Michael Ryan Elected Chair of Scholarship America's Board of Trustees

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Dec 19, 2012, 04:22 ET

MINNEAPOLIS, Dec. 19, 2012 /PRNewswire-USNewswire/ -- Scholarship America^®, the nation's leading nonprofit scholarship and educational support organization, is pleased to announce that Michael Ryan has been elected to serve as the Chair of Scholarship America's Board of Trustees.

Mr. Ryan has been on Scholarship America's Board of Trustees since 2004 and is the founder and Chief Investment Officer of MDR Capital Management, which serves as the Investment Advisor or Sub-Advisor for several Institutional Separate Accounts.

"We are grateful to Mike for the significant time and effort he has put forth and the counsel he has provided to Scholarship America during his tenure on the Board. Mike brings decades of experience and a passionate commitment to education, and we are fortunate to have him as our new chair," said Lauren Segal, President & CEO, Scholarship America.

Prior to founding MDR Capital, Mr. Ryan was head of Global Securities for Credit Suisse, where he oversaw Equities and Fixed Income and served on the firm's Management Committee and Extended Executive Board. He began his career at Goldman Sachs and became a partner in 1998, ultimately serving as co-head of Global Equity Products and serving on the firm's Partnership Committee.

Mr. Ryan graduated summa cum laude from Yale University, with a B.A. in economics. He co-founded Staten Island ACHIEVE Dollars for Scholars and serves on the boards of several non-profit organizations, including the Henry Street Settlement, Management Leadership for Tomorrow, and Scholarship America.

About Scholarship America^®Scholarship America mobilizes support for students getting into and graduating from college. Since 1958, Scholarship America has distributed more than $2.9 billion in scholarship assistance to more than 1.9 million students, funding both entry-level and multi-year scholarships and emergency financial grants. More information is available at scholarshipamerica.org.

SOURCE Scholarship America