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Italy 2020:
Inspiring Italian
FutureXI Annual NOVA Conference
New York, November 19-21, 2010
PRELIMINARY
Content
1
Introduction to NOVA association
XI Nova Conference
Contacts
Introduction to NOVA
2
Established in the Spring of 2000, NOVA is a non profit association comprising more than
900 Italian students and alumni from top US MBA programs
NOVA has the objective to encourage Italian students to:
Participate in leading international MBA programs
Contribute to the international success of Italy
Create a strong, highly valuable professional network
Key activities of NOVA
3
NOVA Conference: every year NOVA organizes a conference which
hosts some of the key representatives of the Italian and international
business community. The conference represents a unique opportunity
for Italian MBA students and alumni to meet and discuss opportunities
and challenges for Italy within the global economy
NOVA Corporate relationships: NOVA actively engages with major
Italian and international corporations to help them liaise with and
attract Italian MBA students and alumni
NOVA recruiting task force: supporting NOVA alumni and current
MBA students in job search
Alumni chapters: NOVA alumni chapters in Milan, Rome, London and
New York regularly organize informal gatherings and speaker series,
targeted at both NOVA members and the broader Italian business
community
NOVA admission team: supported by several alumni, the admission
team aims to encourage, mentor and support those applying to
business schools
Annual NOVA conferences
4
2008 •Columbia/NYU •R. Abravanel, G. Galateri, F. Napolitano
2006 •Stanford •R. Crea, G. De Luca, P. Romer, E. Schmidt
2005 •Harvard/MIT •A. Alesina, F. Conti, F. Giavazzi
2004 •Columbia/NYU •A.Damodaran, M. Draghi, L. Stanca
2003 •Chicago/Kellogg/Wharton •F. Beccalli, M. Sella, P. Timoni, L. Zingales
2007 •Columbia/NYU •M. Arpe, C. Buora, R. Crapelli, L. Stanca
2002 •Harvard/MIT •M. Baldassarri, G. Braggiotti, F. Modigliani
Hosting School Keynote speakers
2009 •Harvard/MIT •G. Cuneo, M. d’Amore, N. Pianon, F. Sattin,
B. Severgnini
2001 •Columbia/NYU •F. Modigliani, P. Scaroni, J. Stiglitz
Past conference and corporate
partners
5
Content
6
Introduction to NOVA association
XI Nova Conference
Contacts
XI NOVA conference in NYC
7
NE
TW
OR
KIN
G • Two days that will connect Italian MBA students from all over the US with successful leaders from a variety of fields, in the unique setting offered by New York
DIS
CU
SS
ION • More than 20 business leaders that will discuss their views on the future of Italy and the trends that will be affecting our growth in the medium-long run
CA
RE
ER • A series of
company presentations and the special opportunity to take part to the recruiting process of top Italian and International companies
Concept, objectives and structure
8
• Discuss how Italy will evolve in the medium term to 2020 and which main trends will be affecting our growth
Concept
• Provide a series of insightful discussions on how leaders with different backgrounds view our future
• Give to current MBA students actionable lessons on how to successfully take leading roles in shaping this future
Objectives
• A welcome speech by S.E. the Italian Ambassador in the USA
• A lecture on the main global trends which will affect Italy in the medium term
• Five panels which will discuss the main opportunities for Italy along the following dimensions: internal growth, financial markets, distinctiveness of Italian ideas and products, international diversification, M&A and private equity
• A final keynote speaker gathering the lessons learned during the conference
Structure
Topics and speakers
9
Growth in Italy
(Panel 1)
New Financial
Normal (Panel 2)
Thought in Italy
(Panel 3)
Int. diversification
(Panel 4)
M&A and Private
Equity (Panel 5)
The big picture
(Keynote Speaker)
Closing remarks
(Keynote Speaker)
Description Speakers
CO
LU
MB
IA B
US
INE
SS
SC
HO
OL
NY
U S
TE
RN
D. Siniscalco (Morgan Stanley and
former Minister of Economy)
V. Massiah (UBI Banca)
M. Mucchetti (Corriere della Sera)
N. Roubini (NYU Professor)
S. Versace (Versace)
A. Branchini (Altagamma)
G. Riotta (Il Sole 24 ore)
P. Borzatta (European House Ambrosetti)
C. Costamagna (CC e soci)
L. Pelliccioli (DeAgostini)
G. Tondato (Autogrill)
M. Dallocchio (Bocconi Professor)
L. De Vecchi (Credit Suisse)
C. Sposito (Clessidra)
Understand whether Italian companies
are well positioned to look for
sustainable growth in foreign countries
Understand possible future scenarios in
the corporate M&A
Discuss the future changes which could
affect the private equity sector
Lesson learnt
Introduction -Main global trends which
will affect Italy in the medium term
Analyze root causes of low economic
growth in Italy and discuss the key
levers order to foster the expansion in
the long term
Discuss how financial turmoil has hurt
Italian financial system and whether
capital markets are a potential engine to
generate sustainable growth in Italy
Propose a provocative and critic view on
the long-celebrated concept of “Made in
Italy”, understanding the peculiarities of
the “Italian way of doing things”
F. Starace (Enel Green Power)
S. Proverbio (McKinsey & Co.)
M.Vitale (FIDPMI)
P. Signorini (DIPE)
M.C. Carrozza (Scuola Superiore Sant’Anna)
Honor guest and keynote speakers
10
S.E. Giulio Terzi di Santagata
Italian Ambassador in the USA
Domenico Siniscalco
Vice Chairman of Morgan Stanley
Europe and Italy country head,
Former Italian Minister of Economy
Welcome speech to the
participant students
An introductory lecture on the
main global trends which will
affect Italy in the medium term
@ Columbia Business School
Day 1
Saturday, November 20
9:30am
@ Consulate General of Italy
Welcome cocktail
Friday, November 19
7:30pm
Panel 1 – Growth in Italy
11
PANEL DESCRIPTION
KEY TAKE-AWAYS
SPEAKERS
In the last 10 years Italy has experienced
one of the lowest growth rate among
western countries; this panel aims to
analyze the root causes of this trend and
the key levers to revert it, in order to foster
the expansion of the Italian economy in
the long term. Labor market, private and
state investments, educational system,
productivity challenges, sustainable
technologies and energy policies will be
analyzed and discussed in this panel
Understand the key levers to turn around
Italy from a zero flat growth in the medium
term and define the economic
environment managers and entrepreneurs
will face in the following years
TO BE FINALIZED
Paolo Emilio Signorini
Dipartimento Interministeriale
Programmazione Economica (DIPE),
Managing Director
Stefano Proverbio
McKinsey, Director
Marco Vitale
Fondo di Investimento Piccole e
Medie Imprese, President
Maria Chiara Carrozza
Scuola Superiore Sant’Anna,
Director
Francesco Starace
Enel Green Power,
Chairman
Panel 2 – Financial New Normal
12
PANEL DESCRIPTION
KEY TAKE-AWAYS
SPEAKERS
The panel will start by discussing how the
recent financial turmoil has hurt the Italian
financial system and whether Italy can
look at international capital markets as a
potential engine to generate sustainable
growth. The panel will then focus on the
medium term evolution of capital markets
in terms of financial regulation, demand-
supply equilibrium and connection with
the global markets
Understand the role capital market can
play in boosting economic growth of
Italy in the medium term
Nouriel Roubini
New York University, Professor
Victor Massiah
Ubi Banca, CEO
Massimo Mucchetti
Corriere della Sera, Journalist
TO BE FINALIZED
Panel 3 – Thought in Italy
13
PANEL DESCRIPTION
KEY TAKE-AWAYS
SPEAKERS
This panel will propose a provocative and
critic view on the long-celebrated concept
of “Made in Italy”. As production of goods is
moving more and more to other countries,
ideas and unbeaten creative power has
saved our competitive advantage: is this the
era of the “Thought in Italy”?
Speakers will be challenged on their views
on what is unique about Italy and how to
possibly maintain it.
Understand the peculiarities of the “Italian
way of doing things” and discuss what kind
of opportunities will have future business
leaders in creating a new wave of growth
TO BE FINALIZED
Santo Versace
Gianni Versace, President and co-
CEO
Armando Branchini
Executive Director, Altagamma
Gianni Riotta
Sole24Ore, Editor in chief
Panel 4 – International Diversification
14
The discussion will deal with the main
differences between investing in Italy and
investing abroad. Speakers will share their
own experience in international
diversification and will touch upon the
opportunity for Italian companies to explore
new geographies. Available means to
enlarge companies’ operations beyond the
Italian borders will also be part of the
discussion (M&A vs. export vs. new
ventures)
PANEL DESCRIPTION
KEY TAKE-AWAYS
Given current Italian economic environment,
leading companies searching for sustainable
and profitable growth should see foreign
countries and new geographies as an
interesting opportunity
SPEAKERS
Lorenzo Pelliccioli
DeAgostini , CEO
Gianmario Tondato
Autogrill, CEO
Claudio Costamagna
Goldman Sachs, Former Head of
European IBK
TO BE FINALIZED
Paolo Borzatta
The European House-Ambrosetti,
Senior Principal
Panel 5 – M&A and Private Equity
15
PANEL DESCRIPTION
KEY TAKE-AWAYS
SPEAKERS
Maurizio Dallocchio
Bocconi University, Professor
Holder of the Nomura Chair of
Corporate Finance
The panel is intended to analyze the recent
evolution of the M&A market following the
recent economic turmoil. In particular,
speakers will share their views on the short
term outlook and the sustainable long term
trends in the Italian M&A activity, both from a
corporate and financial sponsor perspective.
The role of private equities and the
envisaged structural change of the industry
from pure financial engineering practice
towards active ownership of the portfolio
companies will be dealt in detail
PANEL DESCRIPTION
Understand possible future scenarios in the
corporate M&A
Discuss the future changes which could
affect the private equity sector
SPEAKERS
Claudio Sposito
Clessidra SGR, Chairman and CEO
Founder of leading Italian private
equity firm, Clessidra SGR
TO BE FINALIZED
Luigi De Vecchi
Credit Suisse, Managing Director
Co-Head of Global Investment
Banking Division
Conference Schedule
16
FRIDAY, NOVEMBER 19 SATURAY, NOVEMBER 20
@ Columbia Business School
SUNDAY, NOVEMBER 21
@ NYU Stern School of Business
Morning
Afternoon
Evening
08:45–09:15 | Welcome Coffee
09:15–09:30 | Conference opening
09:30–10:15 | Keynote Speaker 1
10:15–11:30 | Panel – Growth in Italy
11:30–11:45 | Coffee break
11.45–12:45 | Panel – Financial New
Normal
06:00–09:00 | Welcome
Cocktail
09:00–09:30 | Welcome Coffee
09:30–10.45 | Panel – International
Diversification
10:45–11:00 | Coffee break
11.00–12:15 | Panel - M&A and
Private Equity
12.15–12:45 | Closing remarks
12:45–02:00 | Lunch
02:00–05:00 | Recruiting
12.45–02:00 | Lunch
02:00–03:00 | Panel - Thought in Italy
03:00–05:00 | Company presentations
& Recruiting
03:00–08:00 | Tour of New York City
08:30–00:00 | Gala dinner
Content
17
Introduction to NOVA association
XI Nova Conference
Contacts
