IB Club together with partners Organized the first investment banking competition in the capital market in Thailand. Prepare students Enter a career in investment banking (IB).
Investment Banking Club The Thai Securities Companies Association (IB Club) together with Finncorp Advisory Company Limited organized the Capital Market Case Competition in Investment Banking (“CMCC”), the first capital market investment banking competition in Thailand. "Alternative Ways of Fundraising" supports young people, students, to develop their knowledge and prepare them for a career in investment banking (IB) under the supervision and advice of experts through Enter the final round of 5 teams to win the Final Round on September 10, 2023, win prizes worth more than 250,000 baht.
Mr. Sompop Kirasunthonphong Managing Director Finansia Syrus Securities Public Company Limited, in his capacity as Chairman of the Investment Banking Club, revealed that the Investment Banking Club The Thai Securities Companies Association (IB Club) and Finncorp Advisory Co., Ltd. jointly organized the Capital Market Case Competition in Investment Banking (“CMCC”), the first capital market investment banking competition in Thailand. Under the topic “Alternative Ways of Fundraising”
Organizing the CMCC project aims to find and attract talented students into the competitive arena. and encourage participants to have the opportunity to further develop their knowledge about capital markets in their areas of interest. Including exchanging experiences with executives in the investment banking field. To prepare for a career in investment banking or financial advisory in the capital market. This is in line with the objectives of the Capital Market Development Fund (CMDF) in enhancing knowledge. Understanding the capital market Investment and capital market development To investors, citizens, agencies and related organizations
“Over the past 20 years, the number of listed companies and their market capitalization on the Stock Exchange of Thailand (SET) and the MAI market have continued to grow. It reflects the interest of businesses wanting to be listed on the stock exchange. The same is true for the private bond market, where the number of instruments and the value offered to investors has increased significantly. While the number of people who come to work and pass the financial advisor course includes The number of operational supervisors approved by the SEC has increased in proportion to a much smaller percentage. As a result, there are currently insufficient investment banking personnel to meet the needs of the capital market.
In order not to create limitations on investment banking personnel or financial advisors in the capital market. in giving advice to businesses Whether it is fundraising transactions in various forms merger Including important transactions of listed companies, the Investment Club organized the CMCC project for the first time. and expects to be able to attract students to understand and be interested in working in investment banking This will create enough personnel to meet the needs of the capital market. and can connect to the needs of member companies of the Investment Banking Club,” Mr. Sompop said.
Mr. Somsak Sirichainaruemit Chief Executive Officer of Asset Pro Management Company Limited as Chairman of the Organizing Committee He added that the CMCC project is under the supervision and guidance of the project committee. which consists of representatives from the Investment Banking Club Committee Stock Exchange of Thailand and Finncorp Advisory Company Limited, as well as receiving support from various organizations in the capital market sector, universities across the country, and the AIESEC in Thailand organization. This year, the project received support from the company. Forth Smart Service Public Company Limited (FMART), a listed company, was used as a problem for the final round of the case study competition.
In addition, the CMCC project has created an Ed-Tech E-Learning Platform that allows industry personnel and students to learn at any time. The team has developed new course content in the Platform to be current and consistent. Always up to date with the times, including opening various learning courses, more than just finance, such as courses on how to Finance-UX/UI Thai capital market law courses, etc. Including organizations that come to use the Platform service will have access to a network of youth interested in finding work in the industry through the Platform as well.
“This project will benefit all parties. including financial consulting companies, students, and new graduates who want to work in this profession. It will also help solve the problem of shortages of investment banking personnel. and connect the matching needs of financial consulting companies and Thai youth. Ultimately, there will be benefits to the capital market as a whole from having appropriate and sufficient personnel,” Mr. Somsak said.
Mr. Pornput Richirawanich, Chief Executive Officer of Finncorp Financial and Investment Advisory Group, as the organizing director and person in charge of the CMCC project, said that for the CMCC project competition, which was held for the first time. First time this year Has gone through a thought process and filtered to get the most appropriate and clear guidelines. The competition question in 2023 is “Alternative ways of Fund Raising, a new way of raising funds. for listed companies” to provide information on financial instruments and develop strategies for medium-sized listed companies. By allowing the contestants to work together to propose new ideas and approaches to the case study companies. To develop the idea of raising funds and expanding the company's business.
Currently, the competition is being conducted. And the remaining 5 teams have already been selected. The competition in the 3rd round will take place from 27 August until 10 September 2023. The challenge is “Work with your Mentor, Do anything to win the competition – CMCC 2023!” which is based on the results of the 2nd round and improved. Complete and the best to present On Stage, similar to being able to pitch real work with clients. Contestants must have a presentation method that is exciting, interesting, and persuasive to listeners.
Competitors from each team In addition to gaining knowledge, skills, experience, and friendship from participating in the competition, All participants also have the opportunity to be selected to work with a leading financial consulting firm in Thailand. more than that Participants in the competition also have the opportunity to win prizes worth a total of more than 250,000 baht.
Source: Thai News Agency