Victory Capital Announces the Victory Capital Scholars Program and Strategic Alliance with Xavier University of Louisiana
April 26 2021 - 8:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that it has established a
scholarship program for students attending Xavier University of
Louisiana (“XULA”) who are interested in pursuing careers in the
investment management industry.
“We are proud to announce the launching of this scholarship
program and our strategic alliance with XULA,” said David Brown,
Chairman and CEO of Victory Capital. “Diverse and inclusive teams
are proven to make better business decisions based on input from
different perspectives. By taking action to promote equity and
social mobility, we can advance students of color while building a
more robust pipeline of high-quality candidates to fill future jobs
in the financial industry.”
Through the newly introduced Victory Capital Scholars Program,
$50,000 of direct financial support will be provided to XULA
students for the 2021-2022 academic school year to pay expenses not
covered by existing grants and awards. These “gap” scholarships
will be awarded based on need and merit, with special consideration
given to students in the Post-911 GI Bill’s Yellow Ribbon Program.
Victory Capital’s Black Employee Resource and Military Employee
Resource Groups will be instrumental in evaluating the applicants.
Qualifying students include sophomores, juniors, and seniors with
preference going to those with a declared major or minor in
Business or Finance.
In addition, Victory Capital has agreed to provide $50,000 in
funding to launch an Investment Club at XULA. The proceeds will be
used to seed an investment portfolio managed by students, providing
hands-on experiential learning opportunities.
“Xavier is grateful for the support that Victory Capital is
providing for our students,” said Dr. Reynold Verret, President of
Xavier University of Louisiana. “With their diverse holdings and
forward-thinking business model, Xavierites interested in finance,
management, and business leadership could learn a lot from their
experiences. Victory Capital’s investment in the talented young
women and men of our institution allows for the opportunity of our
students to explore new avenues of growth and achievement.”
About Victory Capital
Victory Capital is a diversified global asset management firm
with $154.3 billion in assets under management as of March 31,
2021. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 10 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment styles
and investment vehicles including, actively managed mutual funds,
separately managed accounts, active ETFs, multi-asset class
strategies, custom-designed solutions and a 529 College Savings
Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn
About Xavier University of Louisiana
Being America’s only historically Black and Catholic University
is only the first among many distinctions that have set Xavier
University of Louisiana apart for more than nine decades. Despite
its relatively small size (3,300 students), Xavier is a nationally
recognized leader in the STEM and the health sciences, producing
more African American students who graduate from medical schools
each year than any other university in the United States. Its
College of Pharmacy is among the top producers of African American
pharmacists. Its liberal arts-based programs in such areas as art,
business, education, psychology, and political science – as well as
recent additions in bioinformatics, data science, neuroscience,
crime and social justice, and jazz studies – offer students an
unbeatable combination of traditional classroom study, hands-on
research, service-learning opportunities, and life experiences.
The winning Xavier formula provides students with a
well-balanced curriculum and an environment that nurtures their
intellect and feeds their souls. For more information about Xavier
University of Louisiana, visit us online at www.xula.edu or follow
us on Facebook, YouTube, or Twitter @XULA1925. To book interviews
and/or to speak with our experts in the field of pharmacy,
education, premed, public health, science, technology, math,
business, English, communications, and the arts, contact Lance
Sumler at lsumler@xula.edu
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210426005146/en/
For Victory Capital Management: Investors: Matthew
Dennis, CFA Chief of Staff Director, Investor Relations
216-898-2412 mdennis@vcm.com Media: Tricia Ross 310-622-8226
tross@finprofiles.com For Xavier: Lance Sumler
lsumler@xula.edu
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