Morgan Stanley Announces Recipients of the 2007 Morgan Stanley Professorships
Morgan Stanley (NYSE: MS) is pleased to announce the first recipients of the Morgan Stanley Professorships Initiative. This new program funds the teaching and research of an elite group of business professors representing the Historically Black College and University (HBCU) network. This year’s recipients are Dr. Cheryl Allen, Associate Professor of Accounting at Morehouse College; Dr. Kasim Alli, Professor of Finance at Morehouse College; and Dr. Philip Fanara, Professor of Finance at Howard University.
“We are delighted to launch this innovative new initiative which builds on Morgan Stanley’s longstanding commitment to minority undergraduate scholarship,” said Marilyn Booker, Global Head of Diversity at Morgan Stanley. “The Morgan Stanley Professorships represent an ongoing commitment to the Historically Black Colleges and University network, enhancing a longstanding relationship between the HBCUs and Morgan Stanley. This is part of an overall commitment by Morgan Stanley to diversity initiatives that is estimated to reach $30 million over the next five years in outreach to populations that are under-represented in the financial services industry.”
The objective of the Morgan Stanley Professorship Initiative is to enhance the scholars’ ability to incorporate practical experience into both academic research and classroom teaching so they can better prepare students for careers on Wall Street. In addition to funding the professors’ salaries for the 2007-2008 academic year, Morgan Stanley hosted a six-week training program for the faculty to get “hands on” financial market experience at its headquarters in New York. Additionally, Morgan Stanley senior executives will participate in an exchange program with Howard and Morehouse, teaching designated segments of each professor’s academic curriculum to students.
According to Professor Philip Fanara of Howard University, “My time with Morgan Stanley has provided me with an invaluable experience of the pragmatic application of sophisticated financial tools in providing creative solutions to real world problems, and has engendered a number of new ideas for both future research and teaching.”
“To be able to observe, share ideas and interact with some of the best brains in the business and at the highest level of the organization has been a unique learning experience for us,” said Professor Kasim Alli, Morehouse College. “Our students will be the ultimate beneficiaries of this as we use this experience to enhance and keep our curriculum at the cutting edge of new developments in the industry.”
“The opportunity afforded my colleagues and me through this program is further evidence of Morgan Stanley’s continuous efforts and commitment to Morehouse,” said Professor Cheryl Allen, Morehouse College. “During my stay at the bank’s headquarters, one thing that I have consistently observed is the tremendous talent Morgan Stanley has in the form of its people. I have also noted the respect and camaraderie among all Morgan Stanley employees.”
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