Keynote Speaker Bios

 

 

 

Tim Bollerslev is the first Juanita and Clifton Kreps Distinguished Professor of Economics at Duke University, Professor of Finance at the Fuqua School of Business, and Research Director for the Duke Financial Economics Center (DFE).  He is an elected fellow of the Econometric Society, the American Statistical Association and the Society for Financial Econometrics, as well as a longtime Research Associate at the National Bureau of Economic Research (NBER), and an International Research Fellow at the Center for Research in Time Series Econometrics (CREATES) at the University of Aarhus, Denmark.  Prior to joining Duke, Dr. Bollerslev has held positions as the Sharpe Distinguished Professor of Finance at the Kellogg Graduate School of Management at Northwestern University, and the Commonwealth Professor of Economics at the University of Virginia.

 

Much of Dr. Bollerslev’s research has focused on measuring, modeling and forecasting financial market volatility.  Many of the ideas developed by Dr. Bollerslev are now routinely used by economists and finance practitioners all over the world.  He has published extensively in all of the leading academic journals in the field, and lectured at numerous international conferences, universities, and other institutions.  He is the author of two of the three most cited papers in the Journal of Econometrics, and routinely ranks among the most cited economists in the world. A native of Denmark, Dr. Bollerslev received his M.S. degree in Economics and Mathematics from the University of Aarhus, Denmark, and his Ph.D. degree in Economics from the University of California, San Diego.

 

John Geanakoplos is the James Tobin Professor of Economics and co-Director of Hellenic Studies at Yale University, a member of the inaugural Yale Faculty Senate, a Fellow of the American Academy of Arts and Sciences and the Econometric Society, and a recipient of the Samuelson Prize. He is a creator of the theory of Collateral Equilibrium and the Leverage Cycle. From 1990-1994 he was Director of Fixed Income Research at the investment bank Kidder Peabody, and in 1995 he was one of the founders of the hedge fund Ellington Capital Management, where he remains a partner. He was Director of the Cowles Foundation for Research in Economics for 9 years, and director of the Science Steering Committee for the Santa Fe Institute for 6 years. He has testified several times in Congress about mortgage debt forgiveness. He got his BA at Yale, and his PhD at Harvard under Ken Arrow.

 


 

Maureen O’Hara is Purcell Professor of Finance at the Johnson Graduate School of Management, Cornell University and also Professor of Finance at UTS (Sydney).  A citizen of both Ireland and the U.S., she received her doctorate from Northwestern University and Honorary Doctorates from Facultés Universitaires Catholiques à Mons (FUCAM), Universität Bern, and University College Dublin.  Professor O'Hara is an expert on market microstructure, and she publishes widely in banking and financial intermediaries, law and finance, and experimental economics.  She is the author of numerous journal articles as well as the books Market Microstructure Theory (Blackwell: 1995), and High Frequency Trading: New Realities for Traders, Markets, and Regulators (Risk Books: 2013).  Her most recent book, Something for Nothing: Arbitrage and Ethics on Wall Street, was published in 2016 by Norton Books. A past President of the American Finance Association, the Western Finance Association and the Financial Management Association, she was Executive Editor of the Review of Financial Studies.  Professor O’Hara has served on a variety of corporate boards including NewStar Financial, Teachers Insurance and Annuity Association (TIAA), and Investment Technology Group, Inc. (ITG), where she was Chairman of the Board.  She was named to Institutional Investors Trading Technology Top 40 and she is currently an Advisor to Symbiont, a company focusing on blockchain and smart securities. A member of the CFTC-SEC Emerging Regulatory Issues Task Force (the “flash crash” committee), she has also served on the Global Advisory Board of the Securities Exchange Board of India (SEBI), the Advisory Board of the Office of Financial Research, U.S. Treasury, and the SEC  Equity Market Structure Advisory Committee.

  

Suresh Sundaresan is the Chase Manhattan Bank Foundation Professor of Financial Institutions at Columbia Business School. He is the Faculty Director of the PhD program in Finance and the India Business Initiative (IBI) at Columbia Business School. 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, and the relationship between Fed funds rates, OIS rates and Treasury 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.

 

 

 

Speakers Bios

 

Susan Christoffersen is the Vice-Dean of Undergraduate & Specialized Programs and a Professor of Finance at the Rotman School of Management. Her research focuses on mutual funds and the role of financial institutions in capital markets. She has published in top finance journals and cited in The New York TimesInternational Herald TribuneBloomberg News Service, and The Wall Street Journal. Susan has received grants from SSHRC, IFM2, and FQRSC and research awards from Q-Group, Bank of Canada, BSI Gamma Foundation, INQUIRE, and the Swiss Finance Institute. Susan is a member of the Center for Financial Frictions at the Copenhagen Business School and was awarded the Limited Term Professorship by the Canadian Securities Institute Research Foundation in 2005.

Bryan T. Kelly is Professor of Finance at the Yale School of Management, a Research Fellow at the National Bureau of Economic Research, Associate Director of SOM’s International Center for Finance, and a consultant for AQR Capital Management, LLC. Professor Kelly’s primary research fields are asset pricing and financial econometrics. He is interested in issues related to volatility, tail, and correlation risk in financial markets, predictive methods in high dimensional systems, banking sector systemic risk, financial intermediation, and financial networks. His papers in these areas have been published in the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies, among others. He is an associate editor at the Journal of Finance and the Journal of Business and Economic Statistics. Before joining Yale, Kelly was a professor of finance at the University of Chicago Booth School of Business.  He earned a bachelor’s degree in economics from the University of Chicago, a master’s degree in economics from University of California San Diego, and a PhD in finance from New York University’s Stern School of Business. Kelly worked in investment banking at Morgan Stanley prior to pursuing his PhD.

 

 

Sydney Ludvigson is a Professor of economics at New York University and Research Associate at the National Bureau of Economic Research. Her research centers on the interplay between asset markets and macroeconomic activity, with recent applications to the pricing and risk premia of stock, bond, and housing markets, the role of heterogeneity and wealth inequality in housing and stock market valuations, and the dynamic causal effects of uncertainty for business cycle fluctuations.

 

Pedro Matos is the Academic Director of Richard A. Mayo Center for Asset Management, holds the John G. Macfarlane Family Chair in Business Administration and is a professor in the Finance area at the University of Virginia, Darden School of Business. His research focuses on the growing importance of institutional investors in financial markets worldwide. His work has been published in top academic journals and been featured also in the press, including in The Economist, The Financial Times and the New York Times. He is a Research Associate at the European Corporate Governance Institute (ECGI) and has received numerous research grants and awards. At Darden, he has won the Wells Fargo Award for Excellence in Course Material Development (twice), the Wells Fargo Award for Outstanding Research Publication and the Darden Multiyear Publications Award. He previously taught at the University of Southern California where he received a Golden Apple teaching award. He holds a PhD in Finance from INSEAD. Prior to his PhD, he worked with the Portuguese Ministry of Finance and consulted for the World Bank.

 

Albert Menkveld is Professor of Finance at VU University Amsterdam and Fellow at the Tinbergen Institute. In 2002, he received a Tinbergen PhD from Erasmus University Rotterdam. He was on visiting positions for multiple years at various U.S. schools (NYU, Wharton, and Stanford).

 

Albert's research agenda is focused on securities trading, liquidity, asset pricing, and financial econometrics. He has published in various journals, for example, the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. In 2010 he received a five-year VIDI grant from the Netherlands Organization for Scientific Research (NWO), in 2007 the Pierson medal ('Dutch Bates Clark') from the Royal Dutch Economic Association, in 2003 a Lamfalussy scholarship from the European Central Bank, and in 2001 the Josseph de la Vega Prize from the Federation of European Exchanges.

 

Anders B. Trolle is an Associate Professor at HEC Paris. Prior to joining HEC, Anders was an Assistant Professor at the Ecole Polytechnique Fédérale de Lausanne in Switzerland and held a Junior Chair at the Swiss Finance Institute. He received his M.S. from University of Copenhagen and his Ph.D. from Copenhagen Business School. His research has been published in leading academic finance journals such as the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.

 

 

 

Discussant Bios

 

Svetlana Bryzgalova is an Assistant Professor of Finance at the Stanford Graduate School of Business. Originally she is from Nizhny Novgorod, Russia, where she studied at the Higher School of Economics, Russia, from which she obtained a BA in Economics (Mathematics) and a MSc in Financial Economics. Svetlana is interested in macro finance, empirical asset pricing and the issues involved in the estimation of these models. She joined the GSB in September 2015 after receiving her PhD and MRes degrees in Economics from London School of Economics.

Peter Feldhütter is a professor in the Department of Finance at Copenhagen Business School. Before joining Copenhagen Business School, he held a position at London Business School. His research focuses on credit risk and liquidity risk in fixed-income markets, in particular the corporate bond market. His research has been published in Review of Financial Studies, Journal of Financial Economics, and other journals and his work has been covered in the press, including Financial Times and New York Times.  Professor Feldhütter has been awarded a number of prizes, including best paper in quantitative investments at WFA, Wharton’s Jacobs Levy Equity Management Center for Quantitative research’s outstanding paper award, and Q Group’s Jack Treynor Prize.

Grigory Vilkov is the Professor in the Department of Finance at Frankfurt School of Finance & Management. Grigory received his Diploma from the Finance Academy in Moscow, then got an MBA from the University of Rochester William E. Simon School, continued his study in INSEAD to get the M.Sc. and Ph.D. in Management. In 2008 he joined the Goethe University Frankfurt as Assistant Professor and stayed there until 2014, when he moved to  Frankfurt School of Finance & Management. In the Fall 2013 he also visited University of Mannheim as Professor of Finance. Starting in 2013 Grigory is acting as principal investigator in the Center of Excellence SAFE (Sustainable Architecture for Finance in Europe).
He worked a number of years in derivatives trading, and then managed a privately held fund trading on the equity and equity derivatives markets. After some short experience with large banks, he worked as a partner in a company specialized on market execution systems for algorithmic trading on the stock and option markets, and a company building a grid computing technology used on Wall Street, and some others. Grigory's professional designations include FRM (Financial Risk Manager) from GARP and PRM (Professional Risk Manager) from PRMIA.
Grigory's preferred topic so far has been the use of derivative instruments and option-implied information in asset pricing and portfolio management, and general equilibrium modeling with frictions.

 

 

 

Ingrid M. WERNER is the Martin and Andrew Murrer Professor of Finance at Fisher College of Business, The Ohio State University. Professor Werner’s research interests are primarily in the area of market microstructure where she has studied interdealer trading, institutional trading costs, short selling, dark pools, tick size, disclosure and liquidity, liquidity and asset pricing, and trading fees and intermarket competition. Her work has been published in for example The Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Journal of Economic Theory.

 

Professor Werner is the President-Elect of the Western Finance Association and a past President of the European Finance Association.  She is a non-executive director of the Fourth Swedish AP Fund and is a member of the FINRA Economic Advisory Committee. Professor Werner serves on the prize committee for the Swedish Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.  She chairs the scientific advisory board of the Swedish House of Finance (SHoF), serves on the board of Mistra Financial Systems (MFS) at Stockholm School of Economics, the scientific advisory board of the Danish Finance Institute at Copenhagen Business School, and on the editorial board of the Journal of Finance and several other journals.  She teaches Trading and Markets to graduate and undergraduate students.


 

Paul Whelan's research interests are in the areas of theoretical and empirical asset pricing with a specific focus in fixed income markets. Paul has presented at American Finance Association, Western Finance Association, and European Finance Association meetings, and has received several awards for his research, most recently Best Paper Award at the SFS Cavalcade 2017.

Josef Zechner is Professor of Finance and Investments at WU (Vienna University of Economics and Business) and speaker of the PhD program Vienna Graduate School of Finance (VGSF).
He is Full Member of the Austrian Academy of Sciences and Research Fellow of the Centre for Economic Policy Research (CEPR). Before joining the WU Vienna University of Economics and Business, he was Professor of Finance at the University of Vienna and at the University of British Columbia, Canada. Josef Zechner has published in leading finance and economics journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Political Economy and the Review of Financial Studies. He was the Managing Editor of the Review of Finance from 2003 to 2012. He is also past president of the European Finance Association (EFA), the German Finance Association (DGF) and the Western Finance Association (WFA) and is currently vice president of the Society for Financial Studies (SFS). He is also a member of the Advisory Scientific Committee (ASC) of the European Systemic Risk Board (ESRB) of the European Central Bank (ECB).
His research covers a broad range of topics in the areas of corporate finance, banking and asset management. Prof. Zechner has consulted for various financial institutions. He is also a founding partner and a member of the scientific board of Spängler IQAM Invest GmbH, an Austrian Asset Management Company.

 

Copenhagen Business School (CBS) - Solbjerg Plads 3 - 2000 - Frederiksberg - +45 38153815 - conferences@cbs.dk