Jersey City, N.J. – November 7, 2023 – The Frank J. Guarini School of Business at Saint Peter’s University today announced that it has expanded its partnership with the investment management company, Lord Abbett. Saint Peter’s originally partnered with Lord Abbett in 2020 to support the launch of the University’s first Student Managed Investment Fund (SMIF). Lord Abbett has now committed to provide $15,000 annually over the next two years to support the operation of the SMIF. Lord Abbett will also continue to provide mentorship and career development opportunities for Saint Peter’s students.
“The partnership between Saint Peter’s and Lord Abbett has yielded immeasurable mutual benefits,” said Kimberly Reeve, Ph.D., KPMG dean of the Frank J. Guarini School of Business at Saint Peter’s University. “Saint Peter’s students have gained practical experience in the classroom and in the field thanks to so many dedicated Lord Abbett investment professionals. Lord Abbett has also been able to recruit motivated interns and employees from the Guarini School of Business. We are grateful for the ongoing commitment and look forward to the promising trajectory of our partnership in the years ahead.”
In addition to the financial commitment, Lord Abbett will also continue to provide a mentorship council consisting of Lord Abbett investment professionals who volunteer to provide coaching, education and non-investment specific guidance to student participants. Lord Abbett will also provide ongoing experiential learning for students through boot camp training sessions, site visits to Lord Abbett’s offices, annual compliance presentations, bi-weekly council sessions and regular guest speaker presentations on financial topics.
“We are delighted to strengthen our partnership with Saint Peter’s University, as we believe in the transformative power of education and mentorship,” said Catherine Tantillo, head of social impact at Lord Abbett. “Over the past four years, we’ve been proud to provide financial support, guidance and hands-on experience to empower aspiring young adults to reach their potential. We look forward to nurturing the future leaders in the financial industry for years to come.”
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For more than 150 years, Saint Peter’s University, inspired by its Jesuit, Catholic identity, commitment to individual attention and grounding in the liberal arts, educates a diverse community of learners in undergraduate, graduate, doctoral and professional programs to excel intellectually, lead ethically, serve compassionately and promote justice in our ever-changing urban and global environment. To learn more, please visit saintpeters.edu.
Lord Abbett is a privately held, global asset management firm founded in 1929. From the day we first opened for business, our approach to investing for and serving our clients has been rooted in our core beliefs: Our clients always come first, our firm maintains a singular focus on the management of money, and our perspective is shaped by our independent thinking. These beliefs and our experience have empowered us to serve generations of clients, navigate changing markets, and earn the privilege of managing assets across a full range of global investment offerings.