Indian American finance professor Rangarajan Sundaram was announced Dec. 20 as the new Dean of the Leonard N. Stern School of Business at New York University.
NYU president Andrew Hamilton and provost Katherine Fleming made the announcement in a press statement forwarded to India-West, which noted that the Leonard N. Stern School of Business is one of the nation’s leading business schools and among the foremost providers of talent in finance and consulting, and more recently technology, fashion and luxury, and media and entertainment. The school boasts three Nobel Laureates amidst its faculty, including Thomas Sargent, Robert Engle, and Michael Spence.
Sundaram, who joined Stern’s faculty a little more than two decades ago, will begin serving as dean on Jan 1, 2018. He succeeds Peter Henry, who held the deanship since January 2010.
Sundaram is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance, and has been vice dean of MBA Programs since 2016.
“Stern’s reputation is such that it had an outstanding group of candidates for the dean’s post,” said Hamilton. “But in the end, the search committee found the best candidate here in our own midst. And rightly so.”
“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,” stated Hamilton.
Sundaram earned his MBA at IIT Ahmedabad, and his M.A. and Ph.D. in economics at Cornell University. He is the author of two texts: “A First Course in Optimization Theory,” published in 1996 by Cambridge University Press; and “Derivatives: Principles and Practice,” co-authored with Sanjiv Das, professor of finance at Santa Clara University's Leavey School of Business, published in 2010 by McGraw-Hill.
Sundaram’s scholarly interests include agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives. He has published extensively in these areas as well as in mathematical economics, decision theory, and game theory, with articles appearing in such journals as Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, according to a press statement released by NYU.
Sundaram has also received research grants from the National Science Foundation, and won the Jensen Prize – an annual prize given to authors with the best corporate finance and organization research papers published in the Journal of Financial Economics – in 2000. Sundaram was also the recipient of the Stern School’s inaugural Distinguished Teaching Award.