On Friday, November 12, Dr. David Krause (AIM program director) and 10 AIM students will visit BMO Capital Markets in Chicago. The student visit to BMO will follow their equity presentations - dubbed the Chicago Road Show - which will begin at 11 am.
Dave Kucera |
The students will meet with Dave Kucera (MU '84), Managing Director / Head of US Securitization Group. The visit will include a short tour of the BMO trading floor. Steve McManaman, Managing Director in the interest rate derivatives group, and another Marquette alumnus, is helping to coordinate the tour.
BMO's Securitization Group creates liquidity for previously illiquid assets (auto loans, student loans, etc.) at a lower cost than most traditional financing instruments. Virtually any monetary asset with a contractual payment flow can be securitized. This allows capital to be raised by companies with contractually committed future cash flows, such as royalties or other non-executory contracts. BMO can, in turn, provide investors with almost any level of risk, from AAA to non-investment grade. Dave Kucera and his Chicago-based team publish a monthly securitization newsletter.
Dr. Krause said, "I enjoyed my visit to BMO before the October Circles event. It was a pleasure to sit down with Dave and talk about securitizations in the post-financial crisis era. I look forward to taking the Marquette finance students to BMO for a visit with Dave and his team when we are in Chicago this Friday."