Iftekhar Hasan, Ph.D., plans to study the recent consolidation and changes in ownership structures of stock exchanges around the globe.
Photo courtesy of Rensselaer Polytechnic Institute
Iftekhar Hasan, Ph.D., has joined the Fordham Schools of Business faculty as the new Corrigan Chair in International Business and Finance.
Hasan comes to Fordham from Rensselaer Polytechnic Institute, where he was the acting dean of the Lally School of Management and Technology, the Carey L. Wellington Professor of Finance and director of the International Center for Financial Research.
He specializes in financial institutions, corporate finance, entrepreneurial finance and capital markets.
“Iftekhar Hasan’s appointment as the Corrigan Chair is a significant addition to Fordham’s intellectual capital,” said Stephen Freedman, Ph.D., provost of the University. “Dr. Hasan is a prolific and highly regarded scholar whose expertise is sought after by governments, financial institutions and universities worldwide. By this appointment, Fordham and its Schools of Business signal a commitment to the highest levels of research and teaching in business and finance.”
David Gautschi, Ph.D., dean of the Graduate School of Business Administration, said that Hasan’s addition to the faculty strengthens two areas of strategic priority for the school: advancing understanding of the role of business in the global political economy, and advancing understanding of a business school in an international financial center.
“Dr. Hasan is known not only for his innovative and prolific research, but also for his work in advising many international institutions—both private and governmental—including the United Nations, World Bank, Central Bank of Finland, and several other central banks and regulatory authorities,” Gautschi said.
“In addition, Dr. Hasan is known for his generosity in mentoring young scholars in finance, having founded and continued to lead the ‘Rising Stars’ conference for emerging researchers,” he said.
Donna Rapaccioli, Ph.D., dean of the Gabelli School of Business, said she was delighted to welcome Hasan to the business faculty.
“Dr. Hasan has an outstanding and very diverse research record. In addition, he is a gifted teacher and builder of relationships between students, the academy and the public and private sector, and has a deep respect for Fordham’s Jesuit mission,” she said.
Hasan said he was interested in Fordham because of the University’s dedication to Jesuit education principles and the formidable team that Rapaccioli, Gautschi and Freedman represent.
“You have two deans who are highly successful in their own academic endeavors, and at the same time, they have taken the role of educators and administrators for the enhancement for the schools’ reputation, as well as the contribution to the society at large,” he said. “Fordham business schools have successfully created a nucleus of very talented senior and junior faculty members and it is a privilege to join this distinguished group.”
When it comes to research, Hasan said he plans to explore how the recent consolidation and changes in the ownership structure of stock exchanges around the globe affect the liquidity of the market and the information content of stocks.
He is also interested in understanding the underpinnings of financial contracts that multinational banks rely on to lend money across products, firms, industries and locations nationally and globally. Being based in New York City also provides plenty of opportunities for alliances and collaborations on cutting-edge research and innovative teaching with private entities.
“New York has been—and will continue to be—the financial center of the world. Providing timely, relevant research that has direct applicability for industry partners, which in this case are banks and exchanges, will keep New York City relevant,” he said.
The Corrigan Chair in International Business and Finance was established by a gift from E. Gerald Corrigan, Ph.D., (GSAS ’65, ’71). Corrigan, a former president of the Federal Reserve Bank of New York, is managing director of Goldman Sachs. He received his master’s and doctoral degrees in economics from Fordham’s Graduate School of Arts and Sciences.
In commenting on Hasan’s appointment, Corrigan said that “Dr. Hasan’s presence at Fordham here in New York City represents a highly valued addition to the city’s academic and business leadership.”
