Tag: Nicolae Gârleanu

Nicolae Gârleanu, an expert on asset pricing, was installed as the H. Frederick Hagemann Jr. Professor of Finance at Olin Business School at Washington University in St. Louis during a ceremony May 8.

Gârleanu joined WashU in 2021, bringing two decades of teaching and research experience. Most of Gârleanu’s research is in asset pricing, where he concentrates on various facets of liquidity and the extent to which consumption and production dynamics are consistent with asset returns.

Gârleanu’s papers have been published in prestigious academic journals such as Econometrica, the American Economic Review, the Journal of Political Economy and the Journal of Finance. In 2020, he was the co-recipient of the prestigious Stephen A. Ross Prize in Financial Economics for his paper “Over-the-counter markets,” written with Darrell Duffie and Lasse Pedersen. Additionally, Gârleanu serves as associate editor for the Journal of Economic Theory and the Journal of Financial Economics.

The Hagemann professorship was established in 1997 through the leadership of Hagemann’s brother, Paul O. Hagemann. H. Frederick Hagemann earned a bachelor’s degree in business administration from WashU in 1926. He began his career with Kaufman-Smith Co. in St. Louis, an investment banking house that subsequently merged with Boatmen’s National Bank. He later became president and chief executive officer of the Rockland Bank in Boston. Hagemann also served on the university’s Board of Trustees from 1965 until his death in 1996.

Anjan Thakor, dean of Olin Business School and the John E. Simon Professor of Finance, presided over the installation ceremony at the Charles F. Knight Executive Education and Conference Center. Gârleanu delivered an address, “Understanding Asset Prices: A World of Imperfections.”

Above: Gârleanu receives a medallion from Kurt Dirks, acting provost, during his installation ceremony May 8. (Photo: Jerry Naunheim Jr./ Washington University)

I wanted to share some exciting news about our faculty member Nicolae Gârleanu, professor of finance.

Professor Gârleanu has been appointed the H. Frederick Hagemann Jr. Professor in recognition of his contributions and leadership in research and teaching. He received his PhD from Stanford University in 2002 and joined Olin Business School in 2021, after serving on the faculty at the University of California, Berkeley. Most of Professor Gârleanu’s research is in the area of capital markets and asset pricing, where he concentrates on various facets of liquidity and the extent to which consumption and production dynamics are consistent with asset returns.

His papers have been published in top economics and finance journals such as Econometrica, the American Economic Review, the Journal of Political Economy, the Journal of Finance, the Review of Financial Studies and the Journal of Financial Economics.

The H. Frederick Hagemann Jr. Professorship at Olin Business School was established in 1997 through the leadership of Mr. Hagemann’s brother, Paul O. Hagemann. Gifts from family, friends and business associates of Mr. Hagemann and from the State Street Bank and Trust Company of Boston, where he retired as chairman and chief executive officer in 1971, made the professorship possible.

Mr. Hagemann received a bachelor’s degree in business administration from Washington University in St. Louis in 1926. He began his professional career in St. Louis with Kaufman-Smith Company, an investment banking house that subsequently merged with Boatmen’s National Bank. He spent 20 years at Boatmen’s before leaving to be president and chief executive officer of the Rockland Bank in Boston, which through successive mergers combined in 1961 with State Street Bank, the second oldest bank in Boston.

At Washington University, Mr. Hagemann represented the third generation of his family to serve on Washington University’s Board of Trustees. He served from 1965 until his death in 1996. In 1955, the university cited him as one of its most distinguished alumni; Olin Business School added that same honor in 1987.

Please join me in congratulating Professor Nicolae Gârleanu. We will have a formal installation ceremony at a later date.