WASHINGTON (March 5, 2018) --- Howard University School of Business (HUSB) recently unveiled its new Bloomberg Finance Lab in front of a standing-room only crowd of students, faculty and alumni. The lab, made possible through a generous $250,000 gift from alumnus Wendell E. Mackey, CFA, will be used to prepare students to excel in finance-related fields.
“We are extremely appreciative of Mr. Mackey’s donation to the Howard University School of Business, which not only supports the Bloomberg Finance Lab, but also student scholarships,” said President Dr. Wayne A. I. Frederick. “In this full circle moment, we get to witness a student who once benefited from a quality Howard education, return to give back so that the next generation of students can experience the same.”
Mackey fondly recalls taking photos in front of the then newly constructed School of Business on the day of his graduation ceremony in 1986. It was in that moment that he vowed to one day give back to his alma mater. Today, Mackey is a Founder, Co-Chief Executive Officer, and Chief Investment Officer for Channing Capital Management, LLC in Chicago.
“I am honored to present this gift to Howard University on behalf of myself and Channing Capital Management. I also want to thank my great business partners Rodney Herenton and Eric McKissack for their support along our journey together,” said Mackey. “The skills that the students will achieve with the added benefit of utilizing a Bloomberg Finance Lab will be invaluable to their careers.”
The Bloomberg Terminal is a software platform that provides real-time and historical data, market moving news and analytics to help leading business and financial professionals worldwide make better informed investment decisions. The service also features execution platforms for every asset class, research and a global network to communicate securely and reliably. Howard University has contracted to have 12 Terminals with two Terminals earmarked for economics and computer science students.
"We are thrilled to partner with Howard University and offer its students and professors access to the same market-moving news and data relied on by leading business and financial professionals around the globe," said Erika Irish Brown, Bloomberg's Global Head of Diversity & Inclusion. "We hope that Bloomberg Finance Lab's training and coursework will give Howard students seeking careers in financial services an additional competitive edge, while also familiarizing Howard's computer science students with the technology underlying the Bloomberg Terminal."
“The Bloomberg Lab will greatly enhance the academic skills of our undergraduate and graduate students in finance, accounting, marketing, supply chain and management, and enhance their professional marketability,” said Barron Harvey, Ph.D., dean of the Howard University School of Business. “In addition, the lab will greatly impact the research productivity of our dedicated faculty in the School of Business.”
As part of the gift to the University, a portion will be used to establish the Wendell E. Mackey/Channing Capital Management, LLC Scholarship, which will sponsor four student scholarships over the next two years for School of Business students. During the ceremony, the two scholarships were presented to Christopher Austin, a junior finance major from Chicago, and Taylor Stephens, a freshman finance major from Atlanta.
“I very much appreciate this scholarship award for the simple fact that someone wants to help me advance my education,” said Austin. “There is no better feeling than knowing that others believe in my future and want to help me along the way toward pursing my goals and dreams.”
Photo Cutline: Howard University School of Business (HUSB) unveiled its new Bloomberg Finance Lab, made possible through a generous $250,000 gift from alumnus Wendell E. Mackey, CFA. Pictured L to R: HUSB Dean Barron Harvey; President Wayne A. I. Frederick; Wendell Mackey, CFA; HU Trustee Norman Jenkins; and Bloomberg Representative Paras Doshi.
Media inquiries contact:
Alonda Thomas, Howard University, firstname.lastname@example.org
About Channing Capital Management
Channing Capital Management provides investment advisory services for institutional investors. Long-term performance and tailored client service are long-standing precepts that drive everything we do. Each of our five strategies is managed by one disciplined approach: Intrinsic Value. And by employing a research-intensive, fundamental, bottom-up process, we build portfolios positioned to generate solid long-term performance, with managed risk.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg's enterprise solutions build on the company's core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company.
About Howard University
Founded in 1867, Howard University is a private, research university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced four Rhodes Scholars, nine Truman Scholars, two Marshall Scholars, one Schwarzman Scholar, over 60 Fulbright Scholars and 22 Pickering Fellows. Howard also produces more on-campus African-American Ph.D. recipients than any other university in the United States. For more information on Howard University, visit www.howard.edu.
About Howard University School of Business
The Howard University School of Business is a highly recognized school with rankings that include Bloomberg Business Week, US News & World Report, Fortune magazine, and the Princeton Review. The School of Business and its award-winning programs were the first AACSB international accreditation business school in the Washington, D.C. area. www.bschool.howard.edu