May 08, 2008

By Tracy Mlakar

LOS ANGELES - UCLA Anderson received an investment of $10 million from BlackRock Chairman and CEO Laurence D. Fink (MBA ’76, UCLA ’74), and his wife Lori Fink. The gift endows the Center for Finance & Investments, which will be renamed the Laurence D. and Lori W. Fink Center for Finance & Investments in recognition of the Fink’s generosity.

See exclusive article in the Financial Times.

Of this gift, $3 million will be used to create the Laurence D. and Lori W. Fink Endowed Chair in Finance pending approval by the academic senate; the remainder will support MBA and PhD fellowships, and provide critical ongoing support for the center and its activities.

“I am deeply grateful for Larry and Lori’s extraordinary support for the school,” says UCLA Anderson Dean Judy D. Olian. “With their vision and commitment, we will further enhance the reputation of the Center throughout the finance, academic and professional communities, having an impact on national and global financial markets.”

Since the center launched in 2006, it has created mutually beneficial synergies between academia and practitioners. Through conferences and newsletters, the center allows the discoveries of the center faculty’s relevant and innovative research to be disseminated to practitioners.

“Academic research cannot be insular; it must be relevant and effectively communicated to achieve maximum impact,” says Fink. “Lori and I are excited to support the Center in its role of channeling these valuable findings, giving finance professionals an opportunity to gain new perspectives and remain at the forefront of key industry issues.”

The center also serves as a bridge to the industry through the development of its future finance leaders. Relationships with the center’s Advisory Board, of which Fink has served as its chair since 2006, help students to connect to possible internships or careers in the industry.

A prominent leader on Wall Street, Fink is chairman and CEO of BlackRock, the largest publicly traded investment manager in the U.S. He is also a Trustee of the BlackRock Equity and Bond Fund Complex within the firm’s open-end fund family.

Beyond his accomplishments in the finance world, Fink and his wife have been extremely generous philanthropists to the academic and medical communities. Currently, he serves on the Board of Trustees at New York University and also as Co-Chairman of the NYU Hospitals Center Board of Trustees. Last year, Fink was the recipient of the John E. Anderson Distinguished Alumnus Award, the highest recognition that UCLA Anderson bestows upon alumni.

About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world. UCLA Anderson faculty are ranked #1 in "Intellectual Capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.

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