Finance Division Faculty Profiles

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Spencer Adams

  • Assistant Professor of Practice
Mr. Adams is an accomplished finance professional with over 20 years of experience as an investment banker and corporate financial executive. He has advised dozens of companies on a wide range of corporate finance and strategic initiatives and acted as lead banker on transactions with an aggregate value in excess of $2 billion. Mr. Adams has specific deal experience in initial public offerings, public and private equity offerings, convertible debt issuance, loan portfolio acquisitions/divestitures, corporate mergers & acquisitions, real estate investments, fairness opinions and financial restructuring. In addition to his investment banking background, Mr. Adams has served as the Chief Financial Officer for three emerging growth technology companies. He has extensive experience in corporate financial management and accounting, financial reporting, pricing, strategic planning, FP&A, capital management & treasury, venture capital raising, and general executive leadership. Mr. Adams received his BA in Political Science from the George Washington University where he graduated Magna Cum Laude and Phi Beta Kappa. He holds an MBA from the Amos Tuck School of Business at Dartmouth College.
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Ahmed Ahmed

  • Assistant Professor
Ahmed Ahmed is an Assistant Professor of Finance at Babson College. He earned his PhD and MA in Economics from the University of Chicago, Master in Finance from The Massachusetts Institute of Technology, Master of Mathematics in Actuarial Science from the University of Waterloo, and Bachelor's degree in Actuarial Science from the American University in Cairo. He is also a Chartered Financial Analyst (CFA) and a Fellow of the Society of Actuaries (FSA).

His primary research fields of interest are intermediary asset pricing, international finance and public-corporate finance. His secondary field of interest is development finance. He is particularly interested in how institutional investors, namely insurance companies and pension funds, respond to different types of policies and how they can contribute to financial instability. His research thus far has evaluated the response of institutional investors to both domestic and global monetary policy, to domestic fiscal incentives, and to domestic and global macro prudential policies.

Ahmed worked as a Senior Quantitative Analyst at Goldman Sachs. His policy experience includes working at the Bank for International Settlements (BIS), European Bank for Reconstruction and Development (EBRD) and the United Nations Development Programme (UNDP).
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John Ashburne

  • Visiting Assistant Professor of Practice
John J. Ashburne joined the Babson faculty as a part-time lecturer in the Fall of 2016. John has more than 30 years' experience in corporate and project finance serving the global energy, power, minerals and infrastructure sectors with senior level positions at major Wall Street firms and in the Treasury and Controllers' areas of multi-national diversified corporations. John is the lead principal at Black Horse Advisors, a financial advisory firm founded in 2007 focused on the renewable and conventional energy, power, infrastructure, metals, and mining industries. He has originated, structured and arranged more than $26 billion in capital for acquisitions, project and structured finance and leveraged recapitalizations in North and South America, Europe and Asia. Many transactions set new market precedents and his track record includes a “Top Ten Most Creative Deal of the Year” in Latin America project finance. Prior to founding Black Horse Advisors, Mr. Ashburne was a Director of Structured Commodity Products at Standard Bank, working with producers, consumers and investors in natural resources. Earlier positions were as Managing Director and Group Head in Project Finance for the Americas at Deutsche Bank Securities, at UBS, Barclays Bank, and starting at J.P. Morgan after graduation from business school. As Assistant Treasurer of Peter Kiewit Sons', Inc., a $6 billion revenues, privately owned diversified manufacturing company, he was responsible for all banking and rating agency relationships, negotiated debt financings, oversaw $1.1 billion in pension fund assets and managed currency and interest rate risks at both the investment grade parent company and at the non-investment grade subsidiary with global operations on five continents. As Assistant Controller of Turner Construction Company, he was responsible for project financial risk management, reporting and control for the corporation's 42 business units around the world. As Adjunct Lecturer at the New York University School of Continuing Professional Studies and at the John F. Welch School of Business at Sacred Heart University in Fairfield, CT, John has taught courses at the graduate level in Managerial Accounting and Business Valuations and at the undergraduate level in Investments and International Financial Management. Education: M.B.A. in Finance from the Tuck School of Business at Dartmouth College B.S., Magna Cum Laude, with concentrations in Management, Accounting and Finance from Northeastern University.
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Michael Bayer

  • Adjunct Lecturer
Michael Bayer has more than 20 years of expertise in finance, operations, technology and business development primarily for venture-backed technology companies. He currently serves as Chief Financial Officer for Wasabi Technologies, a provider of high performance cloud storage, and he was recently honored as a Boston Business Journal CFO of the Year. ​Michael's past experience includes CFO roles at organizations including ecommerce innovator MotherNature.com, where he managed the firm's IPO; optical networking company LightChip and storage appliance vendor Revivio, where he managed their acquisitions; iZotope, a provider of software and solutions for the audio industry; and a number of other companies across a wide array of technologies including software, mobile, ecommerce, healthcare information and cleantech. Bayer also co-founded RPM Communications, where he led the launch of a 100,000-user mobile social network. He began his career as a financial and investment consultant at BDO Seidman, and he also served in financial management roles at Avery Dennison. Currently, Michael is a member of the Steering Committee for The CFO Leadership Council, where he chaired the 2014 CFO Technology Conference. In the past, he was also a Clean Energy Fellow with the New England Clean Energy Council. A chartered financial analyst (CFA), Michael holds an MBA from Cornell University, where he was an Albert Fried, Jr. Fellow and a Bachelor of Science from Babson College. He also studied Computer Science and Economics at Brandeis University.
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Richard Bliss

  • Professor
  • National Academic Director - Goldman Sachs 10,000 Small Businesses
Dr. Bliss is a Professor of Finance at Babson College in Wellesley, Massachusetts. He has been involved in corporate and entrepreneurial finance since 1987, with industry experience that includes time at Touche Ross & Company in New York as a consultant, and senior financial positions at Van Camp Seafood Company and Safety One, Inc., a specialty chemicals start-up. He teaches at the undergraduate, MBA, and executive levels, specializing in the areas of Corporate Financial Strategy, Sustainability, Risk Management, and Entrepreneurial Finance. Prior to coming to Babson, Dr. Bliss was on the faculty at Indiana University and he has taught extensively in Central and Eastern Europe, including at the Warsaw School of Economics, Warsaw University, and the University of Ljubljana in Slovenia. He is a visiting faculty for the Technical University of Denmark's Certificate in Entrepreneurial Leadership Program in Copenhagen. He has developed and delivered customized corporate training programs for Bausch & Lomb, Lucent Technologies, Irving Oil, the Slovak American Enterprise Fund in Bratislava, Slovakia, the Foundation for the Establishment of the Futures Exchange in Warsaw and Bright China Management Institute in Beijing. Most recently, Dr. Bliss is a member of the Babson team helping to develop and deliver the curriculum for the Goldman Sachs 10,000 Small Businesses Program, a US$500 million initiative designed to create jobs and spur economic activity through greater access to business education, mentors, networks and financial capital. With publications in the areas of corporate finance, entrepreneurship, and banking, Dr. Bliss has an active research agenda. His current research considers the impact of gender teamwork on mutual fund manager investment decisions. His work has been published in the Journal of Financial Economics, Derivatives Quarterly, and The Journal of Small Business Management, among others. He has also written numerous book chapters and case studies in the areas of corporate financial strategy, risk management, entrepreneurial finance, and emerging markets. His book, Entrepreneurial Finance: Strategy, Valuation & Deal Structure, co-authored with Janet Kiholm-Smith and Richard L. Smith, was published in April 2011 by the Stanford University Press. Dr. Bliss holds a Ph.D. in Finance and M.A. in Economics from Indiana University. He has also received his M.B.A. in Finance/Real Estate from Indiana University and graduated with honors from Rutgers University, earning a B.S. degree in Engineering and a B.A. degree in Economics.
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Andrew Carfang

  • Adjunct Lecturer
Strategic private equity investor with a knack for spotting lucrative opportunities and driving impactful results. Investing focus in the Healthcare Services and Consumer sectors. Proven track record in financial analysis, deal structuring, forecasting, and portfolio optimization. Ready to bring my sharp expertise to elevate investment strategies and deliver superior returns.
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John Chaimanis

  • Adjunct Lecturer
Mr. Chaimanis is the Co-Founder and Managing Director of Kendall Sustainable Infrastructure (KSI), a private equity firm that makes direct investments in clean-energy projects. In 2005, Mr. Chaimanis began working in clean energy finance, which represents the nexus of his business interests with his passion for making a positive impact. After working with regional renewable energy project developers in the New England area, he joined a subsidiary of Edison International in California, where he acquired and developed 250MW of wind energy projects, investing over $500 million dollars. Mr. Chaimanis regularly advises clean energy startups, and consults with investors looking to understand the clean energy investment landscape. He has been featured in the 2014 Journal of Environmental Investing Most Influential Investors edition, the Family Office Review, and is the author of an energy investment business case. Mr. Chaimanis speaks frequently on the topic of clean energy finance and is an adjunct faculty member at Babson College. Prior to his career in clean energy investing, Mr. Chaimanis was a founder of a charter school in the greater Boston area. Mr. Chaimanis holds an M.B.A. from Babson College, a B.S. in Finance from Villanova University, and has earned certification from US SIF for Sustainable and Responsible Investing (SRI).
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Jaime d'Almeida

  • Adjunct Lecturer
Jaime d'Almeida is a Principal at d'Almeida Consulting LLC. He has managed hundreds of valuation engagements, has over 25 years of experience in economic and valuation analysis and consulting, and has provided both deposition and trial testimony on valuation and damages issues. He received his M.B.A. in entrepreneurship from FW Olin Graduate School of Business at Babson College and his B.S. in electrical engineering/engineering and public policy from Carnegie Mellon University. Jaime is also an Accredited Senior Appraiser of the American Society of Appraisers, and a Certified Fraud Examiner. He is a frequent speaker and author and his corporate finance expertise has been featured in publications such as Business Valuation Review, Valuation Strategies, Law360.com, ABI Journal, and the Value Examiner.
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Ryan Davies

  • Professor
Ryan J. Davies is a Professor of Finance. He teaches advanced undergraduate and graduate finance electives, including Financial Trading Strategies and Risk Management, Fixed Income and Structured Products, Financial Markets and Institutions, Security Valuation, Options and Futures, and Capital Markets. He is passionate about experiential learning and incorporates trading simulation software and real-time market data into all of his courses. He is the faculty advisor for the Babson trading competition team, which has been very successful at the annual Rotman International Trading Competition. He formerly served as faculty advisor for numerous award winning undergraduate business case competition teams. He was Chair of the Finance Division from July 2016 to August 2020 and January 2022 to June 2023.

Professor Davies has been a visiting academic scholar at Paris-Dauphine University, the University of the West Indies, the University of Illinois, the University of New South Wales, and Boston College. Prior to joining Babson College in 2004, he was a lecturer for three years at the ICMA Centre of the University of Reading in England. He has taught in a Babson executive education course for Siemens, in the International Capital Market Association's International Fixed Income and Derivatives program, and in the HSE Executive MBA program in Seoul, Korea.

Professor Davies is an expert on financial market microstructure. His past research has examined diverse topics such as: the impact of European Union securities markets regulation (particularly MiFID); the role of market preopening sessions on price discovery; the usage of matched sample estimation to test for differences in trade execution costs; the effects of strategic end-of-quarter trading by mutual fund managers; and the response of financial intermediaries to an alleged manipulation of commodity futures settlement prices. He also helped develop a widely cited portfolio optimization method for funds of hedge funds. In recognition of the impact of this research, he won the Babson College Faculty Scholarship Award in 2011. His research has been published in peer-reviewed journals such as the Review of Financial Studies, the Journal of Finance, Journal of Financial Markets, Journal of Corporate Finance, Journal of Derivatives and Hedge Funds, Canadian Journal of Economics, Journal of Futures Markets, and Economics Letters.

Professor Davies is an Executive Advisor at ScottMadden Management Consultants. In that capacity, he has testified as an expert witness before the Alberta Utilities Commission. He is a member of the Board of Directors for Artisan Industries, Inc. and a Business Advisor to Moon Invest and Volos Portfolio Solutions LLC.
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John Edmunds

  • Professor
John C. Edmunds is Professor of Finance at Babson College. He has taught extensively at overseas MBA programs, including Instituto de Empresa in Madrid, Spain, INCAE in Central America and La Universidad Católica Madre y Maestra in the Dominican Republic, and two universities in Chile. He has also taught at other schools in the Boston area, including the Arthur D. Little School of Management, Boston University, the Fletcher School of Law and Diplomacy, Harvard University, Hult International Business School, and Northeastern University. He is a member of the Golden Key Society, and at Hult as well as Arthur D. Little he was voted Professor of the Year. He has lived in six countries and spent eighteen years abroad. He is fluent in Spanish and also speaks French. Dr. Edmunds's areas of interest are international finance, derivatives, capital markets, and emerging markets. He is the author of over 300 articles and cases published both in academic and practitioner journals. He has published five books. Over 150 of his articles are about Latin American capital markets and have been published in Spanish. Six of the most cited are “Financiar a Emprendedores,” Estrategia (Chile), “¿Cayendo al Segundo Lugar?” El Diario Financiero (Chile), “Iberoamérica necesita un Davos propio,” Expansión (Madrid), “Los Nuevos Ricos,” América Economía, “¿Cuándo Emergerá la Bolsa Emergente?” El Diario Financiero (Chile), and “El Valor Escondido de América Latina,” América Economía. Dr. Edmunds holds a D.B.A. in International Business from Harvard Business School, an M.B.A. in Finance and Quantitative Methods with honors from Boston University, an M.A. in Economics from Northeastern University, and an A.B. in Economics cum laude from Harvard College. He has consulted with the Harvard Institute for International Development, the Rockefeller Foundation, Stanford Research Institute, and numerous private companies.
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Yaman Erzurumlu

  • Adjunct Lecturer
Yaman O. Erzurumlu, CFA is a Visiting Research Scholar at Babson College. He earned his PhD in Finance from University of Central Florida. Dr. Erzurumlu also teaches graduate level courses at Bahcesehir University Istanbul. Dr. Erzurumlu has been a visiting academic scholar previously at Istanbul Technical University, Sabanci University, and Bilgi University.
His main research interest areas are mutual and pension funds, ESG, innovation and entrepreneurial finance, and application of machine learning and AI in finance. He published in journals including Technovation, Emerging Markets Finance and Trade, World Patent Information, Resources Policy, IEEE Transactions on Engineering Management.
Dr. Erzurumlu has been working in industry university collaborative projects as academic consultant granted by Turkish Scientific Association in fields of risk management, application of AI in Fintech product development and Marketplace application in Banking Industry. He sits in the board of risk management companies in Turkey. He is also partner in a professional theater company Kumbaraci50 for the past 25 years.
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Erin Degnan Escobedo

  • Assistant Professor of Practice
  • George E. Sly '53 Term Chair in Real Estate Management
Erin Degnan Escobedo teaches Babson's real estate curriculum and has designed several courses within the curriculum. She is a licensed attorney in Massachusetts and Florida and a licensed real estate broker in Massachusetts. Erin has practiced law since 2004, focusing her practice primarily on real estate law, corporate transactions, and commercial litigation. She has extensive experience representing Fortune 500 companies and individual clients as a litigator and transactional attorney with Shutts & Bowen LLP in Miami, FL. Erin later worked as an Associate General Counsel to a NASDAQ-listed, real estate corporation engaged in home building, land development, and other real estate operations in multiple states and managing approximately $545,000,000 in total assets.

Prior to joining Babson, Erin was a Lecturer at the University of Miami School of Business Administration in Miami, FL and a Visiting Assistant Professor at Florida International University College of Law.

At Babson, Erin designed and teaches the following courses: FIN 7566 Real Estate Transactions, FIN 9510 Residential Real Estate: Acquisition, Disposition, Finance and Leasing, FIN 3511 Residential Real Estate, and FIN 3512 Real Estate Transactions and Law. Erin also teaches FIN 7578 Real Estate Development, which she redesigned as an intensive elective, and FIN 3555 Real Estate Investment. She also teaches LAW 1000 Business Law & Ethics.
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Steven Feinstein

  • Associate Professor
Dr. Feinstein's research and teaching specialties are investments, valuation, equities, bonds, derivatives, and forensic finance. His articles on these subjects have appeared in The Review of Quantitative Finance and Accounting, The Journal of Risk, Derivatives Quarterly, Primus, The Atlanta Federal Reserve's Economic Review, American Bankruptcy Institute Journal, Risk Management, Journal of Financial Planning, and The Portable MBA in Finance and Accounting.

Dr. Feinstein is the Founder and President of Crowninshield Financial Research, Inc., a consulting firm that conducts economic and financial research and provides expert analysis and opinions relating to securities, investments, financial markets, and complex business litigation. Professor Feinstein has provided analysis and testimony in class action securities lawsuits, ERISA cases, the qui tam yield burning cases, derivatives valuations, and complex business litigation. Prior to entering academia, Dr. Feinstein was an economist at the Federal Reserve Bank of Atlanta.
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Michael Goldstein

  • Professor
  • Donald P. Babson Professor of Applied Investments
Dr. Goldstein is the Donald P. Babson Chair in Applied Investments and is a Professor of Finance at Babson College. Previously, he was the inaugural Faculty Director of the Master of Science in Finance Program at Babson College.

Currently, he is Editor-in-Chief of Financial Management, Editor of Weather, Climate, and Society (a journal of the American Meteorological Society), and Senior Editor of Journal of Climate Finance. Previously, he was Editor-in-Chief of The Financial Review. He also serves on the editorial boards of Journal of Financial Markets, Finance Research Letters, International Review of Financial Analysis.

He was an Honorary Professor at Queen's University – Belfast (UK), a Visiting Professor at Trinity College – Dublin (Ireland) and at The University of Sydney (Australia). He is a Visiting Professorial Fellow at the Climate Change Research Center in the Faculty of Science at the University of New South Wales (UNSW), Australia. Dr. Goldstein was Chair of the Economic Advisory Committee for the Financial Industry Regulatory Authority (FINRA), and has served as a panelist on three SEC roundtables. He also served as Chair of the NASDAQ Economic Advisory Board for 2005. From August 1997 to July 1998, Dr. Goldstein was the Visiting Economist at the New York Stock Exchange, the eighth academic to hold this one-year post. Prior to this position, he advised the Deputy Prime Minister of Poland on Poland's privatization program. He also worked as an Investment Banker with Merrill Lynch Capital Markets in their Financial Institutions and Japan Banking groups. He also consults and advises major security firms and Fortune 100 companies.

Dr. Goldstein's research specialty is examining the structure of markets. He also works in climate change, and has received two National Science Foundation (NSF) grants related to the Arctic Economy. He also does work on dividends, real estate, asset pricing, and privatization and has presented at numerous conferences worldwide.

His papers have been published in major finance academic journals, including The Journal of Finance, The Journal of Financial Economics, The Review of Financial Studies, The Journal of Financial and Quantitative Analysis, Management Science, and The Journal of Financial Markets, and in science/climate journals, including Climatic Change, Scientific Reports (a Nature journal), and Water Resources Research (a journal of the American Geophysical Union).

He has taught in Babson's undergraduate, MBA, and Executive Education programs. He has also taught at Boston College and at the University of Colorado at Boulder, where he received the Proctor & Gamble Teaching Excellence Award.

Dr. Goldstein has been interviewed by many national and international media groups, including print, television and radio. Other areas of expertise include: Climate Change, Dividends, Real Estate Investment, Stock Market, Market Structure and Trading Costs.
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Patrick Gregory

  • Associate Professor of Practice
  • Managing Director, Stephen D. Cutler Center for Investments and Finance
  • Director of the Babson College Fund
Patrick Gregory, CFA is the Managing Director of the Stephen D. Cutler Center for Investments and Finance, the Director of the Babson College Fund, and a Senior Lecturer in the Finance Division at Babson College. In this role, he oversees Babson's state-of-the-art investments lab, signature learning experiences like the Babson College Fund, and thought leadership events that position Babson at the forefront of finance education.

Before joining the faculty, Patrick was an institutional portfolio manager at FM Global from 2007-2015, where he managed the Healthcare, Internet, and Telecom sectors of a $6 billion equity portfolio. He was also responsible for the evaluation, selection, and ongoing evaluation of third-party investment managers. As a result, Patrick is a member of the Board of Trustees' Investment Committee, which is responsible for managing the College's endowment.

Prior to working at FM Global, Patrick was a full-time faculty member at Bentley College from 1998-2007. While at Bentley, he was the Director of Graduate Programs in Finance, where he coordinated the development of two AACSB-accredited Master's degree programs. He then served as the Managing Director of the Hughey Center for Financial Services, providing strategic direction for the Center's research, teaching, and asset management activities. While at Bentley, Patrick was the recipient of the Davis Fellowship, Innovation in Teaching Award, and Masnicki Award.

Patrick is a member of the Board of Directors for CFA Society Boston. Until recently, he was also the Lead Instructor for Kaplan Schweser's Chartered Financial Analyst® (CFA®) programs in Boston, which are offered in partnership with CFA Boston.

Patrick is the co-author of Why Stocks Go Up and Down and author of two editions of Financial Management: A Guide to Value Creation. Given his academic and industry experience, he has appeared on CNN and CNBC and provided commentary to a number of news sources including the Wall Street Journal, Business Week, The Boston Globe, and the LA Times.
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Paul Griesmer

  • Associate Professor of Practice
  • Anne Tamer Hajjar Charles C Hajjar '86 Term Chair in Real Estate
Paul Griesmer CRE, FRICS is a Lecturer and real estate professional with over 30 years of extensive experience providing a range of professional real estate services including:

• Transaction Structuring and Negotiation of Agreements
• Valuation of Properties, Portfolios, Debt, Mezzanine and Equity Interests
• Financial Projections and Proforma's
• Market Studies and Financial Feasibility Studies
• Management Oversight of Design, Development and Construction Projects
• Restructurings and Bankruptcies of Troubled Properties, Portfolios and Companies
• Due Diligence on Acquisitions, Investments, and Development Projects
• Corporate Real Estate Strategy and Site Selection
• Negotiation of Acquisitions and Dispositions
• Litigation Support and Expert Witness Testimony

His real estate finance and development experience includes hotels, resorts, office buildings, retail, residential, mixed use projects, marinas, cell towers, lease-hold interests, real estate options, property portfolios, loans, loan portfolios, complex partnership interests, equity and condominium interests, and real estate management companies. His corporate real estate advisory work also includes site selection, location analysis, portfolio rationalization, headquarters financings, sale-leaseback transactions, ground leases and acquisition and disposition of real property.

Previously, he was a Senior Managing Director with bankruptcy and debt workout consulting firm where he provided professional services in real estate bankruptcy, loan portfolio disposition, litigation support, valuation and due diligence on office, hotel and resort, retail and development properties, portfolios and companies throughout North America. Previously Mr. Griesmer was a Real Estate Consulting Partner with a big four accounting firm.

Mr. Griesmer has extensive civic and government volunteer experience. In his hometown, he is one of three elected members of the Board of Assessors and has been an elected representative to Town Meeting for over 20 years. He is currently the Chairperson of the town's Charter and By-Law Review Committee. He volunteered on the Finance Committee for 12 years including 4 years as Vice Chairperson and 2 years as Chairperson. He has served on the Town Meeting Practices and Rules Committee, the Town Counsel Screening Committee, the Conservation Fund Study Committee and the Zoning Classification Study Committee.

Mr. Griesmer received a B.S. in Agricultural Economics from Cornell University, an M.P.S. in Hotel Administration from Scholl of Hotel Administration at Cornell University and an MBA in Finance and Accounting from the Johnson School of Business at Cornell University. He is a designated member of the Counselors of Real Estate (CRE) and a Fellow in the Royal Institute of Chartered Surveyors (FRICS). He is also a certified general real estate appraiser and a licensed real estate broker in the Commonwealth of Massachusetts. He has chaired several municipal committees that have reviewed or developed zoning bylaw changes.
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Jia Hao

  • Associate Professor
  • Zwerling Family Endowed Term Chair
Jia Hao is an Associate Professor of Finance at Babson College. Prior to joining Babson, Professor Hao taught courses in undergraduate, MBA, Executive Master, and PhD programs at Chinese University of Hong Kong and Wayne State University, where she received the “Faculty Teaching Merit Award” in 2017 and the “Distinguished Teacher Award” in 2010, respectively. She was also a visiting academic scholar in Ross School of Business, University of Michigan.

Dr. Hao earned her PhD in Finance from David Eccles School of Business, University of Utah. Her research focuses on market microstructure and its interaction with corporate finance and asset pricing. She has published in leading academic journals including the Journal of Finance, Review of Financial Studies, Journal of Financial Market, Financial Review, and Journal of Information System. She has presented her work at numerous professional conferences such as Western Finance Association annual conference and Financial Management Association International annual conference, where her papers won the Best Competitive Paper Award in Market Microstructure sponsored by NASDAQ in both 2011 and 2012.
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Jasmina Hasanhodzic

  • Assistant Professor
Jasmina Hasanhodzic is an Assistant Professor of Finance at Babson College. Her recent research lies at the interface of finance and public finance. She has developed innovative large-scale simulation techniques to analyze features of markets such as generational risk and equity premium. She has also done work in empirical and behavioral finance, some of which gave rise to retail investment products. She co-authored two books on technical analysis, published by Wiley. Her research has been cited by The Economist, the Financial Times, and The New Yorker. She received a Ph.D. in Economics from Boston University, where she was an NBER/Sloan Pre-Doctoral Fellow. She also holds a Ph.D. from MIT's Department of Electrical Engineering and Computer Science and a B.S. from Yale University. Prior to beginning her academic career, she worked at the hedge fund AlphaSimplex Group and at Credit Suisse.
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Kathleen Hevert

  • Associate Professor
Dr. Kathleen Hevert is an Associate Professor of Finance at Babson College. Prior to joining Babson, Dr. Hevert was an assistant professor of finance at the Wallace E. Carroll School of Management at Boston College. She designs and delivers general and specialized finance courses at the graduate, undergraduate, and executive levels, and was twice selected by the Babson College F.W. Olin Graduate School of Business graduating classes to receive the Thomas Kennedy Award for Teaching Excellence. Professor Hevert specializes in long-term strategic capital investment decisions, and has a particular interest in the application of option pricing models to real-asset acquisition decisions. She also studies the long-term performance effects of serial acquisition strategies. Her research has been published in academic journals including Financial Management, The Journal of Portfolio Management, The Journal of Applied Corporate Finance, and The Journal of Business Venturing. Dr. Hevert designs and conducts executive education programs in basic corporate finance, capital investment decisions, real options, and other related topics for clients including General Electric, Johnson & Johnson, U.S. Steel, Infineon Technologies, EMC and many others. In addition, she works with a variety of firms on related special projects.
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Wendy Jeffus

  • Adjunct Lecturer
Wendy Jeffus joined Babson's faculty in 2011. She has industry experience at Merrill Lynch where she worked with a team of investment advisors who managed private client assets. She has also worked as a litigation consultant where she analyzed cases involving currency derivatives and tax matters. Dr. Jeffus holds a Masters of Business Administration from Texas Christian University, a Masters of Science in Finance from Boston College, and a Doctorate of Business Administration from Southern New Hampshire University. She is a member of the American Finance Association and the Financial Management Association. Dr. Jeffus has published papers on the topics of foreign direct investment in Latin America and shareholder wealth effects from acquisition announcements. She has taught courses in finance and international business at Boston College, Clark University and Harvard Summer School. She has also delivered lectures in Canada, Morocco, Spain, and the United States. Other areas of expertise include: Sustainable and Responsible Investing and Private Equity.
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Laurie Krigman

  • Professor
  • Faculty Director of the Master of Science in Finance Program
Laurie Krigman is a Professor of Finance at Babson College. Dr. Krigman specializes in the study of initial public offerings, investment banking and corporate finance. She has presented her work at numerous professional conferences and has published in leading academic journals including The Journal of Finance, The Journal of Financial Economics, the Review of Financial Studies and the Journal of Corporate Finance.

Previously, Dr. Krigman was on the faculty at the University of Arizona where she taught at the undergraduate, M.B.A and Ph.D. levels. Prior to returning to academics, she was a money manager with Trinity Investment Management Corporation. She holds a Ph.D. in Finance and Econometrics from the University of Colorado; an MBA in Finance/International Business from Syracuse University; and a B.A. in Economics from William Smith College.
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Mattia Landoni

  • Adjunct Lecturer
Mattia Landoni is an Adjunct Lecturer teaching Managing Portfolios. He has also taught graduate and undergraduate classes, online and in-person, at Southern Methodist University in Dallas since 2014, and is a Senior Financial Economist at the Federal Reserve Bank of Boston. He holds a Ph.D. degree in financial economics from Columbia Business School and is a CFA charterholder. He also holds a Master of Public Policy degree from the Sanford School of Public Policy at Duke University and a B.A. in public administration from Bocconi University in Milan, where he was born.

Professor Landoni's main research interest is the design and impact of regulation and institutions in financial markets. His research has covered topics such as the behavior of lenders in the bilateral repurchase agreement market, the behavior of underwriter-affiliated dealers during bond issuance events, banks' use of rights offerings to raise capital, the taxation of capital income from securities and cryptocurrencies, the optimal design of tax-advantaged retirement accounts, and the tax-efficient design of municipal securities. His research has been published in the Journal of Finance, the Journal of Financial Economics, Tax Notes, and other publications.
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Stephen Lanzendorf

  • Adjunct Lecturer
Stephen Lanzendorf has more than 25 years of experience investing for mutual funds and other institutional clients. He was the Head of Active Equity Portfolio Management at QS Investors. He was also the Deputy Chief Investment Officer at Batterymarch Financial Management, where he directed a team of systematic portfolio managers and quantitative research analysts. He currently invests in and advises emerging technology companies in a wide range of applications. Mr Lanzendorf holds BS and MS degrees in Nuclear Engineering from the Massachusetts Institute of Technology. He is a member of CFA Society Boston, and the Chicago Quantitative Alliance.
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Jack Long

  • Adjunct Lecturer
  • Head Men's and Women's Alpine Skiing Coach
Jack Long was a forensic financial analyst and expert at Crowninshield Financial Research, Inc., a financial economics consulting firm. He holds a Bachelor of Science degree in Computational & Mathematical Finance and Accounting from Babson College. He also earned a Master of Science in Finance degree from the F.W. Olin Graduate School of Business at Babson College. Prior to his work at Crowninshield, Jack co-founded Volos Portfolio Solutions, LLC, a financial technology company. As the head of operations and finance at Volos, he was responsible for the Company's product development, finances, and strategy. He and his team developed a methodology and software platform for converting the trade opinions of sophisticated investors into optimized trading strategies. Jack has worked on over 50 securities cases involving equities, fixed income securities, and derivatives. his work has covered a broad array of industries including defense, biotechnology, consumer products, utilities, financial services, oil and gas, pharmaceuticals, and technology. His work in securities cases includes assessing market efficiency, evaluating loss causation, and estimating damages on per share and classwide bases. He has provided support to experts in numerous securities fraud class action matters, including but not limited to: City of Westland Police and Fire Civil Action Retirement System v. MetLife Inc.; David N. Zimmerman vs. Diplomat Pharmacy, Inc.; Fadi Dahhan v. OvaScience, Inc.; In re BHP Billiton Limited Securities Litigation; In re Chemical and Mining Company of Chile, Securities Litigation; In re Equifax, Inc. Securities Litigation; In re Flowers Foods, Inc. Securities Litigation; In re Grupo Televisa Securities Litigation; In re Insys Therapeutics, Inc. Securities Litigation; In re: Valeant Pharmaceuticals International, Inc., Securities Litigation; In Re: Volkswagen “Clean Diesel” Marketing, Sales Practices, and Products Liability Litigation; Michel Desta v. Wins Finance Holdings Inc.; Monroe County Employees' Retirement System and Roofers Local No. 149 Pension Fund vs. The Southern Company; Nikki Bollinger Grae v. Corrections Corporation of America; Norfolk County Retirement System v. Community Health Systems, Inc.; Oklahoma Firefighters Pension and Retirement System vs. Lexmark International, Inc.; Pearlstein v. BlackBerry Ltd.; Steven Knurr v. Orbital ATK, Inc.
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Kerri McKeever

  • Visiting Assistant Professor of Practice
Kerri McKeever, CFA has 20 years of experience within the Investment Management industry and currently serves as the Treasurer and Executive Board Member of Empower Her Network. Most recently, Kerri was an institutional relationship manager and investment strategist for Amundi (Pioneer) Asset Management, supporting the portfolio management team. Before joining Pioneer, Kerri was an institutional investment consultant at Rocaton Investment Advisors, she was a generalist consultant focusing on asset allocation, manager selection and ongoing portfolio monitoring. Her prior roles included assistant portfolio manager and analyst at Income Research & Management for their private client business. She was also a bond trader and analyst at Eastern Investment Advisors. Kerri taught personal finance at Berklee College. Kerri received both her bachelor and MBA degrees from Babson College, where she was Valedictorian of her MBA class. Since graduating, Kerri has remained an active member of the Babson community as a Cutler Center Mentor, guest speaker and athletics supporter.
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Glenn Migliozzi

  • Associate Professor of Practice
Glenn T. Migliozzi, CFA, is a Associate Professor of Practice in the Finance Division with courses in Personal Finance, Principles of Finance, Fixed Income, Alternative Investments, and Business Ethics. He has over 30 years of experience in the financial services field starting with positions in banking, corporate finance, and private placements. He also has headed up two global fixed income departments in Boston and Chicago. Later in his career, Glenn founded a hedge fund to capitalize on the market inefficiencies in the credit markets.
Glenn received a B.S. in Economics from the University of New York at Albany and a Master of Science in Management from the MIT Sloan School of Management with Finance concentration. Glenn serves on the Investment Committee for MetroWest Legal Services. Glenn also is a volunteer at the CFA Society Boston where he teaches financial literacy to high school students.
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John Morgan

  • Adjunct Lecturer
John Morgan joined the Babson faculty as an adjunct lecturer in 2022. John has more than 25 years experience in the financial services industry. Today he is a partner, portfolio manager and strategic advisor to start-up companies at Morgan Capital Family Office, LLC. He runs a balanced equity portfolio, invests in real estate and multiple start-up companies and is a lecturer on global investing at The Johnson Business School at Cornell University.
John began his career at Putnam Investments in institutional sales and marketing where he worked for seven years and became a Vice President before he left for business school at Cornell University. After he graduated, he returned to Putnam and became a global equity analyst covering the industrials, energy and materials sectors and spent over 10 years working on U.S. and international investment teams, eventually becoming the lead portfolio manager for the Putnam Global Resources fund. In 2012, John was hired by Epoch Investment Partners as a co-portfolio manager and senior equity analyst covering the industrials, consumer, healthcare and technology sectors for the International and Global Small Cap Funds. He became the lead portfolio manager and the Chief Investment Officer in 2017. In 2020, John joined Corbin Advisors a corporate strategy and investor relations firm as Senior Vice President and head of Corbin's Advisory Business, overseeing all retainer clients and managing a team of corporate strategy and investor relations specialists.
John holds a BA from Denison University, an MBA from the Johnson School at Cornell University and is a CERTIFIED FINANCIAL PLANNER and CHARTERED RETIREMENT PLANNING COUNSELOR.
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Tony Okoromadu

  • Visiting Associate Professor of Practice
Tony spent near thirty years in industry before switching full-time to academia. He holds a bachelors degree in engineering (Ibadan, Nigeria), an MBA (IESE, Barcelona, Spain), a masters degree in economics (Texas A&M), and is currently completing a doctorate degree in business administration. He has lived and worked in three continents (Europe, Africa, North America) and is at ease in different cultures and work environments. Multicultural and multilingual, he speaks five languages, including English and Spanish; and has a rudimentary knowledge of Latin and French.

In the course of his career, Tony has led and managed multiethnic and multinational interdisciplinary teams, at various times across different countries, and been credited with galvanizing team members' different individual talents, personalities and perspectives, while enthusiastically directing these towards a shared set of objectives. In consequence, his teams stood out and were acknowledged for their harmony and strength of will. He has also mentored and developed dozens of young managers who have themselves gone on to chart successful professional paths of their own in different parts of the world. He has more than three decades of active volunteer involvement with NGOs in projects for the less fortunate and for underserved communities.

Industry

Tony's career trajectory has enabled him accumulate international management experience in diverse industry sectors: engineering, business and management consulting, finance, economic development, executive business education, media, nonprofits, technology. Responsibilities included: business development; financial, market and industry analysis; business analysis; data deployment; strategy; marketing; corporate relations; research; stakeholder engagement; customer service; organizational change.

Several of these roles required developing business, economic and market intelligence solutions to support various international business ventures. He places particular emphasis on presenting complex material in ways that are easy to understand, and has pioneered new methods for various procedures and processes to achieve greater efficiencies, several of which continue to be used by the respective organizations. He strives in his approach to be driven by a constant quest for solutions and efficiencies, by a proactive problem anticipation stance, a continuous curiosity, and an active learning disposition.

International business, markets, economics and finance are fond specialties, and in the course of his career he has authored several publications including, among other works, a volume on select emerging economies and their markets, published in London, United Kingdom, which serves as a resource for companies in over twenty-two countries around the world, helping them make business decisions involving those regions; this work has been adapted to become an academic textbook on the subject of development economics. Among his publications is a business case study that is managed and distributed internationally across hundreds of business schools and universities by the world's oldest and largest repository of case studies - The Case Centre, United Kingdom; in it he explores the global expansion strategies of two of the world's largest automotive industry multinationals. His publications portfolio also includes a co-authored peer-reviewed academic paper in an engineering journal (Elsevier); hundreds of op-eds spanning themes as diverse as philosophy, literature, business, economics; etc.

Tony's intellectual and professional competences have received enthusiastic endorsements from prestigious quarters around the world, including at the Financial Times (UK), the AACSB (USA), INSEAD Business School (France), The Economist (UK), London Business School (UK), etc. They have also been recognized through a variety of merit-based awards such as the Chevening Scholarship from the United Kingdom Government.

Academia

The years since 2019 have been spent as a member of the professor of practice teaching faculties at Mays Business School (Texas A&M University), and Babson College, Massachusetts, teaching a range of business courses and modules - both in-person and online, and sometimes in a hybrid of the two formats - at undergraduate and graduate levels. Some of these are: International Finance, Financial Management, Corporate Finance, Macroeconomic Environment of Business, Managerial Economics, International Business, Global Context of Business, Business Strategy, Financial Statements Analysis, Managerial Accounting, Business Ethics, etc. He has also been responsible for curriculum development, faculty-led study abroad initiatives and various service assignments; a number of which were personal initiatives.

Tony considers this academic segment, without a doubt, to be the most fulfilling phase of a 30+ years working career. It has enabled him to further hone a talent for expressing complex material in ways easy to understand, while making them engaging at the same time. He is a strong proponent of bringing the real world into the classroom and adopts the case study method as frequently as is appropriate to the subject content; in the same vein, he routinely looks to adopt and integrate relevant real-time contemporary events into his teaching as they unfold, seeing how this aids the student's conceptualization and understanding of the subject matter. This approach has led him to realize how his prior experience across diverse industry sectors and in varied roles provides a rare versatility at teaching different subjects of a business curriculum to a high standard. He continuousy discovers valuable (and humbling) repercussions to this ability: students (of their volition) communicate that they are motivated and inspired, and that they leave with a greater and more secure confidence and sense of self, besides a deeper understanding of the specific course material. His constant mantra, which he passes on to his students is: "You Can Change the World!”; and - credit to them - they often come away enthused at the prospect of impacting society, using the knowledge and skills their college education presents them with.

Oblivious to it, these students illustrate the ways - no matter how small - in which an instructor is able to positively contribute to the development of another human person. In so doing, the students - again, oblivious to themselves - teach priceless lessons about how much one inexorably learns from the group of young and eager minds in one's classroom. These are but some of the invaluable joys that work in academia brings, and a reason Tony considers it a privilege to have a university career for an occupation.

All this notwithstanding, most important and above everything else, Tony is privileged to be a proud husband to a priceless wife, Lisa.
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Norman Pedersen

  • Adjunct Lecturer
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Mark Potter

  • Professor
  • Division Chair
  • Barefoot Term Chair in Finance
Mark Potter, Ph.D., is a Professor of Finance at Babson College.

Dr. Potter has been at Babson College since 1995, teaching over one hundred courses at the undergraduate, graduate and executive education levels spanning a myriad of topics that includes investments, corporate finance, derivatives, and international finance. In the past five years, he has worked with companies in the consumer services, medical device, high technology, financial services, and litigation support industries.

Professor Potter's areas of expertise includes investments and portfolio performance, behavioral finance, and alternative investment strategies. His research has appeared in the Journal of Portfolio Management, Journal of Business Finance and Accounting, Journal of Financial Research, Journal of Alternative Investments, Journal of Financial Education, Mergers & Acquisitions, and Derivatives Quarterly, among others. His work has also been featured in the Wall Street Journal, Kiplinger's, and CFA Digest.
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Elizabeth Randall

  • Adjunct Lecturer
Elizabeth Randall, CFA, joined the Babson faculty as an adjunct lecturer in 2022. Elizabeth began her career at Harvard Management Company. She had various roles there including as a foreign fixed income Portfolio Manager. In 2005 she joined Convexity Capital Management as a Portfolio Manager in foreign exchange, foreign fixed income, as well as inflation-linked securities. Additionally, she served on the risk and oversight committees.

Elizabeth has been a CFA charterholder since 1997 and is a member of the Boston Economic Club.
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Joel Rubano

  • Adjunct Lecturer
Joel Rubano is an energy commodity trader with twenty years of experience at merchant trading companies, deregulated utility subsidiaries, a hedge fund, and an international oil producer. He has been responsible for hedging the financial exposures of a multi-billion dollar asset portfolio and has speculatively traded oil, natural gas, coal and electricity on an institutional scale.

In 2016, he published Trader Construction Kit, a practical guide to developing the skills and techniques employed by professional traders at financial institutions. In 2017 Mr. Rubano published A Comparison of Current Academic and Industry Pedagogies for Developing Traders on SSRN.

In 2018 he founded Instradev, LLC (a portmanteau of Institutional Trader Development), a consultancy specializing in academic and industry trader development. Mr. Rubano has developed and presented multi-day industry training courses and lectured undergraduate, masters, & MBA classes on trading and risk-management topics.

In addition to teaching at Babson College, Rubano is a Lecturer at the J.P. Morgan Center for Commodities and Energy Management at the CU Denver Business School, where he developed and teaches the Masterclass in Commodity Trading & Hedging and the Commodity Trading graduate class. He is also an Associated Fellow of the Erasmus Commodity & Trade Centre at Erasmus University in the Netherlands.

Mr. Rubano holds a BS in Managerial Economics from Carnegie Mellon University and a Master of Science in Finance from University of Massachusetts Lowell.
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Syed Shams

  • Adjunct Lecturer
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Luke Stein

  • Assistant Professor
Luke Stein is an Assistant Professor of Finance at Babson College. He earned his PhD in Economics from Stanford University, and an AB in Applied Mathematics with a Citation in Japanese Language from Harvard University.

Prior to joining Babson, Dr. Stein taught finance and economics courses at the high school through PhD levels at Stanford University and Arizona State University.

His commitment to students has been widely awarded, including as Babson's 2022 "Graduate Professor of the Year," selected by the graduating class as the faculty member "who personifies teaching excellence at the graduate level and whose personal standards of quality and caring extend beyond the classroom." He has also received Stanford University's Gores Award, the university's "highest award for excellence in teaching." Dr. Stein is also a recognized leader in helping college faculty around the world implement technological solutions for effectively teaching remotely.

His main research interests lie at the intersection of corporate finance and labor economics, including work on financial history, entrepreneurial finance, financial uncertainty, and the economics of discrimination. He has published peer-reviewed papers in the Review of Financial Studies, Journal of Corporate Finance, and Economic Journal.

Dr. Stein worked in New York and Tokyo as a consultant on corporate strategy and private equity due diligence with Bain & Company. He also served on the Obama-Biden Presidential Transition Team, and in the Office of Strategic Initiatives at the New York City Department of Education.
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Jerome Taillard

  • Professor
  • Professor George Troughton Term Chair in Finance (funded by Trustee Tim DeMello '91, P'18)
Jerome Taillard is Professor of Finance at Babson College, and the first recipient of the Professor George Troughton Term Chair in Finance. He earned his PhD in Finance from The Ohio State University in 2010. He also received a Graduate degree in Economics from the Study Center in Gerzensee (Switzerland) and his Undergraduate degree in Mathematics applied to Finance from the University of Neuchâtel in Switzerland.

Professor Taillard has been recognized for teaching excellence with the Carroll School of management school-wide teaching award in 2012, Babson College school-wide teaching award in 2019, the Thomas Kennedy Award in 2020, and was voted Best 40 Under 40 and Best Professor the Class of 2019 by Poets and Quants. He taught at the Wharton School in 2018 and at MIT in 2022.

His main research interests are in corporate finance, specifically in the areas of risk management, energy finance, innovation, and governance. He has published his research in the Journal of Finance, Review of Financial Studies, Journal of Financial Economics, and Management Science, among others. He received the prestigious Michael Brennan Award for Best Paper published in the Review of Financial Studies in 2017.

Professor Taillard is committed to staying current with best practices. He is an exam reviewer for the Global Association of Risk Managers (GARP) and participates regularly in sessions with executives at the Babson Executive Center.
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Linghang Zeng

  • Assistant Professor
Linghang Zeng joined Babson College as an Assistant Professor of Finance in 2019. He taught various courses at both the undergraduate and gradate level including FinTech, Principles of Finance.

His research interests include macro finance, labor and finance, and household finance. His papers have been published in Review of Financial Studies, Management Science, Journal of Monetary Economics, Journal of Financial and Quantitative Analysis and presented at many conferences such as NBER Summer Institute, American Finance Association, Western Finance Association, SFS Cavalcade, and European Finance Association. His research has won Best Paper on Fintech from Financial Management Association in 2022, Best Paper Award from Dayton Summer Finance Workshop in 2021, Best Paper on Firm Growth and Innovation from Northern Finance Association in 2019, Best Paper on Corporate Finance/Responsible Finance from Northern Finance Association in 2018, and Third Place from Chicago Quantitative Alliance Academic Competition in 2016.

Linghang Zeng received his Ph.D. in Finance from Georgia Tech. Before that, He received a Master's degree in Mathematical Finance from the University of Alberta and a Bachelor's degree in Industrial Engineering from Nanjing University.
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Jingshu Zhang

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