Miami University receives $20 million from alumnus

Miami University receives $20 million from alumnus

Miami University in Oxford, Ohio, has announced a $20 million gift from alumnus Richard M. McVey ('81) to fund construction of a data science facility.

When completed, the Richard M. McVey Data Science Building will house the Emerging Technology in Business and Design department, one of the newest departments at the school, as well as the departments of statistics and mathematics, the Armstrong Institute for Interactive Media Studies, and the Center for Analytics and Data Science. The  85,000-square foot facility also will host transdisciplinary partnerships with the Farmer School of Business and the College of Engineering and Computing.

McVey, who earned a B.S. in finance at Miami, is the founder, chair, and CEO of financial technology company MarketAxess. His previous support for the school includes endowed scholarships for the university's golf program and the Farmer School of Business, and he currently serves on the Miami University Foundation board, where he chairs the investment committee.

"Data science and artificial intelligence are having a profound impact on all sectors of the economy, and especially here at MarketAxess," said McVey. "The demand for data science skills is growing rapidly in every industry. It is gratifying to help Miami build a distinctive program with this gift, which will increase access to data science programs for Miami students for many decades to come."