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Speaker Bios 2017

Keynote Speaker Bios  
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Paul Glasserman is the Jack R. Anderson Professor of Business at Columbia Business School. Since 2011, he has also worked part time with the Office of Financial Research, an independent agency housed within the U.S. Treasury department focusing on financial stability. He has held visiting positions at the Federal Reserve Bank of New York, Princeton University, and NYU.  Paul is a past recipient of Risk magazine's Quant of the Year Award, and he was awarded the Lanchester Prize for his book on Monte Carlo Methods in Financial Engineering, the Erlang Prize in Applied Probability, and an IMS Medallion from the Institute of Mathematical Statistics   Paul chairs the Financial and Business Analytics center within Columbia's Data Science Institute, and he leads the Risk Management Initiative within Columbia Business School's Program for Financial Studies. He was senior vice dean of Columbia Business School in 2004-2008 and served as interim director of the Sanford C. Bernstein & Co. Center for Leadership and Ethics in 2005-2007
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Rafael Repullo is Professor of Economics and Director of the Centre for Monetary and Financial Studies (CEMFI) in Madrid, Spain. He holds a PhD in Economics from the London School of Economics (LSE), and has worked in the Department of Economics of the LSE and the Research Department of the Bank of Spain. He is Fellow of the Econometric Society and of the European Economic Association, Research Fellow of the Centre for Economic Policy Research (CEPR), member of the Financial Economists Roundtable, founding member of the European Corporate Governance Institute, and Co-Editor of the International Journal of Central Banking. He has been President of the Spanish Economic Association, Executive Vice-President of the Econometric Society and member of the Executive Committee of the European Economic Association.
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Allan Timmermann holds the Atkinson/Epstein Chair at the Rady School of Management at University of California, San Diego where he is a Professor of Finance and Economics. Dr. Timmermann has also taught at the London School of Economics and at Stanford University where he held the position of Kaiser Visiting Professor of Risk and Insurance. Dr. Timmermann received his PhD in Economics from University of Cambridge. In his research, Timmermann uses a mix of theory, data and econometric techniques to understand the behavior of prices and expectations in financial markets. His objective is to understand what determines the movement of security prices and to use this in managing risk, forming portfolios and forecasting future price movements. He has also studied mutual fund and pension fund performance. Timmermann has developed new methods in areas such as forecasting under structural breaks, forecast combinations and evaluation of predictive skills. Timmermann’s research has been published in top journals in finance, economics and statistics, including Econometrica, American Economic Review Quarterly Journal of Economics, Review of Economic Studies, Journal of American Statistical Association, Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Nature. His book “Economic Forecasting”, co-authored with Graham Elliott, was published by Princeton University Press in April 2016. Dr. Timmermann’s research has been covered in the Wall Street Journal, Financial Times and The Economist Magazine.
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Professor S. “`Vish” Viswanathan is the F.M. Kirby Professor of Investment Banking at the Fuqua School of Business, Duke University. Professor Viswanathan received his Bachelor's Degree in Science (First Class with Distinction) from the University of Bombay, his Master of Management Studies from the Jamnalal Bajaj Institute of Management Studies at the University of Bombay and his Ph.D. in Finance from the Kellogg Graduate School of Management at Northwestern University. Professor Viswanathan was the Distinguished Visiting Scholar at the Federal Reserve Bank of New York in 2015-2016. Professor Viswanathan is a former President of the President of the Financial Intermediation Research Society, a member of the National Bureau of Economic Research and a Fellow of the Financial Theory Group. Professor Viswanathan is a distinguished researcher who work spans a number of different areas. His recent research is on collateral constraints and their effect on risk management and financial intermediation. His recent work argues that financing investment and risk management both use scarce collateral and hence it may be optimal not to manage risk for smaller firms. His recent work on general equilibrium implications of collateral constraints considers the implications of collateral scarcity for prices and interest rates. His prior research has focused on market microstructure and mergers and has been published in the Journal of Finance and Journal of Financial Economics.
Speaker Bios  
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Jennie Bai is an assistant professor in Georgetown University. Her research focuses on credit risk and liquidity risk in banking and the fixed-income market. She has published articles in Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial and Quantitative Analysis. Before joining Georgetown, she is an economist at the Federal Reserve Bank of New York. Currently she serves as Advisory Council Member in the Board of Governors of the Federal Reserve, and a visiting scholar to the European Central Bank. She received her Ph.D. from the University of Chicago.
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  Miguel A. Ferreira holds the Banco BPI Chair in Finance at Nova School of Business and Economics. He is also a research associate of the European Corporate Governance Institute (ECGI) and the Center for Economic Policy Research (CEPR). He has a PhD in Finance from the University of Wisconsin-Madison, a Master in Economics from Nova School of Business and Economics, and a Licenciatura in Business from ISCTE. He teaches corporate finance at the undergraduate level, and risk management at the graduate level. He also has a vast experience in consultancy for companies, banks, and government agencies. His research interests include corporate finance and governance. His research has been published in top academic journals including the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Review of Finance and Review of Financial Studies. He has been a recipient of several research grants and awards including a European Research Council (ERC) grant
Marcin
Marcin T. Kacperczyk is Professor of Finance at Imperial College London and Research Associate at Centre for Economic Policy Research. His research interests include financial institutions, asset pricing, risk management, institutional investors, and behavioral finance. His research has been published in Econometrica, Journal of Finance, Journal of Financial Economics, Quarterly Journal of Economics, and the Review of Financial Studies, among others. He has been widely cited in popular press, including Wall Street Journal, New York Times, Business Week, US News, Financial Times, CNN, and CNBC. He is Associate Editor at the Management Science and the Review of Finance.
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Adair Morse is Associate Professor at the Haas School of Business at the University of California at Berkeley, where she teaches New Venture Finance. She is faculty mentor to the Haas Impact Investing Network, FinTech Club, Gender Equity Initiative, and Impact Research Prize. She holds a Ph.D. in finance from the University of Michigan. Adair’s research spans three areas of finance: household finance, corruption, and asset management, with the unifying theme that she tries to choose topics useful for leveling economic playing fields. She has won a number of top finance research prizes, including the Brattle Prize, the Jensen Prize,  the WFA Prize, and the Moskowitz Impact prize, and her various works have been directly implemented into policy. Within household finance, Adair has a particular interest in household debt and welfare, studying low and middle income credit products and their use via both observational studies and field experiments with companies. Her recent work studies many aspects of marketplace lending/crowdfunding. Examples of Adair’s other noteworthy publications in household finance include work on the effect of income inequality on consumption and disclosure in financial services. Adair’s new research include topics in impact investing, pension fund governance, and asset management delegation efficiency. Her ongoing research in Impact Investing provides evidence on the demand for impact and the tradeoffs in returns needed to generate social and environmental goals.
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Martin C. Schmalz is a financial economist who serves as the NBD Bancorp Assistant Professor in Business Administration, Harry H. Jones Research Scholar, and as an Assistant Professor of Finance at the University of Michigan’s Stephen M. Ross School of Business. His PhD in economics is from Princeton University. He teaches corporate finance theory for PhD students and won a Ross Teaching Excellence Award for his case-based “Valuation” class in the daytime MBA curriculum.
Schmalz has published in The Journal Finance, the Journal of Financial Economics, and the Review of Financial Studies and written on diverse topics such as corporate finance and governance, individual investor behavior and asset pricing, and capital allocation and “real” consequences of concentration in the mutual fund industry. His research has been covered in The New York Times, The Economist, Wall Street Journal, Financial Times, Bloomberg, The New Yorker, The Atlantic, Forbes, Fortune, Frankfurter Allgemeine Zeitung, and various other outlets.
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Ilya Strebulaev is a tenured Professor of Finance at the Graduate School of Business, Stanford University, and a Research Associate at the National Bureau of Economic Research. He graduated from the London Business School with a doctorate in Finance in 2004. He also holds degrees from Lomonosov Moscow State University (B.Sc. Economics) and the New Economic School, Moscow (M.A. Economics). Ilya is an expert in corporate finance and credit risk. His work includes papers published in the Journal of Finance, the Review of Financial Studies, and theJournal of Financial Economics. Ilya has been awarded the First Paper Prize of the Brattle Award for the best corporate paper published in the Journal of Finance, the Fama-DFA Prize for the best asset pricing paper published in the Journal of Financial Economics, and the Trefftzs Award by the Western Finance Association. He teaches at the MBA, PhD, and executive education programs, and has been awarded the MBA Distinguished Teaching Award at Stanford GSB as well as the inaugural Masters in Management Best Teacher Award at the London Business School. His most recent work has examined issues of dynamic capital structure, strategic financial decision-making, and empirical estimation of firms’ financing decisions. Ilya teaches the MBA angel and VC investment and decision-making course, the Sloan finance course, and the PhD advanced corporate finance course. When not teaching or doing research, Ilya enjoys reading, traveling, hiking, listening to classical music, and collecting and appreciating fine wine and art.
Discussant Bios  
Bo
Bo Becker is a professor in the Department of Finance at the Stockholm School of Economics. His research is on corporate finance, especially corporate credit markets. Recent topics include corporate bank lending through the business cycle, conflicts of interest in credit ratings industry, the covenant structure of loans and bonds, and comparing out-of-court restructuring to bankruptcy. His research has been published in the Journal of Finance, the Journal of Monetary Economics, the Journal of Financial Economics and the Review of Financial Studies and other journals. Professor Becker has been awarded several prizes and grants, including the Standard Life Prize for best paper in the ECGI Finance WP series, the Nordea Price for Best Corporate Finance Paper at the European Finance Association's annual meeting and the Lamfalussy Research Fellowship from the European Central Bank.
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Magnus Dahlquist is Professor of Finance at the Stockholm School of Economics, and a Research Fellow at the Centre for Economic Policy Research (CEPR) and the Network for Studies on Pensions, Aging and Retirement (NETSPAR). Dahlquist’s research interests lie in asset management, asset pricing, and international finance. His current research focuses on (i) individuals’ and institutions’ investment behavior and the design of pension plans, (ii) trading strategies in the currency markets and their relation to fundamentals, and (iii) performance evaluation and practical problems related to portfolio selection. Dahlquist has been an advisor to several financial institutions and government authorities.
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Pedro Matos is an Associate Professor of Finance and the Academic Director of Richard A. Mayo Center for Asset Management at the University of Virginia, Darden School of Business. His research focuses on international corporate governance and the growing importance of institutional investors in financial markets worldwide. His work has been published in leading academic journals (Journal of Finance, the Journal of Financial Economics and the Review of Financial Studies) and has been featured also in the press, including in The Economist, Financial Times, New York Times, Washington Post, Fortune and Forbes. His work has received numerous research grants and Awards.
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Emanuel Moench is the Head of Research of Deutsche Bundesbank. Prior to joining the Bundesbank, Emanuel was a Research Economist at the Federal Reserve Bank of New York. His research focuses on the intersection of macroeconomics and finance and has been published in the Journal of Finance, the Journal of Financial Economics, and the Journal of Monetary Economics among others. He received the Amundi Smith Breeden First Prize in 2015 and the European Economic Association's Young Economist Award in 2008. Emanuel obtained a Ph.D. and an M.A. in Economics from Humboldt University Berlin and an M.A. in Statistics from ENSAE.
Suresh
Suresh Sundaresan is the Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia University. He is the Faculty Director of India Business Initiative (IBI), and the coordinator for the PhD program in Finance. His most recent working papers are in the areas of bank liability structure, central bank liquidity provision, foreign currency debt and its relationship to creditor rights, safe harbor rights of repo agreements, interest rate swap spreads, term structure of interest rates and expectations of target rates. He has published in Journal of Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Political Economy, European Economic Review, and other Finance and Economics journals.
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Morten Sørensen is a Professor of Finance at Copenhagen Business School, an Adjunct Professor of Finance and Economics at Columbia Business School, and a Research Fellow at Centre for Economic Policy Research. Morten Sørensen has previously been an Assistant Professor of Finance at University of Chicago, an Associate Professor of Finance and Economics at Columbia Business School, and a Faculty Research Fellow at National Bureau of Economic Research. Morten Sørensen's research is in the areas of Entrepreneurial Finance, Venture Capital, and Private Equity. His research is about understanding the behavior, performance, and economic effects of venture capital and private equity both in individual transactions and in the broader economy. His studies have investigated the risks, returns, and illiquidity inherent in venture capital, private equity, and other alternative investments; the effects of private equity and venture capital investments on individual companies and for industries; and the role of management in venture capital and buyout deals. He has been awarded numerous research grants, including a Sapere Aude Forskningsleder grant and a Netspar grant, both exceeding USD 1M. His research has been presented worldwide at numerous universities and conferences. It has been featured in the Wall Street Journal, New York Times, Financial Times, Bloomberg, CNBC, and BusinessWeek. It has been published in leading academic journals, including the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science.


Last updated by: Sabrine Josephine Schmidt 08/08/2017