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WASHINGTON -- Georgetown University's McDonough School of Business has launched the Psaros Center for Financial Markets and Policy.
The center provides thought leadership that impacts global finance by advancing the dialogue around public and private markets; conducting research that impacts practice and policy; convening scholars, industry participants and policymakers; and cultivating students to become the next generation of leaders.
More than a decade after providing seed capital to establish a financial markets and policy center at Georgetown McDonough, Michael G. and Robin Psaros are committing $11 million to endow the center. This gift builds upon years of collaboration between Michael Psaros and his mentor, Reena Aggarwal, professor of finance and center director.
"My family is humbled to invest in the center at Georgetown, particularly during this time of profound global change," said Michael Psaros, a Weirton native and co-founder and managing partner of KPS Capital Partners LP. "In doing so, we are privileged to give back to a country that has provided us with so many opportunities."
"The Psaros Center will convene leaders across the private and public sectors and act as an intellectual honest broker, a facilitator and an educator, and will become the primary destination for practitioners, policy makers and journalists seeking unbiased expertise," continued Psaros, who is a member of the Georgetown board of directors and serves as co-vice chair of the board of advisers of the McDonough School.
"Mike's gift is going to be transformational in allowing the center to fulfill its ambition and in enhancing Georgetown's ability to provide thought leadership that directly impacts financial policy now, and in the future," Aggarwal said. "The center will provide expertise and research that will be helpful for market practices and also policymaking. The financial sector has a direct impact on innovation, job creation, economic growth and global society."
The center will bring together market participants, policymakers and leading academics to provide solutions for emerging challenges in global finance. It will engage students seeking to use finance to strengthen global society.
"I cannot tell you how excited and grateful we are to announce the Psaros Center for Financial Markets and Policy," said Georgetown University President John J. DeGioia. "This is an extraordinary moment for Georgetown, for our McDonough School of Business -- and our nation -- as we think about the kind of work, analysis, scholarship and research that this new center will enable us to do.
"Mike brings an extraordinary passion to everything that he does, especially his service to Georgetown," DeGioia continued. "He has a vision for the work that we can accomplish and he helps us to bring that vision to life."
The center is part of a larger initiative at the McDonough School to prepare students to lead in the fields of the future. By conducting cutting-edge research, holding events that bring together practitioners from across industries, and by fulfilling Georgetown's educational mission, the Psaros Center will be connecting people and ideas to find solutions to the world's most complex issues.
"With this gift," said Paul Almeida, dean and William R. Berkley Chair at Georgetown McDonough, "we will be on the path to be one of the best centers for global finance related to policy in the world. We are grateful to the Psaros family for this gift to achieve even more."