Susan Maloney, a former Mount Saint Mary College trustee and faculty member, and a young relative, cut the ribbon to the Joseph F. Maloney Memorial Investment Lab on Thursday, November 13.
Mount Saint Mary College celebrated the official ribbon-cutting for the new Joseph F. Maloney Memorial Investment Lab, a state-of-the-art facility that provides students with the same powerful tools used by financial professionals around the world, on Thursday, November 13.
The lab, housed in the School of Business, was made possible by a gift from Susan Maloney, a former college trustee and faculty member, in honor of her late husband, Joseph F. Maloney.
The new lab features 12 Bloomberg Terminals, which provide real-time and historical data, market-moving news, and analytics. This hands-on access allows students to analyze live markets, evaluate investment strategies, and develop the practical insight essential for careers in finance.
Michael Kearney of Highland Mills, N.Y., a Business Management and Administration major and President of the Mount’s Finance Club, spoke at the event about the lab’s immediate impact on students.
“The Maloney Investment Lab provides students with direct access to the same data, analytics, and tools used by financial professionals worldwide,” he said. “This technology transforms our classrooms into dynamic environments where theory meets practice. For students like me, this lab represents far more than a new facility: It’s a space where we can engage deeply with the real workings of the financial world.”
The lab is a lasting tribute to Joe Maloney’s legacy. A Newburgh native, he enjoyed a successful 35-year career with the Bank of New York, where he was known for his passion for mentoring young bankers.
Susan Maloney, whose history with the Mount includes serving as a supervisor of student teachers and a college trustee, shared her late husband’s passion for the industry and his dedication to helping the next generation.
“He was known to leave the house between 4 and 4:30 in the morning because he couldn’t wait to get to work,” she said. “He loved mentoring young people coming up in the banking industry... He just loved what he did and he loved mentoring. And I thought the Mount was an appropriate place for us to grow this School of Business.”
College leadership praised the gift as a game-changer for the School of Business and its students. Michael Fox, Acting Dean of the School of Business, called the lab a “transformative gift” for which the college is “eternally grateful.”
College President Dr. Robert Gervasi expanded on the lab’s role in the college’s mission, noting that it integrates “practical knowledge and skills... with a commitment to ethical behavior and service and community.”
The Maloney Investment Lab will be used for student workshops, simulated training sessions, collaborative projects, and guest speaker events.
The new Maloney Investment Lab is complemented by an Accounting Lab featuring TaxAct software, further immersing Mount students in technology directly applicable to their future careers in the business world.