Alumni Connections - No. 97 - August 2012

Alumni Connections is a sampling of alumni news. Alumni on the Move, Alumni to Know, CEO Watch: Taking the Lead, and CEO Watch: Making Headlines share news gleaned from media online and in print, including news submitted to Chicago Booth Magazine. Submit information about yourself or fellow alumni to

Alumni on the Move

ARC Capital Holdings Ltd.: Tian-Cho Chu, AB ’84, has been appointed a nonexecutive director on the board. Managed by ARC Capital Partners Limited, which is based in Hong Kong, the investment firm invests mainly in China and other Asian countries.

Robert W. Baird & Co.: Robert Rosenfeld, '06, has joined as a director on the consumer investment banking team. The employee-owned private equity and wealth management firm is headquartered in Milwaukee, Wisconsin.

Behringer Harvard: Michael Davis, '95, has joined as institutional sales director. Based in Addison, Texas, the investment firm creates, manages, and distributes global alternative investment programs for individuals and institutions.

BlackRock Inc.: Sue Wagner, '84, founding partner, is retiring as vice chairman and has been elected to the board of directors. She will continue to serve as director of DSP BlackRock Investment Managers. Headquartered in New York, BlackRock offers investment management, risk management, and advisory services.

Boston Scientific Corp.: Warren Wang, '01, has been appointed vice president and managing director of China operations. The company makes medical devices and is headquartered in Natick, Massachusetts.

Brookings Institution: Ernesto Talvi, AM '85, MBA '89, PhD '95, has been named senior fellow and director of the Latin American initiative. The nonprofit, independent research and policy organization is based in Washington DC.

Capgemini: Olivier Lefevre, '10 (EXP-15), has been promoted to vice president of Capgemini and CFO of application services North America, based in New York. He was previously CFO of infrastructure services North America, based in Toronto. Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services with $13 billion in revenue and 100,000 people in more than 30 countries."

Chicagoland Chamber of Commerce: Scott Swanson, '96, has been elected chairman. He previously served as vice chairman. Swanson is president of Charter One, a brand of RBS Citizens, N.A.

ChinaCache International Holdings Ltd.: Michael Ricks, '00 (EXP-5), has been appointed to the board of directors. Based in Beijing, the company offers internet content and application delivery services in China. Ricks is managing director and CEO of Investor Growth Capital Asia.

DTE Energy Company: James Nicholson, '67, has been named to the board of directors. The gas and electric utility company operates primarily in Michigan and is based in Detroit. Nicholson is president and CEO of PVS Chemicals, Inc.

The Florida Venture Forum, Inc.: Kevin Burgoyne, '01 (EXP-5), has been appointed executive director. The entrepreneurial networking group has a Tampa mailing address.

Hearst Magazines International: Gautam Ranji, '97, has joined as senior vice president, licensing and business development. Based in New York, the company publishes 300 magazine editions in more than 80 countries.

Hewlett-Packard Co.: George Kadifa, '89, has been appointed executive vice president, software division. Headquartered in Palo Alto, California, the company makes computers, printers, software, and other consumer products.

Kaiser Aluminum Corp.: Daniel Rinkenberger, '85, has been promoted to executive vice president and CFO from senior vice president and CFO. Based in Foothill Ranch, California, the company makes fabricated aluminum products for aerospace, engineering, automotive, and industrial applications.

Marsh & McLennan Companies, Inc.: Amy Hamilton, '98, has been promoted to vice president of internal audit. She was previously managing director, North America controller, risk and insurance services. The professional services and insurance brokerage firm is based in New York.

Pinnacle Biologics, Inc.: Robert Altman, '88,has been appointed chief commercial officer. The biopharmaceutical company is based in Bannockburn, Illinois.

PricewaterhouseCoopers LLP US: Gib Efird, '04, has been promoted to partner in the advisory practice. He is a member of the firm's financial due diligence practice in the San Francisco office. The accounting and consulting company is headquartered in New York. Efird is vice president of the University of Chicago's Bay Area Alumni Association and founder of the Booth Breakfast Club alumni networking group.

Risk Strategies Co.: John Wilcox, '93, has been appointed president and chief operating officer. The insurance company is headquartered in Boston.

Romanian Government: Lucian Isar, '09 (EXP-14), has been named minister delegate for the business environment.

Capital Partners, LLC: Richard deNey, '73, has been appointed managing director and head of technology investment banking. The investment bank is based in Newport Beach, California.

Spinnaker Coating, LLC: Mary Josephs, '89, has been appointed to the board of directors. Based in Troy, Ohio, the company makes adhesive coated paper.

Tweetalicious: Siva Kumar, '84, has been appointed to the board of advisors. The company shares shopping deals and coupons found on Twitter. Its executives and advisors are located in the San Francisco Bay area and in the Greater Philadelphia area. Kumar is CEO of

University of Illinois at Chicago: Michael Mikhail, MBA '97, PhD '99, has been named dean of the college of business administration.

Workers' Credit Union: William Mullin, '80, has joined as senior vice president of business banking and commercial lending. The credit union's main office is in Fitchburg, Massachusetts.

Alumni to Know

Fared Adib, '11 (XP-80), vice president, product development, Sprint Nextel Copr., carried the Olympic torch on part of the route from St. Andrews to Edinburgh, Scotland, on June 14, jogging past throngs of cheering spectators. The torch-carrying can be seen on a YouTube video.

Europe can avoid the financial chaos that the United States experienced after the Lehman Brothers, Inc. collapse by employing financial reforms like the ones the United States has put in place, urged Roger Altman, '69, in a Washington Post op-ed piece quoted by Moneynews on June 5. "Europe is on the verge of financial chaos," Altman wrote in the Post. "Global capital markets, now the most powerful force on earth, are rapidly losing confidence in the financial coherence of the 17-nation Eurozone. A market implosion there, like that triggered by the Lehman Brothers collapse in 2008, may not be far off." Altman recommended a European version of the Troubled Asset Relief Program that would include "a larger and instantly available sovereign rescue fund that could temporarily finance Spain, Italy, or others if those nations lose access to financing markets," Altman said.

In a June 1 Post article, the Eurozone was mentioned as a potential topic at the secretive Bilderberg conference this year. Altman also was mentioned in the article as a financier who attended the Bilderberg gathering. Altman is the former deputy U.S. Treasury secretary and founder of Evercore Partners, Inc.

Entrepreneur Jacqueline Baptist, '02, is helping to make a documentary about the ups and downs encountered by women entrepreneurs, She Means Business. "Women entrepreneurs face more challenges than their male counterparts in their journeys toward business success, especially with regard to raising capital," Baptist said in a June 14 PRWeb article picked up by the Albany (New York) TimesUnion. Baptist is serving as executive producer.

Colin Camerer, MBA '79, PhD '81, was named as a shining example of a student who was able to get into an MBA program at a relatively young age. He was 20, while most candidates for MBA programs are 27 or 28, said a June 13 BrightNetwork blog post in the UK. Today Camerer is an economics professor.

Cleve Carney, '66, is giving more than $1 million in money and artwork to the College of DuPage in Glen Ellyn, Illinois, said a June 30 Chicago Tribune article. With the funding, to be made available after Carney's passing, the Cleve Carney Art Space will be established within the McAninch Art Center, the article said.

Singapore is facing a major housing oversupply, said Wai-Keung Cheng, '73, managing director and chairman of the board of Wing Tai Holdings Ltd. In a June 8 article on, Cheng also warns of overcorrections to the market

Intervale Capital, LLC is approaching investors to close on its second fund for a potential $375 million, according to a June 8 Dow Jones/LBO Wire article. This shows the popularity of Intervale's strategy to invest in oilfield services companies, the article said. Charles Cherington, '92, is cofounder and managing partner of Intervale.

Charles Doyle, '96 (XP-65), a Sandler training consultant, joined with Rotary Club International to sponsor a sales training day for business owners that also raised money for Rotary's Eradicate Polio program. The six-hour event was slated to occur on June 11 in San Ramon, California.

The Emerging Leaders Class of 2010 has recommended that a $10 million philanthropic venture fund be established to support innovative projects that aim to help Chicago Public School students improve in science, technology, engineering, and math skills. The so-called ELP Ventures fund is described in an Emerging Leaders Perspective report, "ELP Ventures: Supporting Innovation in Public Education for Chicago's Global Future." Joshua Paul Fairbank, '06 (XP-75), partner in Orchard Venture Partners and member of the Emerging Leaders Class, was among those slated to discuss the report at a Chicago Council meeting on June 19

Paula Fasseas, '96 (XP-65), has been named as a Chicago Tribune "Remarkable Woman" for her work with animals. Fasseas founded PAWS, Chicago's largest no-kill animal shelter. PAWS started as an advocacy agency in 1997 but soon began to offer adoptions and spay and neuter programs to fill the need, the article said. It adopts out about 5,000 dogs and cats a year and sends about 600 a year into foster care, the Tribune said. Fasseas switched from bank development work to animal welfare because of her daughter. "She had volunteered at a traditional humane society and was shocked when she saw that animals were being killed," Fasseas told the Tribune.

Japanese bank Mizuho Bank, Ltd. wants to participate in American deals and has just the man to represent it: William Getz, '93, managing director and head of the bank's US acquisition finance group. Mizuho served as joint bookrunner in the $7.2 billion leveraged buyout of Samson Investment Co. last fall, according to The Deal Magazine, which published a profile of Getz on May 25. Getz said that the Tokyo-based bank passes on deals where it would be unwilling to risk its own money, and stakes a good chunk of LBO credit on deals it joins in. "We want to make the case that investors are aware we stand by the credits that we underwrite; we never sell down to a zero hold," Getz said in the magazine article.

Ki Myong Hong, AB '79, MBA '81, holds positive expectations for asset management in Asia. Hong is head of Asia Pacific for Pacific Investment Management Co., also known as Pimco. The future of asset management in Asia "is underpinned by strong economic growth potential relative to the developed markets; there's a great deal of individual wealth that is building up in the region in the retail and high-net-worth levels," Hong told the Wall Street Journal in a June 17 article. "On the whole, Asia has had a saver's mentality, and this will evolve over time into an investor mentality. It has also been a bank-dominated market and as that relaxes the financial and capital markets will move from early stages of development. Although the region as a whole lacks regulatory development, it will soon become priority subject matter for all local asset-management companies."

Kenton Klaus, '87 has received the 2012 Outstanding Leadership in Advancing Diversity Award from the Illinois CPA Society. Klaus, partner, global employer services for New York - based Deloitte Tax LLP, has sought to bring individuals with disabilities into the profession, said a June 13 PRNewswire-USNewswire article.

Maged Latif, '02 managing director, global co-head of financial institutions advisory, London - based HSBC Group, was quoted in the Financial Times May 29 "World Views" column. "FIG M and A activity continues to evolve, dominated by clean-up and portfolio-reshaping divestitures by banks and to some extent insurers, mainly in Europe," Latif said. "The ongoing financial crisis, coupled with material regulatory change, is sharpening CEOs' focus on business scope, strategic fit, and economic returns on allocated capital. There is also a trend to increasing the share of capital deployed in home markets, and a near-universal aversion to transformational mergers due to significant regulatory hurdles."

3M Co. is buying FSTech, the electronic tolling business of Federal Signal Corp., according to published reports. The deal is expected to be completed by year's end, 3M said. "I think the price and growth expectations right now are a little bit more realistic than they were over the last year or two," said David Meline, '86, 3M CFO, at an investor conference. He was quoted in a June 21 Reuters article about the 3M purchase.

Alana Muller, '98, president of Kauffman FastTrac, has written several guest posts as a Forbes columnist. In one dated June 18 she discusses the importance of having a proper entrepreneurial ecosystem. "If you are a would-be entrepreneur considering a new company, here's an important tip: Wherever you choose to locate your firm, make sure there is an entrepreneurial ecosystem in place to support your efforts," Muller said. She added that "no company has ever succeeded without the backing of a solid support network." This includes partners, peers, mentors, advisors, friends, and customers, she wrote.

A new data center in London is being created. It is being funded by a partnership consisting of Apollo Global Real Estate and Glebe Asset Management Ltd., said a June 7 Business Wire article published in the New York Times. "We are thrilled to have partnered with Glebe Asset Management on the acquisition and refurbishment of this facility," said Roger Orf, MBA '77, JD '79, managing director and head of Apollo Global Real Estate Europe. "We believe there is simply no better location for a world-class data center than in Central London in close proximity to the world's leading businesses. The future prospects for this center are extremely encouraging as local businesses' data requirements continue to expand."

Manny Roman, '87, is credited with bringing his friend Luke Ellis out of retirement and into a position at Man Group, where Roman is chief operating officer. In a June 6 story about Ellis in The Telegraph, Roman is described as "widely regarded as the power behind the throne and not a person people find it easy to say no to." Roman worked for 17 years at Goldman Sachs, before becoming a partner at GLG Partners, Inc., which became a wholly-owned subsidiary of Man in 2010.

George Sauter, '80, is retiring at year's end as chief investment officer of The Vanguard Group, Inc., where he has worked since 1987. The mutual fund firm is based in Valley Forge, Pennsylvania. "I have been here 25 years and I have done about as much as I can do," Sauter told Bloomberg in a June 27 article. He said he may decide to teach at a university or go back to school for a master's in mathematics.

Traditional economic cycles no longer hold sway but are being disrupted, Diane Swonk, '89, said in a keynote to the DuPage County Regional Business Outlook. Swonk, chief economist and senior managing director for Mesirow Financial Holdings, Inc., said that usual cycles, like low interest rates leading to a higher number of home purchases, can't be counted on. Such cycles are being affected by government deficits, high unemployment, and a gap in workforce education, she said in a May 2 article in the Daily Herald.

Christopher Turillo, '10, has been named a 2012 Echoing Green Fellow. Turillo cofounded Medha, a program "to better prepare India's youth for life after school. We support existing college and high school students with employability training, leadership development, and career services," according to the Medha website. Echoing Green said its fellows are "visionaries with ideas so bold and convictions so strong they could shake the world."

CEO Watch: Taking the Lead

Andrew Appel, '91
President and CEO
SymphonyIRI Group, Inc.

Headquartered in Chicago, the market research firm serves consumer, retail, and healthcare companies.

Timothy Clark, '92
Urban Ventures Leadership Foundation

Based in South Minneapolis, Minnesota, the organization offers afterschool, teen mentoring, and parenting programs designed to end neighborhood poverty.

Igor Kouzine, '01
Chairman and CEO

The retail and investment bank, one of the first privately owned banks in Russia, is headquartered in Moscow.

David Lockwood, '83
President and CEO

Headquartered in Salt Lake City, the international nuclear services company has operations across the United States, Canada, the United Kingdom, and other countries.

Michel Maila, MBA '81, PhD '83
President and CEO
Global Risk Institute in Financial Services

The public-private partnership of financial sector companies, governments, educators, and professional organizations works to promote Canada's financial system. It is based in Toronto.

Prabhakar Reddy, '09 (XP-78)
Global CEO
GlobalOutlook, Inc.

A portfolio company of Naya Ventures, GlobalOutlook offers hosted email, apps, and communication services. It is headquartered in Irving, Texas.

John Workman, '85
Interim CEO
Omincare, Inc.

The pharmaceutical company is headquartered in Cincinnati. It offers pharmacy, consulting, and data management services for skilled nursing, assisted living, and other chronic care institutions. Workman also will remain president and CFO.

CEO Watch: Making Headlines

Andrew Alper, AB '80, MBA '81
Chairman and CEO
EQA Partners, LP

Alper commented on his firm's appointment of Randall Kroszner, Norman R. Bobins Professor of Economics, as partner and to the newly created position of chief economist. Kroszner, a governor of the Federal Reserve System from 2006 to 2009, will continue his professorship. "Randy's experience as a macro-economist, a Fed governor and a member of the Council of Economic Advisors gives him a unique perspective on the policy debates driving capital flows and currency markets," Alper said in a June 5 PRNewswire article that was picked up by other media outlets. He added, "I've known Randy for many years and find him to be one of the clearest, most articulate economists analyzing central bank policies. As policy debates play out, especially in Europe, there will be significant opportunities in currency markets. Randy's insights and knowledge of how policy is created will help us take appropriate risks and navigate these markets."

Jeff Best, '01
Katanga Mining Limited

Best has received the Distinguished Alumni Achievement Award from his undergraduate alma mater, New Mexico Institute of Mining and Technology. Headquartered in Zug, Switzerland, Katanga Mining runs a large-scale copper cobalt project in the Democratic Republic of Congo.

Juan Cartagena, '12 (EXP-17)
Founder and CEO

The Madrid based start-up uses scientific methodology to rank people by their reputation and traits. It won the Seedcamp Berlin competition. In a May 31 article at announcing the winners, TraitPerception's search engine was described as offering a "'credit rating' of people's goodness, using comparative peer evaluation." As a competition winner, TraitPerception received investments from 500 Startups and Seedcamp itself.

Charisse Conanan, '10

Adrissha Wimberly, '10
Chief Operating Officer

The company, which helps recently employed graduates figure out how to manage and budget their paychecks, was profiled in a column written by Jeff Carter, '07 (XP-76), for "Not only is Smarteys a financial trailblazer for individuals, but the founders are trailblazers in their own right," Carter wrote. The column also features a photo of Conanan and Wimberly in front of the Polsky Center for Entrepreneurship. And it gives a shoutout to Smarteys' advisory board, which includes Richard Thaler, Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics.

Thomas Doctoroff, '89
North Asia Director and Greater China CEO
J. Walter Thompson

Doctoroff, author of the book What Chinese Want: Culture, Communism and China's Modern Consumer, has written "What the Chinese Want" for The Saturday Essay column May 18 in the Wall Street Journal. Western brands are popular in Chinese cities but that doesn't mean the Chinese people themselves are becoming westernized, Doctoroff wrote in the column. "If I've learned anything from my 20 years working as an advertising executive in China, it is that successful Western brands craft their message here to be 'global,' not 'foreign' - so that they can become vessels of Chinese culture," Doctoroff wrote.

Seyi Fabode, '10

The company runs a website that lets consumers compare prices on electric utilities and purchase electricity from alternative sources. In a Q and A published June 11 in IdeaMensch, Fabode said he is excited by "the move back toward a more connected society, despite technology seemingly making us more distant. I'm also excited about the increasing interest in design and its application into every sector of our lives."

He was asked, "As an entrepreneur, what is the one thing you do over and over and recommend everyone else do?" Fabode replied: "Read and filter. Read almost everything that comes your way, but filter very quickly. There are lessons or nuggets of information to be gleaned from everything out there. But be selective about how you apply/use this information. And, at least once a day, read something totally outside of your interests. You never know what you might learn."

Avi Levine, '11
Cofounder and CEO

The start-up launched in May in Beta form creates a visual inbox with icons. "We've created a simple interface that lets the user filter tens of thousands of brands - social, deals, commerce, newsletters - and seamlessly separate personal email from brand email," Levine said in Crain's blog for Chicago entrepreneurs. He said the icons appeal to consumers who are used to smartphone apps. Levine works out of 1871, the tech hub at Merchandise Mart in Chicago, the blog said.

Matt Maloney, SM '00, MBA '10
Cofounder and CEO

A video has been made of company cofounders Maloney and Mike Evans closing out tech hub 1871's opening week with tales about creating their start-up. The video will become the first in a series, "Chicago Founders Stories @ 1871," which will consist of the filming of start-up founders sharing their stories during an evening of pizza and beer, said the Built in Chicago June 11 blog entry. The GrubHub founders' video was an hour long, broken into five parts. It features such tidbits as how the two made good use of the book Selling for Dummies, and the crucial role the fax machine played in their success. GrubHub is an online food ordering app.

Howard Marks, '69
Cofounder and Chairman
Oaktree Capital Management

Marks is scheduled to speak on August 13 at the Standard Club in Chicago as part of CFA Chicago's Distinguished Speakers Series.

Jon Morris, '05
Rise Interactive

A digital marketing agency that focuses on web traffic generation and analytics, the company announced on June 14 that it is entering an agreement to become a Google Analytics certified partner. "I am very proud of the dedication and leadership of our analytics team in achieving this distinction," Morris said in a June 14 PRNewswire article. "Our level of professionalism and intelligence has been rewarded, and I know we will continue to be leaders in the industry." Rise, which recently was ranked one of CNNMoney's 100 Fastest Growing Inner City Businesses, can add a new distinction: It was named by Five Elms Capital as the 22nd fastest growing company in the Midwest and the third fastest growing company in Illinois. These recognitions come as part of Five Elms Capital's Flyover50 awards, according to a June 20 PRNewswire article.

Martin Nesbitt,'89
President and CEO
TPS Parking Management, LLC

Nesbitt is being honored with one of three Father of the Year awards, in recognition of his efforts to balance fatherhood and a professional life, while helping the community. The award is presented by the American Diabetes Association.

Alexandre Penet, '09 (EXP-14)
Owner and CEO
Champagne Penet-Chardonnet

Penet represented his winery in the World Gourmet Summit 2012, which ran from April 23 to May 3. Based in the Reims area of France, the business has been in Penet's family for five generations. The Summit presented this information about Penet on its website: "From a young age, Alexandre assisted first his grandfather Emile and then his father Christian in the ancient art of champagne making, developing from childhood a passion for the family heritage. After having worked in different industries during the early part of his professional career, he is now able to bring together the efficient processes learnt in his strategic management experiences with his life-long family wine expertise, substantially enriching a business where tradition and modernity go hand in hand."

First it was low cost housing. Now Jerry Rao, '81, has expanded into affordable quality prep schools and daycare centers, said a May 26 Outlook Business magazine article. Rao is chairman of Value & Budget Housing Corp., parent of VBHC Education Services and its offshoot, the Kids, Learning and You (KLAY) chain of schools. "Quality education coupled with day care is a rather novel concept in India," said Rao, who is VBHC Education Services chairman emeritus. "There exists a void in this sphere."

Borna Safabakhsh, '11
Cofounder and CEO
Agile Diagnosis

The Agile Diagnosis app gives medical professionals access to consensus-based best practices and guidelines. Hundreds of billions of dollars a year could be saved by reducing misdiagnosises, Safabakhsh said in a June 14 article on The article listed Agile Diagnosis as part of the second reason out of 13 to be optimistic about health care.

Mary Ann Tolan, '92 (XP-61)
Accretive Health, Inc.

The company announced in May that it is convening a panel of health care policy experts to try to standardize financial interactions between health care providers and patients. "We believe strongly the industry will benefit from a thoughtful, independent, collaborative review and process, and we feel confident the industry will welcome this as a solution to a difficult, but critical challenge every patient and medical provider shares," Tolan said in the announcement. "We believe we have been a positive part of the process to date in our work for leading healthcare providers, helping thousands of formerly uninsured individuals get coverage for care. We hope this group becomes the gold standard for compassionate and fair patient interaction, reducing system errors and anxiety among patients about their cost of care, and making sure they are informed about coverage options regardless of their ability to pay."

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