Robert C. Merton appointed Distinguished Fellow of the Center for Financial Studies

23 September 2014

Robert C. Merton, CFS Distinguished FellowProf. Robert C. Merton, PhD has been appointed a Distinguished Fellow of the Center for Financial Studies (CFS). “We are honored to welcome the Nobel Laureate Robert C. Merton among our Distinguished Fellows,” Otmar Issing, President of the CFS, said. “The CFS is looking forward to collaborating with him and to sharing views and ideas about current research topics.”

Merton is the School of Management Distinguished Professor of Finance at the MIT Sloan School of Management and University Professor Emeritus at Harvard University. From 1988 to 1998 he was the George Fisher Baker Professor of Business Administration and between 1998 and 2010 the John and Natty McArthur University Professor at Harvard Business School. Merton earned his PhD in economics from the MIT in 1970 and joined the finance faculty of MIT Sloan School of Management until 1988, at which time he was the J.C. Penney Professor of Management. In 1997, Merton received the Alfred Nobel Memorial Prize in Economic Sciences for a new method to determine the value of derivatives. Furthermore, he received several academic awards and holds numerous honorary degrees. Next to his academic career, Merton is Resident Scientist at Dimensional Holdings, Inc. and serves on advisory boards of several companies and institutions.

Merton conducts research in the field of finance theory, including lifecycle and retirement finance, optimal portfolio selection, capital asset pricing, pricing of derivative securities, credit risk, loan guarantees, financial innovation, the dynamics of institutional change, and improving the methods of measuring and managing macro-financial risk.