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Volume 13 | Issue 3 | 2020

the recap Summer Edition

www.capitalw.org

Market Recap Sally Song

Event Recap Capital W Through 2019 Chelsea Manansala

Exclusive Interviews with Sponsors

Planting Seeds of Change


E L B A T

T H E

E X E C

CONTENTS

F O

2 5 6 7 9

M E E T

T E A M

Capital W 2020

P R E S I D E N T S '

W E L C O M E

Caroline Wang and Lisa Tiu

M A R K E T

R E C A P

Sally Song

E V E N T

R E C A P :

C A P I T A L

W

T H R O U G H

2 0 1 9

Chelsea Manansala

S P O N S O R

A R T I C L E S

Bain & Company, Bank of America, Bloomberg, EY, L.E.K. Consulting, Luminis Partners, Macquarie, Morgan Stanley, Nomura, Westpac


Executive Team 2020 Co-President

Co-President

Caroline Wang

Lisa Tiu

Commerce (Co-op)

Vice President (External)

Commerce/Law

Vice President (Digital)

Vice President (Operations)

May May Yang

Zoe Ong

Charlotte Kwong

Commerce (Co-op)

Commerce/Computer Science

Commerce (Co-op)

Executive Director

Executive Director

Caitlin Howle

Alexandra Petsoglou

Commerce/Science

Marketing Director

Valerie Cheah Commerce/Media

Commerce/Arts

Careers Director

Treasurer

Valerie Tran Commerce (Co-op)

Careers Director

Nancy Mao

Rochelle Nian

Commerce/Law

Actuarial Studies/Science 2


Executive Team 2020 Sponsorship Director

Sponsorship Director

Events Director

Michelle Wu

Anna Yang

Katherine Liu

Commerce (Co-op)

Actuarial Studies/Commerce

Actuarial Studies/Commerce

Events Director

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Data and Data and Development Director Development Director

Karin Nishimuta-Jang

Lydia Yin

Theresa Jiang

Actuarial Studies/Commerce

Actuarial Studies/Commerce

Information Systems

IT Director

IT Director

Publications Director

Jessica Chen

Natalie Chan

Chelsea Manansala

Actuarial Studies/Commerce

Information Systems

Commerce/Law

Publications Director

HR Director

HR Director

Sally Song

Keqin Ouyang

Michelle Lin

Commerce (Co-op)

Commerce/Law

Actuarial Studies/Commerce


Presidents' Welcome CAROLINE WANG & LISA TIU (CO-PRESIDENTS 2020) Dear Ladies, We would love to congratulate you all for finishing a full year of trimesters! It is the perfect opportunity to look back and reflect upon what you have achieved this year, but most importantly to set goals for the upcoming year. For Capital W, 2019 has been a year of great success in many respects. Our flagship events were a great success, providing the opportunity for our members to connect with a wide variety of our valued sponsors. Additionally, in 2019, Capital W have sought to respond to the changing needs of both the student body and workforce by diversifying the range of events we offer. Looking towards 2020, the Capital W team has begun planting seeds of change aiming to nurture our 2019 initiatives and extend our innovative mindset to better serve our internal team, our members and sponsor partners. 2020 will see the implementation of a new executive structure, with the introduction of a Vice President (Digital) role to reflect our vision, aiming to incorporate more technology-focused offerings. Our team look forward to extending upon the 2019 Women in AI initiative through the Inter-Varsity Tech Literacy Series, which we look forward to sharing with you soon. To our graduating members, congratulations on your graduation  and we wish you all the best for the future. Be confident in yourself,  abilities, and don’t forget to take care of yourself. To our returning members, we wish you a restful break to rejuvenate and plant the seeds of change you would like to see in the coming year.

We would also like to extend a warm welcome to our new subcommittee members: Tara Dabrowski, Samantha Yun,  Jennifer Fu,  Helen Liang,  Joanne You,  Selina Go  and  Nina Yang. We look forward to collaborating with you in the new year. “Don’t judge each day by the harvest you reap, but by the seeds that you plant.” - Robert Louis Stevenson We hope you are having a wonderful start to 2020 and a restful break. Caroline and Lisa 2020 Co-Presidents

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Market Recap SALLY SONG Australia

Growth in the Australian economy was weak in the third and fourth quarters of 2019 due to lacklustre private domestic spending. Recent tax cuts failed to stimulate household spending; low household spending was attributed to meagre wage growth and a higher savings ratio. Meanwhile, the external sector — namely, strong commodity exports — continued to support growth. The labour market, however, has been resilient in this slow-growth period, with employment expanding faster than growth in the working-age population. Moreover, the participation rate has been recorded at record highs in recent months.  In 2020, economic activity is projected to strengthen due to sturdier domestic demand and fixed investment as housing and mining investments recover. Nevertheless, weaker demand from China due to continued trade tensions could threaten growth projections. The RBA predicts growth to reach 2.75% over 2020 and around 3% by the end of 2021. This outlook is supported by recent tax cuts, ongoing domestic spending on infrastructure, low interest rates and recovering housing prices in some markets.

Europe

Growth was modest in the third and fourth quarters as expansion was supported by healthy consumer spending but restrained by weakening investment activity and political uncertainty, especially in the United Kingdom. In the UK, the victory of the Conservative Party in the recent elections signal a clearer Brexit route in the next year, reducing Brexit related uncertainties.   Next year, growth is projected to remain weak at 1% due to a slowdown in growth globally amidst an uncertain external backdrop, smaller job gains, rigid labour markets, political uncertainty and weakening consumption.

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China

Trade-related tensions along with existing domestic factors have contributed to the longerterm trend of a slowdown in growth. Hence, authorities have introduced a number of stimulus measures such as public infrastructure projects to support consumption, labour mobility and the private sector. The private sector has continued to support growth, accounting for 60% of GDP and 50% of tax revenue. In addition, China’s cumulative debt (as of December 2019) is 300% of GDP, a figure which the IMF sees as a dangerous trajectory.

United States

Despite recession fears due to trade tensions, the U.S. economy has entered its longest expansion in its history, surpassing the boom of the 1990s. This growth has been supported by a strong labour market—increased hiring and rising wages have increased consumer spending, which accounts for more than twothirds of the U.S. economy. Meanwhile, the strengthening stock market has also boosted household  income and subsequently, spending. However, demographic pressures, increased trade restrictions and policy uncertainty present risks to continued growth in 2020.


EVENT RECAP: CAPITAL W THROUGH 2019 CHELSEA MANANSALA International Women's Day Breakfast Capital W started off 2019 by joining together with Women in Business (WIB), Network of Women (NOW) and Women Entering Business (WEB) for a breakfast event in celebration of International Women’s Day in March. Featuring a guest panel of industry leaders, and welcoming students of all genders, the breakfast inspired attendees to think critically about the ways in which both men and women can work together towards gender parity and to ‘Balance for Better’.

Annual Dinner The 2019 Annual Dinner was once again the highlight of the Capital W events calendar, with over 220 students, sponsors and special guests coming together for the opportunity to connect with sponsors over a 1-hour open networking cocktail event, followed by a two-course dinner where students rotated between two sponsor tables. The theme of this year’s event was “She Means Business”, highlighting the progress that men and women have achieved in moving towards gender parity to encourage and inspire women to pursue careers in business. Attendees were particularly particularly inspired by this year's keynote speaker, Deanne Stewart, whose story resonated with the rest of the room in her journey to becoming the CEO of First State Super.

Capital W x UCC Women in Consulting Evening The Women in Consulting Event, held in conjunction with UNSW Consulting Club (UCC), was part of a joint initiative to encourage students to pursue a career in consulting and build practical skills for consulting competitions and case interviews. 60 students, both male and female, from a variety of skills and backgrounds attended the event at the UNSW campus alongside sponsor representatives from 12 firms. During the event, students engaged in a case-crack session to improve their case-analysis, problem solving and presentation skills.

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Beyond Mentoring Program 2019 also saw the continuation of Capital W’s industry mentoring program, Beyond. Our mission was to deliver a program that facilitated one-to-one mentorship in a collaborative manner through regular group events. In 2019, over 60 mentors and mentees were involved in the program, which spanned from February to October. The mentors came from a wide range of roles and industries; all were volunteers from 11 of our participating sponsors. This was an excellent opportunity for female students to connect with fellow peers and sponsors from a range of disciplines, develop their skills and receive valuable insights into the industry.

Capital W x UNSW UNIT Diversity in Finance 2019 also saw 40 students from a variety of STEM backgrounds participate in the Diversity in Finance event, held in conjunction with the University Network of Investment and Trading (UNIT), in order to provide networking opportunities and inspire students to pursue a role in non-traditional areas of finance. Students engaged in two 30-minute round-tables with sponsor representatives followed by a networking session to learn more about the value of a quantitative background in business

Capital W x Women in AI Skills Workshop In 2019, Capital W partnered with Women in AI and Dr. Natalie Oh (Senior Lecturer from UNSW School of Banking and Finance) to host their first Australian university pilot workshop which saw over 40 attendees learning how AI technology is changing the nature of professional roles in finance and how to best prepare for these changes. This was followed by guest presentations from Microsoft Power BI and Tableau demonstrating the applications of AI in business professions. Following the success of this event, Capital W will be broadening this partnership to develop a 2020 Technology Workshop series in collaboration with our sponsors and industry leaders. to further equip students with the technology skills necessary in a constantly innovating environment.

Internship Applications Workshop Capital W’s annual Internship Applications Workshop ran again in 2019 where members rotated through sponsor facilitated round-tables dedicated to different stages of the internship application process, including CV screening, mock interviews and assessment centres. The 31 attending students were able to meet and network with a range of sponsor organisations in an intimate setting and learnt how to approach a variety of application processes

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