Marti Subrahmanyam

Marti G. Subrahmanyam is the Charles E. Merrill Professor of Finance, Economics and International Business in the Stern School of Business at New York University, and Global Network Professor of Finance at NYU Shanghai. He holds a degree in mechanical engineering from the Indian Institute of Technology, Madras, and a post-graduate diploma in business administration from the Indian Institute of Management, Ahmedabad. Both institutions conferred on him their Distinguished Alumnus Award. He earned a doctorate in finance and economics from the Massachusetts Institute of Technology. Professor Subrahmanyam has published numerous articles and books in the areas of corporate finance, capital markets and international finance. He has been a visiting professor at leading academic institutions in Australia, England, France, Germany, India, Italy and Singapore, including ESSEC, INSEAD, the Indian Institute of Technology, Madras, and the Indian Institute of Management, Ahmedabad, Einaudi Institute of Economics and Finance and Università Guido Carli LUISS, in Rome, University of Konstanz, Germany, National University of Singapore, Singapore Management University, Churchill College, Cambridge University, the Paris School of Economics and the University of Melbourne.

He has served as a consultant to several corporations, industrial groups, and financial institutions in the U.S., Europe, Asia and Latin America. He has served or continues to serve on the boards of several companies, including ICICI Bank Ltd. (NYSE: IBN), ICICI Prudential Life Insurance Co. Ltd., Infosys Ltd. (NYSE: INFY), Nomura Asset Management Inc., LIC Nomura Mutual Fund Asset Management Co. Ltd., Premier European Capital Ltd., and Vayana Enterprises (P) Ltd. He is the Chairman of AION India Investment Advisers (P) Ltd., a strategic partnership between ICICI Ventures and Apollo Global Management, which is focused on private equity investments in the Indian credit market. He has served as an advisor to international and government. He has taught extensively on executive programs in over twenty countries around the world.

Professor Subrahmanyam currently serves or has served as an Associate Editor of the European Financial Management, Journal of Banking and Finance, Journal of Business Finance and Accounting, Journal of Finance, Management Science, Journal of Derivatives, Journal of International Finance and Accounting, and Japan and the World Economy. He was the Founding Editor of an academic journal specializing in derivative securities and markets entitled Review of Derivatives Research. His research interests include valuation of corporate securities, options and futures markets, asset pricing, market microstructure, and fixed income markets. He has published about one hundred papers in these areas in many of the leading international journals in economics and finance, including Econometrica, The Quarterly Journal of Economics, Journal of Economic Theory, Journal of Finance, Journal of Financial Economics, and The Review of Financial Studies. His books include Recent Advances in Corporate Finance, Financial Options: From Theory to Practice and Credit Default Swaps.

Professor Subrahmanyam has served on over sixty doctoral dissertation committees and has chaired over thirty five of them. His students serve on the faculties of leading business schools around the world. He founded the NYU Stern Undergraduate Honors Program in 2000 and the NYU Shanghai Business Honors Program in 2015. Professor Subrahmanyam has won several teaching awards including New York University’s Distinguished Teaching Medal.

Research Interests

• Valuation of corporate securities
• Options and futures markets
• Corporate debt markets
• Market microstructure and liquidity
• Indian financial markets

Courses Taught

• Advanced Futures and Options
• Honors Seminar (Undergraduate)
• Seminar on Derivatives

Academic Background

Ph.D., Finance and Economics, 1974
Massachusetts Institute of Technology

P.G. Diploma, Business Administration, 1969
Indian Institute of Management, Ahmedabad

B.Tech., Mechanical Engineering, 1967
Indian Institute of Technology, Madras