UTSA College of Business Newsletter
October 20, 2015
Frost Distinguished Lecture Series

Walter Embrey
Real Estate Icon Walter Embrey Makes $1 Million Gift
to Real Estate Finance and Development Program

Creating a legacy in the UTSA College of Business, San Antonio real estate legend Walter M. Embrey Jr. has made a $1 million gift in support of graduate student real estate education. In recognition of his gift, the college’s program will be named the Embrey Real Estate Finance and Development Program. Embrey is the founder and chief executive officer of Embrey Partners, a fully integrated development, construction and property management operation specializing in multifamily and commercial projects. “We are proud to have the Embrey name forever tied to the college’s real estate program,” said Tony Ciochetti, the Elmo James Burke Jr. Chair in Real Estate Finance and Development. “Walter was instrumental in the creation of our program, and his gift will help bring us to the next level in developing premier programming for our graduate students.” Building on the success of the undergraduate real estate finance and development program, the college is launching a cohort-based, two-year master’s program in real estate finance and development. Embrey’s gift will support graduate student fellowship opportunities, externship stipends and graduate research funding.
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Kudla Lab Dedication
College Dedicates Cyber Security Laboratory in Honor
of Alumni Nancy and Frank Kudla

The UTSA College of Business dedicated the Kudla Foundation Research Laboratory last month in UTSA’s North Paseo Building. The laboratory was named for business alumni Nancy, MBA ’87 and Frank Kudla, ’85 for their unwavering support of the college’s cyber security program. Joined by their family as well as UTSA faculty, students and administrators, the Kudlas unveiled the new laboratory which will be utilized by cyber security students to train for cyber competitions. “We have high expectations for the College of Business to ascend to the Top Tier,” said Nancy Kudla. “We believe the cyber security program is going to lead the way.” Speaking to the students she said, “Show the rest of the world what UTSA can do. You are in a great place to build your skills.” The Kudlas were recognized for their $500,000 gift to establish the Nancy and Frank Kudla Endowed Fellowship in Information Assurance and Security in the College of Business. The fellowship supports graduate research and education and allows the college to recruit the best and brightest in the field of cyber security. Since the program’s inception, three students have been named Kudla fellows.
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Alumnus Gino Chincarini
Alumnus Gino Chincarini is UTSA's Longest-Running Alumni Supporter

Gino Chincarini, ’79, MBA ’82 remembers his experience as a UTSA student as vividly as if it were yesterday. To this day, he cherishes the professors, the proud students and lifelong friendships. He personifies the spirit of a proud Roadrunner, and his 24 consecutive years of giving to the university are the evidence. “I didn’t realize it’s been that long. It is such a blessing to know that my years of giving have made an impact for students at UTSA,” said Chincarini. Since 1991, he has made 131 monetary gifts to support various UTSA programs, scholarships and the College of Business, where he earned both his undergraduate degree in accounting and MBA. Including gifts ranging from $25 to $1,500, and membership with the Alumni Association, he has contributed more than $20,000 over the years. “It’s not the amount that matters, because it all adds up over time. I see it as making an investment in the future and our community,” he explained. “I feel very blessed to be able to give to UTSA,” he shared.
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Wall Street bull
Business Professor Takes on "Too Big to Fail" Banks

The financial crisis is nearly a decade in the past, but UTSA Associate Professor of Economics Edgar Ghossoub says we’re still feeling the effects and are essentially living in a brave new financial world. In a study published in the European Economic Review, Ghossoub argues that because large banks have become bigger than ever, their market power is unprecedented and competition is rapidly becoming a thing of the past. “Over the past 20 or 30 years, we’ve seen this trend with the number of banks declining. If you can’t compete, you’ll be acquired by another bank,” he said. Banks bearing that infamous moniker “too big to fail” are, to no one’s surprise, burdensome on the economy because of their systemic risk. If they topple, they require political intervention and become too powerful to regulate. “It’s the result of a free market,” Ghossoub said. “It’s not necessarily a bad thing, but in any market you can’t leave it unleashed completely. You always need regulatory measures, but to what extent is a different story.”
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