Professor Randall Morck appointed as MAS Term Professor at NUS Business School

• Expert in Chinese and Japanese economies, corporate governance, finance
• To hold public lecture on lessons from Japan’s economic industrialisation

10 December 2012, Singapore – Professor Randall Morck, Stephen A Jarislowsky Distinguished Chair in Finance and University Professor at the University of Alberta, School of Business, will be appointed as the Monetary Authority of Singapore (MAS) Term Professor in Economics and Finance from 10 to 21 December 2012. 

An expert in corporate finance, political economy, family firms, business history, as well as the Japanese, South Korean and Chinese economies, Professor Morck will be hosted by the National University of Singapore (NUS) Business School, where he will advise faculty members and students on their research, work on joint research papers with faculty members, and speak at seminars and research workshops during the term of the Professorship. 

Professor Morck brings with him a wealth of experience, having served as a consultant to the Canadian and United States governments, the World Bank, and the International Monetary Fund. He is currently the Director of the Canadian Corporate Governance Institute, and Research Associate at the National Bureau of Economic Research, Harvard Law School Labor and Worklife Program, and the European Corporate Governance Institute.

Professor Morck’s research work includes more than 70 published articles in top tier academic journals, such as the American Economic Review, Journal of Finance, and Journal of Financial Economics. Professor Morck has also held short-term visiting positions at Harvard University, Yale University, University of Michigan, Arizona State University and the National University of Singapore. He obtained his Bachelor of Science (B.Sc) and Master of Arts (M.A.) from Yale University, and Doctor in Philosophy (Ph.D) in Economics from Harvard University.

On 17 December 2012, Professor Morck will deliver a public lecture at NUS Business School on the lessons that countries in the region, including China, can learn from Japan’s economic industrialisation.

“We are pleased to welcome Professor Randall Morck to NUS Business School. Professor Morck is a world-renowned, star academic, who has had a great impact on research, practice and public policy, for instance, in the area of corporate governance. It is a great honour to have such a world-class academic with us. We look forward to the knowledge-sharing over the next two weeks”, said Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor, NUS Business School.

Mr Ong Chong Tee, Deputy Managing Director, MAS, added: "We are delighted to welcome Professor Morck as the fourth MAS Term Professor. Professor Morck’s insights into the latest developments in corporate governance will be invaluable for our ongoing discussions on this important topic, which is of considerable interest to the financial industry."

The MAS Term Professorship was established in 2009 to strengthen research in economics and finance, and to foster a vibrant research community and culture at local universities.

The inaugural MAS Term Professor was Barry Eichengreen, the George C. Pardee and Helen N. Pardee Professor of Economics and Professor of Political Science at the University of California, Berkeley, in 2010. He was followed by Nobel Laureate Michael Spence, the William R. Berkley Professor at the Leonard K. Stern School of Business, New York University. Michael Brennan, Emeritus Professor of Finance from the Anderson Graduate School of Management, UCLA, last held the Professorship.

***

About National University of Singapore (NUS)

A leading global university centred in Asia, the National University of Singapore (NUS) is Singapore’s flagship university which offers a global approach to education and research, with a focus on Asian perspectives and expertise.
 
NUS has 16 faculties and schools across three campuses. Its transformative education includes a broad-based curriculum underscored by multi-disciplinary courses and cross-faculty enrichment. Over 37,000 students from 100 countries enrich the community with their diverse social and cultural perspectives.
 
NUS has three Research Centres of Excellence (RCE) and 23 university-level research institutes and centres. It is also a partner in Singapore’s 5th RCE. NUS shares a close affiliation with 16 national-level research institutes and centres. Research activities are strategic and robust, and NUS is well-known for its research strengths in engineering, life sciences and biomedicine, social sciences and natural sciences. It also strives to create a supportive and innovative environment to promote creative enterprise within its community.  
 
For more information, please visit www.nus.edu.sg .

About NUS Business School

National University of Singapore (NUS) Business School is known for providing management thought leadership from an Asian perspective, enabling its students and corporate partners to leverage global knowledge and Asian insights.

The school has consistently received top rankings in the Asia-Pacific region by independent publications and agencies, such as The Financial Times, Economist Intelligence Unit, and QS Top MBA, in recognition of the quality of its programmes, faculty research and graduates. In the Financial Times Global Rankings, the NUS MBA is ranked 23rd in 2012, while the UCLA – NUS Executive MBA and Asia-Pacific Executive MBA are ranked 5th and 26th respectively in 2012.

In the biannual 2011 Forbes rankings for two-year MBA programmes, NUS Business School was ranked the top school in Singapore and Asia, and fourth among business schools outside the United States - the first time a Singapore business school has made the list. The Quacquarelli Symonds (QS) ranked the school first in Asia and 8th in the world for accounting and finance.

The school is accredited by AACSB International (Association to Advance Collegiate Schools of Business) and EQUIS (European Quality Improvement System), and is a member of the GMAC Council, Executive MBA Council, Partnership in Management (PIM) and CEMS (Community of European Management Schools) – endorsements and affiliation with organisations of high repute in the education circle that the school has met the highest standards for business education.

For more information, please visit bschool.nus.edu.sg.

About Monetary Authority of Singapore

As Singapore's central bank, the Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. It manages Singapore's exchange rate, foreign reserves and liquidity in the banking sector. MAS is also an integrated supervisor overseeing all financial institutions in Singapore -- banks, insurers, capital market intermediaries, financial advisors, and the stock exchange. Being an integrated supervisor allows the MAS to adopt a consistent and progressive regulatory and supervisory approach and framework, thereby ensuring a level playing field across all market segments, sectors and activities. With its mandate to foster a sound and progressive financial services sector in Singapore, MAS also helps shape Singapore's financial industry by promoting a strong corporate governance framework and close adherence to international accounting standards. In addition, it spearheads retail investor education. MAS ensures that Singapore's financial industry remains vibrant, dynamic and competitive by working closely with other government agencies and financial institutions to develop and promote Singapore as a regional and international financial centre.

For more information, please visit www.mas.gov.sg.