Toigo Foundation and B. Riley Financial Successful Conclusion of 2021 Summer MBA Investment Competition

Rhea-AI Summary

B. Riley Financial (RILY) and the Toigo Foundation announced the success of the 2021 Summer MBA Investment Competition, featuring nearly 50 MBA participants. The four-month program focused on industry education, mentorship, and practical business strategies, culminating in a competition where winners received a total of $60,000. B. Riley's involvement underscores its dedication to diversity and inclusion in finance, with 20 senior leaders actively participating. This initiative enhances learning opportunities and networking for rising professionals in the financial sector.

Positive

• B. Riley awarded a total of $60,000 to four winning teams.
• Nearly 50 MBA participants engaged in a robust business curriculum.
• B. Riley's commitment to diversity highlighted through senior leadership involvement.

Negative

• None.

OAKLAND. Calif., Sept. 19, 2021 /PRNewswire-PRWeb/ -- The Toigo Foundation and B. Riley Financial, Inc. (Nasdaq: RILY) are pleased to announce the successful culmination of the 2021 Summer MBA Investment Competition. Almost 50 MBAs participated in an immersive four-month summer program uniquely designed to facilitate industry education, mentorship, and the practical application of present-day business strategies led by experienced investment professionals from B. Riley.

Student teams participated in a robust business curriculum spanning ESG and socially responsible investment opportunities, SPACs, Acquisitions and Capital Allocation. The program culminated with a competition to present investment recommendations to a panel of B. Riley professionals and Toigo Alumni. At the conclusion of the program, B. Riley awarded a total of $60,000 to members of the four winning teams.

"B. Riley's contribution to Toigo's portfolio of training opportunities adds a rich, experiential dimension to the Foundation's MBA curriculum and reflects the firm's commitment to the continued development of diverse talent across the financial services landscape," said Kristy Posocco, Director of Education and Career Advancement for Toigo. "B. Riley's investment in the education of these rising financial services leaders and their commitment to diversity and inclusion is evident based on the nearly 20 senior leaders of the firm who participated throughout all phases of the program."

The program provided an outstanding platform to produce and present real time deliverables through a model synthesizing business education, collaboration and coaching based on real-world experience. Additionally, it offered MBAs an opportunity to expand their networks through the development of peer teams and with access to B. Riley's experienced investment professionals.

"This program was as much a learning experience for our team as it was for the MBA participants. We were inspired by the forward-thinking ideas presented to us, and by the overall passion and creativity of the winning teams. Working with Toigo has been an invaluable experience and B. Riley is incredibly proud to support the organization as a partner," said Bryant Riley, Chairman and Co-Chief Executive of B. Riley Financial.

The Foundation's focus on expanding the learning opportunities for Fellows and Finalists of the Toigo MBA Program led to the creation of the program through the enthusiastic engagement and financial support from B. Riley Financial.

About Toigo Foundation

The Toigo mission is to inspire change and advance more inclusive leadership within finance and beyond. Based in Oakland, CA, the non-profit has been focused on leadership development and workplace inclusion for 30+ years. Its programs and services include MBA career development, leadership and advancement support, women in leadership, and Toigo Inclusion Strategy Services. Nearly 1,800 men and women of color have held the designation of Toigo Fellow; today, many are leading teams and organizations in a mix of finance asset classes—and beyond. For more information, please visit http://www.toigofoundation.org

Info@toigofoundation.org
510-763-5771

About B. Riley Financial

B. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction and liquidation services. For more information, please visit http://www.brileyfin.com

Jo Anne McCusker
Media Relations
press@brileyfin.com
(646) 885-5425

Media Contact

Kristy Posocco, Toigo Foundation, 510-563-5771, info@toigofoundation.org

Twitter

SOURCE Toigo Foundation

FAQ

What was the outcome of the 2021 Summer MBA Investment Competition involving B. Riley Financial?

B. Riley Financial awarded $60,000 to members of the four winning teams from the competition.

How many MBAs participated in the Summer MBA Investment Competition?

Almost 50 MBAs participated in the 2021 Summer MBA Investment Competition.

What topics were covered in the Summer MBA Investment Competition program?

The program covered ESG, socially responsible investments, SPACs, acquisitions, and capital allocation.

Who participated in the Summer MBA Investment Competition from B. Riley Financial?

Nearly 20 senior leaders from B. Riley Financial were involved throughout the program.

What is the Toigo Foundation's mission related to the competition?

The Toigo Foundation aims to inspire change and advance inclusive leadership within finance.