In 2009, during the financial crisis, Philip Chua, then first-year investment banking analyst, and two Sauder School of Business students, Dipak Kamdar and Amardeep Chandi, started a regional competition to help develop the recruiting talent in Western Canada, where capital markets opportunities were scarce.
Six years later, the National Investment Banking Competition (NIBC) (link: www.nibc.com) held in Vancouver is supported by many of the most prominent investment banks and has become the world’s largest investment banking competition for graduate and undergraduate students.
This year, 1,500 competitors from North America, Europe, Asia, South America and Australia participated in the competition including from top ranking business programs such as Stanford, Yale, MIT, Columbia, Ivey, Queens, Sauder, Oxford and Cambridge.
Just last week, former investment banker, billionaire mining financier and film entrepreneur, Frank Giustra, as well as Shark Tank lead panelist and tech entrepreneur, Robert Herjavec, attended the event to address the finalists consisting of soon-to-be investment bankers. In front of 350 success-hungry students and 150 professionals including almost every investment banker in town, the iconic business figures described their unique path to success emphasizing passion, empathy and philanthropy.
The competition finals were opened by Curt Sigfstead, Global Co-Head of Technology Investment Banking at J.P. Morgan and also included a presentation by David Trujillo, Partner at TPG, who leads the firm’s growth private equity investments in new media ventures.
Frank Giustra Fireside Chat