NYU President Andrew Hamilton and Provost Katherine Fleming have announced that beginning January 1, 2018 Rangarajan “Raghu” Sundaram will be the new Dean of the Leonard N. Stern School of Business. Professor Sundaram will succeed Peter Henry, who has held the position since January, 2010.
Professor Sundaram joined Stern’s faculty a little more than 20 years ago. He is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance. He has been Vice Dean of MBA Programs since 2016.
Despite having a pool of prominent candidates for the position of Dean, Stern ultimately chose one of their own. “Raghu Sundaram has a strong, highly regarded record of leadership and innovation, scholarship and teaching, and collegiality and service to both Stern and the University. In a field of distinguished candidates for Stern’s deanship, Raghu stood out.” The search committee was headed by Batia Wiesenfeld, chair of the Management and Organizations Department and the Andre J.L. Koo Professor of Management at Stern.
Professor Sundaram’s areas of expertise include agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives. He has published articles in Econometria, Journal of Economic theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies. He has authored two textbooks: A First Course in Optimization Theory (Cambridge University Press, 1996) and Derivatives: Principles and Practice (McGraw-Hill, 2010).
Professor Sundaram has received research grants from, among other organizations, the National Science Foundation. He has been awarded the Jensen Prize, was a finalist for the Brattle Prize, and won the Stern School’s first Distinguished Teaching Award.
He received his BA in economics from the University of Madras in 1982, and his MBA from the Indian Institute of Management, Ahemedebad in 1984. He was awarded his MA in economics from Cornell University in 1987, and his PhD in economics from Cornell in 1988. He joined the faculty of the University of Rochester in 1988, where he stayed until he joined Stern’s faculty in 1996.
Professor Sundaram was chosen as Stern’s Vice Dean for MBA programs in 2016. Among his achievements as Vice Dean were the creation of new, specialized one-year MBA programs, securing the support of business leaders such as Amazon, Microsoft, IBM, PayPal, and others, and Stern’s entry into online education.
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