Corporate treasury teams collectively execute hundreds of billions of dollars of share repurchase each year. However, the methods used to structure their repurchase programs have generally been unchanged for a long time. In this session, we will show how data and analytics can be used to optimize the structuring of a program. Through the use of backtesting, Monte Carlo simulations and scenario analyses, treasury teams can dramatically improve the structuring and execution of their programs (OMR, 10b5-1 or ASR). We will also discuss the flaws in current methods of assessing broker performance and provide a better framework for broker benchmarking.
Speaker: Vijay Culas
Co-Founder & CEO, Matthews South
Vijay founded Matthews South with a mission of leveraging technology to increase transparency in the capital markets, deliver powerful analytics and help clients have greater control over their capital markets transactions. Prior to founding Matthews South, Vijay was a Managing Director at Goldman Sachs and head of its Structured Equity Group and West Region Equity Capital Markets. During his 17 years at Goldman, Vijay was a member of the Technology, Investment Banking, Equity Capital Markets and Structured Equity groups. In 2011, Vijay relocated from New York to San Francisco to focus on advising west coast clients on capital structure and capital markets transactions. Vijay graduated from Harvard with an A.B. in Government.
Speaker: Kevin Castellano
Co-Founder & CFO, Matthews South
Prior to founding Matthews South, Kevin was a Vice President in the Structured Equity Group at Goldman Sachs. At Goldman, Kevin worked with clients to buy back stock and raise capital through equity-linked securities. In 2011, Kevin relocated to Goldman’s San Francisco office to focus on advising west coast clients. Kevin graduated from Wharton with a B.S. in Economics.
Speaker: Chip Gibbs
Client Advisor, Matthews South
Chip joined Matthews South in November 2018. Prior to joining Matthews South, Chip was a Managing Director at Bank of America Merrill Lynch for 16 years and was the head of the BAML’s Share Repurchase Desk responsible for advising U.S Corporates across all industries regarding open market repurchases, structured repurchases and capital structure. Chip graduated from St. Mary’s College with an B.A. in Business Administration with a focus in Economics.
Date: Tuesday, July 23, 2019
Time: 11:30am - 12:00pm Networking
12:00pm - 1:30pm Lunch, Presentation, and Discussion