For additional information on AltFinance, please visit AltFinance.com The selection comes after an extensive search by The Diversified Search Group. AltFinanceAltFinance: Investing in Black Futures is a 10-year, $90 million initiative established by Apollo Global Management, Inc. (NYSE: APO), Ares Management Corporation (NYSE: ARES) and Oaktree Capital Management, L.P. to help diversify the financial services industry. The AltFinance initiative will be administered by ALT Finance Corporation, a non-profit organization established by the three founding firms. The initiative is intended to provide clear pathways for students at partnering Historically Black Colleges and Universities (HBCUs) into careers in the alternative investment industry. The program provides access to education, training, mentorship, scholarship funding, internships and full-time career opportunities. The fellowship program will be managed in conjunction with Management Leadership for Tomorrow (MLT). The Wharton School of the University of Pennsylvania will be the exclusive academic partner and create a virtual institute.
“HBCUs are a valuable, yet often overlooked, part of the global talent landscape. As alternative investments become a bigger part of the economy, we are excited to partner with leading firms to ensure HBCU students are exposed to career pathways and positioned for success in the industry,” said Shaw. Shaw has spent more than 20 years as an executive in the financial industry with positions at Height Analytics, Piedmont Investor Advisors and Banc of America Securities. Most recently, he served as chief executive at The Company Lab, a nonprofit startup accelerator supporting entrepreneurial growth in southeast Tennessee. Shaw has also led programs dedicated to innovation, equity and development of young professionals at the Montgomery TechLab and MLT.
Shaw earned his MBA from Duke University, a B.S. in Mathematics from Morehouse College and another in electrical engineering from Georgia Tech. “AltFinance is uniquely committed to building and expanding pathways for Black students at HBCUs toward careers in alternative investment management. We believe there is no one better suited to lead our efforts than Marcus, who brings more than twenty years of financial and non-profit experience,” said Trey Pruitt, President, ALTFinance Board of Directors. “On behalf of the Board, I would like to welcome Marcus to AltFinance and look forward to working together to drive increased diversity in the alternatives industry.”
Related Links SOURCE AltFinance
The News Highlights
- Marcus Shaw Appointed CEO of ALT Finance Corporation
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week