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The ReCap 2015 Issue 1 | Page 0


CONTENTS

About Us Capital W is the first and only dedicated undergraduate women’s business club at UNSW Ausralia. It was founded in 2007 by UNSW Co-op scholars as a grassroots approach to bridging the gap between university and the corporate world. Our goal is to motivate and educate talented female students of today – to give them the skills, confidence and inspiration they need to become successful business leaders of the future.

Exclusive Articles 2 President's Welcome By Jessica Qin

3 Capital W Executive Team 2015 Meet the Executives!

4 Market ReCap Our Vision

By Vianna Pan

To form a business-related women’s club with a reputation for attracting talented female students and equipping them with the skills and networks to become future business leaders.

5 Business is Better with All on Board By Tina Zhou

6 Bank of America Merrill Lynch Exclusive Interview with Meline Nazloomian

Our Mission To advance the career development of women in business through a network of undergraduates, professionals and faculty.

8 Commonwealth Bank Exclusive Interview with Laura Manescu

12 Goldman Sachs Venturing beyond - having confidence, networking well and doing your research

Stay Connected! Keep up to date with the latest Capital W news, events and sponsor information via our website, capitalw.org, or like us on Facebook at facebook.com/capitalwinc.

13 Macquarie Group Exclusive Interview with Mayling

14 Morgan Stanley Exclusive Interview with Nancy Tchou Editor Vianna Pan Vice President (Internal)

15 UBS Exclusive Interview with Rachel Bentvelzen

Our contributors for this edition Yafei Fang Caroline Wong Courtney Moses Jewel Zhu Mary Ye Jessica Qin Tina Zhou Lauren Maxwell Special Thanks to Our Contributing Sponsors Bank of America Merrill Lynch, Citi, Commonwealth Bank, Credit Suisse, Deutsche Bank, EY, Goldman Sachs, Macquarie Group, Morgan Stanley, UBS. Westpac Institutional Bank, Woolworths

16 Westpac Institutional Bank Exclusive Interview with Emily Gaedtke

17 Woolworths Limited Exclusive Interview with Kate Langford

18 Events Calendar Capital W's major events in summary

18 Recruitment Calendar

Disclaimer: "The Market ReCap" article is general in nature and written by a student. The information should not be construed as professional financial advice and/or opinion. Statements and opinions expressed are of the author and do not represent the opinion of Capital W. The author and Capital W will not be held responsible for any liability arising from your actions. Please do your own research and come to your own conclusions, or consult with a licensed professional.

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A valuable source for deadlines regarding internships, graduate programs and special opportunities!


President's Welcome Dear Ladies, Welcome to a fresh start to the year! Whether you’re embarking on your first or final year at university, we hope that you will look towards Capital W for support, inspiration and a network of like-minded friends. To our first year students, I am thrilled that you’re about to start the most adventurous phase of your life! Channel your excitement and anxiety into motivation to make the most of your year; join a society, ace your subjects and plan an international exchange! To our final year students who are facing the looming graduate applications season, I wish you the best of luck. I am sure your time at university has given you a kaleidoscope of experiences that undoubtedly makes you an outstanding candidate. Finally, we would love to get to know you, so come along to one of our events and meet the team. We all look forward to meeting you soon! Jessica Qin President, 2015

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Capital W Executive Team 2015

Jessica Qin President Fifth year, Commerce/Economics

What is your most interesting memory from first year? My most interesting memory is the moment I realised how much freedom I have upon stepping into university. Looking at the paths taken by my older friends showed me that I can pave my own future and have amazing experiences along the way. After witnessing the overseas exchanges, competitions, student societies and leadership opportunities that other people have jumped on, I was keen to do the same. Now that I'm in my last year of university, I can say that I've ticked off most of my "uni bucket list"!

Yafei Fang Vice-President (External) Fourth year, Commerce/Economics

What was the biggest challenged you faced as a as a first year? My biggest challenge, as a more naturally shy person, was putting myself out there and getting involved. My advice is to give everything a go and don't be afraid to try something new! University is a time for you to explore your interests, and there is a plethora of opportunity to do so with the diverse range of clubs and societies around, all of which will be happy to welcome you and help guide you on your way. Vianna Pan Vice-President (Internal) Fourth Year, Commerce/Mathematics

Courtney Moses IT Director Fifth year, Commerce/Law

What advice would you give to a first year? Your first year of university is a time when you get to explore outside your comfort zone with greater freedom. You won't be alone because everyone else will be in the same boat as you! My advice is to try something different at every opportunity. Discover your passions and follow them while you still have the time at university. Whether you become involved in extracurricular activities within or outside of university, have fun doing what you love. Caroline Wong Treasurer Fifth year, Commerce/Law

How do students know if their degree is right for them? I think the best starting point is to honestly ask yourself whether you are interested by and enjoy what you are learning about - if you can answer this with a 'yes', then you are heading in the right direction. Students should look ahead at what subjects are offered for various majors to evaluate whether this is something they want to commit to. You should also step back and ultimately look at the bigger picture - will this degree lead you to a career you want to pursue? Once you know all of these answers, you will be best equipped to know whether you are studying the right degree!

What have you gained by being part of Capital W? As a part of Capital W I have established a strong foundation of essential career-related skills including networking, event organisation and teamwork. Capital W has also been a fantastic way to meet like-minded student leaders who openly welcomed me to university life as a first year when I first became involved with the society. Lauren Maxwell Marketing Director Third year, Commerce/Media

What attracted you to join Capital W? The first time that I heard about Capital W was at O-Week. I had not come across such a unique concept as a society dedicated to empowering young females interested in business. I was so engaged by the volunteer’s enthusiasm that the combination of her obvious passion for Capital W, the prospects of meeting other young women and building my professional skill set convinced me to join immediately. I have never looked back! Jewel Zhu Executive Officer Fifth year, Commerce/Law

What was the biggest challenge you experienced in first year? It was difficult to make good use of the newly gained free time I had at university. Initially I took a relaxed approach to university and wasn’t particularly involved. Somewhere through semester 1 of first year, I decided that it was important to take up a challenge and stretched myself across several activities. I have continued those extra-curricular involvements (Capital W being one of them) into my final year and have found them immensely rewarding. You should definitely get active and get involved from day one!

What do you know now, that you wish you had known in first year? Enjoy your first-year of university as much as possible, be involved and be open-minded about your career path!

Jennie Yiu Executive Officer Third year, Commerce/Economics

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Market ReCap Vianna Pan

Vice President (Internal)

Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations. The sustained oversupply of oil, due to the dwindling demand coupled with surging US oil production, has lead investment banks to forecast even more bearish views of oil prices, predicting no significant recovery in the first half of 2015. Major oil exporter, Canada, announced a shock cut to interest rates, becoming another member in the domino chain of countries around the world that is easing their monetary policy to boost growth amid falling commodity prices. Since the new year, 13 central banks have cut interest rates, including the European Central Bank (ECB), the Denmark National Bank, and the Swiss National Bank. The Canadian dollar has since reached a six-year low, followed by Denmark, Turkey, Switzerland and India, causing a global currency war. The ECB announced in tandem a â‚Ź1 trillion package of quantitative easing (QE) - printing money to fund government bonds buy-backs - with the aim to encourage lending and stimulate much-needed growth in a sluggish eurozone. For one week, optimism was sent through share markets around the world, before being interrupted by the Greek election that swept the radical leftist Syriza party into power. Rejecting the EU-imposed austerity measures tied to Greece's â‚Ź240 billion bailout, Syriza's attempt to renegotiate Greece's debt has been met with wariness from most eurozone members, unwilling to further foot the bill for Greece's debt relief. Shares in Greek banks have fallen sharply by as much as 16%, and uncertainty has further leaked into Italian and Spanish stock markets.

The US stands out as the clear winner in the global economic race, with interest rates rising and jobless claims the lowest since April 2000. Falling oil prices and low unemployment rates are spurring increased consumer confidence, and the US dollar has climbed by 9.2% in the past three months. It is against this backdrop that the Reserve Bank of Australia (RBA) decided in early February to cut interest rates to an all-time low of 2.25%, the first cut by the central bank in 18 months. Australia has been dealing with an overall economic slowdown due to a drop-off of mining investment, the key driver of our resource-rich economy. With decreased demand from China also driving a collapse in iron ore prices, the RBA has taken measures to prevent the AUD from rising amidst the rapid global currency falls and to reignite domestic confidence. The decision sent the local stock market to a sevenyear high, up 1.3%, whilst the Australian dollar slumped to a six-year low of $0.7650. The record low cash rate and government bond yields are fuelling investors to turn to the equity market to make a reasonable gain. Telecommunications, infrastructure, utilities, consumer staples, banks and real estate investment trusts - defensive sectors that traditionally can provide sustained and predictable dividends - are likely to benefit from the rate cut. Whether the increased stock prices will be maintained depends on the RBA's next move - gains in equities may only be enjoyed if there are further declines to cost of debt. However, there are concerns that historically low interest rates may fuel an alreadyupbeat housing market.

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Business is better with all on board Being a woman in the business world has its challenges. Make no mistake; the statistics are often alarmingly stacked against us in terms of career prospects and advancement.

Tina Zhou Subcommittee

The release of the McKinsey report and high profile campaigns by various Non-For-Profit Organisations and business executives, such as Facebook CFO Sheryl Sandberg’s support network “Lean In”, have contributed significantly to its materialisation.

Like you, more than 50% of university graduates studying Commerce are women – a growing and There is still much more work to do to shift attitudes untapped potential that continues deterred by the fact regarding gender diversification. It is clear that if that women hold only 9.7% of key executive government and businesses want to see enhanced management positions in the ASX 200. productivity and growth then it is an A key focus of Capital W is the economic imperative that women not According to the McKinsey and Co idea ‘Collaboration’ between only be long term participators in the report “Unlocking the Full Potential of both men and women, in order workforce, but also take on top Women at Work”, entering the to tap the tremendous untapped management positions. And these workforce can also be a tough gig for opportunity of gender diversity. efforts towards securing gender women, especially with the prospects Join us on the 13th of March diversification, in order to most of career advancement coming to a 2015 at the Museum of pertinently reap its benefits, needs to staggering halt at middle management. Contemporary Arts to celebrate come from both men and women. our experiences of collaborating Yet the benefits of diversity in the Most significantly, we saw in 2014 the to advance women’s leadership workplace are overwhelming and well United Nations Goodwill Ambassador aspirations. For more documented. In 2004, a US-based nonEmma Watson’s iconic “HeForShe” information, visit our Facebook profit research organisation Catalyst campaign speech. It brought to the page! identified the positive link between fore the immense need to address the gender disparities women face, one that exists especially board directors and corporate performance in its report. in the workplace. Importantly, she advocated for a Companies with the highest percentages of women collaborative effort to address the issue where ‘men take board directors, on average, had a greater return on up this mantle’ as well. So how do we encourage gender equity, sales and invested capital. diversity in the top levels of the workforce? This power of diversity in the boardroom lies in the fact Dr. Nelson notes that we must ‘move onto a 21st that increased organisational value is added through the century narrative through which women and men quality of decision-making. This has been influenced by together create the kind of entrepreneurial class that best a greater range of effective directorial styles based on serves economic and social values.’ This will require a differing backgrounds, training and experiences. significant shift in corporate culture and in the attitudes Yet it is astonishing to hear that even with women and behaviours working, especially by those who driving $18trillion dollars worth of growth in the world occupy positions of power. Thereby, a vibrant business economy last year, a mere 19.3% of women sit on ASX environment can be created which breaks across 200 boards. However, of late, the focus on increasing gendered business practices in order to prosper. gender diversity in the workplace has gathered enormous momentum.

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Exclusive Interview with Meline Nazloomian Meline Nazloomian Associate in Debt Capital Markets Bachelor of Business (Finance and Accounting) UTS, and Honours in Finance Sydney University What is your background? I studied a Bachelor of Business majoring in Finance and Accounting at UTS where I was awarded the University Medal. Afterwards I completed Honours in Finance at Sydney University. I also did a cadetship at PwC in audit but decided early on that it wasn’t for me. Whilst completing my cadetship at PwC, I became more involved in transactional work, and later took up an internship at a financial services firm in New York (INTL FCStone) over the US summer. From there I decided to come back to Sydney, complete an honours degree in Finance and take up the role that I’m in now. I am currently an Associate in Debt Capital Markets (DCM) at the Bank of America Merrill Lynch. DCM essentially involves providing advice to companies that want to raise debt, advising them on what solutions and what markets they could access. On last count, over the past 4 years I have raised around $60bn for Australian Corporates and Banks.

What is the best part about your role? Having been in my role for four years, I am actually considered an expert in my field – which is hard to believe considering I’m only 27 and work with managing directors who have been in the industry for 20 – 30 years! At Bank of America Merrill Lynch, you are given huge responsibilities, opportunities to take charge and own your work which is impressive. It means that I have been able to give insight and help teams make a difference, despite my age. Are there any misconceptions about your field or position? Mainly that banking is hard and male-dominated. As soon as I joined, I realised that it was really a misconception! Sometimes you do have to work long hours but sometimes you don’t. You can lead a balanced lifestyle and do things outside of work. I think studying the CFA whilst working and still having time to take up tennis speaks for itself. Also, it’s actually an advantage joining the banking industry as a female, as banks globally are promoting diversity and there are plenty of organisations such as Capital W that put you in touch with people in the industry. My advice to any female who is remotely considering banking, is definitely go for it because there are so many opportunities for you within the industry. What is exciting in your field at the moment? The recent RBA rate cut, ECB QE Program and US economic upswing are certainly creating an interesting rate dynamic and making things interesting for me in DCM. Also, I see a positive economic trajectory in Australia with more M&A activity and financing over the next 6-18 months. My field provides so many opportunities!

What do you think of when you hear the word ‘collaboration’? I think of people working together and giving it ‘your all’ to help each other out no matter what. It’s about getting to that deadline with the best possible material through teamwork. When you have a deadline, it is important to make sure your team is working as one. Success comes when everyone in the team puts in their best efforts. The ReCap 2015 Issue 1 | Page 6


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Exclusive Interview with Laura Manescu Laura Manescu Marketing Manager, Home Loans Marketing Bachelor of Economics and International Relations University of Sydney What is your background? My name is Laura Manescu and I started out at CommBank in the 2010-11 Summer Program and then joined their Graduate Program in 2012. I'm currently a Marketing Manager in the Home Loans Marketing team. During my undergrad, I studied Economics and International Relations at the University of Sydney. What do you think of when you hear the word collaboration? Working together to achieve a common goal. Open collaboration breeds the best kind of ideas during brainstorms and adds diversity to our thinking. To me, collaboration means making the most of a broad range of skillsets and working together to develop, design or refine something great. What was the most exciting experience in your university life? Uni Games in Perth! I love sport and getting to represent USYD with a group of awesome people and bring home a Silver medal was a great experience. The social calendar and themes are always great too! Uni Games is one experience you definitely need to get involved in while you're still at University.

I'm currently developing blog, video and social media content to help our customers make smarter property decisions. I've really enjoyed the diversity working in Marketing! What is exciting in your field at the moment? Data and the digital age have had a huge impact on Marketing. The best businesses are working on improving their data capabilities to make the most of the increasing range of data available, and use it to develop even more relevant communications to customers. We've also started to see a shift away from spend on traditional channels like Television and Print advertising with an increasing amount of spend in the digital space. It's exciting to see the industry evolve and adjust to those changes. From a Financial Services perspective, I think the growth of digital currencies is one of the most exciting changes happening in the industry. Digital currencies like Bitcoin are challenging our existing monetary system and the need for intermediaries and governing bodies. I’m really interested to see where that leads and whether the technology will attract high enough adoption rates to challenge the industry and change the way we do things. Innovative payment solutions like Apple Pay are bringing non-traditional players into the Financial Services space so there’s also a shift happening in the scale and diversity of competitors in our industry.

What is the best part about your role? I love Marketing because it gives you a chance to create truly customer focused communications and advertising. Great communications put the customer first and address their needs, rather than leading with a product message. I work across our biggest product portfolio, home loans, and have been lucky enough to work on a range of activities including TV commercials, outdoor advertising and events.

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Venturing Beyond Having confidence, networking well, doing your research and getting involved are all strategies you can employ to set yourself up for success. Kate Stokes, Executive Director and Co-Head Women’s Network, Goldman Sachs Asset Management Bachelor of Business (International Trade), Monash University Master of Marketing, Melbourne Business School

Having Confidence One of the most common issues women face in the workplace is a lack of confidence. Building confidence will help your career to flourish and make it more enjoyable. You will typically commence your career straight out of university where you were achieving top grades, and then suddenly you are surrounded by people with more knowledge and experience than you. Don’t start to doubt your ability to perform your role. Look around you, listen and learn from your colleagues – they are there to help. Put your hand up for new opportunities, even if you feel you don’t yet have all the required skills, you will learn along the way. Women with confidence are more likely to bring new perspectives to the workplace. Have confidence in your own ability, back yourself and enjoy the journey.

Hayley Harkness, Analyst, Credit Sales, Securities Division Bachelor of Economics/Bachelor of Commerce, University of New South Wales

Getting Involved Whilst good grades are important in securing your dream graduate role, having interests and getting involved in activities outside of your studies is a fantastic and essential way to help you stand out and differentiate yourself amongst other students. There are many opportunities and programs to get involved with both within and outside of university, which help you to gain vital skills such as teamwork and networking, to learn about potential future career options and industries, and to show off your individual personality and interests. Personally I got involved in many activities; student societies (including Capital W!), mentoring programs (ASB Career Mentoring Program and Lucy Mentoring Program – specifically for females), volunteering (animal shelter and Guide Dogs NSW), attending employer campus events, and partaking in external employer-run programs. All of these experiences helped me to learn about different career paths available, meet other like-minded people and hear real experiences from company representatives, and enrich my university experience by getting involved in things I am passionate about. These were instrumental in helping me to choose my career path, and ultimately in my success in gaining a graduate role at Goldman Sachs. I encourage you to get involved; it’s never too early.

Karen Haddad, Analyst, Corporate Advisory Division Bachelor of Commerce, University of New South Wales

The Importance of Networking/Learning to Network With numerous followers on Twitter, Instagram and everything in between, it may appear like establishing connections with others is all too easy, but the reality is making an impactful connection in the real world is no easy feat. As you enter the workforce, you will regularly be reminded of the importance networking will play in your career. Networking is a critical skill and providing yourself the opportunity to enhance this skill is something that should be front of mind throughout your time at university, not just before graduate applications. University provides a great platform to build these networks and perhaps more importantly the skills that will become imperative to your career, whatever your industry. As you take part in various activities be mindful to establish genuine and authentic connections with the people you meet. Make an effort to build on these relationships, and be thoughtful of your intentions. Talk about things you are truly passionate about as this is what will distinguish you from the crowd. University provides a great training ground to develop these important skills, enabling you to be a step ahead of the crowd. Take advantage of every networking opportunity!

Sam Postlethwaite, Associate, Human Capital Management Division Bachelor of Commerce (Mgmt)/Bachelor of Arts, University of Melbourne

Doing Your Research In my role as Campus Recruiter, one of the common questions I am often asked is: ‘What do you look for in an application? What stands out?’ One of the most impressive ways students can stand out (in their application or at an event) is to demonstrate they have an understanding of the industry, the role and the company they are interested in. There are many ways to do this. The four main channels our recent summer intern class leveraged to learn more about specific employers and career opportunities during their recruitment search were: company websites, Google, LinkedIn and other (firm representatives, student society resources and events, industry events, industry publications (i.e. Australian Financial Review), industry bodies, mentors, family members, lecturers, careers fairs etc). Furthermore, when attending industry events make the most of the experience. You have made the effort to attend, so make it work for you and ask questions that you really want to know the answers to. Approach firm representatives and engage in a discussion. Asking an interesting question is a great way to set you apart from the other students and make a positive impression with firm representatives. I hope to meet all of you at future events – come and ask me a question!

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Exclusive Interview with Mayling At Macquarie we uncover the opportunities others may miss. That's because we know success comes from encouraging our people to think differently. Our culture promotes innovation and entrepreneurial drive within a strong risk management framework. Macquarie gives you the best opportunity to build your skills and forge your own career path. At Macquarie, you define success. Read how Mayling has defined her career at Macquarie. Mayling Head of Portfolio Management, Agriculture BSc Business Mathematics & Statistics

What do you think of when you hear the word 'collaboration'? For me, collaboration means leveraging the experience of both individual team members and colleagues across the broader organisation in executing the task at hand.

What was the most exciting experience in your university life? It would have to be moving from a small town in South Africa to London. It provided me with exposure to people from diverse backgrounds which broadened my perspective.

Our new team also comprises Macquarie executives from other parts of the organisation and it is refreshing to work with a group of people who offer different perspectives and skill sets. Are there any misconceptions about your field or position? Work life balance can absolutely be a challenge in this industry; however my experience at Macquarie is that staff are expected to invest the time when required but equally make the most of the quieter times. What is exciting in your field at the moment? Agriculture is an emerging asset class for institutional investors. While the long term thematics are strong, the sector is not well understood and is under developed as an investment product relative to other real asset classes such as infrastructure. This represents an opportunity for us to focus on real asset investment. What has been an interesting project you have worked on? It is difficult to identify any one project. I have been fortunate to work on a variety of interesting projects in a diverse set of roles across areas of asset management, asset acquisitions and fund management in both listed and unlisted products. In recent years I have looked at developing new fund products that focus on different sectors, geographies and contemplate different structures to our existing funds in order to meet the needs of our investors.

What is the best part about your role? I took on my current role 6 months ago as part of a new team that was created to reposition and grow our agriculture funds business. It has been a great opportunity to draw on my Macquarie experience to shape this business and, at the same time, learn about and consider a completely different sector.

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Exclusive Interview with Nancy Tchou Nancy Tchou Vice President, Investment Banking Division Bachelor of Commerce (Finance Honours) (UNSW), Bachelor of Law (UNSW), Masters in Finance (INSEAD) What do you think of when you hear the word collaboration? Team work, not holding back and helping others. What was the most exciting experience in your university life? Going on exchange and living away from home - this was a new and frightening experience at first but it's one that I always look back and highly recommend to all university students. Nothing can replace the experience, knowledge and skills that you develop from starting in a new city, new university with no family or friends. What is the best part about your role? Being part of a great team. There is nothing worse than dreading the people you see every day. At Morgan Stanley, the work environment is very collaborative and friendly. Your direct reports and your managers are your friends (and we have fun inside and outside of work) but at the same time we are very professional.

What has been an interesting project you have worked on? I've been heavily involved in the recent wave of privatisations in the country, of which one was Port Botany and Port Kembla in 2012/2013. As part of this project, I was involved in a broad range of work from engaging with various government departments to working out how many cars drive down the M5 to counting the number of cars (including a few Ferraris) parked in the motor vehicle storage area to designing office space to preparing newspaper ads to assisting in the writing of legislation. As you can see it's not all sitting behind the computer in front of a model! It was extremely rewarding when we completed the transaction, and you can see the tangible impact it will have on the community (funds for the government to spend) and nothing gets more rewarding than receiving a personal thank you from the then Treasurer (now Premier).

Are there any misconceptions about your field or position? I don't think you will ever know what investment banking is like until you are in it. And it does also vary by organisation. However I can assure you that it is not like the 'Wolf of Wall Street'. You work hard, learn a lot and it is an environment that challenges you, but everyone is respected and valued as an individual no matter how senior or junior you are.

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Exclusive Interview with Rachel Bentvelzen Rachel Bentvelzen Analyst Bachelor of Commerce (Accounting and Economics), University of Sydney “I have received so much mentoring from senior people and I was also given meaningful responsibilities from day one. I even met the CEO of BHP on the second day of my job at UBS!” Not many people can say the same thing; it is not surprising that Rachel sees her UBS internship as one of the most exciting experiences during her time at university. Capital W explores how a collaborative environment can provide a young and aspiring analyst with numerous opportunities with Rachel Bentvelzen. What is your background? I did a bachelor of Commerce at the University of Sydney, majoring in Accounting and Economics. Though I worked part time in Corporate Tax, I didn’t find out about my current role until I did my internship in the UBS Equities Research team, covering financial institutions. Although I loved the job and the industry, there wasn’t an available graduate position in my year. I started at a different bank and I finally found my way back to UBS recently. What do you think of when you hear the word collaboration? UBS’ major focus, especially in Equities Research, is collaboration. The reason for this is that it helps us deliver a much better value proposition for our clients than we would otherwise be able to achieve as individuals. When I hear the word, I often think of the times when I have collaborated with other sector teams and our overseas counterparts to generate ideas that are more insightful and value adding.

I have received mentoring from senior people and I was also given meaningful responsibilities from day one. I even met the CEO of BHP on the second day of my job at UBS! What is something exciting that has been happening in your field? We have been utilising technology in exciting ways to create a competitive advantage for UBS. For example, we are now using readership statistics to find out what our clients are reading and what they’re most interested in. This is helping us to focus our efforts on what adds the most value. What is the most exciting project you have worked on? Last year, I was excited to work on a report that analysed whether BHP should demerge some of its assets. We had to step inside the mindset of the CEO and look at the business as a whole and the sum of its parts to decide whether a restructure would create more value for shareholders. It was exciting because a lot of investors were not focusing on BHP’s smaller assets and it was very widely speculated in the news. What was your most exciting experience at university? It was actually doing my internship at UBS! Although I spent many hours at university going to lectures and classes, I finally knew what I wanted to do with my career when I completed my internship. I connected with a lot of experienced and talented analysts who held a genuine interest in me, and I believe this ultimately helped me find a graduate job and eventually come back to UBS. I also became friends with many like-minded people who are driven, ambitious and intelligent. In fact, they are some of my closest friends today after 4 years. Most of all, the internship helped me define my career goals, and it helped me set out my career path and understand what I want to aim for.

What do you think are some of the common misconceptions in your field? One major misconception is that it is quite a ruthless industry, however this is far from the case, especially at UBS. The ReCap 2015 Issue 1 | Page 15


Exclusive Interview with Emily Gaedtke Emily Gaedtke Associate, FX Spot Trading (Financial Markets) Bachelor of Mathematics and Bachelor of Business (Finance) Queensland University of Technology What do you think of when you hear the word collaboration? I think of a group of people with a shared interest coming together to work towards a common goal. What was the most exciting experience in your university life? My fourth and final year of university was probably the most exciting time but also the most hectic time, while I was trying to remain focused on my studies and achieve good results while also trying to get a graduate role and plan an overseas trip. That year is a blur! What is the best part about your role? The best part of trading Foreign Exchange is that every day is different. There is always an upcoming economic event that will move the markets. My inner maths-nerd gets a kick out of looking at various charts and technical trading signals all day, and there is so much information available. Another great part of working in Foreign Exchange is that so many factors influence exchange rates so I am always learning about a multitude of economic factors that I otherwise wouldn’t have thought to consider. Something that I also enjoy is the atmosphere of the dealing room; it is dynamic, noisy and exciting and I can’t imagine working anywhere else!

Are there any misconceptions about your field or position? I think that trading and working in the dealing room has always been viewed as being male-dominated and while that was true in the past, the dealing room at Westpac has a large number of females and there are equal opportunities no matter what your gender. A common misconception in many fields is that graduates are regarded as the bottom of the food chain and will spend the majority of their time getting coffees and shredding paper. This is far from the truth at Westpac; graduates are highly valued and given real responsibilities from day one. What is exciting in your field at the moment? Foreign Exchange markets have been extremely interesting and quite volatile lately, following on from events like the Swiss National Bank scrapping their currency peg and the Bank of Canada cutting interest rates. Every day is exciting here! Increasing technology changes are also exciting because you need to be flexible and able to adapt to new capabilities. What has been an interesting project you have worked on? Before I began in my current role I was a part of the Westpac Graduate Program so I was able to rotate through many different teams and work on several different projects. A particularly interesting project that I assisted with was in creating a model that could help clients create and adapt their strategy for hedging interest rate risk based on several ‘triggers’ in swap rates.

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Exclusive Interview with Kate Langford Kate Langford General Manager Multi Option Retail Woolworths Supermarkets Bachelor of Economics and Science

What is your background? I have had a rich career with Woolworths Limited starting in 2011 as Managing Director of Cellarmaster Wines when Woolworths acquired the business. Since 2011, I’ve had a number of roles throughout Woolworths Limited group and now my current role of General Manager Multi Option Retail, Woolworths Supermarkets, is responsible for the development and execution of the online and digital strategy. What was the most exciting experience in your university life? Opening my eyes to possibilities; stepping outside my comfort zone and meeting some great people plus giving me the courage to set off on a journey - which at the time was just a sketch in my mind! Are there any misconceptions about your field or position? That start-ups are the only innovators. And that innovation is a big idea. Woolworths was built on a base of entrepreneurial flair - the first store of it's kind, by its founder, Percy Christmas. And we are constantly developing new and innovative ways to improve the way we serve our customers and operate our business.

What has been an interesting project you have worked on? In June 2014 we opened Australia's first dedicated online store. A store without walk in customers that was purpose built for the online business. Our dedicated project team, brought together the skills from across the business to design the store; build the processes; select the range and recruit the team to personally pick the orders for our customers. We continue to learn and refine the model and we are now planning the next dedicated online stores. What are some of the challenging aspects of the business environment and how have you overcome, adapted to, or dealt with these challenges? We are operating in a competitive environment and a changing retail landscape. Moving smart and fast and planning well is key. Adopting an agile way of working and delivering iterative improvements is key to meeting and exceeding customer expectations. Why take a professional career in retail? The opportunities are endless. I have really only worked for two companies - both in retail. And yet I have worked internationally, lead small teams, big teams and organisations, taken on IT integration roles; managed a contact centre as well as a sales and marketing team. My advice is to take advantage of opportunities; be prepared to roll up your sleeves; be open minded to the first roles that come your way and connect with creative thinkers. The Woolworths Graduate Program is an ideal platform to launch a career, as we provide real responsibility early.

What is exciting in your field at the moment? The growth in online and the technology advancements that will make connecting the traditional bricks & mortar world with the virtual world seamless for our shoppers.

The ReCap 2015 Issue 1 | Page 17


Capital W Calendar Semester One Events Week 2 International Women’s Day Breakfast Week 3 First Year Social, Subcommittee applications open Week 5 Industry Knowledge Workshop Week 6 Internship Applications Workshop Week 4 – 13 Sponsor In-house Events July 8 Annual Dinner at Doltone House, Hyde Park Please note that specific dates and times will be confirmed closer to the events. We will give notice of this in the fortnightly e-newsletter and place the details on our website and Facebook page. Sponsor events will also be held throughout the semester.

NB: An updated version of the Recruitment Calendar and Capital W Events will be available on the Capital W website in the near future. Many recruitment deadlines remain TBC and will be updated as more information is obtained.

Recruitment Calendar Graduate Deadlines

Summer Internship Deadlines

Open: 1 March

Open: 1 March

Close: 16 April, 12pm

Close: 23 July, 12 pm

Citi

Close: 16 April, 12pm

Close: 23 July, 12 pm

Credit Suisse

NA

Winter Internship Close: 5 May, 12 pm (Sydney and Melbourne)

Bank of America Merrill Lynch

Summer Internship Close: 23 July, 12 pm (Sydney) | 2 July, 12pm (Melbourne) Commonwealth Bank

Close: 27 March, 5pm

TBC

Deutsche Bank

Close: 16 April, 12pm

Close: 23 July, 12 pm (Sydney) | 2 July, 12pm (Melbourne)

Ernst and Young

TBC

TBC

Goldman Sachs

Close: 16 April, 12pm

Open: 1 May Close: 23 July, 12 pm (Sydney and Perth) | 2 July, 12pm (Melbourne)

Macquarie Group

Close: 16 April, 12pm

Open: 1 May Close: 23 July, 12 pm (Brisbane, Sydney and Perth) | 2 July, 12pm (Melbourne)

Morgan Stanley

Close: 16 April, 12pm

Close: 23 July, 12 pm

UBS

Close: 16 April, 12pm

Close: 23 July, 12 pm (Sydney and Perth) | 2 July, 12pm (Melbourne)

Westpac Institutional Bank

Early April (TBC)

August (TBC)

Woolworths

Close: 29 March

NA

Special Opportunities (Scholarships, Programs and Cadetships) Citi

Women in Banking Scholarship Close: 8 May

Credit Suisse

Women's Scholarship Close: 29 May, 12pm

Deutsche Bank

Aspiring Talent Program TBC

Macquarie

Macquarie Capital Innovative Student Award Close: 27 April

The ReCap 2015 Issue 1 | Page 18


International Women's Day Networking Event Capital and NOW invite you to join them in collaborating for International Women's business Day Friday 13th March at the Museum of Contemporary Art 8am-10am Breakfast Business attire Register at: tinyurl.com/capwnow

The ReCap 2015 Issue 1 | Page 19

Profile for Capital W

The ReCap Venturing Beyond Edition 2015 No. 1  

The ReCap Venturing Beyond Edition 2015 No. 1  

Profile for capitalw
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