L-R: Alvin Woon, Diarmuid Early, Matthew Porzio (Intralinks), Peter Suen, Michael Clarke
New York City, United States, December 8th, 2014 – 29-year-old Irishman Diarmuid “The Diamond” Early has won the 2014 Financial Modeling World Championships at the Microsoft Offices in New York City. Diarmuid Early works with Deutsche Bank as Vice President in the Investment Banking Division in the New York Office, formerly working with Boston Consulting Group (BCG). Diarmuid led from start to finish with a commanding performance to claim the $30,000USD First Place.
The prestigious international business competition had 3,700 competitors from 103 countries. Second place $10,000 Case Prize was won by Alvin Woon from Hong Kong who works at Bank of America Merrill Lynch. Third place was split between Michael Clarke PwC New Zealand and Peter Suen from Clean Energy Finance Corporation in Sydney, Australia. The World’s Top Post-Graduate Student was Blair Alexander (Colombia University, USA) and Under-Graduate Student was David Loong (Melbourne University, Australia).
The Top 16 World Finalists were flown to New York City from around the world for the ModelOff Finals Weekend from December 5-7, 2014. The Finalists enjoyed an Innovation workshop session with NYSSA (World’s largest CFA Financial Analyst Chapter), a helicopter ride over New York thanks to major global sponsor Intralinks (www.intralinks) and an exclusive 3-hour product session with the Microsoft Excel Development team (www.microsoft.com). The Finalists came from 10 countries, including Russia, South Africa, Sweden, India, Hong Kong, Netherlands, Australia, New Zealand and United Kingdom.
Official competition closed-door testing was conducted for 4.5-hours (270 minutes) at Microsoft’s New York Offices on Sunday 7th December 2014. World Finals questions ranged from – retirement funding analysis, business forecasting for an airline expansion and advanced challenge to solve a complex maze route using Microsoft Excel. Judges were: Mr Bill Jelen (Mr Excel), Mr Kiel LaFrance (S&P Capital IQ) and Mr Patrick O’Beirne (EUSPRIG). The Question Design Team was led by Mr Joseph McDaid (Microsoft), Mr Dan Mayoh (Fintega) and Alex Gordon (PwC). The $30,000 First Prize was presented by Mr Matthew Porzio from Intralinks.
“This is incredibly exciting. I didn’t sleep last night because I was so wound up about getting stuck in to this. It’s been a phenomenal experience,” said Early at the Awards Ceremony at Microsoft New York. Diarmuid also performed impressively by reaching the second round of the Big Data Analytics World Championships in November 2014 (www.texata.com).
Diarmuid joins the elite league of Professional Services World Champions – including: 26-yo Hilary Smart (United Kingdom, Operis, Financial Modeling World Champion), 25-yo Alex Gordon (PwC New Zealand, Financial Modeling World Champion 2012), 35-yo Martin Naude (Encentivize, South Africa, Customer Loyalty World Champion 2014) and 24-yo Stephane Sbizzera (Big Data Analytics World Championships 2014). As the defending champion, Diarmuid is invited to return at the ModelOff 2015 World Finals.
From the Organizers
We’d like to extend a special thank-you to our major global sponsors, community partners and the State of New York for their generous kindness in supporting the Financial Modeling World Championships. Each of the Finalists should be incredibly proud of their achievements and building new friendships.