Donald Torey, of Darien, president of alternative assets and director of GE Asset Management Inc., has been inducted into the Business Leader Hall of Fame at Quinnipiac University.

Torey and Tim Gannon, of Palm Beach, Fla., co-founder of Outback Steakhouse Inc., were feted at a black-tie dinner ceremony on Friday, Nov. 16, at the Metropolitan Club in New York City.

"The Quinnipiac University School of Business is proud to honor Tim Gannon and Donald Torey as the 2012 inductees into our Business Leader Hall of Fame," said Matthew L. O'Connor, dean of the School of Business and the master of ceremonies at the 10th annual induction dinner. "The Hall of Fame honors men and women who exemplify the leadership qualities, business acumen and values that we seek to instill in our students."

Torey is on the board of the Stamford Boys and Girls Club and buildOn, a youth engagement organization that emphasizes local community service and builds schools in impoverished areas, including South America and Africa.

"On behalf of GE, including Quinnipiac graduate Dave Rusate, who helped to represent our company at the event, we congratulate Tim Gannon, along with Quinnipiac University's Outstanding Alumni and Emerging Leader awardees," Torey said. "It's an honor to be recognized as part of this distinguished group of individuals and to take part in a celebration of their accomplishments."

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Several other top businessmen who have been inducted into Quinnipiac's Business Leader Hall of Fame attended the event, including David Darst, managing director and chief investment strategist of Morgan Stanley Smith Barney Global Wealth Management Group; Gabriel Ferrucci, owner and manager of Ferrucci Properties LLC; Kenneth Neilson, former chairman, president and CEO of Hudson United Bank; and William Weldon, chairman of Johnson & Johnson.