This Masterclass will go through a litany of past and recent financial crises from both an academic and practitioner’s perspective, and some of the key lessons learnt from them. Through this, you will gain a deeper understanding of how crises evolve, as well as real world perspectives on finance and capital markets. The session will briefly cover the incentives, disincentives and biases on Wall Street, and how they may affect capital market participants’ behaviour, which in turn can affect both the equilibrium (or disequilibrium) pricing of financial assets. The crises’ subsequent effects on financial markets and what this means for the future will also be addressed in an engaging and fast-paced presentation coupled with some case studies with a focus on Asia.
We will then revert to the basics and ask why capital markets exist in the first place, what are its functions, and what are the needs of its players, etc., followed by financial product design. I.e., which financial products and structures, be it equities, bonds, hedge funds, derivatives, private equity, real estate, or annuities, meet the particular function defined by the needs of its players.
A fundamental tenet in my approach is that sound financial functions matter, and not financial institutions. Financial functions are constant across geographies, cultures, income levels, etc., while institutions are simply a natural outgrowth of well-defined functional forms. So, defining functions in finance is our most important task, then only do financial institutions and financial products matter given they are endogenously determined and useful byproducts of these well-defined functions, where keen competition, innovation, free markets, prudent regulations, financial education, and so on, ensure only the best financial institutions (of the highest integrity), and financial products (of the greatest suitability) and structures (that don’t fleece customers) result.
We will be joined by a special guest, Kolawole Adegoke, MBA Class of 2023. Kalo has a CFA and 6 years of working experience in the banking industry in Nigeria. He will be sharing with us his experience navigating financial crises.
Agenda:
| Time | In-person | Online |
|---|
| 9:30 AM - 9:45 AM | Registration | |
| 9:45 AM - 10:00 AM | Welcoming Remarks by Kristina Rai, Chief Operating Officer, Asia School of Business |
| 10:00 AM - 11:30 PM | Masterclass by Prof. Joseph Cherian, Practice Professor of Finance, Asia School of Business |
| 11:30 AM - 12:30 PM | ASB MBA/EMBA Lunch Session hosted by Stephanie Wong, Director of Admissions | End |
| 12:30 PM - 12:45 PM | Campus Tour | - |
*schedule subject to changes
About Joe Cherian:
Joe Cherian is Practice Professor of Finance, Asia School of Business and Cornell University (Visiting), both of which he joined in July 2022. He was Practice Professor of Finance at the National University of Singapore (NUS) from March 2009 to June 2022.
Prior to NUS, Joe was Managing Director, Global Head and CIO of the Quantitative Strategies Group at Credit Suisse Asset Management in New York where he had direct responsibility for over US$67 billion in client assets managed to a quantitative discipline. While on Wall Street, Joe served on various senior management, investments, and risk committees in asset management. He joined the financial industry in New York after an academic career in the U.S., including as Associate Professor of Finance at Boston University.
He was formerly an Executive-in-Residence at Cornell University’s Johnson Graduate School of Management and a two-term member of the Johnson Dean’s Advisory Council, where he is now an Emeritus Member of the Council. Joe currently serves as a Scientific Advisor to Xen Capital, a boutique global digital wealth & alternatives asset manager in Singapore, Asia Asset Management in Hong Kong, as well as the Mercer-CFA Institute Global Pensions Index's Advisory Board in Australia. He has had appointments at Singapore's Central Provident Fund (CPF) Advisory Panel and the National Research Foundation's Early-Stage Venture Fund Evaluation Panel. He was an Independent Non-Executive Director of Bursa Malaysia in Kuala Lumpur, a Scientific Advisor to Nipun Capital, a boutique hedge fund based in San Francisco, a scientific consultant to Fullerton Fund Management, a Temasek subsidiary in Singapore, the Singapore Exchange (SGX), and on the Journal of Alternative Investments' Editorial Board in the U.S.
Joe holds a B.Sc. in Electrical Engineering from MIT (1986), and a M.Sc. (1992) and Ph.D. (1993) degrees in Finance from Cornell University.
Registration is no longer available because the registration deadline has passed.
