Babson College Cutler Center Impact Report 2020

THE STEPHEN D. CUTLER CENTER FOR INVESTMENTS AND FINANCE State-of-the-art Resources | Experiential Learning | Thought Leadership

ANNUAL REPORT

OUR MISSION The Stephen D. Cutler Center for Investments and Finance is dedicated to advancing finance education and improving the marketability of Babson students. We provide programs and cutting-edge resources that enrich the student learning experience, support faculty research, and engage our alumni community. We’re committed to furthering Babson’s innovative and practical approach to finance education and enabling industry practitioners, faculty, and students to collaborate and learn from one another.

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TABLE OF CONTENTS

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STATE OF THE ART FINANCE LAB

T he Cutler Center allows professors and students to experience the same technologies that the world’s leading banks, corporations and government agencies use on a daily basis.

This real-world experience gives Babson students the competitive edge to succeed in finance.

— J ohn Bailer, CFA ’92 Senior Portfolio Manager for U.S. Dividends Portfolios, Mellon

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EXPERIENTIAL LEARNING

11

8

TEACHING & RESEARCH SUPPORT

THOUGHT LEADERSHIP

12

ALUMNI ENGAGEMENT

16

CENTER PARTNERSHIPS

14

FEATURED PARTNERSHIPS

17

BACK COVER

LEADERSHIP & ADVISORY BOARD

2019 CUTLER CENTER REPORT | 1

STATE OF THE ART FINANCE LAB The Cutler Center was originally envisioned as a research center back in 2000, which is why it was located in the Horn Library. Today, nearly one-quarter of Babson students pursue a degree in finance.

With the increased demands on the Cutler Center, a larger space was required for teaching graduate, undergraduate, and executive education courses.

In June 2019, we opened a new, expanded center in the Babson Commons.

Our lab offers a wide array of analytical tools: Bloomberg > FactSet > S &P Capital IQ > Thomson Reuters Eikon > Rotman Interactive Trader > ARGUS Commercial Real Estate >

A World Class Finance Lab The new finance lab sits at the heart of campus and has 42 workstations equipped with Bloomberg, FactSet, and other tools used by industry professionals. The new state-of-the-art facility will provide Babson students with unique opportunities to learn and lead through signature learning experiences designed to prepare them for successful careers in financial services and a variety of thought leadership events that bring some of the brightest minds in finance to campus.

Through course integration and exclusive workshops, the new center will profoundly change the educational experience for our finance students. It will also allow our application-oriented faculty from other disciplines to integrate the Cutler Center resources into the courses they teach.

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Cutler Center Grand Opening with Distinguished Speaker Peter Lynch Peter Lynch H’96, one of the most successful and well-known investors of all time, grew the famous Magellan Fund from $18 million to $14 billion in 13 years. Lynch was on hand as the distinguished guest speaker for the grand opening of the new finance lab at the College’s Stephen D. Cutler Center for Investments and Finance. At the heart of campus, the new state-of-the-art finance lab holds 42 workstations equipped with Bloomberg, FactSet, and other tools used by industry professionals. It provides students with unique opportunities to learn and lead through signature learning experiences designed to prepare them for successful careers in financial services.

Following the recent grand opening of Babson’s new Finance Lab, Babson College Fund students, alumni, and Executives in Residence gathered for the rare opportunity for select students to pitch in front of legendary investor Peter Lynch. Each student had no more than three minutes to make their stock pitch to Mr. Lynch, who then asked questions and provided suggestions on how to think about investment opportunities.

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EXPERIENTIAL LEARNING The Cutler Center sponsors students who participate in a wide range of programs and competitions including the Babson College Fund, Babson Trading Competition, CFA Institute Research Challenge, Van Berkom JMSB Small-Cap Case Competition and more.

Babson College Fund (BCF) BCF is an accredited two-semester program that allows a select group of undergraduate and graduate students to manage a portion of the Babson College endowment, gaining investment research and portfolio management skills as well as practical experience. Students conduct fundamental and quantitative research, pitch their ideas, and work with a team of experienced money managers to create a diversified, long-short equity portfolio.

This year’s BCF participants received job offers from the following firms: • • • • • • •

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Credit Suisse Piper Jaffray Goldman Sachs Stephens Inc. Lazard DWS Group Bloomberg LP

The Cutler Center sponsors the Babson College Fund (BCF), which was a life changing program for me. It was through this program that I found my passion for investing.

The experience in BCF helped me to better understand the financial markets, to network with program alumni and like-minded peers, and ultimately secure a job offer with Bridgewater Associates. ­— Yanchuan Cai ’19

Sales & Trading Competition 3rd

Ian Jurkiewicz ‘21 & James Cheng ‘20

2nd

Elham Chowdhury ‘20 & Alex Spinnell ‘20

1st

Benjamin Norris ‘21

Algorithmic Competition 3rd

Babson Trading Competition Sponsored by Fidelity, the 10th annual Babson Trading Competition brought over 50 students to the Cutler Center finance lab for the sales and trading competition.

Special thank you to Marco Gargurevich MBA’01, Vice President, Asset Management and Janis Voldins MBA’99, FX and Securities Lending Trader, who spoke with students before the competition about Fidelity and their trading operations.

2nd

1st

Duska Glidden ‘20 Zhou (Claude) Zou ‘23 Ian Jurkiewicz ‘21

The Rotman International Trading Competition (RITC) RITC is an annual event held in the heart of Canada’s financial district that draws over 50 teams of students from universities worldwide to participate in a unique three-day simulated market challenge. Babson has an impressive track record including winning the competition in 2009 and placing second in 2007 and 2010. The 2019 team comprised of Srivatsa Rajan Swaminathan MBA ’19, John Regan MSF ’19, Elena Yang ’20, Alexander Spinnell ’20, and Duska Glidden ’20 placed ninth out of 52 teams, the best overall finish since 2010.

2019 CUTLER CENTER REPORT | 5

EXPERIENTIAL LEARNING (Continued) Babson Wins Local CFA Institute Research Challenge Team Babson won the local CFA Institute Research Challenge in the winter of 2019.

The team of Rushi Nagalla ’19, Mitchell Troyanovsky ’19, Guillermo Vadell ’19, and Albert Yun ’19 was required to analyze a publicly-traded company, write a comprehensive research report, and then present their research to a group of industry judges. The team competed against 10 local colleges and universities including Bentley, Boston University, Northeastern, and Tufts.

The team also traveled to New York City to represent Boston in the Americas Competition as they competed against the best teams in North and South America. Only the top 9% of students competing worldwide made it to the Regionals. While in town, NASDAQ graciously hosted the trio of Rushi, Mitchell, and Albert at their Times Square MarketSite. The students had the opportunity to attend the closing bell ceremony, meet with members of NASDAQ’s listings team who recently facilitated the IPOs of Lyft and Zoom, and tour the CNBC’s Fast Money studio. Babson lost in the semi-finals to the team that won the Americas – Canisius College.

On behalf of the team, the Cutler Center would like to thank Babson College Fund Executive in Residence Warren Johnson and David Wellinghoff MBA ’07 for their guidance and support throughout the process.

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FIRST PLACE FINISH THE LAST TWO OUT OF THREE YEARS: 2019: BABSON COLLEGE CARGURUS 2017: BABSON COLLEGE GLOBAL PARTNERS LP

FINANCE IS THE

NO.1 INDUSTRY EMPLOYING BABSON STUDENTS

Van Berkom JMSB Small-Cap Case Competition Team Babson placed third at the 7th annual event, which is the premier case competition focused on small-cap investment. This competition provides students with an opportunity to showcase their ability to analyze financial business cases, develop strategic recommendations and apply the academic skills they have gained in the classroom. The team was comprised of Tim Hasbergen MS’18, Lilia Chobanova MS’18, Jack Long ’15, MS’18 and Dhriti Shetty MS’18 and lead by faculty advisor Spencer Adams.

University of Georgia Terry College of Business Stock Pitch Competition Vivia Chen ’19 and Sang Hyun Kim ’17 traveled to Georgia to compete in the University of Georgia’s SMIF Stock Pitch Competition.

The duo placed third out of 12 finalists, taking home $1,000 in prize winnings. Judges included analysts, portfolio managers, financial advisors, and CIOs currently working in the finance sector.

Management Consulting Field Experience (MCFE) The Cutler Center leveraged its network in the financial community to organize six Management Consulting Field Experiences (MCFEs) since 2018. The MCFE program provides graduate student teams the opportunity to work in collaboration with a company and faculty advisor to analyze a real-time organizational challenge, applying what they have learned in the classroom, to create value-added solutions in these real-world consulting engagements. Special thank you the following companies and faculty advisors:

2018 2019

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• Boyd Technologies, advised by lecturer Spencer Adams • Essex Investment Management Company, advised by adjunct professor Rick Spillane, CFA • Natick Center Associates, advised by lecture Paul Griesmer • Essex Investment Management Company, advised by assistant professor Jasmina Hasanhodzic • Payment Relationship Management, advised by lecturer Spencer Adams • Buen Trip Ventures, advised by professor John Edmunds 2019 CUTLER CENTER REPORT | 7

SEC Chairman Clayton’s Discussion of the Standards of Conduct for Financial Professionals The Securities and Exchange Commission (SEC) passed a new rule that will require brokers to act in the best interest of investors and disclose more about potential conflicts of interest that could impact their advice.

Jay Clayton, chairman of the Securities and Exchange Commission, visited Babson Boston to share his insights on the new regulation, which has been a decade in the making.

THOUGHT LEADERSHIP The Cutler Center hosts conferences, panel discussions, and presentations that position Babson at the forefront of finance education. As a result, the events have centered on FinTech, ESG Impact Investing, and other growth areas in finance.

A sampling of past Thought Leadership speakers:

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• Bill Ackman, Founder and CEO, Pershing Square Capital Management

• Seth Klarman, CEO and Portfolio Manager, Baupost Group

• Michael Angelakis ‘86, Vice Chairman and CFO, Comcast Corporation

• Brian Moynihan, Chairman and CEO, Bank of America

• Sarah Biller, Executive Director, Vantage Ventures

• Eric Rosengren, President, Federal Reserve Bank of Boston

• Lloyd Blankfein, Chairman and CEO, Goldman Sachs

• Katherine Shaw, Portfolio Manager and Sector Lead, Fidelity Investments

• Walter Donovan, CIO, Putnam Investments

• Joel Tillinghast, Portfolio Manager, Fidelity Investments

Babson Finance Conference: The Future of FinTech Hosted by the Federal Reserve Bank of Boston, the sold-out conference included a keynote address and breakout sessions that allowed students, alums, and industry practitioners to interact with FinTech leaders who discussed the future of FinTech, including the latest in artificial intelligence, blockchain, and cryptocurrency. Featured speakers included: • • • • •

Sarah Biller, Co-Founder, FinTech Sandbox Jim Cunha, Senior Vice President, Federal Reserve Bank of Boston Sri Krishnamurthy MBA’11 CFA, CAP, Chief Data Scientist and President, Quant University Havell Rodrigues MBA’03, CEO and Co-Founder, Adjoint Inc. Chuck Senatore, Head of Risk Oversight, Fidelity Investments

Women in Investment Management: Choosing a Career in Investment Management Now, more than ever, finance needs more women. The Cutler Center hosted CFA Society of Boston, which welcomed an accomplished group of women professionals to campus who spoke about their career choices and investment management experiences.

Featured speakers included: Andrea DiCenso, Vice President, Loomis, Sayles & Company Christina Marcarelli, CAIA, Senior Investment Officer, MA PRIM • Catherine McDermott, Vice President, Portfolio Manager and Senior Analyst, Eaton Vance • Katherine Shaw, CFA, Senior Leader, Portfolio Manager, Loomis, Sayles & Company • Jeanne Wolf, CAE, Executive Director, CFA Society Boston, Moderator • •

2019 CUTLER CENTER REPORT | 9

THOUGHT LEADERSHIP (Continued) Fireside Chat with Bill Cummings Real estate mogul, entrepreneur, and philanthropist Bill Cummings sat down with Lecturer Paul Griesmer to offer keen insights and pioneering thinking that produced great prosperity and a multibillion-dollar enterprise. The discussion with the billionaire drew over 200 students, alumni, and real estate professionals. Merrill Lynch provided copies of his book for students who attended and Mr. Cummings graciously walked over to the campus store for a book signing.

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Founders Summit: From Entrepreneur to Investor

Distinguished Speaker Series with Joel Tillinghast

Cutler Center Advisory Board member Catherine Friend White MBA ’86 joined a panel at the Founders Summit, hosted by the Blank Center. The session focused on making the transition from entrepreneur to investor. White was joined by Tim Chae ’13, general partner of 500 Startups, and Angelo Santinelli, lecturer on entrepreneurship at Babson College.

Joel Tillinghast, a revered portfolio manager and thirty-five year veteran of the investments industry, was our Distinguished Speaker in the fall of 2018. At 31, Joel launched Fidelity’s® Low-Priced Stock Fund which now has nearly $40 billion in assets under management.

The fund has earned a net annual return of 13.8% over the past 28 years, outperforming the Russell 2000 by 400 basis points.

Joel discussed his investment process, what it takes to be a successful investor, and the challenges of finding an edge in today’s markets. The event, which was attended by 170 students and alums, was followed by a networking reception with Mr. Tillinghast.

Jérôme Taillard,

Associate Professor of Finance at Babson College, has received the

RESEARCH SUPPORT

Michael J. Brennan Best Paper Award at the Review of Financial Studies.

The Cutler Center supports Babson faculty as they pursue vital research, develop intellectually rigorous programs, and deliver engaging lectures.

In 2018, the Cutler Center provided research assistants and data to support the scholarly efforts of faculty such as Associate Professor Jérôme Taillard.

Jérôme Taillard

Seminar Speaker Series The Center also sponsors the Seminar Speaker Series, which allows faculty to build relationships in the academic community and exchange ideas with other top researchers. The 2018-19 speakers included: • A mber

Anand, Edward Pettinella Professor of Finance at Syracuse University Whitman School of Management, presented his paper “Do buy-side institutions supply liquidity in bond markets? Evidence from mutual funds”

• D on

Bowen, Visiting Assistant Professor of Finance at Virginia Tech Pamplin School of Business, presented his paper “Technological Disruptiveness and the Evolution of IPOs and Sell-Outs”

• X avier

Giroud, Roger F. Murray Associate Professor of Finance at Columbia Business School, presented his paper “Firm’s Internal Networks and Local Economic Shocks”

• J ohn

Graham, D. Richard Mead Jr. Family Professor of Finance at Duke University Fuqua School of Business, presented his paper “Executive Mobility in the United States, 1920 to 2011”

TEACHING Value Investing with Gary Mishuris, Managing Partner and CIO of Silver Ring Value Partners Select undergraduate and graduate students participate in a year-long seminar series with Gary Mishuris, CFA. Throughout the seminar, readings such as Benjamin Graham’s Security Analysis and Warren Buffett’s partnership letters, are used to discuss the investing philosophies and processes of successful value investors. Students can use the insights from the readings to build their value-investing framework that is internally consistent and suited to their strengths.

Financial Modeling Workshop with Lecturer Spencer Adams Undergraduate and graduate students were invited to a four-hour workshop on financial modeling that involved a hands on construction of a 3 statement integrated financial model. Spencer Adams has over 20 years’ experience as an investment banker and corporate financial executive.

2019 CUTLER CENTER REPORT | 11

ALUMNI ENGAGEMENT Volunteer James Spencer, CFA ’73, Former SVP & Chief Investment Officer, Cambridge Trust Company Jim has been an executive in residence with the Babson College Fund since 2003, where he shares the knowledge and experience obtained from a career in the investment management industry. He’s hired twelve students from the program over the years and is now the Chair of the Program and Events Committee for the Cutler Center Advisory Board.

Speaker Rick Schoeb MBA’92, Managing Partner, AquaeCapital Rick spent 25 years in the finance industry working in New York, London, and Tokyo. Recently, Rick came to campus for three days where he lectured in six classes, met with the Babson Investment Club and Graduate Finance Club, and held office hours with interested students.

Center for Career Development Partner Jancy Yang ’09, Executive Director, Institutional Equities, Morgan Stanley Since graduating in 2009, Jancy has continued to stay involved with Babson College through her partnership with the Undergraduate Center for Career Development office where she can have a significant impact on the career planning of finance students. In addition to hosting students as part of the NYC Finance Trek, participating in the NYC Babson Connect, and hosting on-campus coffee chats, Jancy is always willing to connect with students to share career advice to help the next generation.

Industry Advisor David Wellinghoff, CFA MBA ’07, Investment Analyst, Liberty Mutual As a graduate student who participated in the CFA Institute Research Challenge and won the global challenge, Dave knows the importance of giving back to students. During this year’s competition, Dave served as an Industry Mentor for Team Babson. Dave spent time throughout the year on conference calls and in-person meetings with the team and coaching them as they prepared to analyze a publicly-traded company and prepare a written report supporting their sell recommendation. Because of Dave’s mentorship, the team won the local challenge and went on to compete in the Regional competition in New York City.

Mentor Ross Klein ’10, Equity Analyst, Boston Partners Ross attended a Babson College Fund class as a guest speaker. He was so impressed with the caliber of the questions during the question and answer session that he offered to mentor a few of the students. As part of that mentoring experience, he’s leveraged his relationship with Oppenheimer to get the students invited to their industry conferences, where they attend management meetings with Ross just as they will later in their career.

Coach Joseph Spinelli ’98, Trader, Millennium Management Over the last several years, Joe has found several ways to positively impact the Babson Trading Team. The team has traveled to New York City to meet with Joe in his offices at Millennium Management. He’s also connected with them via video-conference as they prepared for the Rotman International Trading Competition (RITC). In doing so, he’s leveraged his experience as a trader to help them refine their strategy for the competition. He also organized a meeting with his colleagues, who supplemented Joe’s advice. The RITC team placed 9th out of 52 teams in 2019.

Advocate Marco Gargurevich MBA’01, Vice President, Asset Management, Fidelity Investments As a member of the Cutler Center Advisory Board, Marco served as an advocate with his firm to secure a sponsorship for the Babson Trading Competition. As a result of the sponsorship, students who participated in the competition were also able to tour Fidelity’s trading floor and meet with several Fidelity executives where they learned more about careers in the investment industry.

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Finance Industry Overview Undergraduate and graduate students met with nine Babson alumni who provided an overview of the various career paths associated with a finance concentration. The interactive discussion was facilitated by Babson alumni with relevant work experience based upon the division’s finance learning paths.

Alumni were broken up into three groups: corporate financial management, investments and corporate advisory to meet with all students in a smaller and more intimate setting. Following the breakout sessions, the group sat down for lunch together to continue the conversations.

Faculty Members Participants: • Glenn Migliozzi,

Lecturer, Finance Division

• Laurie Krigman,

Professor, Finance Division

Alumni participants: • Dan Brennan ’87,

Chief Financial Officer, Boston Scientific

• Thomas Callahan, CFP® ’14,

Wealth Advisor, The Colony Group

• Ed Ciancarelli, CFA ’00,

Principal & Senior Investment Analyst, The Colony Group •E ric Crawley MBA ’09, VP Investment Strategist, Bank of America •P aul Gordon ’00, Investment Officer & Equity Portfolio Manager, MFS Investment Management •C hris Menard ’96, Chief Financial Officer, BlueSnap •A ndrew Merget, CFA ’05, Director, Sponsor Finance, Silicon Valley Bank • Rob Noreck MBA ’08, EVP & Chief Financial Officer, Brightcove •D avid Wellinghoff, CFA MBA ’07, Investment Analyst, Liberty Mutual 13

WEEK-LONG EVENT BROUGHT TOGETHER

FEATURED PARTNERSHIPS

2,000+ PROFESSIONALS FROM THE FINTECH ECOSYSTEM.

Boston FinTech Week The Cutler Center hosted multiple panels and workshops at our Boston campus during Boston FinTech Week in September 2018. The week-long event brought together more than 2,000 professionals from the FinTech ecosystem and was capped off with our Future of FinTech panel at GSV Labs.

•T ime-Tested Rules of FinTech Venture Investing

The sold-out session featuring Matt Harris of Bain Capital Ventures was hosted at the Babson Boston campus and moderated by Bloomberg’s Janet Wu. Universally regarded for his high-quality investment process that persistently reflects these ideals, Mr. Harris discussed how the rules of venture investing were evolving. Mr. Harris also commented that his two best Boston-based investments were founded by Babson alums, which was quite a compliment. The session was followed by breakout sessions with eight venture capitalists.

•F uture of Insurance

Another fireside chat featured Mike Fanning, Executive Vice President at MassMutual Financial Group, who discussed the future of insurance. Mass Mutual has been a pioneer in integrating FinTech into the insurance industry. Mr. Fanning shared MassMutual’s innovative approach to dealing with the changing landscape of customer expectations, regulation, and data as part of his discussion. He also mentioned that based on their technology platform, they can now underwrite an insurance policy in less than 15 minutes, which is quite a change for a firm that used to begin the process with a 40-page application.

•F uture of FinTech Panel

The capstone for the week was our Future of FinTech Panel at GSV Labs. The panel included executives from Columbia Threadneedle, Silicon Valley Bank, and Putnam Investments. The topics included how financial businesses are changing the way they adapt to technology, collaboration with startups, and opportunities across markets.

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A Conscious Capitalist’s Approach: Ron Shaich, Founder & Chairman of Panera Bread After decades building Panera Bread into the most successful fast-casual restaurant chain in the industry, Ron Shaich shocked many investors when he announced that he was taking the company private in July 2017. In this important discussion that was co-sponsored with Conscious Capitalism, Ron explained to 60 students and alumni why he took the company private and what we must do to counteract the damaging short-termism and narrow agendas that now permeate our capital markets.

Finance Career Panel In partnership with the Center for Career Development, undergraduate and graduate students were given the opportunity to hear from our panel of Babson alumni discuss what finance jobs entail on a day-to-day basis, the skills needed to succeed in their respective sectors, and how they broke into these competitive fields. Featured speakers included: • • • • • • •

Kenechukwu Anadu, CFA, CAIA MBA’10, Assistant Vice President, Supervisory Research and Analysis, Federal Reserve Bank of Boston Jed Drake ‘13, Sr. Research Analyst, Private Markets, NEPC, LLC Jessica Drake ’13, Manager – Business Development Finance, Vertex Pharmaceutical Melanie Jordan ’16, Associate, Summit Partners Alex Melikan MBA’16, Assistant Director - Asset Management & Consulting, TCAM, LLC Rob Nicewicz ‘07, Principal, Abry Partners Christopher Souza MBA’15, Senior Director, Tavistock Development Company

CWEL Circles Hosted by the Center for Women’s Entrepreneurial Leadership (CWEL), the Cutler Center partnered on two sessions during the fall semester where featured alums from the finance industry offered insights into their careers, businesses and experience in the industry. The fall semester speakers included: • •

Sumeit Aggarwal, MBA ’05, Personal Finance Literacy Coach and Advocate, Co-Founder, Finhive LLC Catherine Friend White, MBA ’86, Managing Director, Golden Seeds and Founder & Director, FinArc Investments Inc.

Financing the Future In collaboration with The Lewis Institute, these sessions explore the crucial role of capital in driving social change by asking the following questions: How will we finance our future? What new financing mechanisms are being created? What role do large corporations, NGOs, government agencies, community foundations, family offices, philanthropists and investors play? What’s working? What’s needed?

Ron Shaich

Finance Career Panel

CWEL Circles

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CENTER PARTNERSHIPS

BABSON IS A PROUD MEMBER OF THE CFA INSTITUTE’S UNIVERSITY AFFILIATION PROGRAM AND BLOOMBERG’S EXPERIENTIAL LEARNING PARTNER PROGRAM.

CFA Institute University Affiliation Program Through the CFA Institute University Affiliation Program, students have access to a suite of benefits as they prepare for the CFA Program, including: 16 annual scholarships • Access to the CFA curriculum (Levels I, II, and III) • Practice Exams (Levels I, II, and III) •

Bloomberg Experiential Learning Program Babson was the inaugural recipient of Bloomberg’s Experiential Learning Partner program. The Bloomberg ELP is designed to recognize academic institutions that are leaders in experiential learning through the integration of Bloomberg terminal exercises in their curricula.

Financial Executives International (FEI) Boston Each month during the academic year, the Cutler Center partners with FEI Boston to bring their Professional Development Series to campus.

These events draw an estimated 30-40 senior finance executives to campus each month and provide Babson students, faculty, and staff with an opportunity to connect with corporate finance practitioners.

The Cutler Center is a critical component of student’s education in finance and investments, giving them the tools to hit the ground running when they enter the workforce.

— James Spencer, CFA ’73, Former SVP & Chief Investment Officer, Cambridge Trust Company

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The Cutler Center was founded in 2000 with a generous gift from Stephen D. Cutler MBA ’61 and his wife, Alice. Thanks to their continued generosity and the support of many additional alumni, parents, and friends, the Cutler Center advances finance education and improves the skill set and marketability of Babson students.

LEADERSHIP

PATRICK GREGORY, CFA

FARRAH NARKIEWICZ

LESLIE ROMIZA

JACK CAHILL

DARA DALMATA

RYAN J. DAVIES, PH.D.

Managing Director Faculty Director, BCF Senior Lecturer, Finance Division 781-239-3895 pgregory@babson.edu

Manager, Cutler Center Research and Instruction 781-239-4578 jcahill@babson.edu

Marketing & Events Manager 781-239-4448 fnarkiewicz@babson.edu

Advancement Liaison 781-239-5809 ddalmata@babson.edu

Program Manager 781-239-5115 lromiza1@babson.edu

Professor of Finance Finance Division Chair 781-239-5345 rdavies@babson.edu

ADVISORY BOARD Our leadership team benefits from the support of our advisory board, which includes: •

John Bailer, CFA ’92, (Chair) Senior Portfolio Manager for U.S. Dividend Portfolios, Mellon

•

Brian Barefoot ’66 H’09 MP’01, Senior Advisor, Carl Marks Advisors

•

Dan Brennan ’87 MBA’89, Executive Vice President and CFO, Boston Scientific

•

Chris Chandor MBA’98, Senior Vice President of Development & Asset Management, The Davis Companies

•

Karen Chandor MBA’74, Principal, Mercer

•

Eric Crawley MBA’09, VP Investment Strategist, U.S. Trust

•

Stephen Cutler, CFA MBA’61, President, Portfolio Manager & Managing Principal, Essex Investment Management Company

•

Chip Dickson, CFA ’74 MBA’76, Co-Founder, DISCERN

•

Marco Gargurevich MBA’01, VP, Asset Management, Fidelity Investments

•

Bruce Herring, CFA ’87, MP’19, Former President, Strategic Advisers, Asset Management Division, Fidelity Investments

•

Rich Katz ‘91, President, Rodeo Capital

•

Harold Kotler, CFA ’65, Partner, CEO, CIO, Gannett, Welsh & Kotler (GW&K Investment Management)

•

Chris Menard ’96, Chief Financial Officer, BlueSnap

•

Jeff Mortimer, CFA ’86, Director, Investment Strategy, BNY Mellon Wealth Management

•

Jason Orlosky ‘04, Chief Strategist & Managing Director, Bridgeway Wealth Partners LLC

•

Annabelle Reid MBA’86, Managing Partner, FoxMoor Capital

•

Harison Sidhu MBA’10, Head of Manager Selection and Due Diligence, Fiduciary Trust

•

James Spencer, CFA ’73, Former SVP & Chief Investment Officer, Cambridge Trust Company

•

Rick Spillane, CFA, Director, Eaton Vance Management

•

Joseph Spinelli ’98, Trader, Millennium Management

•

Jim Taylor ’86, Senior Vice President, Wealth Management, UBS

•

Catherine Friend White MBA’86, Managing Director, Golden Seeds

•

Mark Williams MBA’04, Partner, Cape Horn Coffees, Inc.

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