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Student awarded University's highest academic honor (1) (Released: 2/18/97)

by Elizabeth Omara-Otunnu, Office of University Communications.

STORRS, Conn. -- Abraham Minto of WEST HARTFORD, a junior at the University of Connecticut majoring in accounting, has been named a University Scholar, the highest academic honor the University bestows on undergraduate students.

Once selected, a University Scholar is allowed to pursue an academic program tailored to his or her unique intellectual interests and abilities. Minto's University Scholar project is title, "Derivatives of Banking Crises."

The project will involve research on the implications for auditing of the use of derivatives, financial instruments used by investment bankers to reduce risk. The use of derivatives, frequently not disclosed to shareholders, gained notoriety in the demise of the London-based investment bank Barings, and in the bankruptcy of Orange County, California.

A graduate of Conard High School in West Hartford, Minto has served as chairman of the Finance Society and vice president of the Accounting Society, two student organizations at the University of Connecticut. He also takes part in a program of Beta Alpha Psi, the national honors accounting fraternity, to encourage ninth-grade students to stay in school.