fall07newsletter v o l u m e 6 n u m b e r 1

OPPORTUNITY KNOCKS

INTERN CLASS MAKESRECORD CHARITABLE GIFT!

S P O N S O R S F O R E D U C A T I O N A L O P P O R T U N I T Y

Preparing young people of color to lead by example in their families, communities and careers.

STAY CONNECTED WITH THE SEO FAMILY! Inside you will find news about the exciting things happening among SEO alumni, including

updates on social events and volunteer opportunities, profiles of alumni on the move and awealth of other information to keep you connected and in the know.

Ours is a unique network of remarkable people of color, living across the country and aroundthe world, making a difference in a vast range of fields. Please keep in touch with us and witheach other. We are here to help you personally and professionally – and to help you give back tothe next generation of deserving students of color.

ALUMN IN EWS

I NSI DE

SEO provides services through three major programs:

the SEO Scholars Program, the Career Program and Alumni

& Philanthropy Programs.

The Career Program Class of 2007 had a record-breaking summer! The431 SEO interns achieved 100% participation in the SEO Intern Class Giftinitiative, contributing over $68,000 to six charities! Students participatingin SEO’s Philanthropy Internship Program worked together to evaluatefellow interns’ philanthropic interests, develop grantmaking criteria, research various programs, conduct site visits at organizations throughoutNew York City and present suggested grantees to the entire class. The class voted to award 5 grants of $7,000 each to the following nonprofitorganizations serving young people in New York City:

Amethyst Women's ProjectAndrew Glover Youth ProgramChild Welfare Organizing ProjectKeep Rising to the Top, Inc.Sistas on the Rise

The remainder of the pooled fund was donated to the SEO Scholars Program.

SEO congratulates and thanks the Class of 2007 for their remarkable efforts!

fall07newsletter www.seo-usa.org

$68

$2$0K

$20K

$40K

$60K

$80K

$6 $6

$26

$42 $44$53

2000

Class Gift Raised ($000s)

2001 2002 2003 2004 2005 2006 2007

* This slide is from a presentation by the Education Trust based on data from: Prospects (ABT Associates, ‘93), in “Prospects: Final Report on Student Outcomes.” PES, DOE, ‘97.

SCHOLARS PROGRAM LAUNCHES ACHIEVEMENT

GAP INITIATIVE

Scholars spendsignificantly in-creased time on

academic tasks inseminar-style in-struction as a re-

sult of SEO’sAchievement

Gap Initiative.

Photo / Jeffrey Holmes

Based on data from the national Comprehensive Test of Basic Skills (CTBS), which measuresknowledge and skills in academic subject areas among a national sample of students, thegraph illustrates the wide disparity between achievement expectations at schools in affluentdistricts compared to those in high poverty districts, which include a disproportionate number of students of color.As the chart shows, “A” students in affluent schools scored at the 87th percentile on theCTBS 7th Grade Math exam. By contrast, “A” students attending high poverty schools scoredat only the 35th percentile on the same test. As disturbing, students who earn a “C” inaffluent schools score at the 41st percentile on the test, still outperforming “A” studentsfrom high poverty schools. This disparity continues in high school – students in poor districts who believe they are obtaining top grades lack the academic preparation to matriculate and succeed at a top college. Because academic preparation is by far the number one determinant that drives college entrance and graduation, last fall the SEO Scholars Program launched the Achievement Gap Initiative, a 4-year pilot program emphasizing intensive academic preparation to target the scholastic divide that adversely affects students of color, especiallyBlack and Latino students. The SEO Achievement Gap Initiative adds the equivalent of 48 school days to the 180-day publicschool calendar for our students – devoted to critical reading, critical writing, vocabulary, grammar and mathematics. We are building this initiative upon the solid record of success of the SEO Scholars Program. The Scholars Program currently serves225 NYC public high school students and 167 college students nationwide. In the past two Scholars classes, 100% of our studentsgraduated from high school in four years with a Regents diploma, and more than 75% of these students went on to collegesin the top three tiers of selectivity. Overall, SEO Scholars earned more than $600,000 in scholarships and grants last year.

Example: Seventh Grade Math*

Per

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ile -

Com

preh

ensi

ve T

est o

f Bas

ic S

kills

GradesA B C D

Affluent Schools Poor Schools

87100

80

60

40

20

0

35

56

3441

22 2111

A =CStudents in poor schools receive‘A’s for work that would earn ‘C’s

in affluent schools.

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SEO CHAIRMAN’S ADVISORY COUNCIL

SEO EXECUTIVE ADVISORY BOARD

MARK BIELERChairmanEdwin Gould FoundationLLOYD CAMPBELLHead of Private Placement GroupRothschild Inc.JAMES HADDONManaging DirectorCitigroup Global MarketsMILTON IRVINManaging DirectorUBS Investment BankWILLIAM E. LIGHTENManaging DirectorLehman Brothers, Inc.RAYMOND MCGUIRECo-Head of Global Investment BankingCitigroupMICHAEL RICCIARDIManaging DirectorMerrill LynchSABIN STREETERAdjunct Professor Columbia Business SchoolJOHN O. UTENDAHLChairman and CEOUtendahl Capital PartnersJIDE ZEITLINThe Keffi Group Ltd.

ROBERT MCCANN / ChairmanPresident of Global Wealth Management GroupMerrill Lynch

JESSE J. GREENE, JR.Vice President & TreasurerIBMWILLIAM M. LEWIS, JR.Co-Chairman, Investment BankingLazard Ltd.DINAKAR SINGH ‘88Chief Executive OfficerTPG-Axon Capital

www.seo-usa.org

WALTER K. BOOKER ‘81 / ChairmanGroup Vice PresidentAmeriprise Financial Services, Inc.AMY ELLIS-SIMON ‘93 / Vice ChairManaging DirectorMerrill LynchGILBERT ANDREW GARCIA ‘83 / TreasurerManaging Partner & COODavis Hamilton Jackson & Associates, L.P.CHARLES SHORTER ‘84 / SecretaryCreative Artists AgencyWILLIAM A. GOODLOE*President & CEOSponsors for Educational OpportunityKENNETH W. AUSTIN ‘87PresidentABFEMAYBEL MARTE BLACK ‘93Vice President Goldman, Sachs & Co.GLEN CAPELO ‘86Senior PartnerRBS Greenwich Capital MarketsFLORENT DALENCOURT ‘91Senior Systems EngineerNortel NetworksCARLA HARRIS ‘82Managing DirectorMorgan StanleyADAM KARR ‘92DirectorOrbis Investment ManagementDIEGO RECALDE ‘84PresidentConcrete StoriesJEFFREY SCRUGGS ‘83Managing DirectorUBS Investment BankEDUARDO SEDA ‘84Associate Director & Senior AnalystUBS Investment Bank BEATRICE SIBBLIES ‘89PrincipalB.O.S. DevelopmentJORGE SOLARES-PARKHURST ‘97Senior Managing DirectorBear Stearns & Co., Inc. EDWARD TAM ‘91Partner Apollo Investment ManagementDON TELLOCK ‘91PartnerArent FoxSTEPHEN YANG ‘98*Managing DirectorSquare Mile Capital Management LLC

Founder and Chairman EmeritusMICHAEL OSHEOWITZ

*Ex-Officio

SEO BOARD OF DIRECTORS

OPPORTUNITY KNOCKS CONTRIBUTING WRITERS AND EDITORSJon FeldmanEric GoldsboroughDaree LewisShannon SneadKierstyn Thayer

SEO-U A PIPELINE TO SUCCESS

Visit www.seo-usa.org/career for more information on SEO-U.

SEO-U is a growing pipeline of freshman and sophomore college students interested in learning more about careersin finance. SEO-U hopes to reach high potential students as early as possible to provide them with the advanced toolsand understanding of finance necessary to strengthen their candidacy when applying to the SEO Career Program.SEO-U offers a robust curriculum with access to SEO’s top online training programs, which are not only used to trainSEO Career Program interns but also analysts and associates at major banks and corporations. In addition, studentshave access to Vault Career Guides, the SEO-U online community and all participants are assigned an SEO alumnus/aor staff member as a mentor, with over 100 alumni serving in this role. Finally, participants are invited to attend anSEO-U Day where they continue to receive practical training and are able to interact with SEO alumni. On August 15th, SEO-U Day in Atlanta served as an all day professional development workshop, which included anoverview of SEO Career Program areas, resume and interview guidance, tips on individual brand management andcyber reputation.On August 16th, in New York City, the SEO-U Day attracted more than 70 prospective intern candidates and includeda reception where students had the opportunity to meet SEO alumni and staff. Those in attendance were tested ontheir knowledge of SEO and finance, and rewarded with prizes for correctly answering questions about corporatefinance, asset management, sales and trading, and business etiquette.

This summer marked a successful completion of the second year of the Career Program’s SEO-U, with over 575 students.

CITIGROUP FOUNDATION SUPPORTS EXPANDED

AFRICAN AMERICAN OUTREACH

More than 40 students

attended the first

SEO-U Day in Atlanta

SCOTT J. FREIDHEIMCo-Chief Administrative OfficerLehman Brothers Holdings, Inc

SEO recently received a two-year grant from the CitigroupFoundation to support the launch of SEO’s African AmericanOutreach Initiative. Following the successful implementation ofSEO’s Hispanic Outreach Initiative four years ago, SEO and Citigroup’sshared goal is to expand awareness among African Americanstudents of the opportunities for rewarding careers in the financialservices industry. SEO’s first step in expanding its reach was to establish a full-timestaff position based in Atlanta to serve as its regional programmanager and help build awareness of SEO by strengthening relationships at campuses throughout the South East.In just one year, SEO has doubled its reach to ten Historically BlackColleges and Universities (HBCU) campuses and plans to reach atotal of twenty HBCU campuses in the coming year throughpersonal and online recruitment efforts.The African American Outreach Initiative also focuses on buildingpartnerships with national fraternities, sororities, honor societiesand civic organizations such as Phi Beta Sigma, Jack & Jill, NationalUrban League Black Executive Exchange Program (BEEP) and LEAD.The support of the Citigroup Foundation has been integral to theprogram’s success as it aims to broaden the pool of AfricanAmerican students who are prepared to benefit from the internshipopportunities offered by SEO.

12th GRADE SCHOLARS SHARED THEIRSUMMER ENRICHMENT EXPERIENCE

AT THE ENRICHMENT PROGRAM FAIR.

100% OFFER RATEFOR GLOBAL CORPORATE FINANCIAL LEADERSHIP PROGRAM,

THIRD YEAR IN A ROW

The 2007 SEO GCFL Program celebrates this success with its partners, EMC, IBM, and Xeroxthree leading global Fortune 500 companies. SEO welcomes its newest partner, AXA Equitable.

The 2008 GCFL Program promises to be another outstanding summer!

SEO Interns meet with Mark Loughridge (center), the CFO of IBM.

www.seo-usa.org fall07newsletter

SPOTLIGHT ONAnthony Webb, Justin Alexander

and Alonzo Sherman

ALUM

NI N

EWS

Anthony Webb ‘03

Justin Alexander ‘02

Alonzo Sherman ‘02

CONGRATULATIONS TO THE SEO ATLANTA ALUMNI CHAPTER FOR KEEPINGUP ITS LOCAL VOLUNTEER EFFORTS! On Saturday, July 21st, alumni in Atlantajoined volunteers at the fourth annual “HERO for a Day,” the largest PediatricAIDS Field Day in the Southeast. The event is coordinated by HeartsEverywhere Reaching Out (H.E.R.O.) for Children, a nonprofit serving childrenaffected by HIV/AIDS, and involved more than 600 participants this year.

SEO’s Saving, Investing and Returning Value (SIRV) initiative successfully launched a roundtableseries – Legends in Business, Leaders in Philanthropy. The SIRV planning committee, led by SEOalumni Himayani Puri ‘98, Joseph Ghartey ‘94 and Steve Yang ‘98, planned events featuringthree tremendously accomplished individuals – Carla Harris ‘82, Managing Director, MorganStanley, Dr. Henry Jarecki, Chairman, Falconwood Corporation and Russell L. Carson, GeneralPartner, Welsh, Carson, Anderson & Stowe. The speakers shared the inspirational stories oftheir success in business as well as the strategies and impact of their philanthropic endeavors.

Tides Foundation staff played an integral role in the SIRV events, educating attendees aboutenhancing their charitable giving practices with donor-advised funds and other vehicles.Participants also learned about an opportunity to take advantage of matching funds providedby the W.K. Kellogg Foundation. We are pleased to report that eleven SEO alumni who attendedthe SIRV events established donor-advised funds at Tides and had their funds matched bythe Kellogg Foundation, up to $10,000, through this initiative. Including the matching grant,SEO alumni have placed more than $260,000 in donor advised funds for charitable purposes.

SIRV EVENTS INSPIRE CHARITABLE GIVING BY SEO ALUMNI

Anthony Webb, Justin Alexander and Alonzo Sherman are working hard to achieve professionally –and together to make a difference.Anthony, a 2003 alumnus of the SEO Corporate Law program, is currently an Associate inthe Atlanta office of Hunton and Williams LLP. Justin participated in SEO’s ManagementConsulting program in 2002, and recently joined JPMorgan Private Bank as a Senior Analyst inNew York. Alonzo is a 2003 Investment Banking program alumnus and currently an Associateat Charterhouse Group, a middle-market private equity firm in New York.All three have been passionately involved in an Atlanta-based nonprofit organization – BoysSpeak Out, Inc. (BSO). Drawing upon the model of a youth program he co-led at DartmouthCollege, Anthony founded Boys Speak Out in 2005 while in law school and now serves asthe organization’s President and CEO. Justin is a key member of the BSO leadership team asVice President of Finance, while Alonzo serves as an ambassador for the organization, networking and helping to raise awareness and support for BSO in New York City. BSO aims to provide young people with opportunities for personal, academic and professionaldevelopment, helping them transition through adolescence in healthy, productive ways.Through its forums and career exposure programs, BSO helps young people navigate thechallenges of peer pressure, drugs, violence and family issues while giving them the opportunityto interact with successful young professionals. Anthony remembers the significant impact of his SEO internship and how it “gave me the chance to be exposed to law firm culture –exposure I never had.” He now seeks to bring that type of exposure to kids at a younger age.Both Alonzo and Justin have also found time to remain active with SEO. Alonzo recently servedon SEO’s 2007 Private Equity Panel, sharing his perspective on working in the industry as ajunior professional and helping other SEO alums understand the tools they need to succeed.Justin says SEO has taught him to give back to organizations that have helped sustain him.He has served as a Career Program mentor and interviewer and an Adopt-a- Senior mentorin the Scholars Program and recognizes the importance of alumni involvement. “I wouldchallenge people to find at least one way to touch SEO each year,” he says.Between their highly demanding jobs and their active philanthropic endeavors, these SEOalumni are definitely leading by example, and having fun doing it. And at the end of the day,as Anthony says, they can “look in the mirror and see someone who’s trying to help others.”

SEO board member, Edward Tam ‘91 (seated, far right), washonored as one of New York City’s greatest philanthropistson National Philanthropy Day on November 13, 2007. Tamwas joined by his family (seated, left to right) Tam’s mother,Anna Tam; sister, Grace Tam; sister, Sarah Tam; wife, TaraHart; Edward Tam – and SEO staff (standing, from left toright) Julian Johnson, SEO Senior VP; William A. Goodloe, SEO President and CEO; Thaina Gonzalez, SEO ExecutiveAssistant; Daree Lewis, SEO Director of Alumni &Philanthropy Programs; and Barbara Berliner, ExecutiveDirector of SEO Career Program.

SEO COLLEGE SCHOLARS GATHERBEFORE START OF SCHOOL YEAR

EDWARD TAM HONORED AT NATIONAL PHILANTHROPY DAY IN NY

SEO ATLANTA CHAPTERALUMNI GIVE BACK

TO LOCAL COMMUNITY

Sponsors for Educational Opportunity55 Exchange Place, 6th floorNew York NY 10005212.979.2040

Return Service Requested

Non-Profit Org.US Postage

PAIDNew York NY

Permit No.8002

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SAVE THE DATE!SEO 2008 ANNUAL AWARDS DINNER

Wednesday, April 16, 2008The Waldorf-Astoria

New York

Dinner Chair:Robert Wolf

CEO, UBS Americas and President, UBS Investment Bank

Honoring:Anne M. Mulcahy

Chairman and CEOXerox Corporation

fall07newsletter

Vassar College hosts rising 12th grade Scholars

on campus for a week.

This summer, rising seniors in theSEO Scholars Program had theopportunity to attend a week-longresidential program at VassarCollege. Funded by a grant from theTeagle Foundation, the experienceat Vassar seeks to introduceScholars to the resources and opportunities of a liberal arts college, and toseminar style college classes.Every day the students attended a two-hour reading discussion and an hour-and-a-half session with multimedia sources, led by Vassar professors in English,Art and Writing. This summer’s focus was on the Civil Rights Movement andthe Vassar program is an excellent opportunity for Scholars to explore a smallclassroom setting and get an in-depth view of a subject they are often onlyable to touch on in high school.During lunchtime, Scholars met with the dean of admissions, the dean of students,other Vassar representatives and current students. “We wanted them to be immersed in college life and college-level academics so they will know what’sexpected of them — and what resources are available to them,” says LeslieDunn, Vassar English professor and the person who spearheaded the SEO atVassar project. Dunn was drawn to the program in part because it was a way to open the dialogbetween Vassar and secondary schools. “Often, students who don’t have accessto prep classes are thrown for a loop when they enter college because professorshave very different expectations from their high-school teachers.”This week-long experience helps students clearly envision themselves oncompetitive college campuses such as Vassar, as they gain understanding ofthe academic rigors, campus life and college process first-hand. With threeSEO Scholars currently attending Vassar College as freshman, the program’simpact is clearly evident!

Photo / Jeffrey Holmes

THE MERRILL LYNCH ATLANTIC FELLOWSHIPgave twenty high school students, ten from the United States andten from the United Kingdom, an opportunity of a lifetime thissummer, introducing them to financial services industry on bothsides of the Atlantic, in New York and London.tThe Fellowship, jointly managed by SEO, Merrill Lynch and the WindsorFellowship, gives students a jump-start on a possible career on Wall Street.Fellows gain knowledge from senior executives at Merrill Lynch and expertsin the global markets, while introducing Fellows to business, managementand finance.The program was kicked off in New York at Merrill Lynch’s world headquartersand later, in London, Fellows continued their exploration of the financialservices industry with executive trainers and business leaders from MerrillLynch’s Europe, Middle East and Africa offices. Fellows also competed in astock market simulation to practice what they learned from Merrill’s executives.

BOARD MEMBERS ON THE MOVEFlorent Dalencourt and wife Lanier welcomed the newest additionto their family – Simone Naomi was born on August 20, 2007.Eduardo Seda is now an Associate Director and Senior Analyst atUBS Investment Bank.

Fellows participate in seminars with Merrill Lynch’s executive managers.

Eddy Bayardelle (center), the President of the

Merrill Lynch Foundation,joins Fellows in New York

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(top/bottom) SEO Scholars attend classes at Vassar College