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Booz Allen Hamilton launches $100M VC fund
Booz Allen Hamilton Inc. has formed a $100 million corporate venture capital arm, the McLean-based Fortune 500 global management consultancy announced Wednesday. Named Booz Allen Ventures LLC, the arm will invest in early-stage companies and technologies across four categories: defense, artificial intelligence/machine learning, [...]
Barkin: Inflation high, but Fed has tools to contain it
Tom Barkin agrees — inflation is too high. But he also says the Fed has the authority to get it back on the right track. That’s what the president and CEO of the Federal Reserve Bank of Richmond told the Richmond chapter of the Risk Management Association on Tuesday at Triple Crossing Beer, a brewery […]
DHG, BKD merged company names Va. leaders
The merger of Charlotte, North Carolina-based Dixon Hughes Goodman LLP and Springfield, Missouri-based BKD CPAs & Advisor finalized Wednesday, forming Forvis, the name of the new company that the two companies merging formed. Forvis is a top 10 accounting firm with $1.4 billion in revenue. “Today is a monumental day as BKD[...]
Counting on change
Royce Burnett remembers how challenging it felt in 1981 as a freshly graduated audit associate starting work at a Big Eight accounting firm in Texas. Of about 250 new employees hired at the time, Burnett, who’s now an associate professor and chair of Old Dominion University’s School of Accountancy, believes he was the only A[...]
YHB to acquire Md. accounting firm
Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1. Financial details of the transaction were not disclosed in Wednesday’s announcement. “We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott M[...]
Capital One to reopen offices in September
McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice, from September 2021 to November 2021, and then indefinitely when the company announced its decision to postpone again in October 202[...]
UVA Community Credit Union has new president, CEO
UVA Community Credit Union has named Susan M. Gruber as its next president and CEO. Gruber previously served as executive vice president and chief financial officer of Dublin, California-based Patelco Credit Union since 2014, according to a news release. She has also worked as CFO and senior vice president at Jeanne D’Arc Cre[...]
Tysons-based MicroStrategy names new CFO
Tysons-based business software company MicroStrategy Inc., best known for its nearly $4 billion investment in bitcoin since 2020, has announced that Andrew Kang will be its new senior executive vice president and chief financial officer, starting next week. Kang takes over for Phong Le, who has served as CFO and president. After Kang’s start date, […]
Va. Credit Union League announces new directors
The Virginia Credit Union League announced on Friday its newly elected directors. The following credit union executives are starting first terms on the league’s board: Kim Little, Virginia Beach-based Chartway Credit Union Bruce Six, Dahlgren-based Topside Federal Credit Union Mike Warrell, Martinsville-based ValleyStar Cr[...]
Execs honored by Va. Credit Union League
UVA Community Credit Union President and CEO Alison DeTuncq was presented with the James P. Kirsch Lifetime Achievement Award, the Virginia Credit Union League’s highest honor, during the league’s 2022 annual meeting in Roanoke on April 21. The Kirsch award, which recognizes individuals who help improve the future fo[...]
Judge dismisses Trigiani lawsuit against New Peoples Bank
A federal judge issued a summary judgment last week, dismissing all claims in former executive Mary Y. Trigiani’s lawsuit against Russell County-based New Peoples Bank for discrimination and wrongful termination. Trigiani’s complaints of a “cultlike office culture” did not hold up to judicial scrutiny, U.[...]
Fifth District economy growth is moderate, Fed says
The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) continued to grow moderately despite supply chain issues, labor shortages and rising prices, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is publish[...]
