STATEN ISLAND, NY – After Bob Pangia graduated from Monsignor Farrell High School in 1969, he made an impressive name for himself in the financial world. Heading an investment banking division at PaineWebber / UBS before co-founding Ivy Capital Partners, a private equity firm specializing in orthopedics, the CEO rose through the corporate ranks and went through is deeply rooted in the industry, gaining over 30 years of experience in financial management, investment banking and private equity. A qualified executive leader, Pangia has a strong track record of success. This month, he will report these accomplishments to his alma mater as the Oakwood School officially launches the first formal program of its brand new Business & Finance Institute.
“I could not be happier that Monsignor Farrell High School has embarked on a business and financial education initiative,” noted Pangia, who was instrumental in the development and launch of the Institute. âIn addition to providing students with valuable knowledge and insight into real-world financial issues, such a program enables Archbishop Farrell to take advantage of two important strengths: its proximity to Wall Street, the financial capital of the world, and its already strong representation of alumni in the financial services industry.
Equipped with 12 Bloomberg terminals – the same technology found on the trading desks and research departments of the world’s largest financial institutions – plus a SMART Board, video and teleconferencing technology, a financial library from current periodicals and other material related to business and finance; and a real-time digital ticker, Farrell’s Business & Finance Institute will serve as a global initiative to bring financial literacy to students.
With floor-to-ceiling glass walls, murals of the iconic Wall Street Bull by Arturo Di Modica and the New York Stock Exchange, and world market time zone clocks on the wall, this professional space and enterprise shines both for its aesthetics and its function. At the end of January, Pangia will launch a weekly guest speaker series there that will give students a real-world glimpse into many financial topics they may only know from the headlines they find online.
âI believe this program will meet the needs of a wide range of students,â Pangia explained. âThe institute will offer programs to teach basic financial skills to cope with an increasingly complex world of financial instruments and institutions. Additionally, for students who wish to pursue a career in financial services, the program will highlight the many career paths available through the introduction of contemporary topics in business and finance and through interaction with many Farrell men who came before them and are willing to share their experiences. A win / win situation.
The school plans to tap into its large pool of accomplished alumni to engage students in topics related to investment banking, portfolio management, private equity, cryptocurrency, real estate, entrepreneurship and more.
According to Lou Tobacco, chairman of Farrell, many leaders in business and finance, including: Pangia; Larry Unrein, 1974, retired Global Director of Private Equity at JP Morgan; Jim Quinn, ’70, retired president of Tiffany & Co., and Mark Sigona, ’80, CEO of Signature Bank – have already teamed up with Farrell to share what they’ve learned since going to school, helping current students achieve future success.
âOver the past few years, we have invested heavily in modern tools to provide our students with the skills and knowledge they will need for college and to be productive members of society,â said Tobacco. âThe Monsignor Farrell High School Business & Finance Institute with a Bloomberg Lab is the next tool that will not only open up new career paths for our young men to explore, but allow them to build a solid foundation in financial literacy. and the world of business and finance to become strong leaders in their families and communities.
Tobacco said the school has spent a lot of time working with university professors and finance professionals to design programs to make the most of this new asset for students.
The Institute’s guest speaker series will last approximately 18 weeks, initially in the form of an extracurricular presentation and an interactive demonstration on the use of the terminals. Open to all students, discussions led primarily by alumni will cover everything from investment and sales strategies, to trading, corporate governance and personal financial planning. Sports and entertainment business is also part of the program, as is residential and commercial real estate investment and development.
But the Institute goes far beyond a series of conferences. Bloomberg Certification credit training courses, a voluntary choice for interested students, will provide a visual introduction to financial markets and the basic functionality of the Bloomberg terminal.
âBloomberg certification is renowned and makes any candidate for a finance job attractive,â Tobacco said. âIt is very specialized and sought after and will give students an advantage. “
Students will also invest and trade with real money in this institute, which is part of the financial literacy program that will be added to Farrell’s four-year core curriculum starting in the 2022-2023 academic year.
âThe Business & Finance Institute represents a significant development in the curriculum at Monsignor Farrell High School,â noted Larry Unrein, who has played an important role in the development of the Institute. âThis will be a great resource not only for students who might be interested in a career in the financial industry, but for all of our students in helping to build a solid foundation in financial literacy. The tremendous benefits of this program extend to assisting the school with networking opportunities to bring alumni into school life and leverage their vast knowledge and talents.
According to the school, the Business & Finance Institute is one of only two Bloomberg programs of its size currently in all of New York City, and the first of its kind on Staten Island. Tobacco said the concept, which was generously funded by alumni in the industry, was born out of the desire and will of former Farrell students who have made careers in the various disciplines of business and finance. and who wanted to give back. Feedback from colleges and universities on what students should be prepared for also helped found it.
In addition to supporting study programs in financial literacy, accounting, economics and business, Tobacco said the Business & Finance Institute will serve as a launching pad for after-school programs, including investment clubs and competitions, entrepreneurship workshops, summer business and investment camps and special programs for local high schools and colleges.
“It is Bishop Farrell’s mission to develop man as a whole, a person aware of his own God-given talents, confident in his abilities and oriented towards the service of others,” concluded Tobacco. “We believe this company is putting our mission into action – especially since a fundamental principle of this institute will be to teach our ‘faithful men’ the importance of philanthropy and the priority of giving to others.”