Cary Kochman
Cary A Kochman (/ˈkoʊtʃmæn/ KOHCH-mæn; born April 1965) is the Head of the North American Mergers and Acquisitions Group at Citigroup and the Co-Head of the Chicago Citi office. He has over 25 years of investment banking experience.[1] Prior to joining Citigroup in 2011, Kochman was Global Head of M&A for UBS & Co-Head of the Midwest Region. Before joining UBS Investment Bank in 2004, Kochman was the Head of the U.S. M&A Department for Credit Suisse. He worked at Credit Suisse (CS and The First Boston Corporation as it was previously known) for over 14 years.
Kochman graduated from the Honors College at the University of Illinois at Chicago with his B.S. in Accounting (he also studied Philosophy). He continued his education at the University of Chicago where he received his J.D. from the University of Chicago Law School and his M.B.A. from the Booth School of Business. He is a distinguished alumn of the University of Illinois at Chicago. While at the University of Chicago, Mr. Kochman was awarded a Nikko Fellowship for study in Japan. He also completed a term of studies at The London Business School (LBS).
Kochman specializes in mergers and acquisitions, activism defense, strategic hostile defense, divestitures, corporate takeovers, and is also considered a leading cross-border M&A expert. As a banker, he serves as an advisor to directors, special committees, management teams, and governments. He has completed over $400 billion worth of transactions.
Kochman is also a regular speaker and panelist. He lectures at Northwestern University's MergerWeek. Kochman is active across many of Chicago's leading civic organizations including the Executives' Club of Chicago, The Economic Club of Chicago, the Commercial Club of Chicago and acting as a Trustee of the Shedd Aquarium. He is member of The Council On Chicago Booth. In the past, he served on the Advisory Board for The University of Chicago Law School.He is also a member of the Board of Trustees of Council for Emerging National Security Affairs (CENSA).
References
- ↑ Kochman Zoom Profile. Retrieved on 8 March 2016.
Financial Times Article: Ups and downs in the world of dealmaking "Cary Kochman, head of Americas M&A at UBS, who recently advised Bucyrus, the US mining equipment manufacturer, on its $8.6bn sale to Caterpillar, the maker of earth-moving equipment, urges caution. “The outlook for M&A is one of cautious improvement,”
UBS Loses Co-M&A Boss Cary Kochman to Citigroup
Bloomberg Article: Stock Is New Cash for Takeovers as Zappos, Marvel Use ‘Option’ In stock transactions, “selling shareholders get an option on an economic recovery,” said Cary Kochman, UBS AG’s Chicago- based Head of Americas mergers and acquisitions. “It provides buyers with insurance against another downturn.”
New York Times Article - Stock Is the New Cash in Recent Acquisitions In stock transactions, “selling shareholders get an option on an economic recovery,” Cary Kochman, UBS’s Chicago-based Head of Americas mergers and acquisitions told Bloomberg News. “It provides buyers with insurance against another downturn.”
The Deal News Weekly "Cary Kochman, head of Americas M&A at UBS, attributes the rise to the lumpiness of a few larger deals, including Roche Holding AG's $43.7 billion bid for Genentech Inc. and Dow Chemical Co.'s $18.8 billion offer for Rohm and Haas Co."
Speaker at the Wisconsin School of Business Director's Summit - Topic: THE BOARD’S ROLE IN M&A
Wall Street Journal: "Right now you see a lot of institutions in survival mode. We've moved from the luxury of consolidation to the necessity of consolidation," says Cary Kochman, Head of U.S. M&A for UBS AG.
NYU Stern Agenda Speaker - "We're at a trough and we're likely to build slowly out of it," said Cary Kochman, Head of Americas M&A at UBS . "It took 7 years to build back from the last cycle downturn. The cycle times from trough to peak are not short," said Cary Kochman.
Speaker at the 2009 Cambridge Symposium - Topic: THE FUTURE OF BRIC INVESTING - How has BRIC investing changed? Are corporations refocusing on growth? What happens next to the BRICs?
Kellogg School of Management - Article: MergerTalk: Cash is King; Does That Pop 'Buyout Bubble' talk? "Cary Kochman, the Chicago-based Head of U.S. M&A at UBS AG, says he's skeptical of cash-versus-stock generalizations. "These things are highly time specific, fact specific and culture specific," he says."
CFO Magazine - Article: Buying American "We see a pickup in interest from global companies wanting to assess their strategy in the U.S.," says Cary Kochman, Head of M&A for the Americas at UBS, who expects increased activity into next year.
Reuters India - Article: Weak Market Pushes Deal-Failures to Record "Completion-risk is on everyone's mind. We are, on a historical perspective, amid the lowest level of deal completion," said Cary Kochman, Head of M&A for the Americas at UBS. "2008 was marked by high-profile broken deals and an intense level of litigation."
Reuters article 26 March 2010: "It is likely because you are seeing a pickup in cross-border activity as companies move from an internal cost-cutting focus back to global growth and footprint," Kochman told Reuters in an interview.
Directors’ Summit Speaker: Directors’ Summit, now in its 9th year, is an intensive ISS-accredited program developed with the support of NASDAQ to address current governance regulations and best practices with insight from leading governance experts. Directors’ Summit offers the latest information on critical issues facing every Board today, enhancing director knowledge and improving the overall effectiveness of Boards.
Financial Times: More dealmakers leave UBS for Citigroup The exodus from UBS’s investment bank in the US is continuing with the departure of one of its co-heads of global mergers and acquisitions, Cary Kochman, and two other senior bankers.
Citi Announces Senior Global Banking Hires The exodus from UBS’s investment bank in the US is continuing with the departure of one of its co-heads of global mergers and acquisitions, Cary Kochman, and two other senior bankers.
Bloomberg Brief - 05.22.12 Citigroup Inc.’s Cary Kochman and Sameer Singh advises Eaton Corp. on its $11.8 billion agreement to buy Cooper Industries Plc.
Four of the five Citigroup bankers advising Robbins & Myers Inc. on its $2.54 billion sale to National Oilwell Varco Inc. joined Citigroup from UBS AG in the past two years.
Named one of the top 50 North American Mergers and Acquisitions bankers in 2014.
Awards
-2004–present: Who's Who in the Chicago Business Community
-2001: Chicago Business 40 under 40
External links
- "The Economic Club of Chicago". Economic Club. Retrieved 27 April 2016.
- "Council of Chicago Booth". Chicago Booth. Retrieved 27 April 2016.
- CENSA
- http://business.uic.edu/docs/default-source/development-/celebrating-the-cba-2013-program-final-print-version.pdf?sfvrsn=4[]
- http://centennial.executivesclub.org/[]