Alumni News and Notes (Spring 2013)

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

1970

Thomas O. Barnes ’78 MBA has been appointed to Our Piece of the Pie, Inc.’s Champions Council.

Alan J. Cicchetti ’76 MBA has been appointed to director of agency relations by Lenders Compliance Group as well as the executive director of Brokers Compliance Group.

Carolyne I. Gatesy ’79 MBA has been honored by the Glastonbury Chamber of Commerce as its Businessperson of the
Year.

Thomas J. Mango ’79 joined the Commercial Banking team of Simsbury Bank as a commercial relationship manager.

Lauralee E. Martin ’79 MBA has been appointed to chief executive officer, Americas at Jones Lange LaSalle.

John G. Salek ’74 delivered a session on cash flow to the Entrepreneurship Boot Camp for Veterans with Disabilities in Hartford in September 2012.

Alumni 1970

 

1980

David L. Albrycht ’89 MBA has been named president and chief investment officer at Newfleet Asset Management LLC.

Gary Fisher ’80 MBA has been appointed to executive vice president of marketing
for residential products of Beaulieu Group.

Stewart R. Joslin, Jr. ’89 has been named chief financial officer at Wheeler Clinic.

Paul H. Kauffman ’84 has been appointed as a managing director at Jones Lang LaSalle in its Stamford office.

Peter H. Lewis ’83, ’88 MBA has been appointed to chief financial officer of Nabsys, Inc.

Wayne F. Patenaude ’82 has been appointed as president and chief executive officer of Cambridge Savings Bank and Cambridge Financial Group, Inc.

Christine F. Purcell ’88 MBA has been named the first female rector at Christ Church in Westerly, Rhode Island.

James P. Towey, Jr. ’87, ’96 EMBA has been hired at Onset Computer Corporation, Inc. as the director of engineering.

 

1990

Roberta A. Anderson ’92 MBA has been appointed to senior vice president of private banking at People’s United Bank.

Brian T. Davin ’90 MBA has been elected to the Board of Education in Morris, New Jersey.

Dean P. Freeman ’91 has been appointed to executive vice president and chief financial officer at Watts Water Technologies.

Andrew L. Glassman ’90 has been named vice president of operations finance at CSX Corporation.

C. Douglas Johnson ’92 MBA is the first faculty member to receive all four faculty excellence awards at Georgia Gwinnett College.

Mary Jane Karwoski ’92 MBA was named vice president of human resources at Books-A-Million, Inc. Books-A-Million, Inc. is one of the leading book retailers in the nation.

Sean M. O’Connor ’92, ’00 MBA has been appointed to be the director of marketing at Software Marketing Associates.

Frank Mancini Jr. ’90 has been named president and chief executive officer of Connex Credit Union.

Stephen T. Surprenant ’98 MBA has been named vice president, Mission Integration, at Saint Francis Care.

Rick C. Welker ’92 MBA has been appointed to acting chief financial officer at Beacon Roofing Supply, Inc.

Alumni 1990

 

2000

The Honorable Antonietta Boucher ’02 MBA has been elected chief deputy minority leader for the Connecticut Republican Caucus.

Jordan Cohen Coe ’06 MBA has been named in Connecticut Magazines “Top 40 Under 40 Class of 2013″.

Matthew J. DiGeronimo ’06 MBA has begun hosting a weekly radio show, “The Smith Floyd Water Cooler” which broadcasts on Wall Street Network.

James F. Leddy ’03 MBA has been appointed to the position of senior vice president and treasurer of JetBlue Airways Corp.

George D. Noewatne, Jr. ’02 MBA has been promoted to director of public works and engineering in Cheshire, Connecticut.

2010

Wes Poole ’10 EMBA has been appointed as the northeast TAM services practice manager for VMware, Inc.

Lt. Col. Michael J. Zacchea ’12 MBA served as the grand marshal of the 13th Connecticut Veterans Parade held in Hartford.

 

Alumni 2010

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Stamford Focuses on Finance

Stamford Campus

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

The city of Stamford in Fairfield County, Connecticut, has been listed by Forbes Magazine as one of the best places for business and careers. Nestled along picturesque Long Island Sound, this bustling business community houses numerous Fortune 500 companies and many notable investment management firms.

And when you enter the title of “financial analyst” into the search engine of the Stamford-based job site Indeed.com, you’ll be rewarded with approximately 900 advertised openings within a 25-mile radius.

There is a high demand for positions in the financial services sector, and to meet this growing need, the UConn School of Business is launching an undergraduate Financial Management major at the Stamford campus which is uniquely designed to fit the needs of the business base in Fairfield County.

According to Robert A. Johnson, a sernio Stamford business student, “my job and focus is in the Stamford area, and I want to graduate from UConn with a Finance degree. Now I can do this and not have to attend the Storrs campus for more than a semester.”

The proposed major makes sense to employers on the Gold Coast as well. As Peter Ijomah, Director of Engineering, Service Management at Travelers, aptly notes, “once students can graduate from Stamford with a Finance degree, we can recruit more students from the Stamford campus for our employment needs in our finance department.” While the proposed curriculum will require the same general education courses as the School’s traditional business majors, it differs from the mainstream finance major offered at the main Storrs campus in that its courses are constructed to prepare students for careers in corporate money management and investment.

The plan of study aims to ready students for the Level 1 Chartered Financial Analyst (CFA) exam, a standard of excellence in the investment community. The major will continue to link with the Stamford Chartered Financial Analyst Society (SCFAS), which was instrumental in its curriculum development, to apply for the status of CFA Program Partner. This distinction would signal to the business community that it is rooted in professional practice, embraces professional standards of ethics and well prepares students for the exams.

The major will also integrate with the new Investment Management Program (IMP) hosted by the local SCFAS. The IMP will allow for guest lecturers and mentoring directed at providing students with local industry-specific support mechanisms and instilling strong ethical behavior, practical knowledge and a current exchange of ideas. Michael Dineen, Senior Vice President of Atlantic Asset Management, notes “the partnership uniquely exposes students to a structured program closely tied to professional practice and a level of mentoring support well suited for a highly competitive marketplace.”

UConn’s new Financial Management major just may be the return on investment that the Fairfield County financial world has been hoping for.


Hartford’s Changing Landscape

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

A quick chat with Colleen McGuire

McGuire_ColleenColleen McGuire is the Director of the Graduate Business Learning Center, 100 Constitution Plaza Hartford, CT and is responsible for the Executive MBA, Part-time MBA, and Executive Education Programs, as well as the expansion of relationships with the Hartford business community. After almost a year on the job, we chatted with Colleen about the School’s direction and presence in the capital city. 

 

What were your first impressions or thoughts as you got deeper into the job?

One of the first comments I heard as I began to engage in discussions with the community, was that UConn’s downtown Graduate Business School was a “well-kept secret”. Given the breadth, depth and quality of our academic offerings, not to mention the affordability factor of being the state’s flagship university, I was surprised to hear that many companies and organizations did not know that UConn has a sizable operation downtown. So while there has been work to do to optimize and staff the operation, I have no doubt there is tremendous opportunity for growth and expansion of our downtown programs.

 

How do you see the role of the UConn School of Business in Hartford? 

To the extent that a strong workforce drives the economy, I see us as the premiere partner in educating and developing the state’s human talent-base. Whether it’s working with an individual on his/her life-long journey of continuous education or developing mid-level managers into C-suite executives, we can help. UConn’s School of Business can meet business  educational needs through such programs such as our Executive or Part-time MBA, customized executive education programs designed and delivered for a particular organization’s employees, or providing more specialized discipline-specific Master’s degree programs.

 

In addition to the Executive MBA Program and customized education offerings you reference, what other programs are offered in Hartford? 

Our largest and most successful program is the Part-time MBA program. In the last couple of years we’ve added specialized masters programs in the areas of Risk Management and Business Analytics & Project Management. We also have an online Master’s degree in Human Resource Management, as well as various Advanced Business Certificates in functional business areas such as marketing and operations management. We also run very successful programs for veterans such as the annual Entrepreneurial Bootcamp for Veterans with Disabilities (EBV) which provides education, skills, and contacts to assist returning vets in starting their own businesses. One of our goals moving forward is to expand our portfolio of services to the veteran population.
In what other ways does the School partner with the community?

Beyond the traditional educational programs offered, we also have multiple opportunities for companies to get involved with our graduate students and research faculty. Because of our strong focus on “experiential learning” – through such innovative programs as the Financial Accelerator, Innovation Accelerator, and our social entrepreneurship accelerator, SCOPE – we’re constantly looking for real, live projects for students to tackle. Though these opportunities require thoughtful development and company commitment in the way of time, money and data access I’m happy to report that the results consistently exceed the organization’s investment(s) and objectives.

 

Can you share some new things that may be on the horizon?

After a complete and thorough review of our Executive MBA Program, I am pleased to share the launch of our redesigned EMBA program beginning with the entering class this fall. Building upon the quality of the existing faculty and curriculum, the new EMBA program is expected to transform its participants. The 2015 cohort will be a diverse executive student group comprised of individuals who have a history of increasing responsibility and professional success. Importantly,
participants will have a passion for learning in a collaborative environment and seek to lead at the senior level of their organizations.. In addition to the EMBA redesign, we’re focusing quite heavily on Executive Education which includes everything from non-degree and certificate programs to highly-customized company-specific programs.

And of course, we’re very excited about the West Hartford campus relocating and joining us in downtown Hartford. The close collaboration among the public and private sectors, as well as higher education can be a powerful force in the
revitalization of Hartford.


Avoiding Crisis

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

Risk management gains growing interest

At the forefront of risk management education, the University of Connecticut School of Business introduced its first annual Risk Management Conference last fall, attracting over 160 participants including over 100 corporate attendees.

The conference, Risk Management: New Challenges and Opportunities, was organized by the Master of Science in Financial Risk Management (MSFRM) program and sponsored by several multinational corporations in the greater Stamford and Hartford, Connecticut areas. David Fourqurean, Senior Vice President and Operational Risk Manager at Wells Fargo, participated in the conference as both an attendee and a panelist.

“Based on the discussions we had that day, I believe it was one of the most valuable conferences I’ve attended in recent years,” says Fourqurean. “While similar events target a narrow slice of industry participants, the Challenges and Opportunities conference promoted a well-rounded dialog by providing a forum across industry, government, and academia. I particularly appreciated the fresh insights provided by the students,” he adds.

The conference agenda emphasized the common forces affecting a wide range of institutions, including banking, insurance, and investment management, as well as regulators, industrial firms and accounting/consulting firms. Topics included:

  • Measuring and Managing ERM Effectiveness
  • New Perspectives on Risk Appetite and Hedging Policies
  • Moving Towards a More Integrated Approach to Risk Management
  • Risk Management from a Legal/Regulatory Perspective
  • Risk Management: Advancing Stakeholder Mandates. What are the implications and practical application in insurance, banking, and asset management?
  • Emerging Risks – Identifying and Managing Over-the-Horizon Risk Events.

“These are topics that you don’t see in books, partly because the industry has so recently become increasingly relevant, and partly because these are the stories and experiences that you can only truly understand from people who have gone through a crisis first-hand and learned from it,” explains Rodrigo Toledo ’13 MSFRM, a current graduate student who attended the event. He particularly enjoyed the variety of topics and noted a high level of interaction between professors, practitioners and students: “It was a wonderful forum to learn from each other,” he says.

Risk ManagementSetting the stage for the conference, Frank Minerva ’01 MBA, Managing Director and COO of UBS bank, delivered the welcoming address, presenting the audience with a discussion on preparing for unexpected risks, such as Hurricane Sandy.

Keynote speaker James B. Comey, Jr. shared with the crowd his many experiences as the former Deputy Attorney General of the United States, and currently as the General Counsel at Bridgewater Associates. In his current position, Mr Comey oversees the legal, compliance, and security departments.

The next risk management conference shows great promise for once again bringing together financial and accounting professionals, faculty and graduate students to discuss key issues and challenges in risk management. The conference is best suited for those working in the financial/regulatory sectors, in a financial position, or anyone who is part of the accounting or consulting communities which deal with risk management.

MSFRM: Practical Focus

One of the newer graduate programs at the School of Business, the MS in Financial Risk Management (MSFRM) has placed emphasis on the growing needs of the business community. “In putting the degree program together, we took input from corporations and listened to what was of interest to them. What they told us was that we needed to keep the program focused on the practical, not the theoretical,” says Jud Saviskas, Executive Director for the School of Business at UConn Stamford.

Students are in agreement with the importance of practical experience. Rodrigo Toledo researched risk management programs at other universities but found UConn to be unique: “Risk Management is a very young profession so there are only a few schools that offer this type of program, and I found many of them to be very theoretical. The MSFRM [at UConn] incorporates interaction with professionals. That is one of the most important aspects of the program,” he says.

Kashif Ali, ’13 MSFRM, a Fulbright scholar from Pakistan, agrees. “I transferred from a very academic program in Nebraska. UConn is faster-paced and everyone has industry experience, from the professors to speakers in the classroom.” As part of their course requirements, students work on company-sponsored team projects and interact with guest speakers from organizations such as IBM, UBS, GE Capital, the Connecticut State Controller’s Office, the City of Hartford, and Atlantic Asset Management.

In addition to guest speakers during class, the MSFRM program offers optional pre-class dinner discussions, providing a friendly, PowerPoint-free environment for open discussion and Q&A. The initiative has brought in a broad range of key executives from RBS, Morgan Stanley, Nomura, Country Risk Solutions, GE Energy Financial Services, and The Hartford, with one or two topics as the focus for each meeting. “One of our pre-class dinner discussions featured a professional with over forty years in the financial industry,” says Toledo. “It was completely amazing.”

With enrollment increasing each year since its inception, the MSFRM program now operates as a two-cohort system in Stamford and Hartford. With Hartford’s insurance and manufacturing industries demanding preparation for operational risk leadership roles, and Stamford’s financial sector requiring skills as they pertain to investment risk, the program is tailored to industry needs in each location. Distance learning technology has helped facilitate interaction between cohorts for courses that overlap, with a class physically taught at Stamford one week and virtually projected to the Hartford cohort, and vice versa the following week.

The MSFRM program has attracted a range of students, from recent graduates to professionals with as many as twenty-five years of risk management experience, though nearly all have some financial background. With approximately half of the students from countries across the globe including Canada, Chile, China, India, Oman, Pakistan, Turkey, and Vietnam, the program has a strong international presence.

Working in the commercial banking industry in Chile, Toledo wanted to study in the United States to learn about bigger financial markets, improve his knowledge, and seek new opportunities. “I was very surprised at how open the professors and directors are to everyone, asking for feedback from students and immediately open to new ideas,” he says.

Toledo is grateful for the support for international students as well: “There are so many opportunities to interact with other students and learn about other cultures from our peers. For instance, we had a party to celebrate the Chinese New Year.” Despite the distance, there is occasional opportunity for the Stamford and Hartford cohorts to interact—both groups found time among their work and studies to attend a women’s basketball game in Storrs.

Commenting on his transition as an international student, Ali shares a similar sentiment: “I feel like family here. We socialize and know what we want to do, so all of us are helping each other to get ahead.”

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Business Briefs and Accolades (Spring 2013)

This article first appeared in the UConn Business magazine, Volume 3, Issue 2 (Spring 2013)

Innovation for Business Growth in Fairfield County

Over 110 UConn Alumni and business leaders from the greater Stamford, Connecticut area gathered at the “Innovation for Business Growth in Fairfield County” event at the Stamford Learning Accelerator. The event, hosted by the UConn School of Business and The Business Council of Fairfield, Connecticut, featured a panel discussion on topics such as new business growth in Connecticut and why companies are relocating to Fairfield County. Continue Reading


Office of Diversity & Inclusion Hosts Promising High School Prospects

Eighteen high school students from Murry Bergtraum High School in New York recently spent a day at the UConn School of Business learning about college opportunity and all that the University of Connecticut has to offer. Office of Diversity Program Specialist Michael Mallery and students O’Rayne Clarke and Begum Abadin delivered presentations on college readiness and life in college. Afterwards, the students and counselors explored the UConn Student Union and got a chance to dine inside.

Student mentor and advisor of the Financial Women’s Association Mentoring Program, Beth Dorfman, a legal attorney with Bank of America, said, “I want to thank all of you for the outstanding job you did in welcoming our high school sophomores and juniors in our program and exposing them to UConn’s business school and college life. I can only imagine how much work went into making such a program come to life. You should know that your efforts exceeded our expectations and that meetings like the one we had, have a deep impact on the students.”

The School of Business Office of Diversity Initiatives Program Director Seanice Austin was very pleased with meeting the young students from New York.


CCEI Startup Strategy Competition – $40,000 in Prizes

The Connecticut Center for Entrepreneurship and Innovation (CCEI) at the UConn School of Business will host a Startup Strategy Competition as the second part of a two-event Startup Challenge Initiative. Building off the tremendous success of the Pitch Competition on April 8, the Strategy Challenge strongly encourages interdisciplinary teams—which typically reflect complementary skill sets, knowledge, and perspectives—to participate. There are no restrictions on subject matter or theme. Plans for any type of product, innovation, or service are acceptable.

Entries will be reviewed and judged by experienced professional entrepreneur mentors, and a maximum of ten finalists will be selected to present their ideas to the judging panel. The presentations will be held during the last week of classes (stay tuned for the exact date and place), and competitors will be allowed 10 minutes to present their ideas and five minutes to answer questions from the judges.

This competition is open to all UConn students—all majors, levels, and campuses are welcome and encouraged to participate. Please see the competition entry details below:

Written Entries Due: April 26, 2013

Finalists’ Presentations: Date & Time To Be Announced

Length: 5 pages maximum, plus 1 appendix page (optional). Note: Minimum font size no smaller than 11

Prizes: Total prize money to be awarded is $40,000

  • First Place: $20,000
  • Second Place: $10,000
  • Third Place: $5,000
  • Honorable Mention (2 prizes): $2,500 each

How to Enter: Official competition entries should be uploaded to the Business Plan Competition website. The submission tool will be made available by April 24th.

Entry Requirements:

  • Executive Summary: One or two paragraphs introducing your innovation.
  • Product: What is it that you are developing or proposing, and why is it significant, distinctive, and desirable? What will it cost you to make it and how much can you sell it for? How long will it take to get the innovation set for market and what steps do you need to undertake to make this happen? (One page maximum)
  • Market: What is the size of the overall market, who makes up the target market for your innovation, how do you plan to reach them (marketing and promotion), and what will they pay for your innovation (technology, product, or service)? (One page maximum)
  • Competitors: Who and what else is out there? Why are you better? (Suggested length: half page)
  • Team: Who is your team, and how will you be able to develop and market your innovation? (Suggested length: quarter page)

Questions? Contact Katie Huntington at khuntington@business.uconn.edu


CCEI Startup Challenge – Pitch Competition Winners and Written Plan Competition Announced

On Monday April 8th 2013, students chatted excitedly amongst themselves as they waited in line to register to pitch their business ideas at the CCEI Startup Challenge Pitch Competition. The large classroom in the Gentry Building was nearly filled to capacity with over 60 registered teams and students who attended to watch as audience members. The energy in the room before the competition started was tangible—all of the teams were interested in winning one (or more) of the ten $1000 prizes.

CCEI Startup Challenge Pitch Competition

Prior to the event, participants were able to see five of the ten award categories, but remaining categories were intentionally withheld to add to the excitement of the night. This competition was open to all UConn students (all majors, levels, and campuses), which was clearly reflected in the broad array of ideas that were presented. There were no stipulations about what the business ideas had to be about, and teams were encouraged to get creative. The organizers and judges for this event included former UConn student entrepreneurs who founded their businesses while still students at UConn. It was the intent of the CCEI (University of Connecticut Center for Entrepreneurship and Innovation, at the UConn School of Business) for this event to be young, fun, and student-led to add to the sense of camaraderie and creativity.

Teams and individual competitors raced through 90-second pitches. Over the course of four hours, judges listened to and questioned the presenters about their ideas, which ranged from gadgets and websites to new devices and household products. Kathryn Huntington ’06, Administrative Coordinator for the CCEI who served as lead organizer and a judge of the event said, “It was amazing to see all the different ideas that students have and are working on—it is our intent that by hosting this type of event that these ideas will be developed into actual businesses and spur economic development at UConn. During the breaks, you could see teams seeking each other out, exchanging contact information, and starting to talk to each other about teaming up and working on projects—this was exactly what we were hoping for.”

CCEI Startup Challenge Strategy Competition

On a college campus, ideas are sprung constantly, but not all of them come to fruition. Events like the CCEI Startup Challenge encourage students to really develop these ideas, and see how far they can take them. The impressive turnout at this event shows that the entrepreneurial spirit is growing at UConn. Participating teams were invited to take their ideas even further by participating in the other element of the CCEI Startup Challenge: a business strategy competition, which culminates during the last week of classes. It is the CCEI’s intention to offer programming that helps identify student entrepreneurs and bring them together, and to get them to think creatively about new business ideas. “The type of networking and collaboration we saw at this event among the participating teams was exciting, refreshing, and infectious—we hope that these students with the ‘entrepreneurial bug’ will help spread the word to their friends and classmates, and create a real network of collaboration among all of these bright-minded and creative individuals,” said Huntington.

Details on the Startup Challenge Initiative and the upcoming written plan competition can be found on the CCEI Startup Challenge Website.

Entrepreneurship at UConn

“The competition was a great way to get students to start refining their ideas, and preparing for questions they might hear from future investors,” says event organizer and judge Nadav Ullman ’12. “The cash incentive was a great way to get them to come out and pitch, but I think the learning experience was the most valuable part of the event.” Students with entrepreneurial ideas are encouraged to seek out faculty and professional mentors that can serve as resources and guide them through the process of taking something from the idea phase and turning it into a viable business venture.

Organizations like the CCEI, the Office of Technology Commercialization, the Office of Economic Development, and the Innovation East Hub all serve as resources for UConn students, faculty, and staff who are working on developing their entrepreneurial ideas. Event co-organizer and judge Mike Parelli ’12 encourages student entrepreneurs: “We were really surprised with both the quantity of pitches, and the quality. From various types of devices to the next Zumba, we had some great ideas that are being worked on right here at UConn. Our hope is to see these teams follow through and enter some of the other competitions that are happening.”

The CCEI hopes that the ten winners of the CCEI Startup Challenge Pitch Competition will utilize these resources and actualize their ideas. CCEI Executive Director Christopher Levesque ’87 extends congratulations to all of the winning teams and hopes to see written plans for many of the pitched ideas in the upcoming strategy competition. Judge Tom Bachant ’12 sums up this sentiment: “Students really got a chance to show off the passion they had for their ideas. I can’t wait to see where they go from here.”

CCEI Startup Challenge Pitch Competition Winners:

  • Best Pitch Presentation: Spine Fuze
  • Best Product Invention Idea: MacroPod
  • Best Mobile App Idea: KualaApp
  • Most Socially Responsible Idea: The 589 Project
  • Best College Targeted Idea: Meals to Money
  • Best Website Idea: PartsTech
  • Most Fundable Idea: Acetone Breath Analyzer
  • Most Likely to Go Viral: Picture of the Day
  • Best “Green” Idea: Graphine Toothpaste
  • Judges’ Favorite: Advanced Column Solutions

CCEI Startup Challenge Pitch Competition Organizers and Judges:

  • Tom Bachant ’12; Co-Founder, Sobrio
  • Adam Boyajian ’12; Co-Founder, Buses2
  • Kathryn Huntington ’06, Administrative Coordinator, CCEI
  • Mike Parelli ’12, Co-Founder, Buses 2
  • Nadav Ullman ’12, Co-Founder, Sobrio

GARP Interview: Prof. Chinmoy Ghosh of UConn Launches New Risk Management Master’s Program, Set to Commence this Fall

GARP Interview: Prof. Chinmoy Ghosh of UConn Launches New Risk Management Master’s Program, Set to Commence this Fall
CT Indian Life, Vol. 4, No. 1

The UConn MSFRM program will place more emphasis on practical applications, and operational and behavioral issues in risk management. Through collaboration with the financial services industry in the State of Connecticut, the program will provide a forum for interaction of academics and practitioners to focus on the practice of creating economic value by managing exposure to risk.