Deutsche Bank & New York University Stern School of Business form multi-year academic partnership
New York, Deutsche Bank and New York University Stern School of Business today announced a multi-year academic partnership designed to support and expand education and research related to risk management and financial regulation. The Volatility Institute at NYU Stern, directed by Nobel Laureate Robert Engle, will coordinate the program.
As part of the relationship, Deutsche Bank will fund course design and teaching for risk management and financial regulation at the doctoral level within the School’s Finance Department. The funding will also support research at two NYU Stern research centers, The Volatility Institute and the Salomon Center for the Study of Financial Institutions, as well as annual events addressing risk and regulation. These events include an annual conference on risk hosted by The Volatility Institute and a “research day” to present the results of research conducted by NYU faculty and other scholars to practitioners and the academic community.
“Strong risk management and robust financial regulation are the bedrock of a stable financial system,” said Hugo Banziger, Deutsche Bank’s Chief Risk Officer and a Member of the Management Board. “Deutsche Bank is committed to ensuring these are at the top of the agenda in the current regulatory reform debates and, with this partnership, we can help ensure they are also focal points in the education of future business leaders.”
“NYU Stern has long focused on risk management and regulatory issues in the financial services sector, and this is reflected in both faculty research and teaching at both the undergraduate and graduate levels,” according to Ingo Walter, Vice Dean of Faculty. “Constructive interaction between the academic world and key firms and regulators engaged in the financial sector can be highly productive in a dialogue that helps point to sensible solutions to evident risk control problems in a way that promotes the public interest.”
“We are delighted with this partnership with Deutsche Bank as it will link academics and practitioners and lead to a better understanding of risk in our financial system,” said Dean Peter Henry. “NYU Stern faculty have been at the forefront of thought leadership on financial issues for decades, and last year addressed systemic risk and its regulation in their book, ’Restoring Financial Stability’. This funding will provide further support for Stern’s continuing significant contributions to this body of literature.”
Earlier this month, Deutsche Bank announced a similar multi-year partnership with University of Chicago Booth School of Business to support and expand education related to risk management and financial regulation. As part of the relationship, Deutsche Bank will fund the creation of a new speaker series for Chicago Booth MBA students as well as a new summer conference for PhD students.
About Deutsche Bank
Deutsche Bank - NYSE: DB - is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.
About New York University Stern School of Business
New York University Stern School of Business, located in the heart of Greenwich Village, is one of the nation’s premier management education schools and research centers. NYU Stern offers a broad portfolio of academic programs at the graduate and undergraduate levels, all of them informed and enriched by the dynamism, energy and deep resources of the world’s business capital.
In the area of risk management and financial regulation, NYU Stern offers an Executive Masters degree in Risk Management as well as risk-related Executive Education Programs.
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