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Wall Street Analyst Todd Richter Establishes $5 Million Richter Fund for Kelley School

June 22, 2023

Todd Richter
Renowned Wall Street healthcare analyst Todd Richter, who earned his MBA in 1981, recently announced a substantial estate commitment to the Kelley School. This generous contribution, exceeding $5 million, will establish the Todd Richter Fund, dedicated to supporting five significant endowments within the institution.

Strategically allocated, the Richter Fund will primarily support two professorships for experienced faculty specializing in securities analysis. Additionally, the fund will provide graduate fellowships for students at the Kelley School who demonstrate a keen interest in finance or securities analysis studies. Furthermore, it will ensure support for both the Graduate Finance Department and the Dean's Office. Finally, the fund will incorporate an endowment that will equally distribute any remaining residue of the bequest among the other four categories.

Dean Daniel C. Smith of the Kelley School commends Todd Richter for his remarkable contributions. Smith recognizes Richter for exemplifying the values that the School holds in high regard through his unwavering support. Richter's contributions extend beyond financial aid; he also mentors students, actively engages in research discussions with professors, serves on the Reese Fund board, and judges case competitions. The Dean firmly believes that the Richter Fund will inspire future generations of the Kelley community, highlighting Richter's deep commitment to the School.

Currently serving as the Managing Director of the global healthcare investment banking group at Bank of America, Richter leads the group's financial sponsor coverage initiative. In this role, he is responsible for steering key transactions driven by significant strategic and financial trends. Prior to this, Richter held a prominent position in the firm's healthcare research group, serving as a senior research analyst in health insurance/managed care, specialty health benefits, and healthcare providers and distributors.

Richter has a wealth of experience in the healthcare industry, beginning his career at Morgan Stanley, where he spent 18 years. During his time there, he led the firm's healthcare services equity research effort and provided comprehensive coverage for all healthcare service subsectors.

A graduate of the College of William and Mary in 1979, Richter is actively involved in the Kelley School Dean's Council and the Kelley Alumni Association's Metropolitan New York chapter. He is also a distinguished member of the Arbutus Society of the Indiana University Foundation. Richter's illustrious career is reflected in numerous accolades, including being listed 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.