UQ’s capacity to develop the business leaders of tomorrow has been boosted with a $3 million gift from alumnus and prominent Australian businessman Malcolm Broomhead.
The UQ Business School has named its Chair in Finance in honour of Mr Broomhead, who graduated from an MBA at UQ saying it “accelerated” his career along the professional ladder.
UQ Vice-Chancellor and President Professor Peter Høj thanked Mr Broomhead for his support saying the generous gift made it possible to endow the chair of strategic importance to UQ.
“We are fortunate to have a strong alumni network whose generosity and support of the next generation is allowing us to extend our programs, attract quality staff and offer transformative student experiences,” Professor Høj said.
Mr Broomhead is Chair of Ascinao Ltd, Chair elect of Orica, and a non-executive director of BHP Billiton Ltd and BHP Billiton Plc.
He was project engineer and construction manager with MIM Holdings in Brisbane when he undertook his MBA at the UQ Business School in the early 1980s.
“The MBA was a career-changer and enabled me to really accelerate my career,” Mr Broomhead said.
He said he chose to support the UQ Business School because he believed it was important for those who had been successful to give back and support the education of the next generation.
“Philanthropically supporting our universities is becoming more important, given our demographics and the competitive nature of education globally,” Mr Broomhead said.
“We can’t continue to rely on the government to totally fund the education system.”
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