Nobel Prize Winner Speaks at Inaugural Rady School Finance Conference

Media Contact: Keri Peckham, 858-534-0855 or kpeckham@ucsd.edu

May 9, 2007

The Rady School of Management at the University of California, San Diego today held its inaugural Finance Conference. The conference will be held bi-annually and this year focused on managing and modeling risk. Some of the nation’s leading authorities on credit risk partnered with the Rady School to speak at the conference, including Nobel Prize winner Robert Engle, Robin L. Lumsdaine from the Federal Reserve Board and Andreas Gottschling from Deutsche Bank AG.

“The Rady School is pleased with the caliber of speakers we were able to attract for our first-ever Finance Conference,” said Rady School Dean Robert S. Sullivan. “Bringing some of the most well-respected professionals in the field of credit risk to the school is a true benefit to our students, the campus and the business community.”

Topics of discussion for the conference included risk modeling, managing risk and regulatory requirements. Academic papers were presented in the afternoon by Professor Philippe Jorion from UC Irvine, Professor Pierre Collin-Dufresne, from UC Berkeley and Professor Eric Ghysels from the University of North Carolina.

“Much of my research has been focused on investment risk and this conference gives me the opportunity to return to UC San Diego for a discussion with some of the best minds in the industry,” said Robert Engle, Nobel Prize winner and finance professor at New York University.

“It is an honor to be part of this conference,” said Robin L. Lumsdaine, associate director of the Division of Banking Supervision and Regulation with responsibility for the Quantitative Risk Management Section at the Federal Reserve Board. “The Federal Reserve supports economic education on all levels and welcomes opportunities for dialogue with both industry and the academic communities. I am grateful to the Rady School for hosting this event.”

Attendees included Rady MBA students, Rady School and University of California faculty and guests from the financial services community in Southern California.

“Facilitating dialogue between academics and practitioners in the area of credit risk is important for the evolution of the function within large complex financial institutions,” said Andreas Gottschling, managing director of risk & capital management from Deutsche Bank AG. “The conference allows Deutsche to participate and share real world perspective with students and the financial community.”

The Rady School of Management at UC San Diego educates global leaders for innovation-driven organizations. A professional school within one of the top-ranked institutions in the U.S. for higher education and research, the Rady School offers a Full-Time MBA program, a FlexMBA program for working professionals, undergraduate and executive education courses. Our lineage includes 16 Nobel Laureates (former and current faculty) and eight MacArthur Foundation award recipients. The Rady School is at the nexus of this research, development and innovation – it underlies our curriculum and our academic model.