Summer 2005

In Brief

Rudd Family Endows Chair in Finance

The Rudd Family Foundation has pledged $1.5 million to fund the Rudd Family Foundation Chair in Finance at the Haas School.

Virginia and Andrew Rudd, MBA 76, chose to fund faculty in the area of finance to recognize Andrew's long career in the financial industry. Over the years, the Rudds have supported initiatives to improve education at the undergraduate and graduate levels through their foundation giving.

"This is a wonderful addition to our endowment, and it meets one of the school's highest goals," says Dean Rich Lyons. "This chair will enable us to support a professor in one of the Haas School's strongest academic areas and help the school retain its outstanding faculty members."

Andrew Rudd and Barr Rosenberg, then a professor of economics at UC Berkeley, founded the Berkeley-based financial software firm Barra in 1975. Rudd was introduced to Rosenberg while still a student. He says, "that was effectively the founding of Barra. I went on to develop one component of what became the company's first software offering." Barra now operates 11 offices in 8 countries with a staff of more than 500. Rudd stepped down as CEO in 1999, and now is a Special Advisor to Morgan Stanley. In addition to his Berkeley MBA, Rudd holds an MS 72 and a Ph.D. 78 in Industrial Engineering and Operations Research from UC Berkeley.

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