September 2024 Member Spotlight - Tim Lorber

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Title: 
 Chief Financial Officer

Company: 
 Asset Strategy Consultants LLC, a private investment advisory firm with ~$5B under management / advisement & Shuttle Pharmaceutical Holdings, Inc., a public (NASDAQ listed) developmental clinical trial cancer research company (currently working both, with expectation to transition to just Shuttle Pharma).

Length of time you’ve been an FEI member: 
2 years

Work email: 
[email protected]
tlorber@assetstrategyconsultants.com
timothy.lorber@shuttlepharma.org

Work phone number:
 410.952.6033

What is your most rewarding accomplishment as a finance executive? 
Most rewarding has been influencing the lives of stakeholders with better outcomes. More specifically, during my tenure as Chief Accounting Officer of Legg Mason, in January 2016 we announced 4 significant transactions, including acquisitions of two companies for over $2B. The coordination of all these moving pieces was a herculean team effort that I was proud to be a part of.

How did you discover your passion for finance?
My passion for finance has evolved over a long road. My college experience started as a chemistry major and while I liked the subject matter, I was not comfortable in the lab setting. By sophomore year, I decided to take intro to accounting, really liked it and decided to pursue public accounting. Once I had a fundamental understanding of accounting and the business world, I became more and more attracted to addressing challenging finance circumstances that require critical thinking and less interested in routine processes.

What is one piece of information you wish someone had told you when you first started your finance career?
Be patient and appreciate other perspectives.

What job would you pursue if you weren’t in finance?
 Its hard to imagine not working in finance, but I could see myself working with my hands to build something.

What are some of your personal hobbies outside of finance?
 Family comes first and I enjoy lots of physical activities, including tennis, mountain biking, skiing and golf.