Wall Street Analyst Todd B. Richter Establishes $5 Million Richter Fund for Kelley School
Renowned Wall Street healthcare analyst, Todd B. Richter, who earned his MBA in 1981, has recently announced a generous estate commitment to the Kelley School. The contribution, exceeding $5 million, is channeled into the creation of the Todd B. Richter Fund, which aims to back five significant endowments within the institution.
The Richter Fund’s allocation is strategic. Firstly, it supports two professorships for seasoned faculty specializing in securities analysis. The fund also provides graduate fellowships for students at Kelley, demonstrating a vested interest in finance or securities analysis studies. Furthermore, it assures support for both the Graduate Finance Department and the Dean’s Office. Finally, it incorporates an endowment that equally distributes any leftover residue of the bequest among the other four categories.
The Kelley School’s Dean, Daniel C. Smith, highlights Todd Richter’s commendable contributions. Smith applauds Richter for exemplifying the values that the School holds in high regard through his unrelenting support. Richter’s offerings go beyond financial aid; they include mentoring students, actively exchanging research concepts with professors, serving on the Reese Fund board, and judging case competitions. The Dean firmly believes that the Richter Fund will inspire future Kelley community generations, highlighting Richter’s commitment to the School.
As the Managing Director of the global healthcare investment banking group at Bank of America, Richter is at the helm of the group’s financial sponsor coverage initiative. In addition, he is accountable for steering key transactions inspired by significant strategic and financial patterns. Before this, Richter was at the forefront of the firm’s healthcare research group and played an influential role as a senior research analyst in health insurance/managed care, specialty health benefits, and healthcare providers and distributors.
Richter has been deeply embedded in the healthcare industry, commencing his career at Morgan Stanley where he spent 18 years. Here, he led the firm’s healthcare services equity research effort while providing active coverage for all healthcare service subsectors.
A graduate of the College of William and Mary in 1979, Richter currently participates in the Kelley School Dean’s Council and the Kelley Alumni Association’s Metropolitan New York chapter. He is also an Arbutus Society member of the Indiana University Foundation. Richter’s distinguished career is reflected in his numerous accolades, which include being listed 17 times as an “All-American Analyst” in the Institutional Investor’s Annual Survey and as an “All-Star Analyst” by the Wall Street Journal.