In recent years, the acceleration of digital transformation has seen the financial services industry undergoing massive changes. Coupled with the COVID-19 pandemic and financial crisis, financial institutions are capitalizing on opportunities to innovate while also grappling with issues like climate change and the significant long-term risks posed for banks and the financial system. What are some of the key trends, innovation, and priorities in banking? How can Georgetown students better prepare and position themselves for internships and careers in this industry?
The Global Engagement Committee of the Georgetown University Board of Regents convened industry leaders for a conversation with students and alumni about these critical questions. Maria Hackley, the global co-head of industrials at Citigroup Inc, Elizabeth McCaul, member of the Supervisory Board of the European Central Bank, and Paul Horvath, CEO of Orchard Global Asset Management, held an insightful discussion of industry trends and career paths in an era of uncertainty. The discussion was moderated by Phillip Fletcher, an ex-banking partner and attorney at Milbank LLP.
The webinar series is sponsored by the Office of the Vice President for Global Engagement in collaboration with the Office of the Provost.
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Maria Hackley is the global co-head of Industrials Group within Citi’s Banking, Capital Markets and Advisory since 2016. She manages an origination team focused on developing global relationships with industrial clients, particularly related to corporate finance transactions. She is Citi’s team captain for Georgetown University undergraduate recruiting and is actively involved in Citi Women’s retention, development, and promotion initiatives. In 2020, American Banker named Hackley as one of the 25 most powerful women in finance. She previously served on the Georgetown University Board of Regents.
Elizabeth McCaul is a member of the Supervisory Board of the Single Supervisory Mechanism at the European Central Bank, which oversees the euro zone’s 114 largest banks. Prior to joining the board, she founded Promontory Financial Group, a consultancy firm in Washington, DC, which was later sold to IBM. McCaul was previously the superintendent of banks for New York State, a position she took after working for Goldman Sachs for 10 years. McCaul is on the Georgetown University Board of Regents.
Paul Horvath is the chief executive officer for Orchard Global Capital Group. Prior to co-founding the firm, Horvath was global head of Synthetic Credit Origination, Structuring and Distribution at Merrill Lynch from 2005 to 2008. Previously, Horvath was the global co-head of Structured Credit Distribution at JPMorgan, where he helped to grow the nascent credit derivatives market. Horvath is on the Georgetown University Board of Regents.
Phillip Fletcher (moderator) was a partner in the international law firm Milbank LLP. He served as the managing partner of the firm’s London office and as the practice group leader of the firm’s Global Project Finance Group. He advised banks and other lenders on large-scale energy, oil and gas, and infrastructure projects across Europe, Asia, Africa, and the Middle East. Fletcher is on the Georgetown University Board of Regents.