Academic fellow to work with ISB on policy project of National interest

Professor Raghuram Rajan has been associated with the ISB since its inception. He was the ‘Area Leader’ for two key areas of ISB’s Post Graduate Programme in Management, namely Finance and Economics & Public Policy. He was also keenly involved in the ISB’s Executive Education Programmes and led one on Financial Strategies for Creating Values. He was the force behind the creation of the CAF. Researchers at the CAF are currently working with him on a policy project of national importance. As the CAF Academic Fellow, he will be involved in the Research Conference to be held at the ISB in August 2007.

Welcoming him, Professor Rammohan Rao, Dean, ISB said, “I am proud that Professor Raghuram Rajan has consented to be the Academic Fellow at CAF, ISB. He has been instrumental in setting up the Centre for Analytical Finance (CAF) at the ISB. As one of the leading research and consulting experts on global financial issues, we believe that his involvement will further strengthen the research focus at the ISB. ”

“I look forward to being at the ISB and participating in the vibrant intellectual environment that is emerging there.” expressed Professor Raghuram Rajan

Professor Rajan is currently Eric J. Gleacher Distinguished Service Professor of Finance at the Graduate School of Business, University of Chicago. Until recently, he was the Economic Counselor and Director of Research, International Monetary Fund, the first finance researcher and the youngest person ever to hold this very influential research position. Among numerous honors and distinctions, he received the inaugural Fischer Black Prize awarded biannually by the American Finance Association for outstanding contributions to finance by a scholar under 40.

The CAF at the ISB has previously invited Professor Franklin Allen, Nippon Life Professor of Finance, The Wharton School in 2005 and Professor Richard Roll, Japan Alumni Chair in Finance at UCLA Anderson in 2006 as Academic Fellows. Both of them have been Presidents of the American Finance Association, besides sharing many other professional distinctions and honors.

Professor Sankar De, Executive Director, CAF said, “I am delighted that Raghu is returning to CAF for a renewed association. In a span of just three years, the CAF has come to be recognised internationally for research on emerging markets. In the process we have been fortunate to have been associated with a number of leading financial researchers. Raghu’s return will make this trend more powerful.”

The CAF is dedicated to research in all areas of finance, including financial markets, instruments, institutions, and regulations. The Centre is supported by the Goldman Sachs Foundation and its Board comprises several eminent scholars from Berkeley, Chicago, Cornell, Kellogg, NYU, UCLA, Wharton and other institutions of global standing. CAF has also established research partnerships with major international and Indian think tanks leading to collaborative research and joint conferences.