CONTACT: BILL WINDAUER
Director of Development
UI College of Business Administration
UI Foundation News
500 Alumni Center
Iowa City IA 52242
Gift allows professor to study financial markets in emerging economies
IOWA CITY, Iowa -- Jarjisu Sa-Aadu has been named the first Justice
Professor in International Business at the University of Iowa College of
Business Administration. He is chairman of the department of finance in
the business college.
The professorship provides an annual faculty stipend. The position
was established through a gift to the University of Iowa Foundation from
Lucille Schwilck of Baltimore, a 1939 graduate of the UI College of Law.
The professorship is titled the "Justice Professorship" because
of Schwilck's concern for fairness to all people. She chose to benefit
international business because of her interest in world affairs and to
supplement a gift she made to that area several years ago.
Sa-Aadu, a native of Ghana, earned his undergraduate degree there before
coming to the United States in 1973. He completed his doctorate at the
University of Wisconsin-Madison in 1981, at which time he joined the faculty
of the UI College of Business.
His recent work has focused on the establishment of financial markets
in emerging nations of Africa. He has presented seminars on financial
innovations in several countries, including Tanzania and Ghana. The Justice
Professorship will allow Sa-Aadu to continue presenting seminars and will
allow him to organize a conference in Iowa to help U.S. citizens learn
more about conducting business in Africa.
"We are pleased to announce the appointment of Professor Sa-Aadu
to this position," College of Business Administration Dean Gary Fethke
said. "Miss Schwilck's gift will open the door to exchanges between
Iowa and African nations. The Justice Professorship provides one more
way for the College of Business Administration to participate in the rapidly
developing global business arena."
Sa-Aadu said, "This professorship could not have come at a better
time. I think that this area is the one where I can add the most value.
The potential impact is tremendous. Ten years ago the financial infrastructure
was nonexistent in these African nations. The Ghana stock market, for
example, was established just eight years ago."
Sa-Aadu is editor of the Journal of African Finance and Economic Development.
He is second vice president of the American Real Estate and Urban Economics
Association and will become president in 2000.
In 1939 Lucille Schwilck left Iowa City to begin a job with a Des Moines
law firm. In the 1940s she argued cases before the Iowa Supreme Court
and later worked for the U.S. Department of the Interior, specializing
in settling land disputes between the government and railroad companies.
She left that job in 1964 and spent 12 years traveling the world, including
a stint teaching English to students in Chile.
In Baltimore she teaches English as a second language, volunteers at
a local library, and is active in community activities.
The University of Iowa Foundation is the preferred channel of support
for private contributions to all areas of the University of Iowa. Foundation
staff work with alumni and friends to provide resources for professorships,
scholarships, building renovations, equipment, technology, and other forms
of support for the UI.