Marriott Alumni Magazine

Summer 2017

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School News He is the first BYU student to win the IMA's manuscript competition. "I'm honored to be the first BYU student to receive this award, especially since BYU's IMA student chapter is only a few years old," Steed says. "I hope to see more BYU students receive this award in the future." Swain, who has taught and conducted research in management accounting since graduating from Michigan State University in 1991, will add the 2016 R. Lee Brummet Distinguished Award for Educators to his list of numerous teaching awards. The Brummet Award is given to one esteemed academician each year and is based on four criteria: a distinguished teaching career in manage- ment accounting, record of scholarship in management accounting, service to the IMA, and promotion of management accounting as a profession. "Monte's recognition is well deserved," says Jeff Wilks, School of Accountancy director and EY Professor. "He has served tirelessly for years among his fel- low management accounting professors, and no one cares more for his students than Monte." Credit Suisse Exec Speaks at Convocation Eric Varvel, head of investment banking and CEO of the Asia Pacific Region for Credit Suisse, was the featured speaker at the April 2016 convocation for the Marriott School of Management. Varvel graduated with a bachelor's degree in management with a finance emphasis from the Marriott School in 1987. He then worked as an analyst in the investment banking department of Morgan Stanley in New York and Tokyo before joining Credit Suisse in 1990. He has served in numerous roles with Credit Suisse, including on the company's executive board and in several CEO posi- tions. He and his wife, Shauna, have been married for more than twenty-eight years and have five children. Speaking to the graduates gathered in the Marriott Center, Varvel described North Carolina, feeling prepared to handle the intensity of the competition. "We talked to a lot of the other teams who said they've done a handful of deals, read some blogs, and done research; we'd looked at thirty or so deals in Cougar Capital alone," says Doug Hicken, a team member and April graduate from Irvine, California. "It helped us go in and quickly realize what needed to happen with the deal, what was important and what wasn't." With the win, BYU joins a group of past global champions that includes MIT, Columbia, Yale, Wharton, Chicago Booth, and Berkeley. "Joining the other first-place schools is indicative of the quality of the BYU MBA," Williams says. "We had a great team of students competing, and we're proud of their accomplishment." Accompanying Hicken and Hoke in winning the $5,000 first-place prize were fellow April graduates Jono Castleton from Mission Viejo, California, and Jorge Montalva from ViƱa del Mar, Chile, as well as first-year MBA student Erika Nash from Holladay, Utah. IMA Honors Student and Professor In a big win for the BYU School of Accountancy, 2016 graduate Kevin Steed and Deloitte Professor Monte Swain were named recipients of prestigious awards from the Institute of Manage- ment Accountants (IMA). Steed, a native of St. George, Utah, who earned a bachelor's degree in accounting this past April and who was president of the BYU IMA student chapter, accepted the 2016 Student Manuscript Award and had his work "Monopoly, Accounting, and the IMA" published on the IMA website. Kevin Steed Monte Swain byu Claims Venture Capital World Title Eleven years after Marriott School of Management professor Gary Williams established BYU Cougar Capital, a team of students showcased the course's prestige as one of the best educational venture capital opportunities in the country by winning the 2016 Venture Capital Investment Competition (VCIC) global finals. "I think we did a really good job of feeling like a relationship-based firm," says Brad Hoke, a team member from Hickory, North Carolina, who graduated last April. "Our team had not only exper- tise but also very good personalities. We tried to offer more than just capital; we offered a partnership." Held at the University of North Caro- lina Kenan-Flagler Business School in May, the VCIC finals involved thirteen of the globe's top MBA programs, including eight from the United States, three from Asia, and two from Europe. Each team in the competition was tasked with choos- ing one company to invest in from a pool of five startups. After due diligence and interviews with entrepreneurs, the teams picked a company, drew up term sheets and other paperwork, met with judges posing as investment partners, and nego- tiated with the entrepreneurs over terms. After gaining a semester of experience working with a robust portfolio of invest- ments through BYU Cougar Capital, a ven- ture capital and private equity fund run by second-year MBA students, the Marriott School students arrived at Chapel Hill, Marriott School mba students Jorge Montalva, Erika Nash, Brad Hoke, Doug Hicken, and Jono Castleton won first place at the VCIC global finals. 36 MARRIOTT

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