MBA@UNC Global Immersion: London - Day Three

MBA@UNC Global Immersions are offered four times a year as unique opportunities for students to travel to major international business destinations with their fellow classmates, participate in engaging discussions with their professors and elite industry leaders, as well as apply what they have learned to real-life problems they now have the knowledge to effectively overcome. At the London immersion, MBA@UNC students participated in one of two tracks: Globalization Strategy or Consulting. On our last day in London, the weekend case competition in the Consulting track came to a close with final team presentations. In the Globalization Strategy track, the topic on Day Three shifted to global financial markets - the day was highlighted by two speakers: Barclay’s Mike Di Iorio and Dean Doug Shackelford of UNC Kenan-Flagler Business School.


 

Global Financial Markets

Mike Di Iorio of Barclays kicked off the first part of Day Three. He's based in London and is the Head of Equities Distribution for Barclays. Di Iorio has over 20 years of equities experience throughout Europe and Asia, and holds degrees in Economics and Mathematical Sciences from UNC.

In an informative Q&A session led by MBA@UNC Executive Director Susan Cates, Di Iorio discussed his personal experiences in global markets and covered a wide range of topics, including:

  • The increasing level of regulation and rules across global markets
  • Trends in regulation and global political attitudes toward regulation
  • How regulation both discourages and encourages innovation and risk-taking
  • Managing client assets while mindful of risk in global markets
  • The differences amongst countries that are generally grouped together as “emerging markets”
  • The continuously increasing importance of compliance and legal matters around the world

 

Tax Policies in a Global Economy

As an internationally recognized tax scholar, it was fitting that Doug Shackelford, dean of the UNC Kenan-Flagler Business School, stepped in to talk about tax policies in a global economy. Shackelford served as the first associate dean of MBA@UNC from 2010 until he became dean in February 2014. He earned a BSBA from UNC Kenan-Flagler and eventually joined the UNC Kenan-Flagler faculty in 1990. Shackelford has also held faculty positions at Stanford University, Universiteit Maastricht in the Netherlands and Oxford University.

Dean Shackelford’s in-depth session exposed students to taxation in the global economy, specifically including the position of the United States. Topics covered included:

  • The evolution of tax policy in the United States
  • Differences in today’s US tax policy as compared to the rest of the world’s major economies
  • What it means, from a tax perspective, to manage a US company as compared to companies from other major countries
  • Evolution of multinational taxation – from selling domestically through selling through foreign subsidiaries
  • Tax reform politics versus tax reform policy
  • Risk factors for large multinational corporations
  • The international move toward increased transparency

 

Consulting Track - Case Competition Presentations

As in other immersions with a Consulting track, Sunday marks the final case presentations. For the London Global Immersion, the focus of the teams participating in the Consulting track was to research and come up with recommendations for their client, Caesars Entertainment, in order to find ways to enhance their customer marketing and sales.

Though every team produced excellent presentations and recommendations, we’re proud to announce the winning team of Sharlene Gill, Jason Williams, Alex Cato, Anne Stewart and Kris Poor (L to R in the photo above). Congratulations to the winners on a job incredibly well done!

With that, another MBA@UNC Global Immersion closes. A small group of students heads off to dig in even deeper as part of an Immersion Extension with Professor Dave Roberts. For everyone else, it’s travel back home or some additional travel for fun. We now look forward to seeing our students once again in September in Shanghai.