University Names Center for Entrepreneurship to Recognize Ain Gift
|Carolyn and Mark Ain|
“We are deeply grateful to Mark and Carolyn for their continued generous support of entrepreneurship education at the University of Rochester,” said President and CEO Joel Seligman. “This gift will help us build on our momentum as a national leader in entrepreneurial education.”
Mark Ain ’67S (MBA) is the former chairman and CEO of Kronos Incorporated, the Chelmsford, Massachusetts-based workforce management company he founded in 1977. He earned his MBA from Simon in 1967.
“Mark is a tremendously successful entrepreneur and his success is a testament to the value of a Simon education,” said Dean Andrew Ainslie. “Thanks to Mark and Carolyn’s generosity, we will continue to provide education and support for our students interested in starting their own businesses or working for entrepreneurial companies.”
Since 2007, aspiring undergraduate and graduate student entrepreneurs at the University have had the opportunity to present their business models to a panel of judges during the Mark Ain Business Model Competition.
“Mark Ain has been a steadfast supporter of entrepreneurship throughout the University,” said Duncan Moore, University vice provost for entrepreneurship, Rudolf and Hilda Kingslake Professor of Optical Engineering, and Simon area coordinator for entrepreneurship. “It is fitting that the Ain name will henceforth be associated with educating the entrepreneurs of the future.”
Ain says he got involved with entrepreneurship at the University to help stimulate the regional economy by encouraging students to think about starting their own ventures, and he wanted to give back. “It has been thrilling to promote the growth of entrepreneurship at the University and the Simon Business School over the past 10 years,” Ain said. “Rochester has become a prime innovator and a place where people can easily start and grow companies. I’m proud to be a part of it.”
Simon NYC Programs Have a New Home
|Dean Andrew Ainslie, New York Law School President and |
Dean Anthony W. Crowell, and University of Rochester President
and CEO Joel Seligman celebrate the Simon/NYLS partnership.
The agreement between the professional academic institutions is a creative, multi-year arrangement that aims to form an innovative partnership to optimize resources and capitalize on the different schedules and programs of the two institutions.
Simon offers courses in New York City for 13-month part-time graduate programs designed for working professionals, with MS programs in finance, management, and health care management. Simon students attend classes primarily on weekends, while students of NYLS, which offers full- and part-time law degree programs and a two-year JD honors program, attend primarily during the week with some weekend options.
Simon’s New York City Center, which had been located in a commercial office building, moved its New York City administrative offices and academic course offerings to the state-of-the-art NYLS facility. Students are now able to take advantage of the classrooms, library, meeting and event spaces, and other amenities of NYLS’ high-tech urban campus, located at 185 W. Broadway at Leonard Street.
The move to lower Manhattan provides students with a comprehensive and unmatched learning environment, along with direct access to Wall Street, the city’s civic center, and tech corridor. This is the only co-located law school and business school under one roof in New York City. “We look forward to welcoming the business school faculty, staff, and students to our campus and building a culture of community between our schools, while maintaining each individual institution’s identity,” said NYLS Dean Crowell.
“This is a tremendous new home for Simon’s New York City graduate business educational options with exciting potential to expand our reach,” said Simon Business School Dean Andrew Ainslie. “NYLS and the University of Rochester have in common a deep heritage of a combined 280 years of serving our respective communities. This is the start of a great relationship. It has the potential to grow deeper by exploring joint educational opportunities.”
Each institution offers an impressive array of course offerings and opportunities for high-caliber professional study. The schools are working to develop new opportunities for law students to receive business education as part of their legal studies, as well as to offer corresponding legal coursework to business school students.
Dean Andrew Ainslie, New York Law School President and Dean Anthony W. Crowell, and University of Rochester President and CEO Joel Seligman celebrate the Simon/NYLS partnership.
Exploring Health Care Innovations
It is estimated that by 2030, enrollment in Medicare will double to approximately 80 million people, creating a critical need to reassess methods of health care delivery. Co-organized by Abraham (Avi) Seidmann, Xerox Professor of Computers and Information Systems and Operations Management at Simon, and Dr. Ray Dorsey, David M. Levy Professor of Neurology and co-director of the Center for Human Experimental Therapeutics at the University of Rochester Medical Center, the d.Health Summit explored disruptive health care models, new applications of technological advances, creative economic models, enlightened health care policies, and novel partnerships and alliances.
Prof. Seidmann and Dr. Dorsey are researching new treatments for movement disorders to improve the way care is delivered for individuals with Parkinson’s disease and other neurological disorders. Using simple, Web-based video conferencing or telemedicine, they are seeking to provide care to individuals with these diseases anywhere they live.
Former All-Pro NFL linebacker and renowned yogi and mindfulness expert Keith Mitchell announced a new collaboration with the URMC that combines holistic medical practices and traditional Western medicine to treat military veterans and former NFL players, which could serve as a new model to care for America’s aging population. For more, visit www.dhealthsummit.org.
Commencement 2015 Celebrates Success
|Dean Andrew Ainslie presents Empire State Development |
Corporation CEO Howard Zemsky ’86S (MBA) with the Distinguished
Alumnus Award. Zemsky delivered the Commencement address.
Howard Zemsky ’86S (MBA) gave the Commencement address and received the Distinguished Alumnus Award. Zemsky is president and CEO of the Empire State Development Corporation and commissioner of New York State economic development. A graduate of Simon’s Executive MBA Program, he was appointed by Governor Andrew Cuomo in January 2015 to the post. Zemsky is a Buffalo-area developer who led the redevelopment of the historic Larkin District with his company, Larkin Development Group, and worked closely on the governor’s Buffalo Billion Initiative. He is also chairman of the Niagara Frontier Transportation Authority. In addition to his Simon MBA, he earned a bachelor’s degree from Michigan State University.
A longtime Simon benefactor, Zemsky has hosted alumni gatherings in the Buffalo area (including at the Larkin Building he redeveloped), mentored students, and helped attract prospective students. He has also generously supported Simon through his membership in the George Eastman Circle, the University’s leadership giving society.
“The best decision I ever made in my career was to earn an MBA from Simon,” Zemsky said. “The professors I had changed the way I think about the world. I am very bullish on your future indeed. You have already planted the seeds of your successful future.” Zemsky urged the graduates to maximize every opportunity. “You never know where something will lead,” he said. “You should continually explore new avenues and challenge yourself. When you change one life, you will change the world.”
Simon Announces New Faculty Hires
Simon welcomes three distinguished scholars and promotes two current faculty members.
Vincent Hope, adjunct lecturer in marketing, has been promoted to full-time clinical assistant professor of marketing. Hope has a 30-year career in leveraging customer knowledge in the creation of business opportunities. His experience is in business development, market research, and smart marketing applications for data-rich environments. Hope started his career in industrial film and TV commercial production and went on to help build and lead the globally recognized market research firm Hope Reports. With lifelong service to Fortune 500 companies, in recent years he has privately developed corollary capabilities for regional and young startup firms. Hope earned a BS in psychology at Denison University and an MBA in finance at Rochester Institute of Technology.
Ready, Coauthors Earn Prestigious Research Award
Ready won first prize for his paper “Commodity Trade and the Carry Trade: A Tale of Two Countries,” which describes a general equilibrium model of international trade and currency pricing that can be used to understand profitable carry-trade strategies. The AQR Insight Award honors exceptional unpublished papers that provide original, intelligent approaches to important issues in the investment world, and that stand up to rigorous review.
Ready’s research interests are in asset pricing, macrofinance, and international finance; his recent research focuses primarily on commodity prices. His current projects include studying how changes in production conditions lead to changes in the riskiness of commodity derivatives, and examining the relation between commodity price risk and currency risk. He is examining in detail the relations between oil prices and stock market returns as well.
Ready earned a BA in economics from Carnegie-Mellon University and a PhD in finance from the University of Pennsylvania.
Changes Made to the Part-Time MBA Program
In response to student input and market needs, Simon Business School is restructuring its Part-Time MBA offerings into one centralized program. Starting in September 2015, the renamed Professional MBA (PMBA) program will open need-based and merit scholarship opportunities, as well as team-building and networking skills, to all part-time students.
“The PMBA program preserves all the flexibility business professionals need, in team-based cohorts with a higher level of support and services to ensure success in Simon’s rigorous program,” says Carin Cole ’99S (MBA), assistant dean for professional and part-time programs. “In addition to team-building skills, all students will get to experience orientation, full support services, and the opportunity to take courses in an optimal sequence.”
The program, composed of 64 credit hours with nine core courses and 11 electives, may be completed in two and a half to seven years. Students will continue to learn from the same world-class faculty and choose from the same concentrations as the Full-Time MBA program. The restructured program will also provide more focus on networking with broader interactions among student groups.
Lam Delivers Gift to River Campus Libraries
|Joel Seligman, University of Rochester president and CEO; |
Mary Ann Mavrinac, dean of River Campus libraries; and Evans Lam.
Evans Lam Square, a state-of-the-art meeting space located off the Roger B. Friedlander Lobby of Rush Rhees Library, will serve as the central location for library users to do research, collaborate on projects, explore new technology, and unwind. As an undergraduate, Lam worked at the Rush Rhees circulation desk.
In 2012, the Lams endowed the Susanna and Evans Y. Lam Professorship, held by Simon faculty member Joanna S. Wu. They have also generously supported several other University-wide faculty and student initiatives. The Lams are charter members of the George Eastman Circle, the University’s leadership giving society.
Evans Lam is senior vice president of wealth management and senior portfolio manager at UBS Financial Services, Inc. in Pasadena, Calif. Prior to joining UBS in 2008, he was senior vice president at Citigroup Smith Barney for 17 years. Susanna Lam is a retired CPA, as well as an accomplished opera singer and performer. Evans remains closely connected to the University as an advisor, leader, and philanthropist, serving as a University trustee and member of the Simon National Council and the Simon Executive Advisory Committee. He is also a member of the University’s Los Angeles Regional Cabinet.
Simon Welcomes New Assistant Dean
Amy Bruinooge is Simon’s new assistant dean for strategic initiatives. She was previously senior director of academic planning and personnel at UCLA Anderson. Prior to that, she was senior personnel analyst for the Divisions of Humanities and Undergraduate Education in the College of Letters & Science. She holds a BA in English from UCLA and a PhD in innovation and policy change in higher education from the UCLA Graduate School of Education.
Ain Business Model Competition Winners
Student startup MotionCorrect was awarded first place and $10,000 in the ninth annual Mark Ain Business Model Competition on May 13. The team included Junning Chai ’15S (MS); Sairam Ramasubramaniam ’15S (MBA); Nishant Saboo ’15S (MBA); and Wenli Wang, a doctoral candidate in biomedical genetics.
Chopra, Mistretta Named Among Top 50 MBAs
|Kanika Chopra (left) and Louis Mistretta|
VC Team Wins Competition
The Simon team won the Entrepreneurs’ Choice award at the Venture Capital regional competition on February 20, 2015, at Yale University. The award is given to the team judged to be the best potential business partner.
Welcoming New Hires
|Left to right: Jeff Piscitelli, Jim Newton, Adam Gasiewicz|
Prince Named a Trustee
IDS Breaks Ground
Work began this summer on the construction of Wegman Hall, home to the just-established Goergen Institute for Data Science (IDS). The new building will serve as an anchor to a planned science and engineering quadrangle. Wegman Hall will be a four-story, state-of-the-art building with lab space, collaborative work areas, classrooms, and offices.
Simon Partners with the Toigo Foundation
Simon Business School is partnering with the Robert Toigo Foundation to offer prestigious Toigo Fellowships for admitted full-time MBA students concentrating in the area of finance. The partnership, which capitalizes on Simon’s respected strength in finance, will provide tuition assistance, networking, and career guidance for admitted full-time MBA students from underrepresented minority groups.
“We are proud to partner with the Toigo Foundation to offer these fellowships,” said Rebekah Lewin ’02S (MBA) assistant dean for admissions and student engagement. “They offer financial support and a tremendous opportunity for broader networking, professional associations, and career support beyond the already robust Simon network.”
Simon has one of the most diverse student bodies among top business schools. It is one of the earliest members of The Consortium for Graduate Study in Management, an alliance of leading US business schools and members of the national business community whose mission is to encourage and enable African American, Hispanic American, and Native American college graduates to attend full-time MBA programs and pursue successful business careers. The School also belongs to the National Black MBA Association, the National Society of Hispanic MBAs, and Management Leadership for Tomorrow.