The Och Initiative for Women in Finance in the Stephen M. Ross School of Business will launch in the first semester of the 2014-'15 academic year, a UM news release said.
The program's goal is to raise awareness about job opportunities for women in financial sectors and will include practical coursework, mentoring and cross-disciplinary study.
Ms. Och received her undergraduate and graduate degrees from UM and went on to work at Goldman Sachs & Co., New York. Mr. Och also worked at Goldman Sachs before launching hedge fund manager Och-Ziff Capital Management Group LLC, New York.
“We are very pleased to be supporting such an important initiative,” Ms. Och said in the news release. The gift is being made through the Jane and Daniel Och Family Foundation, New York.
“We are grateful the Ochs chose to create this initiative here at Ross. It will further our efforts to inspire more young women to consider business school and finance careers,” added Alison Davis-Blake, the Edward J. Frey Dean of the Ross School of Business, in the release.
The size of the Ochs' gift and of their family foundation could not be learned by press time.
This article originally appeared in the September 1, 2014 print issue as, "Jane and Daniel Och fund effort to inspire women in finance".