Judy and Alex Urquhart, of Southport, announce the engagement of their son, John Alexander Urquhart III, to Mary ("Molly") Elizabeth Fay. She is the daughter of Joan and David Fay, of New York City and Saunderstown, R.I.

The future bride, 26, is a graduate of Deerfield Academy, in Deerfield, Mass., and Princeton University, in Princeton, N.J., and is currently a second-year medical student at Mount Sinai School of Medicine in New York City. The future groom, 29, is a graduate of Fairfield College Preparatory School and Brown University, in Providence, R.I. Having worked in the fields of investment banking and private equity, he is now pursuing an MBA at the Wharton School of the University of Pennsylvania in Philadelphia.

An August wedding is planned in Jamestown, R.I.