Baruch College and Santander Shareholder Relations Announce Winners of the Stock Trading Competition
Student Competition Awards $3,000 in Prize Money
Winners of the Baruch College Stock Trading Competition with Professor Edward Malca and Judges from Santander
NEW YORK, NY- December 18, 2013 - Baruch College’s Zicklin School of Business is proud to announce the winners of the college’s first ever Stock Trading Competition, which was funded by Santander Shareholder Relations US, a global unit of Santander Group.
The winners are Thomas Tortorci, Tatsiana Vashkevic, Ansel Vallejo, Yevgeniya Venturina, Daniel Vicino, and Svetlana Vileshina. All are finance majors and from the class of 2014.
In September, Edward Malca, Professor of Economics and Finance, gave students a framing scenario to work with: to act as financial advisors to a family who inherited $10 million and make investments that will make the money grow over the course of 10+ years.
Malca divided 80 students into 13 portfolio management teams. Students had access to the resources of the Wasserman Trading Floor at Baruch College’s Subotnick Financial Center.
The top four student teams presented to a panel of judges from Santander who made the final decision during an award ceremony. The judges were: Mark Caccavo, Managing Director, Corporate Finance, Head of U.S. Corporate; J.C. Fernandez-Seoane, Managing Director, Fixed Income and Foreign Exchange; and Susana Moraleja, Director of Santander Shareholder Relations US.
“Santander values supporting higher education and Shareholder Relations is proud to support that value through this competition,” said Moraleja. “We were continuously amazed by the quality of students found at Baruch, and hope the program provided them with an opportunity outside of the ordinary.”
Each team’s portfolio was judged against set criteria, and the winning team was awarded a monetary prize of $3,000 from Santander Shareholder Relations.
Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial banking group with a presence in ten main markets. Santander is the largest bank in the euro zone by market capitalization. Founded in 1857, Santander had EUR 1.342 trillion in managed funds, 102 million customers, 14,680 branches - more than any other international bank - and 186,785 employees at the close of June, 2013. It is the largest financial group in Latin America and has significant positions in the United Kingdom, Spain, Portugal, Germany, Poland and the northeast United States. Santander was recognized in 2012 as Best Global Bank by Euromoney, ranked as a top Greenest Global Bank in 2013 by Bloomberg BusinessWeek and was named 2013 Sustainable Global Bank of the Year by the Financial Times. Santander's attributable profit rose 29% from a year-earlier to EUR 2,255 million in the first half of 2013. For more information about Santander, visit www.santanderusa.com.
About Baruch College:
Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 17,000 students, who represent 160 countries and speak more than 100 languages. Ranked among the top 15% of U.S. colleges and the No. 5 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.
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