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Exchange (2024) - Tippie College of Business

Exchange, the magazine from the Department of Finance, provides insight into the people and programs of the department.

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<strong>2024</strong><br />

THE BEAUTIFUL GAME<br />

pg 10<br />

UNIVERSITY OF IOWA • TIPPIE COLLEGE OF BUSINESS • DEPARTMENT OF FINANCE


<strong>Exchange</strong> is an annual publication for<br />

alumni and friends <strong>of</strong> the Department<br />

<strong>of</strong> Finance, <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong>,<br />

University <strong>of</strong> Iowa.<br />

EDITOR<br />

Amanda May<br />

<strong>2024</strong> 1<br />

DEPARTMENT NEWS<br />

2<br />

TIPPIE RESEARCH<br />

SEC RULE HOLDS BACK STARTUP FUNDING<br />

3<br />

NOT YOUR FATHER’S RISK MANAGER<br />

Jim Lewis (BBA83)<br />

4<br />

JUGGLING FINANCE AND SPORTS<br />

6<br />

ALUM FEATURE<br />

PLASTIC-FREE AND PLANET POSITIVE<br />

Heather Moore (BBA94)<br />

8<br />

ALUM FEATURE<br />

VALUES-BASED INVESTING<br />

Seth Rosenthal (BBA96)<br />

ASSISTANT EDITOR<br />

Tory Brecht<br />

DEPARTMENT EXECUTIVE OFFICER<br />

Erik Lie<br />

Amelia <strong>Tippie</strong> Chair in Finance<br />

DESIGN<br />

The Williams McBride Group<br />

CONTRIBUTING WRITERS<br />

Lynn Anderson Davy<br />

Amanda May<br />

Suzi Morales<br />

Jennifer Seter Wagner<br />

Tom Snee<br />

PHOTOGRAPHY<br />

Jon Allegretto<br />

Luca Amadeo Bizzarri | Parma Calcio 1913<br />

Tory Brecht<br />

<strong>Business</strong> Record<br />

Andrea Cantini | Parma Calcio 1913<br />

Amanda May<br />

Mary Rafferty<br />

New York Giants<br />

Parma Calcio 1913<br />

Justin Torner | University <strong>of</strong> Iowa<br />

University <strong>of</strong> Iowa Athletics<br />

Nic Wynia<br />

CONNECT WITH US<br />

<strong>Tippie</strong>Iowa<br />

<strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong><br />

@<strong>Tippie</strong><strong>College</strong><br />

@tippiebiz<br />

10<br />

COVER STORY<br />

THE BEAUTIFUL GAME<br />

Q&A with soccer club owner Kyle Krause (BBA85)<br />

14<br />

PARTY LIKE IT’S 1999<br />

Hawkinson Institute and Krause Fund turn 25<br />

18<br />

ALUMNI UPDATES<br />

21<br />

3 PEOPLE / 3 QUESTIONS<br />

@<strong>Tippie</strong>Iowa<br />

DIRECT CORRESPONDENCE TO<br />

Amanda May<br />

<strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong><br />

S210 PBB<br />

University <strong>of</strong> Iowa<br />

Iowa City, IA 52242-1994<br />

319-467-1694<br />

amanda-may-1@uiowa.edu<br />

ADDRESS CHANGES<br />

Email your changes to:<br />

alumni-records@uiowa.edu<br />

or mail to:<br />

Alumni Records<br />

Office <strong>of</strong> the Registrar<br />

University <strong>of</strong> Iowa<br />

2 Jessup Hall<br />

Iowa City, IA 52242-1797<br />

TIPPIE IN FOCUS<br />

Email us at tippie-focus@uiowa.edu to subscribe to the<br />

college’s monthly e-newsletter.<br />

Copyright @ <strong>2024</strong> <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong>, University<br />

<strong>of</strong> Iowa All rights reserved.<br />

The University <strong>of</strong> Iowa prohibits discrimination in<br />

employment, educational programs, and activities on the<br />

basis <strong>of</strong> race, creed, color, religion, national origin, age,<br />

sex, pregnancy, disability, genetic information, status<br />

as a U.S. veteran, service in the U.S. military, sexual<br />

orientation, gender identity, associational preferences,<br />

or any other classification that deprives the person<br />

<strong>of</strong> consideration as an individual. The university also<br />

affirms its commitment to providing equal opportunities<br />

and equal access to university facilities. For additional<br />

information on nondiscrimination policies, contact the<br />

Director, Office <strong>of</strong> Institutional Equity, the University<br />

<strong>of</strong> Iowa, 202 Jessup Hall, Iowa City, IA 52242-1316,<br />

319-335-0705, oie-ui@uiowa.edu. W015334


DEPARTMENT NEWS<br />

CONNECT WITH US <strong>Tippie</strong>Iowa <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong> @<strong>Tippie</strong><strong>College</strong> @tippiebiz @<strong>Tippie</strong>Iowa<br />

EXTRA<br />

Credit<br />

stack-<strong>of</strong>-books<br />

Add these recently<br />

published books<br />

by <strong>Tippie</strong> finance<br />

faculty to your<br />

reading list:<br />

Wealth Management<br />

Pr<strong>of</strong>essor Erik Lie’s book<br />

empowers individuals<br />

with practical knowledge<br />

to manage their financial<br />

wealth from their first job<br />

until retirement and beyond.<br />

Would Your<br />

Boomerang Return?<br />

What Birds, Hurdlers,<br />

and Boomerangs Can<br />

Teach Us About the<br />

Time Value <strong>of</strong> Money<br />

Lecturer Brent Pritchard’s<br />

book is a user manual for<br />

the mathematics <strong>of</strong> finance<br />

and also includes real-life<br />

stories that you won’t find in<br />

a traditional textbook.<br />

“The career advice,<br />

networking opportunities,<br />

and financial knowledge<br />

intake will pay dividends for<br />

all <strong>of</strong> us who attended.”<br />

—CREDE WERNKE (BBA24)<br />

<strong>Tippie</strong> took 23 students to the Undergraduate Investment<br />

Conference in Ann Arbor, Michigan last October thanks to<br />

a donation from David Tentinger (BBA85).<br />

New Look!<br />

graduation-cap<br />

The University<br />

<strong>of</strong> Iowa has new,<br />

on-brand regalia for<br />

commencement and<br />

even has rental options<br />

available through<br />

the Hawk Shop.<br />

Share your graduation<br />

pics with us at<br />

tippie-exchange@uiowa.edu


TIPPIE<br />

RESEARCH<br />

SEC RULE HOLDS BACK<br />

STARTUP FUNDING<br />

BY TOM SNEE<br />

An SEC rule change in 2011 intended to protect angel investors<br />

has instead sharply reduced startup funding for new ventures,<br />

according to a new study from the University <strong>of</strong> Iowa.<br />

According to Jiajie Xu, assistant pr<strong>of</strong>essor <strong>of</strong><br />

finance, the rule change asserted that angel<br />

investors could no longer count the value<br />

<strong>of</strong> their house as an asset to be accredited<br />

by the SEC. They made this change in 2011<br />

with the intention <strong>of</strong> protecting marginal<br />

angel investors after the “Great Recession”<br />

<strong>of</strong> 2008 and 2009 when many lost their<br />

primary residence.<br />

Xu said the agency’s assumption was that<br />

angel investors were not very sophisticated<br />

and needed regulators to look out for<br />

them. But she said the agency’s rule<br />

change ignores the fact that most angel<br />

investment happens in the investor’s<br />

immediate geographical area, so they know<br />

the neighborhood well and have enough<br />

information to know if a business is likely<br />

to succeed or fail.<br />

“They’re actually sophisticated investors,”<br />

she said. “If they weren’t, they’d have a<br />

history <strong>of</strong> investing in bad firms or dead<br />

firms—and they don’t. They know the local<br />

community and the local demand for a<br />

business very well.”<br />

Xu said angel investors play an important<br />

role in venture funding, as they’re <strong>of</strong>ten the<br />

initial source <strong>of</strong> cash to help a founder get<br />

their startup <strong>of</strong>f the ground. Most invest<br />

small amounts in any single business—<br />

she said the typical size is about $10,000,<br />

though some can reach into the hundreds<br />

<strong>of</strong> thousands <strong>of</strong> dollars. •<br />

earth<br />

REAL-WORLD<br />

impacts<br />

The number <strong>of</strong> potential angel investors<br />

decreased by 20% and led to an 11%<br />

decrease in the amount <strong>of</strong> angel<br />

investments in the most affected cities.<br />

The greatest effect has been seen in<br />

smaller cities away from the coasts, places<br />

that most need angel investors because<br />

they’re generally ignored by venture<br />

capitalists and investment funds.<br />

The number <strong>of</strong> patents issued to companies<br />

based in the most affected cities dropped<br />

in the decade after the rule change, as did<br />

retail sales and number <strong>of</strong> jobs at angel<br />

investor-supported businesses.<br />

Founders have been forced to rely more<br />

on SBA loans and second mortgages to<br />

finance their startups.<br />

HOT<br />

TIP<br />

Looking for startup funding for your new venture? Go to your next college class reunion.<br />

A recent study by Pr<strong>of</strong>essor Jon Garfinkel has found that investors and entrepreneurs are<br />

statistically more apt to connect and work together if they share a collegiate alma mater.<br />

2 EXCHANGE <strong>2024</strong><br />

More here!


NOT YOUR<br />

FATHER’S<br />

RISK MANAGER<br />

Alumnus and entrepreneur<br />

Jim Lewis becomes Vaughan<br />

Institute executive director<br />

BY SUZI MORALES<br />

When he was a student at the University<br />

<strong>of</strong> Iowa, Jim Lewis (BBA83) didn’t want to<br />

pursue a career in insurance. “My father<br />

was encouraging me to get into insurance,<br />

so I did the exact opposite,” he recalls.<br />

Lewis, the new executive director <strong>of</strong><br />

the Emmett J. Vaughan Institute <strong>of</strong> Risk<br />

Management and Insurance at <strong>Tippie</strong>,<br />

majored in finance and wanted to become<br />

a stockbroker, but a down market changed<br />

that plan. “Shortly before I graduated,<br />

the market tanked, and they were laying<br />

<strong>of</strong>f brokers. The job that I had lined up<br />

went ‘bye-bye.’”<br />

Instead, Lewis spent much <strong>of</strong> his career<br />

as an entrepreneur in—you guessed it—<br />

the insurance industry, most recently as<br />

the founder and CEO <strong>of</strong> insurance claims<br />

analysis platform Benjamin.<br />

In the fall <strong>of</strong> 2023, Lewis came back to<br />

his alma mater to lead the institute. “I’m<br />

used to being in a startup/entrepreneur<br />

kind <strong>of</strong> mode,” he says, and he’s brought<br />

that attitude to his new position. He’s<br />

already tapped into his alumni and industry<br />

connections to mentor and provide<br />

opportunities for current students.<br />

Lewis has also enlisted help from the School<br />

<strong>of</strong> Journalism and Mass Communication<br />

for a social media marketing campaign<br />

to engage students and address the<br />

preconceptions <strong>of</strong> insurance and risk<br />

management that he’d held as a student.<br />

“Students want to make a difference or an<br />

impact. It’s really strong in this particular<br />

generation. It aligns very nicely with our<br />

external stakeholders, helping students find<br />

their path in risk management, so they can<br />

become a part <strong>of</strong> creating a safer, smarter,<br />

more secure world,” he says.<br />

The recruitment efforts are paying<br />

<strong>of</strong>f. According to Lewis, <strong>Tippie</strong>’s Risk<br />

Management and Insurance (RMI)<br />

major that launched last fall has fully<br />

surpassed enrollment expectations <strong>of</strong><br />

around 100 students, and already has 192<br />

undergraduate majors enrolled, along<br />

with 51 certificate students, 16 MBA<br />

concentrations, and one Ph.D. candidate.<br />

Lewis doesn’t regret his career in an<br />

industry he once snubbed. In fact, he now<br />

embraces the creativity he’s found there.<br />

“The world’s risky out there. It’s interesting.<br />

It’s complex,” he says. “And it’s fun to solve<br />

problems.” •<br />

ABOUT THE<br />

VAUGHAN<br />

INSTITUTE<br />

The Emmett J. Vaughan<br />

Institute <strong>of</strong> Risk Management<br />

and Insurance was founded in<br />

2002 and in 2004 was named in<br />

honor <strong>of</strong> industry luminary and<br />

longtime <strong>Tippie</strong> pr<strong>of</strong>essor and<br />

administrator Emmett Vaughan.<br />

His daughter, Terri Vaughan,<br />

also became an insurance<br />

industry leader and served<br />

as director <strong>of</strong> the institute<br />

before Lewis.<br />

All students pursuing the<br />

RMI major or certificate<br />

at <strong>Tippie</strong> can benefit from<br />

Vaughan Institute <strong>of</strong>ferings,<br />

including networking events,<br />

RMI-exclusive scholarships,<br />

mentorship from industry<br />

pr<strong>of</strong>essionals, and experiential<br />

learning opportunities like<br />

training for case competitions<br />

and company-sponsored<br />

research projects.<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 3


JUGGLING FINANCE AND SPORTS<br />

30 student athletes to cheer for<br />

4 EXCHANGE <strong>2024</strong><br />

Joe Connolly


As the largest major on the University <strong>of</strong> Iowa campus,<br />

it should come as no surprise that finance students<br />

participate in almost every extracurricular out there.<br />

Baseball? We’ve got a guy. Rowing? We’ve got a girl.<br />

Track and field? Yep, we’ve got finance majors there too.<br />

Here’s a crib sheet <strong>of</strong> who to cheer for in Hawkeye sports.<br />

baseball-glove<br />

BASEBALL<br />

#47–Joe Connolly<br />

#37– Rowan Donels<br />

#7–Connor Hennin<br />

VOLLEYBALL<br />

#14–Jacqlyn Caspers<br />

BASKETBALL<br />

#23–Ben Krikke<br />

#20–Payton Sandfort*<br />

#24–Pryce Sandfort<br />

FOOTBALL<br />

#71–Jack Dotzler*<br />

#5–Joe Labas<br />

#49–Andrew Lentsch*<br />

#58–Kade Pieper<br />

#55–Jeremiah Pittman*<br />

#98–Chris Reames<br />

#97–Liam Reardon*<br />

#25–Kelby Telander*<br />

#81–Cael Vanderbush<br />

gym-shoes<br />

TRACK &<br />

FIELD<br />

MEN’S<br />

Jordan Johnson<br />

WOMEN’S<br />

Jamie K<strong>of</strong>ron<br />

WRESTLING<br />

Tony Cassioppi<br />

Cullan Schriever<br />

tennis-racquet<br />

TENNIS<br />

Jessica Matthews<br />

canoe<br />

ROWING<br />

Liz Blewett<br />

SOCCER<br />

#31–Addie Bundy*<br />

CROSS<br />

COUNTRY<br />

Brayden Burnett*<br />

Duke Faley<br />

Ian Geisler<br />

Carson Houg*<br />

Hayden Kuhn*<br />

Caleb Levy<br />

Miles Wilson<br />

*Fall 2023 Academic All-Big Ten Honorees<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 5


PLASTIC-FREE<br />

AND PLANET POSITIVE<br />

ALDI VP Heather Moore’s recipe<br />

for greener groceries<br />

BY LYNN ANDERSON DAVY<br />

PORTRAIT BY NIC WYNIA<br />

6 EXCHANGE <strong>2024</strong>


ALUM<br />

FEATURE<br />

“My team is always looking for ways to positively impact<br />

the world around us—from recycling to trash cleanup.<br />

Our goal is to be model citizens and to encourage others<br />

to join us in our actions for a cleaner environment.”<br />

As a top executive at ALDI, Heather Moore<br />

(BBA94) is serious about sustainability and<br />

combating climate change.<br />

She’s also a fierce advocate for food<br />

pantries, a commitment she exercises<br />

daily as vice president <strong>of</strong> operations<br />

for ALDI, USA. Instead <strong>of</strong> throwing out<br />

unused food at ALDI stores, Moore and<br />

her team take fresh produce and canned<br />

goods to local food pantries and homeless<br />

shelters. Their efforts reduce landfill use<br />

and food scarcity simultaneously.<br />

This is one example <strong>of</strong> the many ways ALDI,<br />

the disruptor grocery chain famous for<br />

European delicacies and American staples<br />

at rock-bottom prices, is creating a more<br />

sustainable business model. Earlier this year,<br />

CEO Jason Hart announced that the chain<br />

is eliminating all plastic shopping bags and<br />

transitioning to natural refrigerants in all<br />

U.S. stores by 2035. ALDI already uses 100%<br />

renewable energy sources at all distribution<br />

centers and corporate campuses, a move<br />

that has cut carbon emissions by 85%.<br />

Moore, a 29-year veteran <strong>of</strong> the grocery<br />

chain, is proud <strong>of</strong> the company’s<br />

sustainability efforts. She’s witnessed<br />

many changes since she started as an ALDI<br />

district manager in Eastern Iowa, just a few<br />

months after receiving her finance degree.<br />

Today, Moore leads operations across the<br />

Gulf Coast region, from Tallahassee, Fla., to<br />

Lafayette, La., and meeting sustainability<br />

goals while also keeping groceries<br />

affordable for customers is critical for her.<br />

FUN FACT<br />

ALDI’s first US store opened<br />

in Iowa City in 1976!<br />

“I am proud <strong>of</strong> ALDI’s commitment to<br />

tackling complex sustainability issues while<br />

still keeping prices low,” says Moore. “My<br />

team is always looking for ways to positively<br />

impact the world around us—from recycling<br />

to trash cleanup. Our goal is to be model<br />

citizens and to encourage others to join us<br />

in our actions for a cleaner environment.”<br />

Moore believes that corporations,<br />

regardless <strong>of</strong> size, play an essential role<br />

in moving the global economy toward a<br />

sustainable future. ALDI is committed to<br />

eliminating all waste headed to landfills<br />

by 2025 and cutting food waste in half by<br />

2030. The national grocery chain already<br />

works with hundreds <strong>of</strong> food pantries<br />

nationwide but is stepping up its efforts to<br />

ensure that quality food does not wind up<br />

in the dumpster.<br />

This last sustainability goal sits<br />

particularly well with Moore.<br />

“I’m a big advocate for food pantries because<br />

I have seen their good work—in the Gulf<br />

Coast and the Midwest,” says Moore.<br />

“My daughter has picked up the bug, too,<br />

because she volunteers at a food pantry<br />

on her college campus. In our family, finding<br />

ways to help our neighbors and our planet<br />

is important.” •<br />

Paper > Plastic<br />

By eliminating plastic grocery bags across the nation, ALDI has averted 9 million<br />

pounds <strong>of</strong> plastic waste and reduced their carbon footprint by 60 percent.<br />

recycle<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 7


VALUES-BASED<br />

INVESTING<br />

BY JENNIFER SETER WAGNER<br />

PORTRAIT BY MARY RAFFERTY<br />

Seth Rosenthal (BBA96) is quick to point<br />

out the people he works with are heroes.<br />

Rosenthal has served as the chief investment<br />

<strong>of</strong>ficer for Academy Asset Management in<br />

Chicago since 2022. It is the first disabled<br />

veteran-owned institutional investment<br />

management firm in the country to be<br />

established post-9/11. A primary goal: To<br />

invest in and support the nation’s veterans.<br />

“We mentor, train, and hire veterans to<br />

be successful in their careers on Wall<br />

Street at Academy Asset Management and<br />

its sister company, Academy Securities,”<br />

Rosenthal said.<br />

8 EXCHANGE <strong>2024</strong>


ALUM<br />

FEATURE<br />

“We will take a close look at businesses<br />

that are owned and operated by<br />

veterans. We take pride in helping<br />

them succeed.”<br />

“<br />

I work with folks who have received a Purple<br />

Heart, or veterans who bear visible signs <strong>of</strong><br />

their experience,” he said. “They raised their<br />

hand to defend our country, risking their<br />

lives in the process. Now they are taking<br />

the opportunity to give back to their fellow<br />

veterans. To me, that’s truly inspiring.”<br />

In addition to employment, another way<br />

the company is giving back is through the<br />

recently launched Academy Veteran Impact<br />

ETF, which is listed with the trading symbol<br />

“VETZ” on the New York Stock <strong>Exchange</strong>.<br />

State Farm and Virtu Financial are two <strong>of</strong><br />

the founding investors. VETZ is the first<br />

publicly traded ETF that invests mainly in<br />

initiatives that support veterans and activeduty<br />

U.S. military service personnel.<br />

“We will take a close look at businesses that<br />

are owned and operated by veterans,” says<br />

Rosenthal. “We take pride in helping them<br />

succeed.”<br />

Further, the company works with the<br />

Bob Woodruff Foundation to donate a<br />

percentage <strong>of</strong> its management fees to<br />

charities that champion pro-veteran<br />

and military causes.<br />

The effort has not gone unnoticed:<br />

“We are proud to say we were a finalist in<br />

the etf.com awards for ‘Best New ESG ETF,’<br />

which means we are recognized for our<br />

values-based investing,” said Rosenthal. “Our<br />

clients actively pursue investments that<br />

directly align with their values and ours—<br />

and that means supporting veterans.”<br />

Before joining Academy Asset Management,<br />

the St. Charles, Ill. native ran the proprietary<br />

investment portfolio at Northern Trust<br />

where he managed approximately $100<br />

billion in global assets; prior to that, he<br />

worked for the Bank <strong>of</strong> Montreal in a similar<br />

role. “My background is managing large<br />

institutional portfolios,” he said. “Where I’m<br />

at today is a little different because I’m at the<br />

point where I’ve had a successful career, and<br />

now I have the ability to contribute to the<br />

veteran community.”<br />

Rosenthal points out that his father and<br />

both his grandfathers were veterans; he<br />

was raised in an environment where the<br />

love <strong>of</strong> country and service were paramount.<br />

“This mission is really important to me,”<br />

he said. “For me, wanting to give back was<br />

a later-in-life realization. In my current role,<br />

Wall Street veterans like me are paired<br />

with younger military veterans to teach<br />

them the ropes. It’s deeply satisfying<br />

to me. I’ve had success. Now I can help<br />

others succeed.” •<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 9


COVER<br />

STORY


THE BEAUTIFUL GAME<br />

Kyle Krause<br />

Q&Awith<br />

BY AMANDA MAY<br />

In September <strong>of</strong> 2020, Krause Group founder and CEO Kyle Krause (BBA85)<br />

purchased a 90% stake in Parma Calcio 1913, adding to the growing list <strong>of</strong><br />

North American-owned top tier soccer clubs in Europe. And it’s no wonder.<br />

With World Cup champion Messi coming to play for Miami and shows like<br />

Ted Lasso, the sport has caught on in a big way in the United States. Read<br />

on to learn about how this <strong>Tippie</strong> alum has broken into “the beautiful game.”<br />

Q<br />

Why Parma Calcio?<br />

A It all started with<br />

a bit <strong>of</strong> investigation<br />

into Italian soccer and<br />

evolved into this fantastic<br />

opportunity. Some <strong>of</strong> the<br />

research was initiated<br />

because <strong>of</strong> work I was<br />

doing related to Pro Iowa<br />

(which aims to build a<br />

soccer stadium and global<br />

plaza in Des Moines). I<br />

was exploring clubs and<br />

ownership structures,<br />

trying to better<br />

understand opportunities<br />

and the process. But<br />

networking in Italy for<br />

Pro Iowa knowledge led<br />

to me developing more<br />

intentional interest in<br />

purchasing a club in Italy.<br />

When I discovered Parma<br />

Calcio was for sale, I knew<br />

it was the right choice.<br />

The club has an incredible<br />

brand and history and<br />

celebrated its 110-year<br />

anniversary in December.<br />

Parma Calcio is the<br />

fourth most successful<br />

Italian team in UEFA<br />

competitions having won<br />

four national trophies<br />

and four international<br />

trophies. In addition,<br />

Parma is a beautiful city<br />

with rich history, cuisine,<br />

culture, and soccer.<br />

What’s not to love?<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 11


Read extended<br />

Q&A online<br />

PARMA<br />

Q<br />

Why a<br />

soccer club?<br />

A I’m incredibly passionate<br />

about the sport. My initial<br />

love for the game grew from<br />

watching my own children<br />

play. I was the proud dad,<br />

happy to serve as a mentor<br />

and coach. I’ve owned<br />

our two-time national<br />

championship team, the<br />

Des Moines Menace, since<br />

1998 and was inducted into<br />

the United Soccer League<br />

(USL)’s Hall <strong>of</strong> Fame in 2011<br />

for contributions made to the<br />

sport. I also played locally.<br />

Q How’s your Italian?<br />

A I have ancestors from Italy and<br />

have dual citizenship, so I’ve always<br />

embraced everything Italian. I love<br />

the language, culture, and people<br />

<strong>of</strong> Italy. I don’t speak it as well as<br />

I’d like to, but work on it daily and<br />

am proud to share that recently,<br />

I’ve been able to give a few short<br />

speeches in Italian!<br />

speech-bubble-world<br />

DYK?<br />

Calcio means<br />

soccer in<br />

Italian?<br />

Q Matches get tense! Do you ever have to<br />

look away? Or do you have the stomach for it?<br />

A I’m a passionate yet calm supporter—but<br />

soccer is a painful and difficult business to be in.<br />

It is intense and can be very emotional with all the<br />

highs and lows that can happen, sometimes all in<br />

one weekend.<br />

Q Speaking <strong>of</strong> highs and lows—soccer,<br />

like business, <strong>of</strong>ten has ups and downs.<br />

What’s your advice to other business<br />

owners on how to weather the storms?<br />

A I encourage other business owners to<br />

define and follow their long-term vision,<br />

avoiding shortsighted decisions that get in<br />

the way <strong>of</strong> future growth and success.<br />

Q What have you learned at Parma that you could apply in Iowa?<br />

A We’ve seen the good that having a team in Parma has done<br />

for the community. Experiencing these benefits firsthand makes<br />

us all the more passionate about bringing men’s and women’s<br />

pr<strong>of</strong>essional soccer to Iowa. The Pro Iowa Stadium (and global plaza)<br />

would <strong>of</strong>fer unique opportunities to bring diverse groups <strong>of</strong> people<br />

together while celebrating and embracing Des Moines’ heritage and<br />

international community.<br />

12 EXCHANGE <strong>2024</strong>


Q How are you using<br />

analytics at the club?<br />

A Performance and<br />

analytics are embedded into<br />

our decision-making, and I<br />

believe are key to unlocking<br />

success in soccer. Mathieu<br />

Lacome, who came to us<br />

from Paris Saint-Germain<br />

in 2021, serves as our chief<br />

performance and analytics<br />

<strong>of</strong>ficer and oversees a staff<br />

<strong>of</strong> more than 30 associates<br />

who cover game analysis, data<br />

analytics, and performance.<br />

We use it for a few reasons,<br />

the first being player and<br />

coach recruitment. Using<br />

data to optimize style <strong>of</strong><br />

play before recruiting staff<br />

and players helps to ensure<br />

we have alignment with our<br />

system. The data can also<br />

highlight players that scouts<br />

might not have thought<br />

about. Secondarily, we use<br />

analytics to develop and<br />

grow youth talent, ensuring<br />

they can be ready to perform<br />

and play in Serie A in future<br />

years. And finally, we use<br />

analytics to track and report<br />

on talent development,<br />

reviewing player progress<br />

and developing action plans<br />

and training for them—from<br />

mental health and nutrition<br />

support to injury prehab and<br />

prevention guidance.<br />

Q What player in history<br />

would you sign if you<br />

could?<br />

A I’d say Megan Rapinoe.<br />

She is an international<br />

soccer icon and stands for<br />

social justice and activism,<br />

advocating for things like<br />

equal pay structures for male<br />

and female athletes, LGBTQ<br />

initiatives, and treating all<br />

with dignity and respect.<br />

SERIE A<br />

SERIE B<br />

SERIE C1<br />

SERIE C2<br />

SERIE D<br />

ECCELLENZA<br />

PROMOZIONE<br />

PRIMCATEGORIA<br />

SECONDA CATEGORIA<br />

TERZA CATEGORIA<br />

Q Actors Ryan Reynolds<br />

and Rob McElhenney<br />

purchased Wrexham A.F.C.<br />

a couple months after you<br />

purchased Parma Calcio. In<br />

the documentary Welcome<br />

to Wrexham, Reynolds<br />

says, “I’ve only been owner<br />

<strong>of</strong> a football club for a short<br />

time, but so far I’ve found it<br />

to be very time consuming,<br />

emotionally exhausting,<br />

financially idiotic, and utterly<br />

addictive.” Do you identify<br />

with that?<br />

A Ha, 100 percent. Well said.<br />

I like what they’re doing. It’s<br />

great to see more and more<br />

people take notice <strong>of</strong> their<br />

investment and engage with<br />

soccer in the US.<br />

Italian<br />

Pr<strong>of</strong>essional Leagues<br />

Non-Pr<strong>of</strong>essional<br />

Leagues<br />

Q You’ve referred to this as a<br />

“multi-generational investment.”<br />

How do you see Parma growing in<br />

the next 50 years?<br />

A I see our men and women being in<br />

the top <strong>of</strong> the Serie A league every year<br />

moving forward. It will require appropriate<br />

investments in training centers, analytics,<br />

and dedicated resources to drive equity.<br />

We also have ambitious plans to give the<br />

city <strong>of</strong> Parma a more modern and multifunctional<br />

stadium (rendering on left) that<br />

can be used by all, as well as modernizing<br />

our training center in Collecchio and a<br />

new women’s hub in Noceto, complete<br />

with a gym, medical room, press room,<br />

<strong>of</strong>fices, and synthetic field.<br />

Congratulations on promotion!<br />

A Thanks! On May 1, the Parma men clinched promotion and<br />

reclaimed our place in Serie A. This is a victory for all <strong>of</strong> us—<br />

our players, coaching staff, associates, incredible fans, and the<br />

entire community <strong>of</strong> Parma. The city is celebrating and there<br />

are more celebrations to come. There has been an immense<br />

amount <strong>of</strong> energy and enthusiasm leading up to this, and we are<br />

grateful for the ongoing support as we approach next season.


PARTY LIKE IT’S 1999<br />

Hawkinson Alumni Gathering,<br />

Chicago, January <strong>2024</strong><br />

Twenty-five years ago, the <strong>Tippie</strong> <strong>College</strong><br />

<strong>of</strong> <strong>Business</strong> was having a moment.<br />

Henry B. <strong>Tippie</strong> had just pledged millions <strong>of</strong> dollars <strong>of</strong> support,<br />

and the college was named after him in recognition. Our alumni<br />

were killing it with the dot-com era booming, and new programs<br />

were sprouting up left and right. Two <strong>of</strong> those <strong>of</strong>ferings were in<br />

the finance department and are celebrating a quarter century this<br />

academic year. Let’s take a look at their impact.<br />

BY AMANDA MAY<br />

14


The Hawkinson Institute<br />

Grows Up<br />

WHAT IS IT?<br />

<strong>Tippie</strong>’s undergraduate<br />

investment banking program,<br />

and a pipeline to Wall Street.<br />

WHY IS IT UNIQUE?<br />

Historically, entry-level analyst<br />

positions were hired from a<br />

pool <strong>of</strong> Ivy League students.<br />

Iowa was one <strong>of</strong> the first public<br />

universities to establish its<br />

own pipeline and level the<br />

playing field.<br />

HOW DOES IT WORK?<br />

Students apply by the end <strong>of</strong><br />

their freshman year, and those<br />

accepted get career support in<br />

three ways.<br />

1 | A weekly class that exposes<br />

them to advanced themes<br />

in finance, speakers from<br />

investment banking, private<br />

equity, and related industries,<br />

and 1:1 mentorship from<br />

upperclassmen and Program<br />

Director Brian Richman.<br />

2 | Hard and s<strong>of</strong>t interview<br />

skills—students learn how to<br />

tell their story to stand out and<br />

how to work through technical<br />

finance questions.<br />

3 | Access to the Hawkinson<br />

Institute’s network <strong>of</strong><br />

established relationships and<br />

alumni. “Hawkinson alums<br />

are great about mentoring<br />

students and pulling them into<br />

their firms. They are the whole<br />

reason the program works,”<br />

says Richman.<br />

HOW IT STARTED<br />

Dean Emeritus Gary Fethke<br />

recognized that getting<br />

students into high-pr<strong>of</strong>ile jobs<br />

would reflect well upon the<br />

college, while while <strong>of</strong>fering<br />

more challenging, satisfying<br />

opportunities for top students.<br />

Who was Hawkinson?<br />

The Institute was named in<br />

honor <strong>of</strong> H. John Hawkinson<br />

(BSC36), former president <strong>of</strong><br />

Kemper Financial Services.<br />

HOW IT’S GOING<br />

Hawkinson scholars have a<br />

100% placement rate, and the<br />

program is growing! From<br />

three students its inaugural<br />

year, the program now supports<br />

25-30 undergraduates per<br />

class. Richman reports he<br />

even has high school and<br />

transfer students reach out to<br />

him because they are looking<br />

forward to applying.<br />

“I tell people I have the best job<br />

in the college. All my students<br />

are bright, motivated, and<br />

ambitious. We get them on<br />

these paths, and they go out and<br />

make a name for themselves. It’s<br />

definitely part <strong>of</strong> the job that I<br />

love,” says Richman.<br />

450<br />

STUDENTS<br />

have been through the<br />

Hawkinson Institute<br />

THE PROGRAM<br />

NOW SUPPORTS<br />

25-30<br />

UNDERGRADUATES<br />

per class<br />

HAWKINSON<br />

SCHOLARS—<br />

100 %<br />

PLACEMENT RATE<br />

DYK?<br />

To get hired today at an investment bank out <strong>of</strong> college, the internship between junior and senior year is key. Recruiting<br />

for this internship has become so accelerated that interviews begin as early as sophomore year—16 months ahead! In response,<br />

the college now <strong>of</strong>fers first-year students an Intro to Investment Banking course.<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 15


But the real testament to how<br />

it’s going are the alumni <strong>of</strong> the<br />

program. The students who<br />

moved from <strong>Tippie</strong> right into<br />

high-responsibility, highvisibility,<br />

and high-earning<br />

potential roles.<br />

“Some <strong>of</strong> the students’ parents<br />

work in finance, but many<br />

others are first-generation<br />

college students or come from<br />

rural backgrounds—people who<br />

might never have imagined<br />

getting onto this career path<br />

and finding success. Tapping<br />

into this opportunity sets them<br />

on steeper career trajectories,<br />

opens up a wide range <strong>of</strong><br />

downstream career paths, and<br />

enables them to potentially<br />

create generational wealth for<br />

their families. Those are some<br />

<strong>of</strong> the great things this program<br />

does,” Richman said.<br />

“The Hawkinson<br />

Institute made<br />

me aware <strong>of</strong><br />

career paths and<br />

opportunities<br />

that I otherwise<br />

never would have<br />

known about.<br />

Hawkinson also<br />

helped me with<br />

the preparation<br />

and credibility to<br />

pursue these paths.<br />

My career journey<br />

to date almost<br />

certainly would<br />

have been much<br />

different without<br />

the Hawkinson<br />

Institute.”<br />

We also now have several<br />

alumni who are in senior<br />

management positions at<br />

important investment banks.<br />

“It’s great seeing the program<br />

come to maturity in this way,”<br />

Richman said.<br />

There are even more alumni<br />

who went from the great<br />

foundational job <strong>of</strong> analyst<br />

and parlayed that into success<br />

outside <strong>of</strong> investment banking.<br />

Looking “ back and<br />

now running a<br />

$15B real estate<br />

organization,<br />

joining<br />

Hawkinson<br />

was likely one <strong>of</strong><br />

the best decisions<br />

<strong>of</strong> my life.”<br />

JESSICA THORSHEIM (BBA07)<br />

Head <strong>of</strong> SFR Real Estate<br />

Management, Amherst Group<br />

party<br />

The Hawkinson<br />

Institute will<br />

celebrate 25 years<br />

with events in New<br />

York and Chicago in<br />

the coming year.<br />

Stay tuned for<br />

more information!<br />

TIM LARSEN (BBA04)<br />

Managing Director & Global<br />

Co-Head <strong>of</strong> Consumer, Food, &<br />

Retail Group, Houlihan Lokey<br />

16 EXCHANGE <strong>2024</strong>


ar-graph<br />

The Krause Fund:<br />

25 Years <strong>of</strong> Hands-On Experience<br />

WHAT IS IT?<br />

An undergraduate studentmanaged<br />

investment fund<br />

at <strong>Tippie</strong>.<br />

It’s also an experiential learning<br />

opportunity. “Our students<br />

learn to apply industrylevel<br />

valuation and financial<br />

modeling techniques to live<br />

companies in real time, which<br />

leads to actual investment<br />

decisions at the end <strong>of</strong> the<br />

semester,” said Program<br />

Director Todd Houge.<br />

WHY IS IT UNIQUE?<br />

“Many schools have studentmanaged<br />

investment funds, but<br />

some are run as clubs, where<br />

students just get together,<br />

talk about markets, and<br />

make portfolio decisions. Our<br />

program is a for-credit course<br />

with in-depth analysis required.<br />

Our students work hard, and we<br />

have high expectations for the<br />

quality <strong>of</strong> research output,” said<br />

Houge. “We focus on making<br />

sure that students emerge<br />

with analytical skill sets that<br />

employers want. That’s the<br />

biggest difference.”<br />

It’s also an open book. Holdings<br />

and student research reports<br />

are posted on the Krause Fund<br />

website, marketing both the<br />

program at the college as well<br />

as the students to prospective<br />

employers.<br />

HOW DOES IT WORK?<br />

Students in Applied Equity<br />

Valuation work in teams <strong>of</strong><br />

four or five and are assigned<br />

to monitor a holding in the<br />

Krause Fund. The team spends<br />

the semester researching the<br />

company, along with potential<br />

replacement investments from<br />

the same economic sector.<br />

At the end <strong>of</strong> the course, they<br />

make a recommendation to<br />

the Krause Fund Advisory<br />

Board to keep, sell, or replace<br />

the fund holding.<br />

“We try to simulate the role <strong>of</strong><br />

an actual research analyst. We<br />

replicate that environment, but<br />

in a more controlled, academic<br />

setting—with exams and<br />

checkpoints along the way,”<br />

Houge said.<br />

Because “ there’s<br />

more on the<br />

line than just a<br />

grade, it taught<br />

me how to have<br />

an opinion and<br />

influence others.<br />

I used all the skills<br />

I developed in my<br />

first job and every<br />

subsequent job<br />

thereafter!”<br />

KAYLA KREMER (BBA11)<br />

Senior Client Portfolio Manager,<br />

Aegon Asset Management &<br />

Krause Fund Advisory Board<br />

Member<br />

HOW IT STARTED<br />

Bill Krause (BA57), <strong>of</strong> Kum<br />

& Go fame, approached the<br />

University <strong>of</strong> Iowa in the fall<br />

<strong>of</strong> 1998, along with three<br />

other universities in the state,<br />

donating $100,000 each to<br />

start an investment fund. Iowa<br />

already had a course teaching<br />

these concepts, Securities<br />

Analysis, and created its<br />

portfolio right away.<br />

HOW IT’S GOING<br />

The fund has grown from<br />

$100,000 to $800,000, but<br />

the 700+% return is not the<br />

primary focus for Houge. It’s<br />

the experience provided to<br />

hundreds <strong>of</strong> students along<br />

the way.<br />

“The primary goal is that<br />

we want students to walk<br />

away from the class with<br />

an understanding <strong>of</strong> how to<br />

analyze a company, identify<br />

core value drivers, forecast<br />

financial statements, and<br />

develop an integrated economic<br />

and industry outlook. The final<br />

step in the process requires<br />

teams to deliver a pr<strong>of</strong>essional<br />

presentation and effectively<br />

communicate their investment<br />

thesis,” Houge said.<br />

“Recruiters are consistently<br />

impressed by Krause Fund<br />

students’ research reports,”<br />

said Houge. “Students tell<br />

me they say ‘I’ve never seen<br />

an undergraduate student<br />

produce this level <strong>of</strong> work.’ And<br />

that’s the kind <strong>of</strong> outcome we<br />

are aiming for.” •<br />

See Krause<br />

Fund holdings<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 17


ALUMNI UPDATES<br />

CONNECT WITH US <strong>Tippie</strong>Iowa <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong> @<strong>Tippie</strong><strong>College</strong> @tippiebiz @<strong>Tippie</strong>Iowa<br />

new role as an associate for<br />

Revelstoke Capital Partners<br />

in Denver.<br />

PARESH BHANDERI<br />

(BBA05) is a senior finance<br />

advisor at Chevron in<br />

London, England.<br />

DANIEL G. BROWN<br />

(BBA13/MBA23) is CFO<br />

<strong>of</strong> Acterra Group in Marion,<br />

Iowa. He was formerly the<br />

VP controller at Ruffalo<br />

Noel Levitz.<br />

CHARLIE BULLEN (BBA08)<br />

accepted a position as<br />

outside linebackers coach<br />

for the New York Giants.<br />

He has 11 years <strong>of</strong> NFL<br />

coaching experience and<br />

got his start as a student<br />

assistant for the Hawkeye<br />

football team.<br />

ELIZABETH SIERK<br />

CORRIDAN (BBA83)<br />

retired as CEO <strong>of</strong> Kappa<br />

Alpha Theta, Inc. after 25<br />

years in the position and a<br />

total <strong>of</strong> 39 years on staff.<br />

She has since been elected<br />

chairman <strong>of</strong> the Herbert<br />

Hoover Presidential Library<br />

Foundation board<br />

<strong>of</strong> trustees.<br />

MICHAEL CROSS (BBA91)<br />

was honored at the Dallas<br />

<strong>Business</strong> Journal’s 2023<br />

CFO <strong>of</strong> the Year awards.<br />

Cross is CFO <strong>of</strong> Toyota<br />

Connected North America,<br />

based in Plano, Tex.<br />

LAUREN EASTMAN<br />

(BBA18) is a financial service<br />

specialist at One Source<br />

Advisory in Tampa, Fla.<br />

MAYURI FARLINGER<br />

(BBA04) is the new president<br />

<strong>of</strong> Alliant Energy. She began<br />

her career at the company in<br />

2004 as an intern.<br />

JOE FREEDLUND (BBA22)<br />

competed at the North<br />

American Grappling<br />

Association’s Chicago<br />

Grappling Championship<br />

in May 2023 and won first<br />

place in the absolute division<br />

for no-gi (ununiformed)<br />

beginners and second in his<br />

weight division.<br />

ISABEL GOMEZ (BBA22)<br />

is an analyst at Deloitte in<br />

Chicago.<br />

BRANDON GREENLY<br />

(MBA22) was promoted<br />

to engineering program<br />

manager for Aruba, a Hewlett<br />

Packard Enterprise company.<br />

KEVIN GRUNEICH (BBA80) received the 2023<br />

Hancher Finkbine Alumni Medallion from the University<br />

<strong>of</strong> Iowa. He retired from a senior leadership position<br />

at Bear Stearns in 2004 and remains actively engaged<br />

in private business ventures and on several corporate<br />

and philanthropic boards. Gruneich and his wife, Donna,<br />

(center couple pictured here) have also helped open<br />

doors for many students at Iowa, supporting programs<br />

across the university.<br />

RICHARD GRIMLEY<br />

(BBA80) was appointed<br />

board director for the Kaiser<br />

Aluminum Corporation. He<br />

will also serve on the board’s<br />

compensation and ESG<br />

committees.<br />

MAXWELL HEDGES<br />

(MSBA22/MFIN22) started<br />

a new role with Wells<br />

Fargo as a risk analytics<br />

consultant.<br />

baby<br />

Is there a new<br />

baby in your life?<br />

Send us an update and<br />

we’ll send you a bib!<br />

tippie.uiowa.edu/update<br />

RILEY CALLAHAN<br />

(BBA20/MAc21) started a<br />

RACHAEL EISENREICH<br />

(BBA18/MBA23) is a senior<br />

financial analyst with Wells<br />

Fargo in Minneapolis. She<br />

also serves on the board for<br />

the Twin Cities Iowa Club.<br />

JESSE HALL (BBA16) is a<br />

certified financial planner<br />

and joined the wealth<br />

management team at The<br />

Grandview Capital Group at<br />

Morgan Stanley in Peoria, Ill.


Do you want to be<br />

in the next issue?<br />

Send us your update!<br />

Lindsey Drilling,<br />

Assistant Director <strong>of</strong> Alumni Engagement<br />

tippie.uiowa.edu/alumni/update<br />

tippie-alumni@uiowa.edu<br />

<strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong><br />

108 John Pappajohn <strong>Business</strong> Bldg.<br />

Iowa City, IA 52242-1994<br />

DENIZ JOHNSON (MBA93)<br />

was recognized, along<br />

with two colleagues, with a<br />

team Rising Star Award at<br />

the BAI Global Innovation<br />

Awards for their leadership<br />

in shaping financial services<br />

and capacity to foster<br />

positive change in their<br />

organizations. She was<br />

also recognized—for the<br />

second time—as an Inspiring<br />

FinTech Female by NYC<br />

FinTech Women. Johnson<br />

is the COO at Stratyfy in<br />

Boston.<br />

ANTHONY LEHNERTZ<br />

(BBA16) was promoted to<br />

an executive director at the<br />

University <strong>of</strong> Iowa Center for<br />

Advancement, focusing on<br />

fundraising for the <strong>Tippie</strong><br />

<strong>College</strong> <strong>of</strong> <strong>Business</strong>.<br />

CHUCK SWANSON (BBA75/MBA76) received a Distinguished “Forevermore” Staff<br />

Award at the 2023 Hawkeye Distinguished Alumni Awards. Swanson worked at Hancher<br />

Auditorium for 37 years, first as its business manager, then associate director, and as<br />

executive director from 2002 until his retirement in 2022.<br />

CHRIS KLEIN (BBA85) was<br />

named to W.W. Grainger’s<br />

board <strong>of</strong> directors.<br />

ELIZABETH (MCCANNON)<br />

KOHLHAAS (BBA10) is<br />

the finance manager for<br />

NA operations at Corteva<br />

Agriscience in Des Moines,<br />

Iowa.<br />

LURA MCBRIDE (BBA93)<br />

was named the 2023<br />

National Association <strong>of</strong><br />

Electrical Distributors<br />

(NAED) Women in Industry<br />

Trailblazer honoree. She<br />

was also the Cedar Rapids<br />

Economic Alliance’s 2023<br />

recipient <strong>of</strong> the Howard<br />

Hall Excellence in <strong>Business</strong><br />

Award. McBride is the<br />

president and CEO <strong>of</strong> Van<br />

Meter in Cedar Rapids, Iowa.<br />

IAIN O’CONNOR (BBA17)<br />

began a new position as vice<br />

president with J.P. Morgan<br />

Private Bank.<br />

ALLISON PENDROY<br />

(BBA99) is the COO at<br />

WesleyLife in Johnston, Iowa.<br />

Upon retirement, Peppers<br />

volunteered with many<br />

outreach programs and<br />

frequently gave speeches to<br />

veterans’ groups at patriotic<br />

celebrations.<br />

CHARLES SCHALLER<br />

(MBA17) is now the vice<br />

president <strong>of</strong> planning and<br />

analytics and medical policy<br />

at UnitedHealth Group in the<br />

Twin Cities.<br />

JOHN KOOLSTRA (BBA82)<br />

retired in January, <strong>2024</strong><br />

after a 30-year career at the<br />

Vermeer Corporation in Pella,<br />

Iowa working in a variety <strong>of</strong><br />

finance roles, the latest as<br />

treasurer for the company.<br />

JOHN MICKELSON<br />

(BBA03/MBA07/JD07) is<br />

co-founder and managing<br />

partner <strong>of</strong> Midwest Growth<br />

Partners in West Des Moines,<br />

Iowa. The private equity firm<br />

completed fundraising for<br />

its third investment fund,<br />

exceeding its initial goal and<br />

reaching $170M.<br />

ANAND PATEL (BBA23)<br />

is a business applications<br />

associate in the consulting<br />

practice <strong>of</strong> RSM in Dallas.<br />

MAJOR GENERAL JOHN<br />

PEPPERS (BBA59/MA72)<br />

posthumously received a<br />

2023 Hawkeye Distinguished<br />

Alumni Service Award. He<br />

served in the U.S. Army for<br />

31 years and was awarded<br />

the Distinguished Service<br />

Medal, the Legion <strong>of</strong> Merit,<br />

and Bronze Star Medal.<br />

CHRIS SNYDER (BBA92) is<br />

the new president <strong>of</strong> Folience<br />

in Cedar Rapids, Iowa.<br />

UNIVERSITY OF IOWA TIPPIE COLLEGE OF BUSINESS 19


ALUMNI UPDATES<br />

CONNECT WITH US @<strong>Tippie</strong>Iowa <strong>Tippie</strong>Iowa <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong> @<strong>Tippie</strong><strong>College</strong><br />

THEN & NOW<br />

1985 <strong>2024</strong><br />

ARE YOU A<br />

published<br />

author?<br />

Let us know!<br />

It’s ok to brag a little.<br />

Update your info at:<br />

tippie.uiowa.edu/update<br />

heart<br />

MARC SWERDLOW (BBA85) is the president <strong>of</strong><br />

the real estate investment firm Grand Peaks and the<br />

founder <strong>of</strong> EMES Real Estate Advisors in Denver.<br />

JOE VENS (BBA13) was<br />

named to the Corridor<br />

<strong>Business</strong> Journal’s Forty<br />

Under 40 list for 2023. Vens<br />

is a risk advisor with First<br />

MainStreet Insurance in<br />

Cedar Rapids, Iowa.<br />

COLONEL KEVIN W.<br />

TECHAU (BBA81/JD84)<br />

received a 2023 Hawkeye<br />

Distinguished Veterans<br />

Award from the University<br />

<strong>of</strong> Iowa. Techau served for<br />

seven years in the U.S. Air<br />

Force and 19 years in the<br />

Iowa Air National Guard,<br />

after which he was awarded<br />

the Legion <strong>of</strong> Merit for his<br />

service. He also served as<br />

the U.S. Attorney for the<br />

Northern District <strong>of</strong> Iowa<br />

from 2014 to 2017 and<br />

received the Iowa Public<br />

Health Heroes Award from<br />

the UI <strong>College</strong> <strong>of</strong> Public<br />

Health for his work in opioid<br />

overdose death prevention<br />

in Iowa.<br />

MOLLIE THOMSEN<br />

(BBA08) was named to the<br />

Corridor <strong>Business</strong> Journal’s<br />

Forty Under 40 list for 2023.<br />

She is COO, wealth advisor,<br />

and principal at United Iowa<br />

Financial.<br />

TERRI VAUGHAN (BBA79)<br />

was recognized as a 2023<br />

Woman <strong>of</strong> Influence by the<br />

Des Moines <strong>Business</strong> Record.<br />

EMILY VORLAND (BBA07)<br />

welcomed a son, Lewis, in<br />

December 2021. Vorland is<br />

an emergency room nurse<br />

in Denver.<br />

KATELYN WHEELDON<br />

(BBA16) graduated with<br />

an MBA from the Wharton<br />

School at the University <strong>of</strong><br />

Pennsylvania.<br />

LINDSEY (DOTY) LOWRY (BBA19) and JASON<br />

LOWRY (BBA19) were married in August <strong>of</strong> 2023. They<br />

met in a database management class their junior year<br />

at <strong>Tippie</strong>. Lindsey is a senior process analyst in risk<br />

management for Target and Jason is an associate<br />

portfolio manager at BMO in Minneapolis.<br />

Your Name Here<br />

(BBA/MBA/PhD)<br />

New job?<br />

New grand/baby?<br />

Retirement?<br />

It’s ok to brag a little.<br />

Send your update to:<br />

tippie.uiowa.edu/update<br />

EDITOR’S NOTE: Alumni<br />

updates are submitted by<br />

alumni and are not verified<br />

by the editor. While we<br />

welcome alumni news,<br />

<strong>Exchange</strong> Magazine is<br />

not responsible for the<br />

information contained in<br />

these submissions.<br />

20 EXCHANGE <strong>2024</strong>


SEPEHR ROUDINI<br />

Finance Ph.D. Student | <strong>Tippie</strong> <strong>College</strong> <strong>of</strong> <strong>Business</strong><br />

1 What are you reading? The Code Breaker by Walter<br />

Q Isaacson. It is an incredible book that explores the<br />

groundbreaking research <strong>of</strong> Nobel Prize winner Jennifer<br />

Doudna in genome editing and its potential impact on the<br />

future <strong>of</strong> humanity.<br />

2 Who is inspiring you? I’m inspired by those who<br />

Q courageously fight for truth and freedom, whether it’s<br />

journalists uncovering corruption, activists advocating for<br />

human rights, or individuals challenging oppressive systems.<br />

After all, the core <strong>of</strong> social science research is to shed light on<br />

the truth.<br />

3 What is the best part <strong>of</strong> your day? The best part <strong>of</strong> my<br />

Q day is the evening when I can be with loved ones, whether<br />

it’s sharing a meal or simply enjoying each other’s company.<br />

NATALIE COSTELLO<br />

BBA87 | Former Vice President, BP<br />

1 What are you reading? If you asked my husband, Tom, he might say “What<br />

Q is she not reading?!” Seriously, on my nightstand is the book Les Parisiennes<br />

by Anne Sebba. It’s a fascinating non-fiction account <strong>of</strong> how women in Paris<br />

lived, loved, and died during and after the Nazi occupation in the 1940s. It’s about<br />

choices and decisions they faced daily to survive and either collaborate or resist<br />

the powers <strong>of</strong> the era.<br />

2 Who is inspiring you? My children, Anna and JD, who are in their early and<br />

Q mid-twenties, respectively. Watching them navigate young adulthood, build<br />

their independent lives, develop their careers, and live on their own and support<br />

themselves financially is a joy.<br />

3 What is the best part <strong>of</strong> your day? Early in the morning shortly before the<br />

Q sun starts rising. Living on the east coast <strong>of</strong> Florida, we have some <strong>of</strong> the<br />

most beautiful sunrises I’ve ever seen. I love to wake early, meditate, read, learn,<br />

contemplate, and dream for an hour or so.<br />

LAWRENCE COOK<br />

Pr<strong>of</strong>essional Director, Master<br />

<strong>of</strong> Finance program; Associate<br />

Pr<strong>of</strong>essor <strong>of</strong> Practice | <strong>Tippie</strong><br />

<strong>College</strong> <strong>of</strong> <strong>Business</strong><br />

1 What are you reading? The Fountainhead by Ayn Rand.<br />

Q An interesting novel from years back challenging the<br />

reader to think through some <strong>of</strong> the basic concepts <strong>of</strong> our time.<br />

2 Who is inspiring you? My son, Cameron. As a naval<br />

Q <strong>of</strong>ficer, Cam’s currently on deployment in the Middle<br />

East. His experience puts everything in context!<br />

3 What is the best part <strong>of</strong> your day? Watching<br />

Q television at day’s end on the couch with Peanut Butter,<br />

our English Bulldog. She’s a good girl!


Department <strong>of</strong> Finance<br />

108 John Pappajohn <strong>Business</strong> Bldg.<br />

Iowa City IA 52242-1994<br />

tippie.uiowa.edu<br />

Soccer fans are nothing short <strong>of</strong> passionate, but<br />

Kyle Krause (BBA85) took it to a whole new level<br />

when he bought a club! Read his story on page 10.

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