Financial Markets for Policy Professionals: 2019 Speakers

Woodrow Wilson School | September 4-7, 2019

Speaker Biographies

(in program order)

Donal Byard
Donal Byard Zicklin School of Business, Baruch College

Donal Byard is a Professor of Accounting in the Zicklin School of Business of Baruch College, City University of New York (CUNY). He earned a B.B.S. degree in Accounting from the University of Limerick (Ireland), a M.B.S. degree in Finance from University College Dublin, and a Ph.D. in Accounting from the University of Maryland. He specializes in teaching financial accounting, and his research has been published in journals such as the Journal of Accounting Research, The Accounting Review, and Contemporary Accounting Research. He also serves on the editorial advisory board for a number of academic journals, including Accounting Horizons. His current research focuses on financial analysts' use of voluntary disclosures, and externalities (or spillover effects) arising from the adoption of the International Financial Reporting Standards in in Europe. In 2008-2009 he served as a visiting academic fellow in the Chief Accountants Office of the U.S. Securities and Exchange Commission (SEC). Since 2017 he has taught Financial Accounting at Princeton University.

Lance Eckel
Lance Eckel Managing Partner, Finance IQ

Lance Eckel is the Managing Partner of Finance IQ and has over 15 years of experience designing and delivering innovative training programs to a variety of professional and academic audiences. His financial industry experience spans almost 25 years and began as an emerging markets analyst for the Bank of Nova Scotia in Santiago, Chile. In 1997, he moved to Toronto and became a junior portfolio manager in the Proprietary Equity area of Scotia Capital Markets. In 2004, he co-founded the Geneva Arbitrage Fund, a private investment fund that focused on the areas of merger arbitrage and other event-style investing. As the Director of Research and co-Manager, he helped lead the fund to over ten consecutive years of positive returns. Prior to his work in the securities industry, Lance was an economist and policy analyst for the Government of Canada. He has a BA (Honors) and MA, both in Economics from McGill University.  He holds both the Chartered Financial Analyst and the Financial Risk Manager charters and is the Director of the Investment Committee for Church of the Incarnation in New York City.

Michael Johannes
Michael Johannes Professor of Finance and Economics, Columbia Business School
Michael Johannes is Professor of Finance and Economics at Columbia University’s Graduate School of Business. He has been at Columbia since receiving his Ph.D. in Economics at the University of Chicago in 2000. He has held visiting appointments at Northwestern University’s Kellogg School of Management in 2005 and at Stanford University’s Graduate School of Business in 2006. His research focuses on a wide range of issues in finance, with a particular focus on understanding and modeling non-standard risks in the context of portfolio management and derivatives pricing. Examples of these include building models and quantitative methods to analyze the effect of stock market crashes, financial crises, or earnings announcements on portfolios and option prices.  Another strand of his research develops quantitative methods for identifying optimal portfolio trading strategies over both high-and low-frequencies. His research has been published in Journal of Finance, the Journal of Econometrics, and Review of Financial Studies; he has written chapters in a number of books on quantitative methods, including the Handbook of Financial Econometrics and the Handbook of Financial Time Series; and he has a book project under contract with the Princeton University Press. He is an Associate Editor of Management Science, the Journal of Business and Economic Statistics, and the Journal of Financial Econometrics. His teaching interests are in the areas of investments, derivatives, and risk management. He has developed three new courses at Columbia, including a first year MBA course, “Capital Markets and Investments.” Additionally, he has developed and taught customized derivatives and risk management courses through Columbia’s Executive Education program. He has consulted for a range of companies, including hedge funds, pension funds, accounting firms, and financial technology firms.

Karsten Muller
Karsten Müller Postdoctoral Research Associate, Princeton University

Karsten Müller is a Postdoctoral Research Associate at the Julis-Rabinowitz Center for PubliPolicy and Finance at Princeton University. He received his PhD in Business and Management from Warwick Business School in 2018. Karsten's research focuses on the intersection of finance, political economy, and macroeconomics. He is particularly interested in the causes and effects of credit allocation. His research on social media has been featured in, among others, The New York Times, The Economist, The Guardian, The Financial Times, Huffington Post, Time Magazine, and the Scientific American.


RJ Gallo
RJ Gallo, CFA Federated Investors, Inc

R.J. Gallo is the head of the Municipal Bond Group. He is also chairman of the Duration Committee, which determines tactical duration positioning for many of the fixed-income portfolios at Federated. He manages or co-manages multiple municipal bond portfolios and he is a member of the portfolio management team for the multi-sector Federated Total Return Bond Fund. He is a featured speaker on Federated’s quarterly financial markets webcasts and periodically at various industry events, where he shares insights on macroeconomic trends and factors affecting fixed-income market performance. He has appeared frequently in financial media, including Bloomberg, CNBC, The Wall Street Journal and Reuters. Prior to joining Federated, he worked as a Trader/Analyst in the Markets Group at the Federal Reserve Bank of New York. The Markets Group is the unit primarily responsible for implementing the monetary policy directives of the Federal Open Market Committee through the conduct of open market operations. His professional experience also includes positions at the Columbia University Office of Investments, Kidder Peabody, and the U.S. Office of Management and Budget. RJ has 25 years of investment experience. He earned an M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton University and his bachelor’s degree in Economics from the University of Michigan. A CFA charterholder, he is a member of the CFA Society of Pittsburgh and the National Federation of Municipal Analysts. Federated Investors, Inc. is a leading global investment manager with $502.2 billion in assets under management as of June 30, 2019.  Providing comprehensive investment management to more than 10,000 institutions and intermediaries, Federated’s clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Noah Gottdiener, Chief Executive Officer and Chairman of Duff & Phelps
Noah Gottdiener CEO and Chairman, Duff & Phelps

Since 2004, Noah Gottdiener has served as Chief Executive Officer and Chairman of the Board of Directors for Duff & Phelps. Revenue has increased from $30 million in 2004 to $1 billion in 2018. Duff & Phelps has more than 3,500 employees in 70 offices spanning the Americas, Europe and Asia. In 2013, he led the company through a go-private transaction, backed by a consortium of investors and management. Previously, he was the founding partner of Stone Ridge Partners LLC, a mergers and acquisitions advisory firm; he used this platform to acquire Duff & Phelps. Prior to that, he was a partner with Thomas Weisel Partners and Furman Selz LLC and a managing director at Lehman Brothers, where he began his career. He is a member of the Council on Foreign Relations and the Advisory Board of the Woodrow Wilson School of Public and International Affairs at Princeton University. He is a Vice-Chair of the Corporate Fund Board at the John F. Kennedy Center for the Performing Arts and sits on the Board of Trustees of the National Outdoor Leadership School (NOLS). He also sits on the Board of Directors of Focus Financial Partners. He received his B.A. in Mathematics from Princeton University and M.B.A. from Harvard Business School.

Ashoka Mody
Ashoka Mody Visiting Professor in International Economic Policy, Princeton University

Ashoka Mody is Charles and Marie Robertson Visiting Professor in International Economic Policy at the Woodrow Wilson School, Princeton University. He is author of EuroTragedy: A Drama in Nine Acts. He was Deputy Director in the International Monetary Fund’s Research and European Departments. He has worked at the World Bank, AT&T’s Bell Laboratories, and the Centre for Development Studies, Trivandrum. He has been a Visiting Professor at the University of Pennsylvania’s Wharton School and is a non-resident fellow at the Center for Financial Studies, Frankfurt. He received his Ph.D. in Economics from Boston University.

Charles Yi
Charles Yi Arnold and Porter

Charles Yi brings to his practice a deep understanding of the financial services and legislative sectors, having served as General Counsel of the Federal Deposit Insurance Corporation (FDIC) from 2015 to 2019. In that role, he was involved in major banking policy initiatives and legislation as well as the implementation of related rulemaking. Mr. Yi also had supervisory responsibility over FDIC enforcement and litigation activity. In addition, he served on the FDIC's fintech steering committee, and established a fintech working group within the Legal Division. As FDIC General Counsel, Mr. Yi served as Chairman of the Legal Advisory Group of the Federal Financial Institutions Examination Council (FFIEC) and as a government member of the Administrative Conference of the United States (ACUS). Mr. Yi's experiences on Capitol Hill include serving as staff director and chief counsel on the Senate Committee on Banking, Housing, and Urban Affairs responsible for all issues under the committee's jurisdiction (including banking, securities, insurance, and housing finance); chief counsel and deputy staff director of the Senate Banking Committee; and counsel for the Committee on Financial Services of the US House of Representatives. He also served as deputy assistant secretary for banking and finance at the US Treasury Department. While at the House Financial Services Committee, Mr. Yi worked on banking and insurance issues and participated in the creation of the Troubled Asset Relief Program (TARP) during the height of the financial crisis. And during his tenure at the Senate Banking Committee and the Treasury, he was instrumental in the creation and implementation of the Dodd-Frank Act. While serving as senior staff on the Senate Banking Committee, Mr. Yi led the reauthorization of the Terrorism Risk Insurance Act (TRIA), Ex-Im Bank, and the National Flood Insurance Program, and helped to draft and shepherd the passage of the Credit CARD Act. Prior to his public service, Mr. Yi was in private practice where he focused on M&A and regulatory work for clients in the financial services industry. He also served for five years in the US Army as Captain in the Armored Cavalry.