PITTSBURGH, Nov. 27, 2012 /PRNewswire/ -- Burton Hollifield, a professor of financial economics at Carnegie Mellon University's Tepper School of Business, has been chosen as the first recipient of the PNC Professorship in Finance. The newly created faculty chair has been made possible through an endowment by the PNC Foundation to recognize excellence in teaching and sustained achievements in developing impactful research for the financial community.
Professor Hollifield joined the faculty at Carnegie Mellon in 1998 and has become highly regarded as a teacher in finance and investments, and as researcher on a wide range of topics impacting world markets and financial institutions. His recent research has examined the term-structure of interest rates, the mortgage market and trading in over-the-counter financial markets.
"Our efforts in community and economic development often center on innovations in finance," said Eva Blum, chair and president of the PNC Foundation. "We are fortunate to have a faculty member of Professor Hollifield's caliber to assume this chair."
"I've co-authored papers with professor Hollifield on several occasions," said Richard Green, senior associate dean of faculty and research. "He approaches financial markets and financial decision-making with an intense intellectual curiosity and wide-ranging expertise. This has led him to many remarkable findings in his research. The same factors inform his teaching. This new role, which he will begin immediately, gives him the opportunity to continue and expand the scope of this work."
Hollifield received the 2009 George Leland Bach Teaching Award by the Tepper School's graduating MBA class, and the Tepper School's 2007 Business Teaching Award, bestowed by the school's undergraduate teaching program. He served as an assistant professor of finance at the University of British Columbia from 1991 to 1998. He received his master's degree and Ph.D. in financial economics at Carnegie Mellon in 1989 and 1992, respectively. In 1987, he completed a master's degree in economics from the Queens University at Kingston, Ontario, Canada. He also holds a bachelor's degree in information systems from the University of Calgary, which he completed in 1984.
About the PNC Foundation:
The PNC Foundation, which receives its principal funding from The PNC Financial Services Group (www.pnc.com), actively supports organizations that provide services for the benefit of communities in which it has a significant presence. The foundation focuses its philanthropic mission on early childhood education and community and economic development, which includes the arts and culture. Through Grow Up Great, its signature cause that began in 2004, PNC has created a $350 million, multi-year initiative to help prepare children from birth to age 5 for success in school and life.
About the Tepper School of Business: Founded in 1949, the Tepper School of Business at Carnegie Mellon University (www.tepper.cmu.edu) is a pioneer in the field of management science and analytical decision-making. The school's notable contributions to the intellectual community include eight Nobel laureates. The school is among those institutions with the highest rate of academic citations in the fields of finance, operations research, organizational behavior and production/operations. The academic offerings of the Tepper School include undergraduate studies in business and economics, graduate studies in business administration and financial engineering, and doctoral studies.
SOURCE Tepper School of Business at Carnegie Mellon