Frost Endows Faculty Chair in Finance


Provost John Frederick, Tom C. Frost, Palani-Rajan Kadapakkam and Dean Gerry Sanders celebrate the announcement of the Frost Chair.

Long-time UTSA supporter Tom C. Frost and Frost Bank established the $1 million Frost Chair in Finance during the 25th anniversary celebration of the Frost Distinguished Lecture Series last fall.

“Tom has been not only a friend to UTSA, but a leader in UTSA’s charge for attaining Tier One excellence,” said UTSA President Ricardo Romo. “Tom has been instrumental in recognizing the importance of endowing faculty positions at UTSA and encouraging others to support that endeavor through the Academic Excellence Council.”

A native San Antonian, Frost began his banking career in 1950 and is currently the chairman emeritus of the board of Frost Bank. He is the fourth generation of his family to oversee the bank founded by his great grandfather, Col. T.C. Frost in 1868.

Recognizing his service to UTSA, he is the first non-UTSA alumnus to receive the Distinguished Service Award from the UTSA Alumni Association. Committed to educational excellence, Frost is chairman emeritus of the UTSA Development Board and serves on the Campaign Leadership Committee.

“It is a great pleasure to be a part of what you’re doing here at this institution,” said Frost. “You are making a significant impact on the educational level here in San Antonio. I feel putting my efforts into UTSA is the real way I’ve been able to help you make that significant impact in our community, and it’s very important.”

The inaugural recipient of the Frost Chair in Finance is Professor Palani-Rajan Kadapakkam. Professor Kadapakkam is a leading academic scholar whose primary area of research is corporate finance. His research has examined issues such as the source of merger synergies and the impact of stock splits. Kadapakkam has been on the UTSA faculty since 1996 and received his Ph.D. from the University of Michigan.

“I am deeply honored by this appointment, especially because of the link to Tom C. Frost,” said Kadapakkam. “Mr. Frost epitomizes a successful business leader with a deep commitment to society. He is a tireless champion of UTSA with a keen appreciation of its critical role in our city. I admire and draw inspiration from his humility and his enthusiasm to share his knowledge with students. The endowment provides not only deeply appreciated financial support, but also vital encouragement to my efforts to enhance the academic experience of our students.”

 CITE Receives $300,000 Gift from 80/20 Foundation

The UTSA Center for Innovation and Technology Entrepreneurship (CITE) has received $300,000 from the 80/20 Foundation to continue its growth as San Antonio’s pipeline for young tech entrepreneurs.

“UTSA’s entrepreneurship program has been the best kept secret in San Antonio for many years,” said Lorenzo Gomez III, executive director of the 80/20 Foundation. “It is these students that will end up creating the next Rackspace, and we hope that with our partnership we can accelerate and expand their great momentum.”

With additional resources in place, we expect to see a sizable increase in the number of students and faculty involved in San Antonio tech start-up companies over the next few years.” -Cory Hallam

Established in 2006 as an interdisciplinary center in the College of Business and College of Engineering, CITE fosters the growth of entrepreneurs and new technology-based ventures through education, experiences, resources and support. More than 500 UTSA students have competed in the center’s technology business competition resulting in more than 80 new ventures pitched to investors. Several past competition winners have established start-up companies, secured funding, hired CEOs and are on their way toward commercial success.

“With additional resources in place, we expect to see a sizable increase in the number of students and faculty involved in San Antonio tech start-up companies over the next few years,” said Cory Hallam, UTSA chief commercialization officer, associate professor and CITE director. “We have built the foundation, now we are taking the next steps to create an even more robust entrepreneurial ecosystem at UTSA.”

College Partners with Chase to Offer On-Site Business Training

The UTSA College of Business has partnered with Chase to offer customized business training to its employees. The first executive education programming provided project management instruction to 67 Chase employees. The program will continue this fall with a business writing and communication course.

We chose UTSA because we want our employees to benefit from a very high caliber of teaching, and because UTSA is already one of our community partners.”  -Steven R. Yates

“We were looking for an opportunity to train our employees for the roles they aspire to, not just the roles they’re in now,” said Steven R. Yates, manager of the Chase work centers at Westover Hills and Stone Oak. “We chose UTSA because we want our employees to benefit from a very high caliber of teaching, and because UTSA is already one of our community partners.”

The College of Business established a formal partnership with Chase in 2013 to assist the company with two key initiatives: help drive talent to Chase to meet the company’s hiring demands; and develop customized programs to enhance advancement opportunities for its employees.

Since then, the college has focused on enhancing Chase’s visibility to business students and on streamlining the recruitment process to help align its undergraduate and graduate students with professional opportunities at Chase.

chase-logo-blue“This new program embodies the college’s executive education mission, which is to teach people something today that they can use tomorrow,” said Cheryl Linthicum, associate dean for MBA programs and executive education. “It has become clear that this type of customizable on-site business training is a win for employers, employees and UTSA.”

This program is just one component of the executive education programming at UTSA. The college’s primary executive program, the Executive MBA, is a highly integrated, 21-month program that offers an exciting opportunity for experienced managers, professionals and rising leaders to strengthen business fundamentals and acquire advanced skills and knowledge that are immediately applicable to career and personal growth.

Companies interested in partnering with the UTSA College of Business to create customized executive education for its employees should contact Cheryl Linthicum at

 Kudla Fellowship Program Supports UTSA Doctoral Student

MicheleMaasberg9627Michele Maasberg had two passions growing up— computers and flying. She satisfied her love of aviation by serving as a helicopter pilot for the U.S. Navy. And, she is realizing her dreams in cyber security through the Nancy and Frank Kudla Endowed Fellowship in Information Assurance and Security.

The Kudla Fellows program is a prestigious and competitive graduate fellowship program established through the generosity of UTSA alumni Frank, ’85 and Nancy Kudla, MBA ’87. Their $500,000 gift supports graduate student research and education in cyber security.

Maasberg, the inaugural recipient of this fellowship, is a doctoral student majoring in information technology. During her military career she graduated from the U.S. Naval Academy at Annapolis and flew antisubmarine warfare and combat search and rescue missions overseas before retiring as a lieutenant commander in 2006.

As a civilian, Maasberg explored her love of technology working on global health record systems with both the U.S. Navy and U.S. Army in Virginia. Even after earning numerous certifications, Maasberg wanted to formalize her education in a top-ranked cyber security program.

“I researched the best programs and selected UTSA,” said Maasberg, who earned her master’s degree in information assurance from UTSA in 2013. “UTSA has a good reputation in cyber security.”

Gaining technical experience in her graduate classes, Maasberg enjoyed the hands-on work. “I learned the formal process for how incident responses should be handled when investigating a virtual machine compromised with a variety of malware,” she said. “I realized I wanted to continue my education and pursue
a Ph.D.”

As a doctoral student, Maasberg is conducting research with faculty members Nicole Beebe and Darrell Carpenter on insider threat. Most recently she has had a paper published in the Journal of Information Privacy and Security and will present another paper at an upcoming security conference.

“I’m looking at the correlation between addiction theory and insider threat,” said Maasberg. “Studying the risks of insider threat using this behavioral model is unusual.” An insider threat is danger posed by trusted members of an organization.

“Obtaining a Ph.D. is a full-time job,” Maasberg said. “But throughout my studies I’ve been motivated by my fellowship. I’ve worked hard this past year on my research so that my donors can see the progress that I’m making in the world of cyber security. Their support of my education makes me want to achieve more.”

 College Appoints New Advisory Council Members

Eight business and community leaders joined the UTSA College of Business Advisory Council this year. The Advisory Council is a senior-level advisory group whose purpose is to assist the dean, faculty and staff in raising the academic profile of the College of Business.

I would like to provide guidance to the college in how to develop the best students possible.”  -Pat Duncan

Members advise the dean; fundraise for the college; support students through guest lecturing, mentorship activities and arranging corporate site visits; connect faculty to the business community; and promote the college to enhance student recruitment and executive education program development.

New members include Pat Duncan, retired chairman and CEO of USAA Real Estate Company; Jim Laffoon, president and CEO of Security Service Federal Credit Union; Patrick Mulva, MBA ’75, retired vice president and controller of Exxon Mobil Corporation; Karen O’Reilly-Smith, managing director and global head of identity administration for Citi; Nancy Ozuna, ’93, MPA ’95, partner at BKD; Michael Ramirez, ’79, executive vice president and chief financial officer at Strategic Materials; Martin Salinas, ’94, chief financial officer at Energy Transfer Partners; and Gary Simmons, EMBA ’00, senior vice president of supply, international operations and systems optimization at Valero Energy Corporation.

“I would like to provide guidance to the college in how to develop the best students possible,” said Duncan. “As a former CEO, I wanted to hire people that were well trained and ready to contribute to the organization. For new graduates I was looking not only for the technical skills, but also their interpersonal skills. I feel such interpersonal skills are often overlooked by most universities, and yet are perhaps the most critical for one’s success.”

“As a UTSA alumnus, I truly want to ‘give back’ to the school,” said Mulva. “I have watched UTSA grow from a distance and felt I could contribute to its future through direct involvement with the business school.”

 Student Organization Makes Inaugural Gift to College


Dean Gerry Sanders accepts a donation from Business Student Council members.

Beginning new traditions in the UTSA College of Business, the Business Student Council made a $3,000 gift to the college’s Ernst & Young Leadership Suites. The gift marked the first time that a business student organization has given back to the college financially.

“Each week we come into the Ernst & Young Leadership Suites for our meetings, and we wondered what it would take to get our names on the donor wall,” said Kenneth Martinez, a senior management science major. “The Business Student Council supports student professionalism, and this seemed like a perfect opportunity for us to give back to the college.”

The students raised the money by selling College of Business T-shirts and from their profits in helping co-sponsor the Texas Energy Expo.

donations“The college appreciates your precedent-setting gift to the Ernst & Young Leadership Suites,” said Dean Gerry Sanders. “I encourage you to get in the habit of giving back to causes that you support personally and professionally.”

The Business Student Council is a student organization that seeks to provide leadership and professional development opportunities for business students and strengthen synergies between registered business student organizations.

The Ernst & Young Leadership Suites were established in 2012 to provide first-class interview and professional development space for business students and employers. The 1,200-square-foot suites are located on the ground floor of the Business Building and feature six multipurpose breakout rooms with wireless Internet access and video conferencing capabilities.

Crowdfunding Campaign Sends Accounting Students to National Conference

Crowdfunding--PhotoAs part of a new crowdfunding initiative at UTSA, 20 accounting students were able to raise enough money to attend the national convention of the Association of Latino Professionals in Finance and Accounting (ALPFA) this summer.

During a month-long campaign, $7,745 was raised from over 125 donors. The money was raised through Launch UTSA, a crowdfunding campaign that uses social media and networking to raise money for worthy causes.

While at the conference, the students attended professional development seminars, participated in numerous professional programs and receptions and spoke to recruiters at the national job fair.

ALPFA is an organization for students interested in accounting and finance. They host professional development events throughout the year and sponsor an accounting boot camp for students taking intermediate accounting.