The HSBA Finance Conference takes place on an annual basis and deals with current topics from the financial industry. What makes the conference special is that it is organised by the HSBA students. The team always consists of young and motivated people from all study courses of the university.
The Finance Conference provides an ideal platform for the exchange of ideas and concepts to the students of the HSBA as well as to those interested in the financial sector and companies involved. The financial sector is experiencing a time of upheaval and high margins due to the low interest rate phase, as well as increased regulation requirements by the legislature, but also the increasing pressure on innovation are a major challenge for many companies.
With the Finance Conference, we would like to highlight these challenges and present innovative solutions. The necessity for innovation is mainly due to the technical possibilities of digitalisation. Numerous other industries have already shown that digitalisation not only places new technological demands on companies, but in particular also requires new business models and can eradicate traditional business models in the shortest possible time. Technologies and business models of start-ups already give first indications of a possible future development. This creates challenges and opportunities for established companies with their existing business models. The exchange between start-ups and established companies is currently of particular importance to us.
We look forward to the upcoming topics and to the VII. Finance Conference! It will take place on 01 November 2017.
With this year's Finance Conference, HSBA Hamburg School of Business Administration held its 9th specialist conference on current issues in the financial sector under the direction of Prof. Dr. Philipp E. Zaeh. Growth capital is only insufficiently available in Germany. This year the focus of the event was therefore on the topic of the "Hamburg Innovation Growth Fund (HIWF)". Current issues relating to the newly established venture capital (VC) fund were discussed.
After a welcoming address by Dr. Uve Samuels, Managing Director of HSBA, and a greeting by Dr. Joachim Seeler, Member of the Executive Board of Finanzplatz Hamburg e.V. and Member of the State Executive of Hamburg's SPD, Senator Dr. Andreas Dressel, Senator of the Free and Hanseatic City of Hamburg, was able to clearly illustrate the comprehensive support measures of the city state in the area of venture capital investments. He referred in particular to the "anchor investment" of the City of Hamburg in the new Innovation Growth Fund (HIWF), which will significantly facilitate the development and fundraising. He also referred to the broad availability and access to start-up and growth capital in Hamburg.
In the contribution by Matthias Grychta, Managing Partner of Neuhaus Partners GmbH, the perspectives and critical success factors of the Hamburg Innovation Growth Fund (HIWF) as well as the status quo and current challenges in fundraising of the fund were discussed. The focus was on the question of which investment strategy the newly founded VC fund should pursue. Here it emerged that the fund is positioned in the area of follow-up financing (Series A), which currently has little capital. The investment strategy also focuses primarily on "software".
In the concluding panel discussion, moderated by Prof. Dr. Philipp E., the investment strategy will be focused primarily on the area of software. During the panel discussion, Zaeh's speakers had the opportunity to deepen and intensify the discussion of the above issues. After the closing remarks, also by Prof. Dr. Philipp E. Zaeh, the conference participants could discuss the issues in more detail during a get-together with all guests.
The HSBA Finance Conference has taken place for the eighth time on 6 June 2018 - a symposium on topical issues in the financial sector under the direction of Prof. Dr. med. Philipp E. Zaeh, Head of Finance & Accounting at HSBA. This year, the topic "FinTechs - Current Developments in Europe" took centre stage. FinTechs were highlighted as innovation drivers and current trends in banks were examined.
After a welcome by Dr. Uve Samuels, Managing Director of HSBA, Heiko Milde, Managing Director of Innovationsstarter Fonds Hamburg GmbH, spoke about the current financing situation of FinTech companies in Germany and pointed out that they are still a key segment for venture capital (VC) investors. It is noteworthy that VC investments in FinTech companies in Germany has increased significantly in recent years. Overall, however, FinTechs in Germany still play a subordinate role in terms of their market volume and in terms of income.
In the presentation by Daniel Maier, Founder of investify S.A. Luxembourg, the "Perspectives of FinTechs in Europe from the Perspective of a Founder and Entrepreneur" were discussed. The focus was on the question which strategies should be pursued by FinTechs. Here it became clear that the vast majority of FinTechs are banking on a cooperative approach with banks. Furthermore, automated asset investment strategies (RoboAdvisory) will become increasingly important in the future. The question was also discussed as to where the future development potential in the area of RoboAdvisory including artificial intelligence lies.
In his presentation titled "Will there be a Hostile Take-over of Banks by FinTechs?" Peter Scholz, Professor for Banking and Financial Markets, HSBA, discussed risks for banks and insurance companies against the background of the increasing market penetration of FinTechs. Prof. Dr. Scholz also underlined the view that FinTechs predominantly choose a cooperative approach with regard to banks. In particular, however, the role of major US technology companies, such as Apple, Amazon, Facebook and Google, could pose a major threat to the current business models of banks and insurance companies in the future.
The concluding panel discussion under the moderation of Prof. Dr. Philipp E. Zaeh gave speakers and participants the opportunity to deepen and intensify the above-mentioned questions. After some concluding words, also by Prof. Dr. Philipp E. Zaeh, the participants were able to round off the evening with cool drinks and further professional talks during a get-together.
On 1 November 2017, the 7th Finance Conference took place. This year, it was all about start-up financing again. The issue of corporate venturing inevitably raises the question of how the different forms of venture capital financing in Germany, Europe and the USA should be valued. In Germany in particular, the financing of young technology companies is increasingly dominated by strategic partners (corporate venturing) and less by traditional financial investors. The aim of the conference was a root cause analysis.
Patron of the event was Dr. Harald Vogelsang, Chief Executive Officer of the Financial Center Hamburg e.V. Heiko Milde, Managing Director of the Innovationstarter Fonds Hamburg GmbH, first gave a lecture on the current orientation of VC financing in Germany. This was followed by Jan Brorhilker, partner of the Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, who showed the opportunities arising from Corporate Venturing. Last but not least, Dr. John Lange, Managing Director of Axel Springer Digital GmbH & Emrah Basic, Axel Springer Plug & Play Accelerator, gave an insight into their experiences.
Afterwards, the topic "Future Perspectives of Corporate Venturing" a panel discussion took place which was moderated by Professor Zaeh.
We would like to thank our guests for the success of the VII. HSBA Finance Conference:
We would also like to thank all sponsors and guests of the VII. HSBA Finance Conference for their participation and a successful event!
On 31 May 2016, the Finance Conference was held for the sixth time. This year the topic "Banking of the Future" was dealt with. Fintech's as innovative engines and current trends were examined. What is the banking model of the future? Is the banking industry prepared for fintechs? What can the banks do to defend their position?
In addition, the opportunities and risks for traditional banks were discussed. Are fintechs a one day wonder or a real risk to banks? What is the impact of this trend?
Patron of the conference was Dr. Joachim Seeler, speaker of the SPD-Bürgerschaftsförderung for the areas industry, port, trade, crafts and finance as well as a board member in the Finanzplatzinitiative Hamburg e.V.. Peter Barkow gave an insight into the history, development and status quo in the market of fintechs. Andreas Mansfeld, Head of Corporate Finance at Hamburger Sparkasse AG, followed up with a lecture on the topic "Friend or Foe - New Opportunities for Traditional Banking". Two start-ups then gave an insight into their experience: Lars Markull from figo with the topic "Opening Up New Business Fields" and Garry Krugljakow from Cookies Labs on "Attack on the Banks?".
Subsequently, the theme "Future Perspectives of Fintechs - Disruptive or Cooperative?" In a panel discussion moderated by Prof. Dr. Philipp Zaeh once again illuminated from all sides.
For the success of VI. HSBA Finance Conference we thank our guests:
We would like to thank all sponsors and guests of the VI. HSBA Finance Conference for their participation.
In 2015, the financing possibilities of companies were examined and the growing trend of crowdfunding as an alternative to classical forms of financing was investigated. What are the limits of the still deregulated crowdfunding? Which macroeconomic effects are to be expected from this trend and could regulation be helpful? How can I use this funding source for my entrepreneurial projects?
"Crowdfunding as a Growth Driver?": This was the subject of the V. HSBA Finance Conference, which took place in the Albert-Schäfer-Saal of the Chamber of Commerce on 26 May 2015. This time the conference was held under the patronage of Senator a.D. Ian K. Karan. After the greeting from Dr. Uve Samuels (CEO, HSBA), a lecture followed by Jan-Menko Grummer (Head of Assurance North-East Germany-Ernst & Young) with the title "The Mass Makes it - Crowdfunding as a Financing Alternative" followed by a second lecture by Peter Barkow (Founder and Managing Director- Barkow Consulting GmbH) on "Crowdfunding- Is that it Already?". The third lecture by Ali Jelveh (Chief Revolutionary Officer & Founder Protonet GmbH) and Dr. Guido Sandler (CEO - Bergfürstbank AG) dealt with crowdfunding in practice.
In the following, the participants of the panel discussion asked: "One Day Wonder or a Long Lasting Trend?" and discussed the possible solutions. Prof. Dr. Philipp E. Zaeh, Head of the Department Finance & Accounting at HSBA, took over the moderation in the panel discussion and gave a conclusion and an outlook of the future.
For the success of the V. HSBA Finance Conference we would like to thank our guests:
We would also like to thank all the sponsors and guests of the V. HSBA Finance Conference for their participation and a successful event.
Trust may be good but control is always better - or is it reversed? This question marks the coexistence between banks and companies today more than ever. Despite the fact that most German companies barely still feel any repercussions of the financial crisis and the economy is recovering, confidence in banks, especially by small and medium-sized companies, remains severely damaged. What are the reasons for this reluctance to invest in growth? Why do companies increasingly hoard liquidity? What are the reasons for the ongoing loss of trust and which alternatives for the sustainable use of liquidity can banks offer to companies and investors in the current low-interest phase?
"Liquidity vs. Trust - Strategic Company Orientation in Times of a Low-Interest Policy": This was the topic of the fourth HSBA Finance Conference, which took place in the Albert-Schäfer-Saal of the Chamber of Commerce on 26 February 2014. The IV HSBA Finance Conference approached the conflict between liquidity and trust on two sides by seeking out the background and solutions for companies and banks.
This time, the Finance Conference was held under the auspices of Dr. Karl-Joachim Dreyer, former President of the Chamber of Commerce of Hamburg and Chairman of the Supervisory Board of Hamburger Sparkasse AG. Jens Gerke (Executive Director, Transaction Advisory Services of Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft) spoke on the topic "Paths to Growth and Financing Behaviour in Small German Businesses", followed by a presentation by Markus Rammes (Market Area Manager, Corporate Clients Hamburg-Adolphsplatz, Deutsche Bank PGK AG), who explained the thesis "Back to the Trusting Partnership".
In the following, the participants of the panel discussion asked: "An Old Flame Never Dies?" and discussed the possible solutions. Prof. Dr. Philipp E. Zaeh, Head of Department Finance & Accounting, HSBA, gave a conclusive conclusion and an outlook on the future.
For the success of the IV HSBA Finance Conference we would like to thank our guests:
We would also like to thank all the sponsors and guests of the IV. HSBA Finance Conference for their participation and a successful event.
Talking is silver, silence is gold, or is it the other way round? In the world of finance, precisely this question can be of decisive importance. How much transparency is useful? Which communication tools are appropriate for the situation? What legal framework and publicity requirements must be observed?
The III Finance Conference took place on 27 February 2013 and devoted itself entirely to the multifaceted topic of financial communication. This ranges from consultations with the house bank to the issue prospectus on the stock exchange. Accordingly, it is important for companies to consider different stakeholders. In addition to equity and borrowers, analysts, credit bureaus and the public also play a role that should not be underestimated. The right approach to these stakeholders is also the topic of the conference, as are legal developments and trends such as Integrated Reporting or Sustainability Reporting.
The topic "Success Factor Financial Communication - from Annual Reporting to Target Group Management" motivated high-ranking representatives of Hamburg's industry to critically reflect their experiences and to discuss them. On the subject, high-calibre experts approached the participants' questions and gave new ideas on the future and growth of a company. In conclusion, a panel discussion on the topic of "Coexistence or Conflict - Financial Communication Today" took place under the chairmanship of Peter Köhler (team leader of banks, editorial finance and stock exchanges, Handelsblatt GmbH), during which the invited experts exchanged their positions.
For the success of the III. HSBA Finance Conference, we would like to thank our guests:
We would also like to thank all the sponsors and guests of the III. HSBA Finance Conference for their participation and a successful event.
Following the success of the 1st HSBA Finance Conference, the 2nd HSBA Finance Conference took place in the Chamber of Commerce of Hamburg on 29 February 2012 with the topic "Financing Alternatives for SMEs - Bonds & Co.".
The II. HSBA Finance Conference was opened by its patron Adelheid Sailer-Schuster (Deutsche Bundesbank, President of the Central Administration in Hamburg, Mecklenburg-Vorpommern and Schleswig-Holstein) with a greeting on the topic "Financial Market Crisis and SMEs: Current Developments and Challenges".
This was followed by a presentation by Uwe Borges, Chairman of the Management Board of Commerzbank AG Hamburg on "Balance Sheet Relief under Basel III: SME bonds - A New Market Segment with Weight?". Subsequently, Jan-Menko Grummer (Partner, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft) spoke about the move to the capital market and the conditions for medium-sized companies.
This was followed by a presentation by Dr. Thomas Ledermann (Member of the Management Board, BÖAG Börsen AG) on "Mittelstandsbörse Deutschland - Financing Path for SMEs". The following programme point also followed the tradition of the previous year: The panel discussion. This year focusing on the question "Does the Medium-Sized Market Need Financing?".
For the success of the II. HSBA Finance Conference we would like to thank our guests:
We would also like to thank all sponsors and guests of the II. HSBA Finance Conference for their participation and a successful event.
The Basel III regulations essentially require the banks to invest a significantly higher equity of their credit arrangements. What impact do these new arrangements have on corporate financing? Is debt capital a scarce commodity?
The I. HSBA Finance Conference took place on 7 February 2011 on the topic "The Future of Corporate Financing According to Basel III". The focus of the event was on the financing structures of the economy in Germany, which are particularly affected by Basel III. In Germany in particular, the debt financing ratio is comparatively high and mainly bank loans are different in Germany, unlike in Anglo-Saxon countries. If Germany is to maintain its position as a leading exporting country in the face of a growing global economy, companies are still dependent on foreign resources. But how can they be procured in the case of limited lending practices? What alternative forms of financing will be available in Germany in the future and what do companies have to do in order to open up new sources of financing?
After the greetings from Dr. Uve Samuels, the Managing Director of HSBA, the participants were introduced to the topic by the first speaker Prof. Dr. Henning Vöpel (Senior Economist, HWWI). In particular, the effects of regulatory measures on overall economic development were described. Other speakers included Karin Sagner-Kaiser (Director, Deutsche Bundesbank), who explained "the consequences of Basel III for corporate finance", as well as Frank Brockmann (CEO of the company, Hamburger Sparkasse), reporting on the rising financing requirements for companies and companies.
In conclusion, a panel discussion took place on the topic, which was moderated by Prof. Dr. Jens-Eric von Düsterlho, at that time Head of the Department Finance & Accounting at HSBA. For example, Andreas Bartmann (Managing Director, Globetrotter Ausrüstung GmbH) or Sven-Olaf Leitz (Partner Audit, KMPG) gave a deeper insight into the topic of financing concepts 2.0 and how companies finance without banks.
The I. HSBA Finance Conference was a great success and laid a good foundation for subsequent events.
For the success of the I. HSBA Finance Conference we would like to thank our guests:
We would also like to thank all sponsors and guests of the I. HSBA Finance Conference for their participation and a successful event.