ALT Finance Corporation (AltFinance) has a new leader!

Earlier this month, the company named Marcus Shaw as its Chief Executive Officer, where he will take the organization to new heights as it looks to continue its mission to increase diversity across the alternative investment industry.

Hopping right into his role, Shaw has launched the application for the AltFinance Fellowship program at the following Historically Black Colleges and Universities (HBCUs): Clark Atlanta University, Howard University, Morehouse College and Spelman College. The program was created to align with national nonprofit Management Leadership for Tomorrow, representatives from Apollo Global Management, Ares Management, and Oaktree Capital Management, as well as the HBCUs.

“HBCUs are a valuable, yet often overlooked, part of the global talent landscape,” said Shaw in an official statement shared with AfroTech. “As alternative investments become a bigger part of the economy, we are excited to partner with leading firms to ensure HBCU students are exposed to career pathways and positioned for success in the industry.”

In his role as CEO, Shaw has also outlined plans to work alongside The Wharton School of the University of Pennsylvania to create and launch a virtual institute set to hit the ground running in 2022.

“AltFinance is uniquely committed to building and expanding pathways for Black students at HBCUs toward careers in alternative investment management. We believe there is no one better suited to lead our efforts than Marcus, who brings more than twenty years of financial and non-profit experience,” said Trey Pruitt, President, AltFinance Board of Directors. “On behalf of the Board, I would like to welcome Marcus to AltFinance and look forward to working together to drive increased diversity in the alternatives industry.”

Shaw brings over 20 years of experience as an executive in the financial industry to the new role.

Click here to learn more about AltFinance.