Todd B. Richter, who earned his MBA from the Kelley School in 1981 and went on to become a leading analyst in the healthcare industry on Wall Street, has made a considerable estate commitment to his alma mater. This commitment, valued at over $5 million, has culminated in the creation of the Todd B. Richter Fund.
The fund has been designed to bolster five primary endowments within the school. It will provide for two professorships intended for faculty members possessing extensive knowledge and experience in securities analysis. Additionally, it will offer graduate fellowships to those students at Kelley who display an active and profound interest in finance and securities analysis. The fund also plans to extend its support to both the Graduate Finance Department and the Dean’s Office. Any remaining funds from the bequest are earmarked to be distributed equally among these four allocations.
Dean Daniel C. Smith of the Kelley School has expressed immense gratitude for Richter’s remarkable generosity. He highlights that Richter not only contributes financially but also shares his time and expertise extensively, serving as a mentor to students, a research collaborator with professors, a member of the Reese Fund board, and a judge in case competitions. Smith believes that the Richter Fund will immortalize Richter’s values and his commitment to the school, serving as a source of inspiration for future generations of the Kelley community.
In his professional role, Richter is the Managing Director of the global healthcare investment banking group at Bank of America. He is responsible for leading the group’s financial sponsor coverage efforts and oversees the development of strategic transactions, a task prompted by pivotal strategic and financial trends. Before this, he headed the firm’s healthcare research group, offering his expertise as a senior research analyst in various healthcare sectors.
Richter’s impressive career spans across several prestigious institutions. Before joining Bank of America in 1999, he dedicated 18 years at Morgan Stanley, where he directed the firm’s healthcare services equity research and was an active participant in covering all subsectors of the healthcare services field.
A graduate of the College of William and Mary in 1979, Richter is currently a member of the Kelley School Dean’s Council and actively involved in the Kelley Alumni Association’s Metropolitan New York chapter. His contributions extend to the Indiana University Foundation’s Arbutus Society. His professional accolades include being named 17 times as an “All-American Analyst” in the Institutional Investor’s Annual Survey and recognized as an “All-Star Analyst” by the Wall Street Journal.