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Business Leader Richard E. Thornburgh to Be Awarded Honorary Doctorate from UC

Thornburgh will be recognized at UC’s Commencement Ceremony on Dec. 12.

Date: 11/23/2009 12:00:00 AM
By: Dawn Fuller
Phone: (513) 556-1823
Photos By: Provided

UC ingot   Richard E. Thornburgh, partner and vice chairman of the private equity firm, Corsair Capital LLC, will receive an Honorary Doctor of Commercial Science during the University of Cincinnati Commencement Ceremony at 10 a.m., Saturday, Dec. 12, in Fifth Third Arena at Shoemaker Center. The honorary degree recognizes individuals who have attained extraordinary distinction and who exemplify the highest purposes and ideals of the university.
Richard E. Thornburgh
Richard E. Thornburgh

The UC alumnus is vice chairman of one of the nation’s longest-standing private equity firms investing in financial services companies and serves as a member of the Investment Committees of the Corsair II and Corsair III funds.

The Wyoming, Ohio, native and graduate of St. Xavier High School graduated cum laude from the UC College of Business in 1974 with his BBA in finance, when he was also honored as Mr. Bearcat, UC’s outstanding male graduate.

After completing his MBA from the Harvard Business School in 1976, Thornburgh established a remarkable 30-year career in which he held various executive positions in investment banking including CFO and executive board member of Credit Suisse Group (1997-2005).  He currently serves on the Board of Directors of Credit Suisse Group and chairs the Risk Committee of the Board. In addition, he serves on the Board of Directors of NewStar Financial, Inc. (2006-present); and CapStar Bank (2008-present).  He served on the Board of Dollar General and National City Corporation before their sales to KKR and PNC respectively.

Throughout his career, Thornburgh has also shared his insight with UC business students through co-ops, internships and speaking engagements. Last fall, he spent two days with students and faculty at the College of Business as a distinguished Kautz Alumni Master. In 2000, he was honored with the college’s Carl H. Lindner Award for Outstanding Business Achievement.

During his years at UC, he was instrumental in establishing men’s soccer as a varsity sport, served as Student Body Vice President, was a student representative on the UC Board of Trustees, was a Bearcat mascot, a member of Lambda Chi Alpha Fraternity and a member of Sigma Sigma, a UC men’s honorary organization that recognizes students who have made significant contributions to the university.

Thornburgh has served as a UC Foundation Trustee since 1998. He is co-chair of UC’s Proudly Cincinnati capital campaign and serves on the UC Investment Committee. He also serves on the Board of Trustees and Investment Committee of the Convent of the Sacred Heart in New York City. He resides in New York.

UC Commencement Information