More than 80 alumni and friends of Columbia Business School gathered at Credit Suisse offices in New York on Tuesday to connect and celebrate the legacy of Paul Calello ’87, former CEO of Credit Suisse’s Investment Bank.
Calello, who passed away in 2010, was a member of the School’s Board of Overseers and regularly advised and mentored students. In recognition of his outstanding achievements and ethical leadership in business and society, and aware how much his ties to Columbia meant to him, Calello’s colleagues at Credit Suisse endowed the Paul Calello Professorship of Leadership and Ethics, the Paul Calello Scholarship Fund, and the Paul Calello Fund for Research in Leadership and Ethics at Columbia Business School.
Antonio Quintella, CEO of Credit Suisse Americas Region, and Doug Paul ’70, vice chairman of Credit Suisse, introduced Dean Glenn Hubbard at the event. Paul joined Credit Suisse more than 40 years ago when the company was still First Boston, prior to its acquisition.
“It is particularly rare for someone to be so loved in this industry,” Hubbard said of Calello, before encouraging alumni to come to campus and maintain close contact with the School and current students as Calello did. “I believe that the generation of new ideas is the true value of an MBA, and the School has started brand new fields of inquiry through the transformative support from alumni.”
To date, David Henderson ’12 and Kadee Kochanski ’12 have received the Calello Scholarship, which was established in 2007 to provide need-based financial aid to outstanding MBA students. Katherine Phillips of the School’s Management Division has been named the inaugural Paul Calello Professor of Leadership and Ethics and was on hand at the event. Hubbard introduced Phillips as a faculty member who was “hard to get, but easy to imagine” as the inaugural Calello Professor at the School. Phillips taught on faculty at Kellogg Graduate School of Management prior to joining Columbia Business School, and her work focuses on leadership, decision-making, and organizational change. She will also mentor junior faculty, echoing Calello’s mentorship of students at the School.
“I think students will find the experiences offered in my courses humbling, especially through the process of learning how people see you versus how you see yourself,” Phillips said.
In addition to Calello’s distinguished career at Credit Suisse, where he held senior management positions in New York, Tokyo, London, and Hong Kong, he was an active member of the Columbia Business School community, helping to organize the support of his colleagues to underwrite the Credit Suisse Amphitheater in Uris Hall, in addition to other projects.
In 2009, Calello chaired the Annual Dinner and, in the midst of a recession, helped the School raise more than $3 million to support its faculty and programs. Calello’s Credit Suisse team also helped the School plan, and sponsor, its inaugural Pan-Asian Reunion in Hong Kong in 2008. In 2009, Calello spoke at the Silfen Leadership Series about the credit crisis, the development of the capital markets in Asia, and the role Columbia Business School played in his career.
See photos from the Credit Suisse event.