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Mediobanca Corporate Presentation
October 8th 2011
Università Commerciale L. Bocconi, Milan
October 8th 2011 Università Commerciale L. Bocconi, Milan
2
1950s: supporting growth of leading Italian groups outside Italy 1956: listing on Milan stock market (the first banking group listed after the war) Trustee business via Spafid (1951), followed by consumer credit with Compass (1960) and leasing with Selma
(1970)
Founded after World War II by Banca Commerciale Italiana, Credito Italiano and Banco di Roma, the three state-owned “banks of national interest”
Mission: to support the rebuilding of the Italian industry through supply of medium/long-term financing and advisory services to enterprises
Key role in supporting Italian industry restructuring: MB became “house bank” for major Italian industrials By mid-1970s MB’s equity investment portfolio included Generali (4.5%), Fiat (2.5%), Montedison (2.5%), Olivetti
(5%), Pirelli & C. (3.3%) and Fondiaria (10%) 1988: MB privatisation and core shareholder’s agreement between banks (25%) and private enterprises (25%) set
up
Industrial restructuring in late ’90s was followed by a boom of privatisation deals and IPOs, in which MB confirmedits leadership position.
MB International, operating in international capital markets set up in 1990 Residential mortgages business started up with Micos (1992) Increase in size of equity investment portfolio (Generali 14%) Private Banking business entered with Banca Esperia (2001) and CMB (2003)
New management team (2003) and strategy refocused on banking activities CIB activities internationalized with the opening of branches in Paris (2004), New York (2006), Madrid (2007),
Frankfurt (2007) and London (2008) Creation of the third domestic operator in consumer lending with the acquisition of Linea (2007) Retail banking started with Che Banca! (2008)
1946
Foundation
1950s-70s
Development
1970s-80s
Restructuring of Italian industry
1990s –early 00s
Italian largest privatisations
Recent years
Diversifications
History and mission of Mediobanca
3
Mediobanca in the news
4
Business model
Retail Banking
Private Banking
Consumer credit
Mediobanca
Large/mid corporates
Principal InvestingCorporate &
Investment Banking
Capital Markets
Advisory
LendingEquity Investment
Portfolio
Merchant Banking
Private Equity
Special Opportunities
Retail & Private Banking
Private
5
Increasing international presence
Direct presence
France
Lending and Corporate Finance
U.K
Capital Markets
U.S.A
Brokerage
2004 2007 2008
Germany
Lending and Corporate Finance
Spain
Lending and Corporate Finance
6
Why Mediobanca?
History of success
Culture
Training
Innovation and
flexibility
Sustainable business model
Leadership
Mediobanca is the leading investment bank in Italy and
one of the most important players in the European arena
Our people are our most valuable asset. We all share the
culture, ethical principles and the pride that helped the
Bank achieve 65 years of successes
Working at Mediobanca means working in a fast and
flexible environment where confidentiality is a treasured
value
Because of our flat hierarchical structure, new joiners can
benefit from working side by side with senior and
experienced professionals to maximise their growth at
such an early and fundamental stage of their careers
We always take a 360° approach to our clients with the goal
of constantly addressing their needs in the medium-
long term and to work hard to maintain their trust
7
Corporate Finance
Client-focused professionals organized by Industry Teams
A track record of 60 years of unparalleled achievement
and long-term relationships with major Italian groups
Proven capability in providing a comprehensive service
Unique understanding of domestic industrial, regulatory,
legal and tax environment
Excellent relationships with major international financial
institutions, such as investment banks, commercial banks,
private equity funds, etc.
Strategic
objectives
Company
valuations
Mergers and
acquisition
Disposals
and
spinoffs
Shareholders
agreements
Debt
Advisory
Corporate
Restructurings
Relations with
Institutional
bodies
Joint – ventures
And partnerships
Financial
Analysis and
benchmark
Company
OfficesMilan and regional
Area officesFrankfurt Madrid Paris
Debt AdvisoryTMTFIGEnergyIndustriesBranded Goods
& IndustrialsReal Estate
8
Leadership in M&A confirmed not only by the size and importance of the deals, but also the high
degree of coverage in terms of industries
M&A major deals in 2010-2011
Bancassurance
agreement
December 2010
Financial Advisor to Cattolica Assicurazioni
€ 56m
Combination of Actelios
and Falck Renewables,
Financial Advisor to Falck
S.p.A.
November 2010
Financial Advisor to the Target
€ 858m
Acquisition by Fondo
Italiano per le
Infrastrutture SGR of a
65% interest in Gesac SpA
November 2010
Advisor to the Seller
€ 150m
Acquisition by Credit Agricole SA of an 80% interest in Cassa di
Risparmio della Spezia
November 2010
Advisor to the Acquiror
Value undisclosed
Acquisition of Malo (IT
Holding Group) by
Evanthe Srl
September 2010
Financial Advisor to the Seller
Value undisclosed
Acquisition by France
Telecom SA of 100% of
Elettra TLC from Telecom
Italia and FTT Investment
BV
September 2010
Advisor to the Target
Value undisclosedAcquisition by Tamburi
Invest Partner SpA of an
additional 7.1% stake in
Borletti Group, for a total
14.81%
September 2010
Advisor to the Target
Value undisclosed
BORLETTI GROUP
Acquisition by GWM
Renewable Energy SpA of
a 13.24% stake in
Greentech Energy Systems
A/S
September 2010
Advisor to the Acquiror
Value undisclosedAcquisition by ECM Equity
Capital Management
GmbH of the entire share
capital of Kamps GmbH
from Lieken AG
August 2010
Advisor to the Acquiror
Value undisclosed
Disposal of all Ukrainian operations by Antonio
Merloni S.p.A. in A.S. to Electrolux Group
August 2010
Financial Advisor to Antonio Merloni S.p.A.
in A.S.
Value undisclosed
Disposal by Antonio Merloni S.p.A. in A.S. of 100% of Asko Appliances
Group
July 2010
Financial Advisor to Antonio Merloni S.p.A.
in A.S.
Value undisclosed
Debt restructuring of
Itema Group
July 2010
Advisor to Itema
Value undisclosed
World leader in the textile
machinery industry
Disposal of TeamSystem
SpA by Bain Capital
August 2010
Financial Advisor to Bain Capital
€ 565m
Acquisition by Investor
Group of Factorit SpA
August 2010
Financial Advisor to the Target
€ 154m
€ 42m
Financial Advisor to Landi Renzo
Fairness Opinion
July 2010
Acquisition by Birds Eye
Iglo Group Limited of
Findus Italy
July 2010
Financial Advisor to the Acquiror
Value undisclosed
Sale of Endesa’s high voltage transmission
network to Red Electrica de España
Financial Advisor to Endesa
€ 1.5bn
July 2010
Acquisition by Telecincoof assets from Grupo Prisa(Cuatro and a 22% stake in
Digital+)
January 2011
Financial Advisorto Mediaset
€ 1,0bn
Acquisition by Goldman Sachs Group of an 80%
interest in Endesa Gas SA from Endesa Red SA
September 2010
Advisor to the Target
€ 800m
Sale of 30% shareholding interests of Rainbow S.p.A.
to Viacom Inc.
December 2010
Financial Advisor to Rainbow
Value Undisclosed Assignment of
Pirelli & C. Real Estate
shares to the shareholders
of Pirelli & C.
October 2010
Financial Advisor to Pirelli & C.
€ 872.71m
Acquisition by Unicredit
Merchant SpA of a 12.5%
stake in Gratta&Vinci
December 2010
Advisor to Lottomatica
€ 100m
Acquisition of SET Group
by Limak from
Italcementi Group
March 2011
Financial Advisor to Italcementi Group
€ 290m
Acquisition by BC Partners
of a 78.7% stake in
Gruppo Coin
June 2011
Sell Side Advisor to Financière Tintoretto
€1.4bn
Merger of Autostrade Sud
America with Autostrade
per il Cile
August 2010
Advisor to the Acquiror
€ 523.79mAcquisition by Landi
Renzo USA Corp. of the
entire share capital of
Baytech Corp.
July 2010
Advisor to the Acquiror
€ 11m
Acquisition by Prysmian of
100% stake capital of
Draka Holding
March 2011
Advisor to the Acquiror
€ 1.3bn
August 2010
Disposal by ACS of a
100% in DSPL port
operations
Financial Advisor to ACS
€ 720m
Acquisition by Global
Games of 50,68% stake in
SNAI and subsequent
tender offer for
outstanding shares
June 2011
Advisor to Global Games
€ 187m
Acquisition of 77.5% stake
in Visiant Galyleo
June 2011
Advisor to Indra
Acquisition by Eaglemoss
Pubblishing of a 51% stake
in GE Fabbri Ltd from RCS
Mediagroup SpA
Pending
Advisor to the Target
€ 27.43m
Acquisition by Corrado Ariaudo of a 96.8%
interest in Comital SpAfrom Management &
Capitali SpA
Pending
Advisor to the Vendor
Value undisclosed
Voluntary public tender
offer by Swisscom on
Fastweb minorities
November 2010
Advisor to Fastweb
€ 256m
Bancassurance
agreement
September 2010
Financial Advisor to Cattolica Assicurazioni
€ 118.3m
Pending
€ 609.6m
Acquisition by
Eurazeo SA of a 45% stake
in Moncler SpA from
Carlyle Group Plc and
Brands Partners 2 SpA
Advisor to the target
Acquisition by an Investor
Group of a 18.4% stake in
City Life Srl from Lamaro
Appalti
June 2010
Advisor to the Target
€ 45m
Acquisition by Valvitalia
SpA of Broady Flow
Control
June 2010
Advisor to the Acquiror
Value undisclosed
Acquisition by Enel Green
Power SpA of ECYR
March 2010
Financial Advisor to the Acquiror
€ 1.086m
Debt restructuring of
Bonfiglioli Riduttori SpA
March 2010
Advisor to Bonfiglioli
€ 209m
Debt restructuring of Antichi Pellettieri SpA
February 2010
Advisor to Antichi Pellettieri
€ 71m
Acquisition by Credit
Agricole of 96 branches of
Intesa San Paolo SpA
February 2010
Financial Advisor to the Acquiror
€ 740m
Acquisition by ArcotecnicaReal Estate of Icade Italia
SpA from Icade
March 2010
Advisor to the Target
Value undisclosed
Disposal by
A2A of 5.16% stake in
Alpiq
May 2010
Financial advisors to A2A
€ 305m
Pending
€ 700m
Acquisition by
Tim Participações of
AES Atimus Group
Financial Advisor to
Telecom Italia
March 2011
Value undisclosed
Acquisition by
Openjob
of 100% Metis
Financial advisor to
Openjob
Partnership in life andnon-life bancassurance
with purchase of a 81% stake in
Bipiemme Vita byCovéa Group
Pending
Financial Advisor to
Banca Popolare di Milano
€ 243m
Disposal by Carrefour of
20% Finper stake to
Brunelli family
February 2010
Financial Advisor to the Seller
€ 100m
July 2011
Acquisition of
Pittarello Group
by 21 Investimenti
€ 150m
Financial Advisor to
the Acquiror
9
M&A Deals cross-border
Disposal of Gruppo Coin to
BC Partners
Announced
€1.4bn
Financial Advisor to the Seller
Redefinition of the joint
venture agreements with
GDF Suez
March 2011
Financial Advisor to Acea
July 2011
Acquisition of
Ono Packaging by CCPL
Financial Advisor to CCPL
Pending
€ 609.6m
Acquisition by
Eurazeo SA of a 45% stake in
Moncler SpA from
Carlyle Group Plc and Brands
Partners 2 SpA
Advisor to the target
Acquisition by SMEG of
Australian assets and brands of
REXEL
2011
Financial Advisor to SMEG
Partnership in life andnon-life bancassurance
with purchase of a 81% stake in
Bipiemme Vita byCovéa Group
Pending
Financial Advisor to
Banca Popolare di Milano
€ 243m
Acquisition of 77.5% stake in
Visiant Galyleo
June 2011
Advisor to Indra
Acquisition by Telecinco of assets from Grupo Prisa (Cuatro
and a 22% stake in Digital+)
January 2011
Financial Advisorto Mediaset
€ 1,0bn
July 2010
Value undisclosed
Acquisition of a Non-Performing Loan Portfolio by
ColonyCapital
Financial Advisor to Acquiror
October 2009
Value undisclosed
Acquisition of Wagon Automotive Nagold by
Metalmeccanica Tiberina
Financial Advisor to Acquiror
September 2008
Value undisclosed
Acquisition of Eurocryor
by EPTA SpA
Financial Advisor to Acquiror
February 2008
Value undisclosed
Acquisition of parts from Endesa by E.ON
Financial Advisor to Seller
June 2007
€2.0bn
Acquisition of Enel Viesgo from Enel by E.ON
Financial Advisor to Seller
Acquisition of
Maciachini business park (Milan)
from
IVG Immobilien
October 2009
Financial advisor to the Acquiror
€ 300m
Acquisition of 100% of Madaus Pharma by Rottapharm
June 2007
Financial Advisor to Rottapharm
Value undisclosed
Acquisition by
Credit Agricole SA of
Carispe and 96 branches (an 80%
interest in Cassa di Risparmio
della Spezia)
November 2010
Advisor to Credit Agricole
Value undisclosed
Disposal by Carrefour of 20%
Finper stake to Brunelli family
February 2010
Financial Advisor to the
Seller
€ 100m
Acquisition by Arcotecnica Real
Estate of Icade Italia SpA from
Icade
March 2010
Advisor to the Target
Value undisclosed
Acquisition by Air France of a
stake in Cai/Alitalia
February 2009
Financial Advisor to the
Acquiror
€ 323m
Acquisition by Koninklijke Philips
Electronic of Saeco International
Group
May 2009
Financial advisor to the Target
€ 200m
Dismissal by Enel of 80% of
Enel Rete Gas to F2i and AXA
Private Equity
May 2009
Financial Advisor to Enel
€ 1.5bn
November 2009
Advisor to ENI
€2.0bn
Buy-back of minority
shareholders
Acquisition by ENI of the
primary gas operator in
Belgium
October 2008
Financial Advisor to the Acquiror
€ 4.8bn
Dismissal by Telecom Italia of
100% of Alice France
(TI French broadband operations)
June 2008
Co-Advisor to the Seller
€ 800mln
October 2008
Minority investment of
SNCF in NTV
Advisor to NTV
€ 80m
March 2008
Disposal of
LA SNET to E-on
Advisor to ENEL
March 2008
Acquisition by Cofathec
of 7 power plants from
Edison
€ 226 m
Advisor to Edison
Disposal by Assicurazioni
Generali SpA of Nuova Tirrena
Spa to Groupama SA
August 2007
Financial Advisor to the
Seller
€ 1.25bn
Disposal by Accor SA of Gemeas
Cusin Ristorazione e Scapa Italia
to Barclays P.E.
October 2007
Financial Advisor to the Seller
€ 135mn
Acquisition of
Montepaschivita by AXA
March 2007
€1.6bn
Advisor to Montepaschivita
July 2007
Acquisition of Beni Stabili
by Groupe Financiere des
Regions
€5.3bn
Advisor to Beni Stabili
October 2008
Disposal of
energy assets in Italy to
Suez
€2.6bn
Advisor to ENI
10
Corporate & Investment Banking - Ranking
Mediobanca in Italy (announced deals, 12m to june)
MB June 11 MB June 10 MB June 09
M&A
No. deals 1^ 2^ 1^
Deal volume 11^ 1^ 1^
ECM
No. deals 1^ 1^ 1^
Deal volume 2^ 5^ 1^
11
Financing specialists are active in:
advising client on analyzing potential capital structure andfinancing solutions available across a broad array of debtproducts, including addressing credit rating implications
providing structuring and execution of lendingtransactions
granting access to significant size financing through theinternational syndicated market
offering facility and security agency services for Corporateand Structured Finance transactions
Leveraged
finance
Corporate
lending
Export
financeProject
finance
Lending & Structured Finance
Sector Facility Agency Security Agency Rating Advisory Debt Advisory
OfficesMilan and regional
area officesFrankfurt London Madrid Paris
Loan SalesDebt
Origination
Company
12
LFS recent transactions 2009-2011
The role of Bookrunner always entails the status of Mandated Lead Arranger
December 2009
€ 1.2bn
Refinancing
Mandated Lead Arranger
June 2009
€ 8.7bn
Refinancing
Mandated Lead Arranger
February 2009
Mandated Lead Arranger
€ 4bn
Forward Start
Facility
€ 690m
Acquisition Financing
Bookrunner
October 2009
Bookrunner
£100m
Refinancing
April 2010
August 2010
Mandated Lead Arranger
€ 550m
Refinancing Facilities
€ 2.5bn
Refinancing
Bookrunner
April 2010April 2010
€ 3bn
Refinancing
Mandated Lead Arranger
March 2010
€ 4bn
Term Loan Facilities
Mandated Lead Arranger
$ 13bn
Refinancing
Mandated Lead Arranger
March 2010 March 2010
€ 3.9bn
Term Facilities
Mandated Lead ArrangerMandated Lead Arranger
£530m
RCF
Refinancing
March 2010
Bookrunner
$ 300m
Term Loan Refinancing
April 2010
€ 2.5bn
Revolving Credit Facility
Mandated Lead Arranger
March 2010
May 2010
€ 2.5bn
Refinancing
Mandated Lead Arranger
June 2010
€ 1.2bn
Refinancing
Bookrunner
June 2010
Bookrunner
€ 450m
Refinancing Credit Facilities
July 2010
Mandated Lead Arranger
€ 500m
Revolving Credit Facility
July 2010
Bookrunner
€ 900m
Acquisition Facilities
€ 400m
Refinancing
Mandated Lead Arranger
June 2010
€ 2.6bn
Refinancing
Mandated Lead Arranger
July 2010July 2010
€ 500m
Add-on Facility
Mandated Lead Arranger
£ 625m
New Class B Facility
August 2010
Mandated Lead Arranger
August 2010
Bookrunner
€ 1.5bn
Acquisition Finance
£ 300 million
Acquisition Facilities
Mandated Lead Arranger
November 2010
December 2010
US$1.2 billion
Senior Secured Credit
Facilities
Mandated Lead Arranger
January 2011
£ 230 million
Refinancing
Mandated Lead Arranger
€ 1.0bn
Term Loan Facility
Bookrunner
December 2010
€ 675m
Senior Credit Facilities
Mandated Lead Arranger
December 2010
€ 6.0bn
Refinancing Facilities
Bookrunner
March 2011 February 2011
€ 655m
Acquisition Financing
Mandated Lead Arranger
June 2011
Mandated Lead Arranger
€ 700m
Revolving Credit Facility
December 2010
Mandated Lead Arranger
€ 2bn
Revolving Credit Facility
December 2010
€ 1.4bn ($ and €)
Facilities
Global Coordinator
November 2010
Bookrunner
€ 1.2bn
Revolving Credit Facility
May 2010
Mandated Lead Arranger
€ 400m
TL & RCF€ 10bn
Revolving Credit Facility
Sole Coordinator
April 2010
€ 1.3bn
Credit Facility
Mandated Lead Arranger
January 2010
TELCO S.p.A.
€ 1,070m
Refinancing
Bookrunner
January 2010
€ 1,025m
Senior Credit Facilities
Bookrunner
September 2009
Enel Rete Gas
July 2009
€ 600m
Term Facilities
Bookrunner
€ 8bn
TL & Forward Start
Bookrunner
April 2009
For the acquisition
of 25% of:
13
Capital Markets
Capital Markets Treasury
and ALM
Equity
finance
Equity capital
markets (ECM)
Capital
markets
solutions
Debt capital
markets (DCM)
Milan LondonOffices
Market
making
Equity and
derivatives
trading
The Capital Markets business area is divided into:
Client Activities
Proprietary Trading
Client Activities
Capital Market Solutions: structuring equity, rates, creditand alternative solutions (including client trading)
Equity Capital Markets: origination and execution ofplacements and underwritings for all equity products
Debt Capital Markets & ABS: origination, execution andplacement of fixed-income and ABS deals
Market Making: management of trading flows in interestrates, forex and inflation and market making of bonds eitheron OTC and on regulated markets
Proprietary Trading
Treasury and ALM: management of the Bank’s treasuryfunds, risk exposure, funding and pricing of fundinginstruments
Equity and Derivatives Trading: proprietary trading ofequity derivatives and equity linked products
Equity Finance: responsible for securities lending
14
ECM
DCM
2009
Shares
€ 2,997m
2009
Shares
€ 200m
2009
Convertibles
€ 639m
2009
Shares
€ 7,978m
2009
Shares
€ 3,471m
2009
Shares + Warrants
€ 70m
2010
Convertibles
€ 392m
2009
Convertibles + Warrants
€ 625m
2010
Shares
€ 3,999m
2010
Convertibles
€ 996m
€ 10,185m
Shares
20102010
€ 499m
Shares
€ 11,000m
2011
CoMEN placement & Rights Issue
Dual StepCapital Increase € 800m
Pending
Shares
Joint Global Coordinator and
Joint Bookrunner
2011
Shares
€ 2,152m € 1,000m
2011
Shares
€ 807m
Shares
2011 2010
Shares
€ 1,815m
2009
€ 14,515m
Shares
2011
Shares
€ 1,988m
2011
Shares
€ 130m
2010
Shares + Warrants
€ 399m
February 2011
Joint Bookrunner
€ 500,000,000
5.125% February 2016
Joint Bookrunner
February 2011
€ 750,000,000
4.5% Covered Bond
due February 2016
March 2011
€ 250,000,000
FRN March 2013
Joint Bookrunner
March 2011
€ 1,250,000,000
4.875% Covered Bond
due September 2016
Joint Bookrunner
May 2011
€ 1,750,000,000
4.125% Senior Unsecured
due November 2013
Joint Bookrunner
May 2011
€ 300,000,000
FRN May 2013
Joint Bookrunner
April 2011
€ 750,000,000
4.625% Senior Unsecured
due October 2016
Joint Bookrunner
May 2011
€ 400.000.000
4,5% Senior Unsecured
November 2013
Joint Bookrunner
March 2011
€ 500,000,000
4.75% Senior Unsecured
due September 2013
Joint Bookrunner
July 2011
Joint Bookrunner
€ 900,000,000
6.125% July 2014
€ 600,000,000
7.375% July 2018
March 2011
Joint Bookrunner
€1,000,000,000
5% March 2017
February 2011
Joint Bookrunner
€ 1,000,000,000
5% Covered Bond
due February 2018
November 2010
€ 600,000,000
3.875% November 2017
Joint Bookrunner
November 2010
€ 500,000,000
4% November 2015
Joint Bookrunner
November 2010
€ 400,000,000
FRN November 2012
Joint Bookrunner
€ 500,000,000
4.5% October 2020
Joint Global Coordinator
Joint Bookrunner
October 2010November 2010
€ 500,000,000
5.375% February 2018
Joint Bookrunner
December 2010
€ 200,000,000
LT2 Subordinated Notes
7.321% December 2020
Dealer Manager and
Joint Bookrunner
January 2011
€ 1,000,000,000
5.125% January 2016
Joint Bookrunner
November 2010
€ 1,000,000,000
3.5% January 2018
Joint Bookrunner
July 2011
Joint Dealer Manager
€ 70,350,000
4.15% Senior Unsecured
due July 2016
ECM & DCM recent transactions
September 2011
Joint Bookrunner
€ 300,000,000
9.5% December 2018
Joint Global Coordinator and
Joint Bookrunner
Joint Global Coordinator and
Joint Bookrunner Co-ManagerJoint Global Coordinator and
Joint Bookrunner
Joint Global Coordinator and
Joint BookrunnerJoint Global Coordinator and
Joint Bookrunner Co-BookrunnerGlobal Coordinator and
Bookrunner
Joint Global Coordinator and
Joint Bookrunner
Joint Global Coordinator and
Joint Bookrunner Joint BookrunnerGlobal Coordinator and
Bookrunner Joint Bookrunner
Global Coordinator and
BookrunnerJoint Global Coordinator and
Joint Bookrunner
Joint Global Coordinator and
Joint Bookrunner Co-Lead ManagerGlobal Coordinator and
BookrunnerJoint Global Coordinator and
Joint Bookrunner
Co-Lead Manager Co-Lead Manager
15
MB Securities
Thanks to a unique position in Italy’s financial and corporate scene Mediobanca offers:
high quality research with in-depth knowledge of companies and the market
unrivalled access to listed companies’ top management
in-depth “market flavour” and liquidity flows
good execution capability – cash equity and derivatives
efficient mid/back office
In 2010 Mediobanca Securities created a FIG Pan-European research team focusing on approximately 50 quoted FIGs in 15 countries
More than 200 institutional investors regularly deal with Mediobanca Securities
Sales
Execution
Research
Mid/office
Settlement
16
Risk Management
Market Risk
Measures: market prices and rates changes’ risks and thebank’s exposure
Monitors the risks arising from asset–liability mismatch
Validates the financial models used by the front office to priceplain and exotic instruments
Credit Risk
Assess counterparty risk arising from lending, LBO , projectfinance and capital market transactions
Rating advisory
Operational Risk
Provides the framework, infrastructure, tools and methodology tocapture risks arising from people, systems and processesthrough which the bank operates
Reports key operational risk exposure and promotes riskmitigation in line with risk appetite
Enterprise Risk
Defines a framework for managing holistically all risks theGroup is exposed to by developing policies and quantifying riskappetite
Leads the Internal Capital Adequacy Assessment Process
Validates the Group’s internal rating models
Market
Risk
Credit
Risk
Enterprise
Risk
Risk Management
London
Operational
Risk
Mediobanca
Measures & reports all risks
to which the Bank is exposed
17
Profiles required
Studies
business/finance studies
Technology
Languages
English
Specific area of expertise
business strategy
process analysis
technology
Studies
business/finance studies
economics
business law
Languages
english
french, spanish, german
Specific area of expertise
financial accounting
corporate valuation
business law
Studies
Business/finance studies
economics
statistics & mathematics
Languages
english
french, spanish, german
Specific area of expertise
financial mathematics
econometrics
financial markets & products
Corporate FinanceLending & Structured Finance
OperationsCapital Markets
Values
18
months
Junior Talent Program (JTP)
Skills and
knowledge enhacement
----------------------------------------------------------------
Country / Team rotation
Sponsor Team + Host Team
2118151296
Internship
Skills and interests
identification
---------------------------
Italy or Abroad
Sponsor Team
3 24
Mediobanca’s 1st Junior Talent Program
Who is eligible?
Outstanding interns who have successfully concluded a 6 months internship
What about the program content?
The program is tailor-made: Country/team rotations will be planned to match the individual's skills & interests to theBank’s business needs
What do I have to do to apply?
Just apply to our year-round internship openings by sending your cv
What happens next?
If you have been successful during the JTP and have enjoyed your time with us, on the basis of the openings you will beassigned to your new team
19
• Età: 28
• Formazione: Laurea in Ingegneria Gestionale (Politecnico di Milano)
Master post lauream in Finanza Quantitativa e Risk Management (Università Bocconi).
• In Mediobanca da: Luglio 2008
PROGETTI RILEVANTI A CUI HO PARTECIPATO
Implementazione di una nuova metodologia per il calcolodell’esposizione al rischio controparte ed emittente sultrading book
Sviluppo di metriche di valutazione del rischio di nuoviprodotti/business
COMPETENZE di uso frequente
Tecniche: conoscenza dei principali modelli di pricing e di risk assesment, analisi funzionale
Informatiche: programmazione in VBA
Lingue: Inglese, Spagnolo
Personali: capacità di lavorare in team
PERCHE’ MEDIOBANCA
Possibilità di lavorare in un team giovane ed in un contesto in continua evoluzione
GIORNATA TIPO
Monitoraggio deiprincipali indicatori
Studio di fattibilitàdi nuovi prodotti
Supporto tecnico alle decisioni del top management
Marco L market risk management
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• Età: 25
• Formazione: Laurea Triennale e Specialistica in Economia dei Mercati e degli Intermediari Finanziari (Università Bocconi)
• In Mediobanca da: Gennaio 2011
PROGETTI RILEVANTI A CUI HO PARTECIPATO
Emissione di prodotti strutturati
Sviluppo di modelli di pricing per opzioni esotiche
Gestione del portafoglio indici
COMPETENZE di uso frequente
Tecniche: modelli di pricing di prodotti derivati e strutturati
Lingue: Inglese, Spagnolo
Personali: capacità di lavorare sotto pressione e di prendere decisioni in situazioni di stress
PERCHE’ MEDIOBANCA
Possibilità di lavorare in una realtà dinamica, con forti possibilità di crescita, a contatto con figure professionali altamentecompetenti.
GIORNATA TIPO
Operazioni di chisura
Attività di pricing, hedging e trading sui mercati
Briefing di aggiornamento
Maria equity derivatives trading
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• Età: 24
• Formazione: Laurea in Economia e Finanza e M.Sc. in Finance (Università Bocconi)
• In Mediobanca da: Novembre 2010
PROGETTI RILEVANTI A CUI HO PARTECIPATO
Predisposizione della reportista per un cliente attivonell’health care, comprensiva di analisi di consensus (posizionamento dei principali broker) e di mercato(performance azionaria, volatilità, correlazione con i principalicompetitor e con gli indici settoriali)
Implementazione di un modello di mappatura dell’azionariatoper le società quotate
COMPETENZE di uso frequente
Tecniche: Principali modelli di valutazione dei titoli azionari (DCF, APV, DDM, peer comparison)
Informatiche: Excel, VBA, PowerPoint, Bloomberg, Reuters, Datastream, FactSet
Lingue: Inglese
Personali: capacità di lavorare in team
PERCHE’ MEDIOBANCA
Ambiente giovane e dinamico. Possibilità di lavorare in un’area nuova ed in fase di sviluppo.
GIORNATA TIPO
Monitoraggio dei titoli delle società clienti e supporto ai rispettiviInvestor Relators per la comprensione delle principali dinamichedi mercato
Update sul newsflow dimercato e sull’apertura deilistini equity europei
Redazione di report sull’andamento dei mercati e sulle dinamiche emerse nelcorso della seduta
Danilo corporate broking
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• Età: 30
• Formazione: Laurea in Economia Aziendale con specializzazione in Finanza aziendale (Università Bocconi)
• In Mediobanca da: dicembre 2005
PROGETTI RILEVANTI A CUI HO PARTECIPATO
Strutturazione del finanziamento di acquisizione di Findus daparte di Bird' s Eye Iglo, il leader europeo dei surgelati che fa capo al fondo di private equity Permira
Strutturazione del finanziamento legato all’offerta pubblica diacquisto da parte di Generali su azioni Toro Assicurazioni
COMPETENZE di uso frequente
Tecniche: implementazione di modelli finanziari per operazioni LBO; conoscenza degli standard contrattuali per finanziamenti di leveraged buy out
Lingue: Inglese, Francese
Personali: attitudine a lavorare sotto pressione, proattività , team worker
PERCHE’ MEDIOBANCA
Possibilità di essere in un contesto di rilievo all’interno del mercato italiano, dove tra l’altro si è seguiti in maniera strutturata nel propriopercorso di crescita professionale.
• Analisi del pacchetto di due diligence legato alla nuova opportunità di finanziamento
• Implementazione del modello finanziario volto a testare la debt capacity del nostro potenziale borrower
• Incontri con il cliente e/o fondo di private equity acquirente della società target
• Stesura del credit memo da sottoporre al comitato rischi
• Review assieme al nostro legal advisor, di tutta la documentazione legale relativa al nuovo deal
Chiara M. leveraged finance
PRINCIPALI ATTIVITA
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• Età: 24
• Formazione: Laurea Triennale in Economia Aziendale e Laurea Specialistica in Amministrazione Finanza e Controllo (Università Bocconi)
• In Mediobanca da: giugno 2010
PROGETTI RILEVANTI A CUI HO PARTECIPATO
Emissioni di bond
Sviluppo di modelli per simulare l’impatto sulla struttura economico-finanziaria di varie soluzioni di finanziamento
Attività di consulenza finanziaria
COMPETENZE di uso frequente
Tecniche: Bloomberg, modelli su excel per simulare l’impatto sulla struttura economico-finanziaria delle società di varie soluzioni di finanziamento e power point
Lingue: Inglese
Personali: capacità di lavorare sotto pressione rispondendo a tutte le richieste con la massima rapidità e precisione
PERCHE’ MEDIOBANCA
Possibilità di lavorare con le principali società europee sentendosi un “market-maker”, in una realtà dinamica, a contatto con figureprofessionali altamente competenti
Predisposizione di presentazioni/incontri con i clienti
Check Bloomberg per aggiornamento sul mercato
Incontri interni di brainstorming
Chiara A. debt capital markets
GIORNATA TIPO
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Contacts
Mediobanca S.p.A.
Human Resources
Piazzetta E. Cuccia, 1 – 20121 Milan
Tel: +39 02 8829 1
Fax: + 39 02 8829 267
E-mail: [email protected]
http://www.mediobanca.it
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