Terrence “Terry” Laughlin, a former University of Pittsburgh trustee and vice chairman of Bank of America, died unexpectedly last week. He was 63 years old.
Laughlin earned his MBA from the Joseph M. Katz Graduate School of Business in 1981. In 2007, he joined the University’s Board of Trustees where he served on numerous committees and chaired the investment committee from 2013 until 2018. His tenure on the Board ended in June 2018.
After his service on the Board of Trustees, Laughlin was appointed as a community representative on the budget committee and the risk and compliance committee.
“The greatest measure of success for any university is the success of its alumni,” said Chancellor Patrick Gallagher. “While our hearts are broken — and our thoughts go out to Gina and the entire Laughlin family — we are exceptionally proud of the life that Terry lived and the example he set. He was a giant in the investment world, a leader in our community and a devoted friend and generous partner of the University.”
Laughlin established the Laughlin Endowed Fund to provide scholarships to graduate students in the School of Education to support graduate students from the region.
“It was important to me that the recipient of the scholarship have teaching experience and have intentions to return to the classroom,” Laughlin told the Pitt Chronicle in January 2009. “I think it is important to have well-qualified and well-educated teachers in the classroom with our students.”
Laughlin enjoyed a successful career in banking and wealth management.
“Terry was a builder and a problem solver, and one of the finest individuals I’ve had the privilege to know and work alongside,” said Brian Moynihan, CEO of Bank of America, in a statement.
Services were held Tuesday, Oct. 30, in Heinz Memorial Chapel.