Leading healthcare industry analyst on Wall Street and MBA alumnus from 1981, Todd B. Richter, has recently announced a major estate commitment to the Kelley School. The value of this generous commitment surpasses $5 million and is set to be channeled into the creation of the Todd B. Richter Fund.
The Fund will be used to support five pivotal endowments within the Kelley School. It plans to sponsor two professorships, intended for faculty members who have a rich experience in securities analysis. Additionally, it aims to present graduate fellowships to dedicated students of Kelley with a specific interest in finance and securities analysis studies. The fund also earmarks resources to provide backing for the Graduate Finance Department and the Dean’s Office. Lastly, it sets aside an endowment which ensures any leftover bequest is equally distributed among the other four funds.
Richter’s exceptional generosity and commitment embody the values that the Kelley School upholds, as underscored by Dean Daniel C. Smith. In addition to his financial contributions, Richter also offers his time and expertise, mentoring students, sharing research ideas with professors, participating on the Reese Fund board, and judging in case competitions. The Dean believes the Richter Fund will serve as a beacon to inspire future generations of the Kelley community.
As the Managing Director of the global healthcare investment banking group at Bank of America, Richter leads the group’s financial sponsor coverage and develops key transactions based on significant strategic and financial trends. Before this role, he was head of the healthcare research group and acted as a senior research analyst on an array of healthcare providers and distributors.
Before his tenure at Bank of America, which began in 1999, Richter invested 18 years at Morgan Stanley. During his time there, he directed the firm’s healthcare services equity research and actively covered all healthcare service subsectors.
Richter received his undergraduate degree from the College of William and Mary in 1979. Currently, he is a part of the Kelley School Dean’s Council and an active member of the Kelley Alumni Association’s Metropolitan New York chapter. He is also a member of the Indiana University Foundation’s Arbutus Society. His illustrious career is evidenced by being named an “All-American Analyst” 17 times by the Institutional Investor’s Annual Survey, as well as an “All-Star Analyst” by the Wall Street Journal.