PRESS RELEASE October 19, 2006
University of Western Ontario takes home the championship
of
Citigroup International Case Competition 2006
Hong Kong, October 19, 2006 - University of Western Ontario from Canada has
successfully competed against 16 other outstanding teams from leading business school around the world and become the winner of the Citigroup International Case Competition 2006 today. A team of four students from the University of Western Ontario took home the champion trophy. The three runners-up are Hong Kong University of Science and
Technology, McGill University, University of California at Berkeley.
Jointly organized by Citigroup and the Hong Kong University of Science and Technology’s School of Business and Management (HKUST Business School), and sponsored by Citigroup Foundation, the fourth Citigroup International Case Competition was held in Hong Kong from October 16-19, 2006. The competition attracted 17 teams from Canada, Hong Kong, Mainland China, Mexico, New Zealand, Singapore, Spain, Sweden, Thailand and the US to compete for the coveted championship.
The case company, Café de Coral Holdings Ltd, provided valuable information for the case and strong support to the event. It also specially arranged a company visit and presentation for the 17 teams. Each team was required to conduct in-depth analysis and provide
strategic recommendations to the case company within 30 hours. Team performances were evaluated by a judging panel of 19 members comprising senior executives from Café de Coral and Citigroup, HKUST professors, and business leaders from different industries.
Michael Y.K. Chan, Chairman, Café de Coral Holdings Ltd, commended the comprehensive analysis, dedicated hard work and business acumen of the students. “As Café de Coral continues to expand its business locally and internationally, it provides an unique and interesting case for students to analyze the management challenges and business opportunities that we are facing. I am pleased to see that they had kept an open mind and looked in all directions for answers, and have added value to our strategic thinking at the end of the day.”
T.C. Chan, Citigroup Country Officer, Hong Kong and Head of Greater China, Corporate and Investment Banking, said, “As local businesses increasingly aspire to become global, best practices' sharing across all levels is of utmost importance. Through the Citigroup International Case Competition, we hope to spread this sharing among the students, helping to nurture them to become our future business leaders. The participating teams'
performance was impressive, I trust they will be able to take home with them some valuable lessons and experience of lifelong value.”
K.C. Chan, Dean, HKUST Business School, said, “The success of the competition is a result of the tremendous support from our sponsor Citigroup, the case company Café de Coral, the judges and everyone who has been working on this project for months. I am delighted to see that the competition has provided an excellent platform for students to exchange ideas and experiences in a truly multi-cultural environment.”
Citigroup International Case Competition has brought outstanding students from leading business schools from around the world to Hong Kong since 2003, contributing to both academic and cultural exchanges. The event helps to demonstrate Hong Kong’s position as
an international center of finance and education.
Photos of this year’s competition
Participating Teams for 2006
America
1. Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico 2. McGill University, Canada
3. Ohio State University, US
4. University of California at Berkeley, US 5. University of Southern California, US 6. University of Texas at Austin, US 7. University of Western Ontario, Canada
Asia
8. Hong Kong University of Science and Technology, Hong Kong SAR 9. National University of Singapore, Singapore
10.Peking University, PRC 11.Shantou University, PRC
12.Singapore Management University, Singapore 13.Thammasat University, Thailand
14.Tsinghua University, PRC
Australasia
15.University of Auckland, New Zealand
Europe
16.Stockholm School of Economics, Sweden 17.University of Navarra, Spain
