Two internationally recognised professors in financial markets have been appointed to Bradford University School of Management. They are designing a new MSc in Finance, which will be launched in September 2007.
Professor Turalay Kenc, recruited from Imperial College London, has worked with Federal Reserve Bank of St Louis, University of Cambridge and Central Bank of Iceland and runs executive programmes on derivatives and risk management.
He is researching the impact of business cycles and rare events on asset prices including real options and credit risk. The current, accepted ways of valuing companies do not take into account the likely effects of world downturns or uplifts.
Professor Mark Freeman is a former equity research analyst with extensive international experience from Kellogg Graduate School of Management, the University of California and the University of Technology, Sydney and working in corporate finance at United Distillers.
His main areas of research are in asset allocation and the long term returns between stocks and bonds, as well as financial modelling for complex, long term investments. These can be used for assessing the benefits of major projects such as the Olympic Games or how much people would be prepared to pay to prevent global warming – when the benefits may not be seen for 10, 50 or 100 years.
Professor Arthur Francis, Dean at the School, said: “It is a real coup to have attracted two such heavyweight names in financial markets. Both Mark and Turalay combine academic excellence with practical business experience. Their skills will help corporate financiers, investment managers and company directors to make better risk assessments – which will hopefully convert to better profit returns.”
Bradford University School of Management is a top 20 European business school, as ranked by the Financial Times.