Zvi Bodie / Anthony NeohMarti G. SubrahmanyamAndrew KarolyiThomas F. Cooley / Stephen A. Ross /
Ming Huang / Martin Feldstein / Yacine Aït-Sahalia  / Robert A. Jarrow / Roni A. Michaely

 

 

Professor Roni A. Michaely
Rudd Family Professor of Management
Professor of Finance, Cornell University
Visit time: April 2012
Visit Program

Professor Michaely's research interests are in the area of corporate finance, capital markets and valuation. His current research focuses on conflict of interest in the capital markets, corporations payout policy, and the pricing and optimal trading mechanisms of IPOs.

Professor Michaely has published numerous works (several of which received best-paper awards) in refereed journals such as the Review of Financial Studies, the Journal of Finance, the Journal of Business, and the Journal of Financial and Quantitative Analysis. His research has been also frequently featured in the Wall Street Journal, the New York Times, the Economist, Investor's Business Daily, the San Francisco Chronicle, BusinessWeek, Forbes, Barrons, Money, Reuters, and Worth, among others.

A 1999-2000 Whitcomb Fellow who received the Johnson School Award for Exceptional Research for 2001-2002, Professor Michaely's research has received several awards and honors. Recent awards include the 2000 Journal of Finance Smith Breeden Prize for distinguish paper, the 2000 Western Finance Association Award for the best paper on capital formation, the Review of Financial Studies 1999 Barclays Global Investors/Michael Brennan Runner-up Award, the 1999 Western Finance Association Award for the best paper, 1996 Quantitative Alliance Group Prize for best paper, and the 1996 Western Finance Association Award for best paper on investments.

Professor Michaely was appointed to a director of the Israel Securities Authority (ISA) in January 1998. He currently also serves as an associate editor for the Review of Financial Studies.

Professor Michaely's vita

 


Professor Robert A. Jarrow
Ronald P. and Susan E. Lynch Professor of Investment Management
Professor of Finance and Economics, Cornell University
Visit time: 2012/2013 

Professor Jarrow's teaching and research interests involve the study of mathematical finance. He is interested in derivatives, risk management, investments and asset pricing theory. Jarrow is currently engaged in research relating to the pricing of credit derivatives, liquidity risk, and risk management. He is a graduate faculty representative in four fields: management, economics, operations research and industrial engineering, and applied mathematics. 


Professor Jarrow is the managing editor of Mathematical Finance and an associate editor for numerous other finance journals. His research has won numerous awards including the Graham and Dodd Scrolls Award 2001 and the CBOE Pomerance Prize in 1982. In 1997, he was named IAFE Financial Engineer of the Year in recognition of his research accomplishments. He is currently an IAFE senior fellow and an FDIC senior fellow. He is in the Fixed Income Analysts Society Hall of Fame, Risk Magazine's 50 member Hall of Fame, and listed in the Who's Who of Economics. He also serves on various corporate board of directors and advisory boards.

Professor Jarrow's vita


Professor Yacine Aït-Sahalia
Otto A. Hack 1903 Professor of Finance and Economics
Director, Bendheim Center for Finance
Princeton University
Visit time: August 2011
Visit Program

CAMRI-IMAS Luncheon Forum (22 August 2011)

Yacine Aït-Sahalia, who received his Ph.D from MIT and previously taught at the University of Chicago, is currently the Otto A. Hack Professor of Finance and Economics at Princeton University. He is also the inaugural Director of the Bendheim Center for Finance at Princeton; under his leadership the Center developed an interdisciplinary undergraduate program, and a master's degree program in finance. Since its inception, the Center has awarded over thirty Ph.D. degrees.

Early in his career, Professor Aït-Sahalia researched the econometrics of continuous time theory and developed new methods to allow nonparametric inference for continuous time-models in finance. During his term as a Guggenheim Fellow, he will be studying the econometrics of jumps and volatility. Among his most recent publications is "Closed-Form Likelihood Expansions for Multivariate Diffusions" (Annals of Statistics, 36 [2008], 906-937).

Barclays Global Investors honored him with the Michael J. Brennan Award in 1997, and he has also received the Cornerstone Research Award (1998), the FAME Research Prize (2001), and the Dennis J. Aigner Award (2003). A highly regarded educator, he has been honored by the University of Chicago with its Emory Williams Award for Excellence in Teaching and Business Week named him to its list of outstanding faculty in financial economics.

Professor Aït-Sahalia is an elected Fellow of the Econometric Society and of the Institute of Mathematical Statistics.

Professor Aït-Sahalia's vita

 

Professor Martin Feldstein
George F. Baker Professor of Economics, Harvard University
Chairman of President Ronald Reagan's Council of Economic Advisers, and former President of the National Bureau of Economic Research
Visit time: July 2011

CAMRI Luncheon Forum (7 July 2011)

Martin Feldstein is the George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. He served as President and CEO of the NBER from 1977-82 and 1984-2008. He continues as a Research Associate of the NBER. The NBER is a private, nonprofit research organisation that has specialized for more than 80 years in producing nonpartisan studies of the American economy.

From 1982 through 1984, Martin Feldstein was Chairman of the Council of Economic Advisers and President Reagan's chief economic adviser. He served as President of the American Economic Association in 2004. In 2006, President Bush appointed him to be a member of the President's Foreign Intelligence Advisory Board. In 2009, President Obama appointed him to be a member of the President's Economic Recovery Advisory Board.

Dr. Feldstein is a member of the American Philosophical Society, a Corresponding Fellow of the British Academy, a Fellow of the Econometric Society and a Fellow of the National Association of Business Economics. He is a Trustee of the Council on Foreign Relations and a member of the Trilateral Commission, the Group of 30, the American Academy of Arts and Sciences, and the Council of Academic Advisors of the American Enterprise Institute.

Dr. Feldstein has received honorary doctorates from several universities and is an Honorary Fellow of Nuffield College, Oxford. In 1977, he received the John Bates Clark Medal of the American Economic Association, a prize awarded every two years to the economist under the age of 40 who is judged to have made the greatest contribution to economic science. He is the author of more than 300 research articles in economics.

Dr. Feldstein has been a director of several public corporations and is currently a director of Eli Lilly. He is also an economic adviser to several businesses and government organisations in the United States and abroad. He is a regular contributor to the Wall Street Journal and other publications.

Martin Feldstein is a graduate of Harvard College and Oxford University. He was born in New York City in 1939. His wife, Kathleen, is also an economist. The Feldsteins have two married daughters.

Professor Feldstein's vita


 

 


Professor Ming Huang
Professor of Finance, Cornell University
Visit time: March 2011, September 2011

NUS-Cornell Applied Research Forum in Asian Asset Management (1 – 2 March 2011), The 3rd Wee Cho Yaw Singapore-China Finance and Banking Forum in Shanghai (2 September 2011) 

Professor Huang's research interests range broadly: While his work in recent years has focused mainly on behavioral finance and, in particular, the applications of cognitive psychology to understanding the pricing of financial assets, he has also worked on credit risk and derivatives, on the effects of illiquidity on asset prices, and on the application of auction theory to takeovers. He has published in the Journal of Political Economy, the Quarterly Journal of Economics, the American Economic Review, the Journal of Economic Theory, and the Journal of Finance, and has won awards for both research and teaching. Prior to coming to the Johnson School, Huang taught at the Stanford University Graduate School of Business and at the Graduate School of Business at the University of Chicago. Professor Huang currently serves as an associate editor for the American Economic Review.

 


Professor Stephen A. Ross
Franco Modigliani Professor of Financial Economics
Professor of Finance, MIT Sloan School of Management

Visit time: March 2011

CAMRI Public Lecture (7 March 2011) 

Stephen A. Ross is the Franco Modigliani Professor of Financial Economics at MIT, Managing Partner of Ross Farrar, and Principal and CIO of Ross Institutional Investors, LLC. He was previously the Sterling Professor of Economics and Finance at Yale University and, before that, a Professor of Economics and Finance at the Wharton School of the University of Pennsylvania.

Professor Ross is the author of more than 100 articles in economics and finance and is the coauthor of an introductory textbook in finance. He received his B.S. with honours from CalTech in 1965 where he majored in physics, and his Ph.D. in economics from Harvard in 1970. While he has worked on a variety of topics in economics and finance, he is probably best known for having invented the Arbitrage Pricing Theory and the Theory of Agency, and as the co-discoverer of risk neutral pricing and of the binomial model for pricing derivatives. Models developed by him and coworkers, including term structure models and option pricing models, are now standards for pricing in major securities trading firms. He has been the recipient of numerous prizes and awards including the Graham and Dodd Award for financial writing, the Pomerance Prize for excellence in the area of options research, the University of Chicago's Leo Melamed Prize for the best research by a business school professor and the 1996 IAFE Financial Engineer of the Year Award. In 2006 he was the first recipient of the CME-MSRI Prize in Innovative Quantitative Application and in 2007 he won the Jean-Jacques Laffont Prize given by the Toulouse School of Economics. A Fellow of the Econometric Society and a member of the American Academy of Arts and Sciences, he currently serves as an Associate Editor of several economics and finance journals and in 1988 was President of the American Finance Association.

Ross Farrar is a registered investment advisor and manages derivative portfolios and exposures designed to provide risk control solutions to institutional investors tailored to their needs and goals. Ross Institutional Investors, LLC, evaluates and accesses a variety of niche alternative investments for its clients. Ross has been a consultant to a number of investment banks as well as many major corporations, and he has served as an advisor to government departments such as the U.S. Treasury, the Commerce Department, the Internal Revenue Service and the EXIM Bank. He co-founded and was the co-chairman of Roll and Ross Asset Management Corp., an equity money manager, chairman of the American Express Advisory Panel, and a former director of General Re, CREF and Freddie Mac. He is currently Chairman of the Investment Advisory Board of IVC International, Ltd., a director of IV Capital, and a trustee of Caltech where he chairs the investment committee.

 


Professor Thomas F. Cooley
Paganelli-Bull Professor of Economics and Dean Emeritus
Leonard N. Stern School of Business, New York University
Visit Time: October 2010

CAMRI Roundtable - The New Global Financial Architecture and Financial Regulation: The Asian Context

Thomas F. Cooley is the Paganelli-Bull Professor of Economics at the New York University Stern School of Business, as well as a Professor of Economics in the NYU Faculty of Arts and Science. The former President of the Society for Economic Dynamics and a Fellow of the Econometric Society, Professor Cooley is a widely published scholar in the areas of macroeconomic theory, monetary theory and policy and the financial behavior of firms, and is recognized as a national leader in both macroeconomic theory and business education. Professor Cooley was Dean of NYU Stern from 2002-2010.

Responding to the financial crisis of fall 2008, Professor Cooley spearheaded a research and policy initiative that yielded 18 white papers by 33 NYU Stern professors, later published as “Restoring Financial Stability: How to Repair a Failed System,” (Wiley, March 2009). He also writes a weekly opinion column for FORBES.com.

Professor Cooley is a member of the Council of Foreign Relations.

Before joining NYU Stern, Professor Cooley was a Professor of Economics at the University of Rochester, University of Pennsylvania, and UC Santa Barbara. Prior to his academic career, Professor Cooley was a systems engineer for IBM Corporation. Professor Cooley received his BS from Rensselaer Polytechnic Institute, and his MA and PhD from the University of Pennsylvania. He also holds a doctorem honoris causa from the Stockholm School of Economics.

  

Professor Marti G. Subrahmanyam
Charles E. Merrill Professor of Finance and Economics,
Stern School of Business at New York University
Visit time: July 2010, February 2015, January 2016 and July 2016
Visit Program

CAMRI Luncheon Forum (19 July 2010), Joint 2015 CAMRI Executive Roundtable Luncheon Series with CAIA Association of Singapore (2 February 2015)

Professor Marti G. Subrahmanyam is the Charles E. Merrill Professor of Finance and Economics in the Stern School of Business at New York University and a frequent guest of CAMRI at NUS Business School. He holds a degree in Mechanical Engineering from the Indian Institute of Technology, Madras, a post-graduate diploma in Business Administration from the Indian Institute of Management, Ahmedabad and a doctorate in Finance and Economics from the Massachusetts Institute of Technology.

Professor Subrahmanyam has served as a consultant for several corporations, industrial groups and financial institutions in the U.S., Europe, Asia and Latin America. He also sits on the boards of several companies including the ICICI Bank, Infosys Technologies, Metahelix Life Sciences, Nomura Asset Management, and the board of advisers of Apollo Management L.P. He serves as an advisor to various international and government organisations, including the Securities and Exchange Board of India (SEBI). He has taught extensively on executive programs in more than twenty countries around the world. 

He has published numerous articles and books in the area of corporate finance, capital markets and international finance. He has been a visiting professor at leading academic institutions in Australia, England, France, Universita Guido Carli LUISS, Rome, Italy, Singapore and Churchill College, Cambridge University.

Professor Subrahmanyam currently serves or has served as an Associate Editor of the European Financial Management, Journal of Banking and Finance, Journal of Business and Accounting, Journal of Finance, Management Science, Journal of Derivatives, Journal of International Finance and Accounting, and Japan and the World Economy. He is the Editor of an academic journal specializing in derivative securities and markets entitled Review of Derivatives Research. His research interests include valuation of corporate securities, options and futures markets, equilibrium models of asset pricing, market microstructure and the term structure of interest rates. He has published several papers in these areas in many of the leading international journals in economics and finance, including Econometrica, The Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics and The Review of Financial Studies. His recent books include Recent Advances in Corporate Finance (Irwin, 1985) and Financial Options: From Theory to Practice (Dow Jones-Irwin, 1992). He is currently working on a new book, Interest Rate Derivative Products.

Professor Subrahmanyam has won several teaching awards including, most recently, New York University's Distinguished Teaching Medal in 2003.


Professor Andrew Karolyi
Professor of Finance and Global Business 
Alumni Chair in Asset Management
S.C. Johnson Graduate School of Management
Cornell University

Visit time: July 2010

CAMRI Public Lecture 

Andrew Karolyi is Professor of Finance and Global Business and holder of the Alumni Chair in Asset Management at Cornell University’s Johnson Graduate School of Management. He is an internationally-known scholar in the area of investment management with a specialization in the study of international financial markets. He has published extensively in journals in Finance and Economics, including the Journal of Finance, Journal of Financial Economics and Review of Financial Studies, and has published several books and monographs. His research has been covered extensively in the print and electronic media, including The Wall Street Journal, Financial Times, New York Times, Washington Post, Forbes, BusinessWeek, and CNBC. He serves as an associate editor for a variety of journals, including the Journal of Financial Economics, Journal of Finance, Journal of Empirical Finance, Journal of Banking and Finance, Journal of International Business Studies, and the Pacific Basin Finance Journal, which he edited between 1999 and 2003. He is a recipient of the Fama/DFA Prize for Capital Markets and Asset Pricing (2005), the William F. Sharpe Award for Scholarship in Finance (2001), the Journal of Empirical Finance’s Biennial Best Paper Prize (2006) and of the Fisher College of Business’ Pace Setter Awards for Excellence in Research and Graduate Teaching at Ohio State University. He joined the faculty of the Johnson Graduate School of Management at Cornell University in 2009 after having taught for 19 years at Ohio State University. Professor Karolyi has been elected to serve as President of the Financial Management Association International for 2011-2012.

He continues to lead executive education programs in the U.S., Canada, Europe, and Asia and is actively involved in consulting with corporations, banks, investment firms and stock exchanges.

Professor Karolyi received his Bachelor of Arts (Honors) in Economics from McGill University in 1983 and worked at the Bank of Canada for several years in their Research Department. He subsequently studied for his M.B.A and Ph.D. degrees in Finance at the Graduate School of Business of the University of Chicago.

Professor Karolyi's vita

 

Professor Anthony Neoh, QC, SC, JP, Hong Kong Bar and Dean's Visiting Professor, NUS Business School (梁定邦资深大律师)
Visit times: April 2010, October 2010, March 2011, September 2011, June 2012, July 2013, October 2013, January 2014, July 2014, April 2015, December 2015, February 2016 and July 2016
Visit Program (April 2010)

Official Launch of CAMRI (8 April 2010), CAMRI-CGIO Public Lecture on Corporate Governance: Asian versus Western Perspective (13 October 2010), NUS-Cornell Applied Research Forum in Asian Asset Management (1 – 2 March 2011), The 3rd Wee Cho Yaw Singapore-China Finance and Banking Forum in Shanghai (2 September 2011), The 4th Wee Cho Yaw Singapore-China Finance and Banking Forum in Singapore (12 June 2012), The 5th Wee Cho Yaw Singapore-China Finance and Banking Forum in Shanghai (31 July 2013), CAMRI Asset Owners Dialogue (AOD), Beijing (14 October 2013), CAMRI Executive Roundtable Luncheon Series (22 January 2014), The 6th Wee Cho Yaw Singapore-China Finance and Banking Forum in Singapore (25 July 2014), The 7th Wee Cho Yaw Singapore-China Finance and Banking Forum, Beijing (18 June 2015), Roundtable Presentations on “Asia in the Post-QE G2 Era: Policy Trends & Economic Outlook” with Former Governor Mr Masaaki SHIRAKAWA and Former Governor Dr Duvvuri SUBBARAO (16 February 2016), ALFI Beijing (29 February – 2 March 2016), The 8th Wee Cho Yaw Singapore-China Finance and Banking Forum, Singapore (14 July 2016)   

Anthony Neoh is a senior member of the Hong Kong Bar, active in civil appellate and international litigation and arbitration cases. He is a Chinese National and a permanent resident of the HKSAR. He has no political affiliations. He was a civil servant in the Hong Kong Government from 1966 – 1979. In 1979, he commenced private legal practice at the Hong Kong Bar. He returned to public office from 1995 – 2004. In 2003 (by agreement with the CSRC), he resumed private legal practice. He was Chief Advisor to the China Securities Regulatory Commission ("CSRC") from September 1998 to June 2004 at the personal invitation of former Premier Zhu Rongji. He remains a member of the International Advisory Board of the CSRC.

He was Chairman of the Hong Kong Securities and Futures Commission from 1995 to 1998. He was the first Asian to be elected Chairman of the Technical Committee of the International Organisation of Securities Commissions, in which position he served from 1996 - 1998. Prior to his appointment to the Chair of the Hong Kong Securities and Futures Commission he was in private legal practice, which he began in 1979, after 13 years in the Hong Kong Civil Service. His late appointment with the Hong Kong Government was as an Assistant Director of the Independent Commission Against Corruption. In private legal practice, he practiced trial and appellate advocacy in the Hong Kong Courts and until 1997, in the Privy Council in London. From 1984 to 1986, he was in active practice as a member of the California Bar, specialising in international financial transactions, and was briefly associated with the firm of Pilsbury Madison & Sutr now merged into Pilsbury Winthrop.

Prof Neoh was appointed Queen's Counsel (now retitled Senior Counsel) in April 1990. A law graduate of London University, he was called to the English Bar by Gray's Inn in 1976. He was a Visiting Scholar at the Harvard Law School on 1990/91 and for September 2001 - May 2002, he was Visiting Professor from Practice at the Harvard Law School. In 2004, he was appointed for that Academic Year Nomura Visiting Professor of International Finance from Practice by the Harvard Law School, a position he was unable to take up due to pressure of work in Hong Kong. He was awarded the Honorary Degree of Doctor of Laws by the Chinese University in 2003.

He also holds many adjunct, honorary and visiting professional appointments in universities in the Mainland of China and the Hong Kong SAR of China. In 2009, he was elected Honorary Fellow of the Hong Kong Securities Institute and an Academician of the International Eurasian Academy of Sciences. He also holds many adjunct, honorary and visiting professorial appointments in universities in the Mainland of China and the Hong Kong SAR of China. He was appointed Dean’s Visiting Professor at the National University of Singapore Business School in March 2011. His research interests are in legal and financial history, and the regulation of financial markets and services.




Professor Zvi Bodie
Norman and Adele Barron Professor of Management, Boston University
Visit time: December 2009
Visit Program

CAMRI Public Lecture (8 December 2009), CAMRI Asset Owners Dialogue (AOD), Beijing (14 October 2013)

Zvi Bodie is the Norman and Adele Barron Professor of Management at Boston University. He holds a PhD from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT's Sloan School of Management.

Professor Bodie is a world-renowned and widely published scholar on pension finance, personal finance, investment management, risk management and investment strategy. His papers on these topics have appeared in numerous top-flight journals, including the Journal of Finance, Journal of Financial Economics, American Economic Review, Journal of Political Economy, Journal of Investment Management, Journal of Portfolio Management, Financial Analysts Journal, and Harvard Business Review. His books include The Future of Life Cycle Saving and Investing and Foundations of Pension Finance. His textbook, Investments, coauthored with  Alex Kane and Alan Marcus is the market leader in graduate and undergraduate programs at business schools globally, as well as used in the certification programs of the CFA Institute and the Society of Actuaries. His textbook Financial Economics is coauthored with Nobel Prize winning economist, Robert C. Merton. His latest book is Worry Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals. In 2007 the Retirement Income Industry Association gave him their Lifetime Achievement in Applied Retirement Research Award. Professor Bodie is also a two-time winner of the Financial Analysts Journal’s Graham and Dodd Scroll Award (1985, 1996).

Professor Bodie's web page

Professor Bodie's vita