London: June 2012
London Global Immersion Weekend
London, England, was the setting for the third MBA@UNC Global Immersion in June 2012. MBA@UNC students, faculty and staff convened to examine the increasingly interconnected global markets and the European debt crisis. The immersion featured sessions with industry leaders such as John Micklethwait, editor-in-chief of The Economist, Bob Delorge, CEO of Raytheon, Jonathan Tepper, founding partner and chief editor of Variant Perception and Dan Draper, managing director and head of ETFs at Credit Suisse Asset Management. Tepper is a UNC graduate, and Draper is a graduate of the full-time MBA Program; both are based in London. In addition, the students participated in class sessions taught by UNC Kenan-Flagler professorsAlex Arapoglou and Doug Shackelford.
To kickoff the immersion, students and faculty enjoyed a welcome reception. The MBA@UNC leadership team, including associate dean Doug Shackelford, addressed the students, who traveled from cities and countries all over the world.
To set the stage for the immersion, John Micklethwait, editor in chief of The Economist, discussed integrated global markets on Friday morning.
Bob Delorge, CEO of Raytheon UK, provided a corporate perspective, and UNC Kenan-Flagler professor Alex Arapoglou discussed managing risk in currency and debt markets.
Jonathan Tepper (UNC '98 and a finalist for the Wolfson prize) wrapped up the academic sessions for the first day. The founding partner and chief editor of Variant Perception, Tepper led a session on "Dismantling the Euro," led a lively and thought-provoking discussion about what he thought could happen to the Euro zone as a result of the debt crisis, the Greek elections occurring later in the weekend and other member countries’ responses.
On Saturday morning, our academic sessions started with Professor Tarun Ramadorai of Saïd Business School at The University of Oxford. He focused on cross-border capital flows and contagion.
Saturday afternoon had a strong Carolina feel to it. UNC Kenan-Flagler alum Dan Draper, managing director and head of ETFs at Credit Suisse Asset Management, talked about his work and then joined a panel of UNC alumni.
Draper’s talk dove into the interconnectedness of global markets and the importance of history for understanding present-day European issues.
In the alumni panel, UNC graduates shared their experience and advice on building a global career abroad.
UNC alumni panel (Left to Right):
Alex Saponar, business consultant, enterprise services, Hewlett-Packard Company
Dan Draper, managing director, global head of exchange traded funds, Credit Suisse Kristina Smith, industry manager-retail, Google
After the panel wrapped up, students and staff enjoyed the sights and sounds of London. The evening began with dinner at OXO Tower Brasserie, and a sightseeing boat cruise on the Thames River followed.
The final day of the weekend opened up with a class taught by MBA@UNC associate dean and UNC Kenan-Flagler professor, Doug Shackelford, who focused on tax policies and reform in the global economy.
Professor Clemens Fuest of Oxford brought the weekend to a close, sharing his perspective as an economic advisor to the German government, as the Greeks went to the polls and Europeans and economists waited for the next chapter to unfold.