Winning student teams awarded with $60,000 grant from B. Riley
OAKLAND,
CA (September 2021) - The Toigo
Foundation and B. Riley Financial, Inc. (Nasdaq: RILY) are pleased to announce the successful culmination of the 2021 Summer MBA
Investment Competition. Almost 50 MBAs participated in an immersive four-month summer
program uniquely designed to facilitate industry education, mentorship, and the
practical application of present-day business strategies led by experienced
investment professionals from B. Riley.
Student
teams participated in a robust business curriculum spanning ESG and socially
responsible investment opportunities, SPACs, Acquisitions and Capital Allocation.
The program culminated with a competition to present investment recommendations
to a panel of B. Riley professionals and Toigo Alumni. At the
conclusion of the program, B. Riley awarded a total of $60,000 to members of
the four winning teams.
"B. Riley's contribution to Toigo's
portfolio of training opportunities adds a rich, experiential dimension to the
Foundation's MBA curriculum and reflects the firm's commitment to the continued
development of diverse talent across the financial services landscape," said Kristy
Posocco, Director of Education and Career Advancement for Toigo. "B. Riley's
investment in the education of these rising financial services leaders and
their commitment to diversity and inclusion is evident based on the nearly 20
senior leaders of the firm who participated throughout all phases of the
program."
The program provided an outstanding
platform to produce and present real time deliverables through a model
synthesizing business education, collaboration and coaching based on real-world
experience. Additionally, it offered MBAs an opportunity to expand their
networks through the development of peer teams and with access to B. Riley's
experienced investment professionals.
"This program was as much a learning
experience for our team as it was for the MBA participants. We were inspired by
the forward-thinking ideas presented to us, and by the overall passion and
creativity of the winning teams. Working with Toigo has been an invaluable
experience and B. Riley is incredibly proud to support the organization as a partner,"
said Bryant Riley, Chairman and Co-Chief Executive of B. Riley Financial.
The Foundation's focus on expanding
the learning opportunities for Fellows and Finalists of the Toigo MBA Program led
to the creation of the program through the enthusiastic engagement and
financial support from B. Riley Financial.
The Toigo
mission is to inspire change and
advance more inclusive leadership within finance and beyond. Based in Oakland,
CA, the non-profit has been focused on leadership development and workplace inclusion for 30+ years.
Its programs and services include MBA career development, leadership and advancement support, women in leadership, and Toigo Inclusion
Strategy Services. Nearly 1,800
men and women of color have held the designation of Toigo Fellow; today, many are leading teams and organizations
in a mix of finance asset classes—and beyond. For more information,
please visit www.toigofoundation.org
B.
Riley Financial provides collaborative solutions tailored to fit the capital
raising and business advisory needs
of its clients and partners. B. Riley operates through several subsidiaries
that offer a diverse range of
complementary end-to-end capabilities spanning investment banking and
institutional brokerage, private wealth
and investment management, financial consulting, corporate restructuring,
operations management, risk
and compliance, due diligence, forensic accounting, litigation support, appraisal
and valuation, auction and
liquidation services. For more information, please visit www.brileyfin.com