October 18, 2012
Contact: Carol D. Rugg,
Mott Foundation Investment Office hires Kenneth C. Austin
FLINT, Mich. — Michigan native Kenneth C. Austin has joined the staff of the Charles Stewart Mott Foundation’s Investment Office in Troy. Most recently he served as a senior analyst for Indus Capital Partners in New York City. In his new position as an investment manager for the Foundation, Austin will focus on hedge funds.
|Kenneth C. Austin
“We are very pleased to add an analyst of Ken’s experience and expertise to our staff,” said Michael J. Smith, the Foundation’s vice president for investments and chief investment officer. “His knowledge of and familiarity with various financial sectors overseas, as well as in the U.S. should provide us with a more global perspective.”
A graduate of Western Michigan University in Kalamazoo, Austin earned a bachelor of business administration focusing on finance and Asian studies. Proficient in conversational Mandarin, he spent a year as an undergraduate studying at Nanjing University, China.
After graduating, Austin relocated to Richmond, Va., where he worked as a senior financial analyst for Capital One Financial. In 2003, Austin obtained a master of business administration degree from Columbia Business School in New York, N.Y. He subsequently joined Millgate Capital in New York City as an analyst, eventually becoming a partner. He moved to Indus Capital Partners in 2008, where his portfolio included a number of investments with companies in the United Kingdom and other western European countries.
Austin, who is married with three children, will live in the Oakland County area.
Established by automotive pioneer Charles Stewart Mott, the Foundation is a private philanthropy that supports nonprofit programs throughout the United States and, on a limited geographic basis, internationally. Grantmaking is focused in four programs: Civil Society, Environment, Flint Area and Pathways to Opportunity. In addition to Flint, offices are located in metropolitan Detroit, Johannesburg and London. With year-end assets of approximately $2.5 billion in 2013, the Foundation made 400 grants totaling more than $101 million. For more information, visit www.mott.org.
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