1. ORIGINAL THINKING APPLIED Alumni Association MBS Spain When May 13th, 2009 20:00 hours. Duration : 1 hour Where CUNEF- COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS Salón de actos C/ Serrano Anguita, 9 28004 Madrid Contact Javier Martín Javier.martin@credimatica.com Please register for the event at Registration form Registration form REINVENTED BANKS, SHAREHOLDER VALUE AND THE SOLUTIONS TO THE BANKING CRISIS Ismail Ertürk. Senior Lecturer in Banking. Manchester Business School The current crisis has its roots in banking that has reinvented itself over the last two decades in the core developed countries, especially in the USA. Now the major task of Governments and banking authorities in the USA, UK and in some European countries is how to get banks back into their financial intermediary roles to support productive investments and international trade. MBS Alumni Asociation in Spain proudly invites you to join this international “Original Thinking Applied” session, featuring one of the most acclaimed researchers in banking : our guest Ismail Ertürk. Ismail will discuss how governments and banking authorities should re-structure banking by a thorough analysis of existing business models in banking that led to the crisis. We need more transparency in the business models of the banks and this involves a separation of retail and investment banking as well as separation of customer-focused investment banking activities from proprietary trading activities. Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York University and having worked in Istanbul at an investment bank as assistant treasurer. His responsibilities at Manchester Business School include teaching banking, finance and international financial risk management on the MBA Programmes and Executive Centre courses. He is Director of several banking programmes at the Executive Centre, including Lloyds-TSB Bank, NatWest Bank and World Bank. FULL CVCVRESEARCHPUBLICATIONSPRESS & MEDIA HOW TO ARRIVE TO CUNEFTOCUNEF Sponsored by

2. ORIGINAL THINKING APPLIED Alumni Association MBS Spain Ismail Ertürk Senior Lecturer in Banking, Manchester Business School Ismail Ertürk joined Manchester Business School in 1987 after having completed his post-graduate studies at New York University and having worked in Istanbul at an investment bank as assistant treasurer. His responsibilities at Manchester Business School include teaching banking, finance and international financial risk management on the MBA Programmes and Executive Centre courses. He has also acted as Course Director of several banking programmes at the Executive Centre, including Lloyds-TSB Bank, NatWest Bank and World Bank. He designed and directed the first part-time MBA programme at Bilgi University, Istanbul He held visiting positions in Strategic Finance at Stockholm School of Economics, St Petersburg and at Bilgi University in Istanbul. He holds a visiting post in corporate finance at ESCP-EAP, Paris. Between 1994 and 2000 he taught bank financial management for IBM International Education Centre in Belgium. He has taught value-based finance and project finance on the executive programmes for British Telecom, World Academy of Sport, Royal Mail-UK, UCB-Belgium, Thales- France, Toronto Dominion- Canada, PwC New York, KPMG Europe and has taught bank risk management to managers from Lloyds-TSB. NatWest Bank, Standard Bank, South Africa. He has also worked in a consultancy capacity for the U.K. Department of Trade and Industry, U.K. Customs and Excise on the subject of credit risk, the Central Bank of Turkey on the subject of bank profitability, UCB of Belgium on introducing value-based financial management, and Replus of London on developing private equity business in emerging economies. He is currently consultant to the Metropolitan Municipality of Istanbul, the European Capital of Culture 2010, on cultural and creative industries. He researched banking in the EU under a 5-year EU funded programme ESEMK between 2002-2007. Currently he is involved in research on Cultural Economy and Cultural Industries under ESRC funded CRESC (Centre for Research on Economic and Social Change), the University of Manchester. FULL CV

3. ORIGINAL THINKING APPLIED Alumni Association MBS Spain His current research interests are cultural economy, financial innovation, banking, financialization, corporate governance, executive pay. He has given numerous conference presentations internationally and recently appeared on many international TV programmes, radio and print media on the financial and economic crisis, including BBC North West, Bloomberg Asia TV, CNN Turkey, The Moscow News, BBC Radio 4 etc. RESEARCH His recent publications include: Financialization: Key Texts and Analysis, Routledge: London 2008, (with J. Froud, S Johal, A. Leaver and K. Williams) “Banks as Continuous Reinvention”, New Political Economy, Vol. 12, 3, 2007, (with S. Solari) “The Democratisation of Finance? Promises, Outcomes and Conditions”, Review of International Political Economy, Vol. 14, 4, 2007, (with J. Froud, S Johal, A. Leaver and K. Williams) "Corporate governance and disappointment", Review of International Political Economy, Vol. 11, 4, 2004, (with J. Froud, S. Johal and K. Williams) "Governance or financialisation: the Turkish case", Competition and Change, Vol. 7, 4, 2003 PUBLICATIONS

4. ORIGINAL THINKING APPLIED Alumni Association MBS Spain PRESS & MEDIA http://www.guardian.co.uk/business/2009/mar/15/banking-financial- services-economy-reform Simon CaulkinSimon Caulkin, The Observer, Sunday 15 March 2009The Observer “Erturk's conclusion is stark and far-reaching. As long as shareholder value prevails, some kind of defensive separation of trading from basic banking functions is essential.”

5. UNDERGROUND LINES: L1 - L4 - L10 - Bilbao - A. Martínez - Tribunal BUS LINES: 3, 5, 7, 14, 21, 27, 37, 40, 45, 53, 147, 149 ORIGINAL THINKING APPLIED Alumni Association MBS Spain HOW TO ARRIVE TO CUNEF