LFA260 Fundamentals of Investment Banking
1. Course Overview
This three-day programme has been specifically designed for delegates who need an understanding of the structure, strategy, mechanics and operation of global Investment Banks.
The programme will provide a comprehensive background to the world of modern Investment Banking Businesses. Delegates will be guided through the wide range of Investment Banking services, functions and instruments on offer.
2. Who will gain from the course
The course is ideally suited to both graduates and non-graduates in the financial services industry. Most participants will be graduates and will have some knowledge of financial markets and financial products. The course will be especially relevant to those with jobs in Banking, Corporate Treasury, Consultancy, Risk Management, Wealth Management, Finance, IT banking related services and students of the major accounting bodies.
3. Prerequisite Knowledge Required
It would be helpful if the candidate had GCSE Mathematics A-C, or equivalent, and a basic knowledge of Excel. However, all examples and calculations will be full explained and exercises will be in groups to model the real world of Investment Banks.
4. Structure of the Course
+ + Day 1: + +
Introduction: Strategic Issues facing Investment Banks
- The role of Investment Banks
- Legal Structure
- Capital Adequacy Issues
- Case Studies
- Corporate Governance Issues
- Basel ll
- Accounting Rule changes
- Main Players
- Portfolio of Businesses
- Obligation to the Shareholders and Board of Directors
Workshop 1. Group exercises using recent articles, case studies, Bloomberg and Excel data.
+ + Day 2: + +
Main Product Areas: Review & Analysis
- Debt Financing
- Equity Financing
- Trading for own account/Internal Hedge Fund
- Equity Services Secondary Market
- Fixed Income Secondary Market
- Research Services (and potential conflict of interest)
- Prime Brokerage
- Wealth Management
- Syndicated lending
- Commodities Services
- Futures Brokerage
- Derivative client services and own account trading
- Risk Management
- Foreign Exchange Services
- Money markets Services
Workshop 2. Further applied group exercises.
+ + Day 3: + +
Trends and change management in Investment Banking
- Regulatory Issues
- Human Resources - Retaining and motivating key players
- Servicing the Hedge Fund Industry
- Credit Derivatives growth and Challenges
- In-house or external research issues
- Big is best dilemma?
- Chasing the league tables?
- Private Equity Business - threat or new client base?
- Summary and discussion on perceived future trends and opportunities
Workshop 3. Further applied group exercises.
5. Course Delivery
Teaching will take place in dedicated seminar rooms, IT labs and the Bloomberg Research and Trading Room. Courses will normally be delivered to small groups of up to 15 participants to facilitate learning.
This course will extend your knowledge and introduce you to some new Strategic Issues facing Investment Banks. This combined with case studies, examples and product details will provide the participant with a comprehensive review of Investment Banking Services to assist and enhance the clients financial service activity.
London Financial Academy,
London Metropolitan University,
84 Moorgate, London EC2M 6SQ