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Academic Board

The Program for Financial Studies is governed by an eight-member academic advisory board responsible for the intellectual leadership of the program. Working together, board members identify opportunities for collaboration across the School’s academic divisions, evaluate opportunities for new initiatives, and make recommendations relating to the allocation of research funds.

Academic Board Members

Laurie Simon Hodrick, Founding Director and Chair of the Advisory Board of the Program for Financial Studies
Charles Calomiris, Curriculum Director of the Program for Financial Studies
Paul Glasserman, Research Director of the Program for Financial Studies
Andrew Ang, Academic Board Member
Mark N. Broadie, Academic Board Member
Robert Hodrick, Academic Board Member
Charles Jones, Academic Board Member
M. Suresh Sundaresan, Academic Board Member

 

Laurie Simon Hodrick
Founding Director and Chair of the Advisory Board of the Program for Financial Studies
A. Barton Hepburn Professor of Economics in the Faculty of Business (Finance and Economics)

Professor Hodrick is known for her ground-breaking research on corporate financial decisions, with a particular interest in share repurchases and dividends, takeovers, and equity offerings. She has been awarded numerous research awards and grants, including the National Science Foundation Presidential Young Investigator Award. She has also received many awards for teaching excellence, including Columbia University’s Presidential Teaching Award in 2006 and the Singhvi Prize for Scholarship in the Classroom at Columbia Business School three times (1997, 2005, and 2006). From 2006-2008, Professor Hodrick was a managing director at Deutsche Bank, where she was global head of alternative investment strategies.

Professor Hodrick received a BA in Economics from Duke University and a PhD in Economics from Stanford University.

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Charles Calomiris
Curriculum Director of the Program for Financial Studies
Henry Kaufman Professor of Financial Institutions (Finance and Economics)

Professor Calomiris's research and teaching span the areas of banking, corporate finance, financial history, and monetary economics. He is also a Professor at Columbia’s School of International and Public Affairs and a Research Associate of the National Bureau of Economic Research. He is a member of the Shadow Financial Regulatory Committee, the Shadow Open Market Committee, the Financial Economists Roundtable, and the Task Force on Property Rights at the Hoover Institution. He has held other positions at the Council on Foreign Relations, the American Enterprise Institute, and the Pew Trusts. He also served on the International Financial Institution Advisory Commission, a US Congressional commission that advised the U.S. government on the reform of multilateral institutions in 1999-2000. In 2011, he was the Houblon-Norman Senior Fellow at the Bank of England. 

Professor Calomiris received a BA in Economics from Yale University and a PhD in Economics from Stanford University.

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Paul Glasserman
Research Director of the Program for Financial Studies
Jack R. Anderson Professor of Business (Decision, Risk, and Operations)

Professor Glasserman's research and teaching address risk management, the pricing of derivative securities, Monte Carlo simulation, statistics and operations. Prior to joining Columbia, Glasserman was with Bell Laboratories; he has also held visiting positions at Princeton University, NYU, and the Federal Reserve Bank of New York. Professor Glasserman serves on the editorial boards of Finance & Stochastics, Mathematical Finance, the Journal of Computational Finance, and the SIAM Journal on Financial Mathematics. He chairs the Education Committee of PRMIA, the Professional Risk Managers International Association. Professor Glasserman 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.

Professor Glasserman received an AB in Mathematics from Princeton University and a PhD in Applied Mathematics from Harvard University.

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Andrew Ang
Ann F. Kaplan Professor of Business (Finance and Economics)
Chair, Finance and Economics Division

Professor Ang specializes in empirical asset pricing and applications of econometrics to financial problems. He has developed macro-models of fixed income, valuation models with time-varying expected returns, models of downside risk and other non-linearities in asset returns, and models of dynamic asset allocation. He teaches courses on investment management and empirical asset pricing, including a new master class, Quantitative Investments, which he designed.

Professor Ang received a BEc from Macquarie University, Australia and an MS in Statistics and PhD in Finance from Stanford University.

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Mark N. Broadie
Carson Family Professor of Business (Decision, Risk, and Operations)
Vice Dean for Curriculum and Instruction

Professor Broadie’s research focuses on risk management, the pricing of derivative securities, and portfolio management. He is on the editorial board of several journals and is the vice chairman of Enterprise Risk Management Institute International (ERM-II), which promotes standard and best practices in enterprise risk management. He has received numerous research and teaching awards, and he teaches the course Security Pricing: Models and Computation. Professor Broadie has worked as a consultant for numerous financial firms and gives seminars to academics and practitioners worldwide.

Professor Broadie received a BS in OR/IE and Mathematics from Cornell University and a PhD in Operations Research from Stanford University.

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Robert Hodrick
Nomura Professor of International Finance (Finance and Economics)

Professor Hodrick joined the Columbia Business School in 1996 where he has been the Academic Director of the Jerome A. Chazen Institute of International Business from 1997-2002 and the Senior Vice Dean from 2002-2004.  He is a research associate of the National Bureau of Economic Research. His previous academic appointments include the Kellogg Graduate School of Management at Northwestern University and Carnegie-Mellon University.

Professor Hodrick’s research explores the empirical implications of theoretical asset pricing models that generate time-varying risk premiums in the markets for equities, bonds, and foreign currencies. His research has been supported by several grants from the National Science Foundation. He teaches international finance, and the second addition of his textbook, International Financial Management, co-authored with Geert Bekaert, was published in September.

Professor Hodrick received an AB in Public and International Affairs from Princeton University and a PhD in Economics from the University of Chicago.

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Charles Jones
Robert W. Lear Professor of Finance and Economics (Finance and Economics)

Professor Jones joined the faculty at Columbia Business School in 1997 and is the former chair of the finance and economics division. Professor Jones studies the structure of securities markets, liquidity, and trading costs, and he is particularly noted for his research on short sales, algorithmic trading, and the variation in liquidity over time. His published articles appear in outlets ranging from the Journal of Finance to Barron’s. Jones has served as the visiting economist at the New York Stock Exchange, and for several years he has been a visiting scholar at the Federal Reserve Bank of New York. Jones has also been on the faculty at Princeton University, and prior to doing graduate work at the University of Michigan, he was an investment banking analyst at Merrill Lynch. At Columbia, Jones regularly teaches “Debt Markets,” a popular elective course targeted to MBA students intending to work in fixed income, debt capital markets, or investment banking, and he has received the Singhvi Prize for scholarship in the classroom.

Professor Jones received an SB in Mathematics from MIT and a PhD in Finance from the University of Michigan School of Business Administration.

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M. Suresh Sundaresan
Chase Manhattan Bank Foundation Professor of Financial Institutions (Finance and Economics)

Professor Sundaresan’s current research focuses on default risk and how it affects asset pricing and sovereign debt securities. He works on corporate bankruptcy, the role of collateral in interest rate swaps, recovery rates, and interest rates in microloans. Sundaresan has worked as a consultant for Morgan Stanley and Ernst and Young and has conducted training programs for leading investment banks including Goldman Sachs, Morgan Stanley, CSFB, and Lehman Brothers. He is the author of the textbook Fixed-Income Markets and Their Derivatives and teaches courses on debt markets and advanced derivatives.

Professor Sundaresan received a BE in Mechanical Engineering from the University of Madras, India, and an MS in Finance and PhD in Finance from the Graduate School of Industrial Administration, Carnegie-Mellon University.

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2013-2014 No Free Lunch Seminar Series

Emi Nakamura, Associate Professor of Business presents Is China Slowing?

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2013 Financial Studies Conference

Watch videos from our 2013 conference: "Navigating the Changing Landscape of Finance."

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Contact Us

Columbia Business School
Uris Hall 809, 3022 Broadway
New York, NY 10027
Phone: 212-851-9473
financialstudies@columbia.edu

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In the News

July 8, 2014

Executive Advisory Board Member Evan Picoult will speak at The Financial Industry in a Post-Crisis World Symposium in Washington, DC on July 10>

June 26, 2014

Professor Andrew Ang is cited by Top 1000 Funds for his research titled "Asset Allocation and Bad Habits">

June 24, 2014

Executive Advisory Board Member Evan Picoult will speak at the Workshop on Hypothetical Portfolio Exercises (HPEs) in London, England on June 26>

June 20, 2014

Professor Mark Broadie will discuss his book "Every Shot Counts" at the Columbia Business School Alumni Club in Philadelphia, Pennsylvania on June 24 >