Williams to Hold Panel on Financial Crisis
WILLIAMSTOWN, Mass., Oct. 14, 2008 -- Williams alumni, faculty, and staff will discuss implications of the turmoil in world financial markets on Thursday, Oct. 23, at 8 p.m. in Chapin Hall. The session, which is free and open to the public, is titled, "Cycle or Spiral?: Financial Markets in Crisis."
"We're fortunate to have in the Williams family financial professionals and academics with such extraordinary depth and range of experience to help us understand better an issue of urgency to the world," Williams President Morton Owen Schapiro said. "I look forward to hearing their insights."
Alumni participants will be Paul Isaac '72, principal of Cadogan Management, and James Lee '75, vice chairman of JPMorgan Chase & Co. and Co-Chairman of its Investment Bank. Campus participants will be Collette Chilton, chief investment officer, Gerard Caprio '72, professor of economics, and Kenneth Kuttner, professor of economics. Moderating the session will be Stephen Sheppard, professor and chair of economics.
Paul Isaac is managing partner, chief investment officer, and investment committee member at the New-York-City-based hedge fund Cadogan Management. Before joining Cadogan in 1999, he was an analyst for the hedge fund S.C. Fundamental, LLC. He previously served at Mabon, Nugent & Co. and its successor firms as chief economist and as a member of its board and executive committee. For more than ten years, he has served also as treasurer and investment committee chair of a public charity. He graduated from Williams with highest honors in political economy and spent the following year as a Thomas J. Watson Foundation Fellow.
James Lee joined Chemical Bank the year he graduated from Williams with majors in economics and art history. In 1982 he founded the bank's loan syndications unit, which was the beginning of Chemical's and then Chase Manhattan's investment banking business. Following Chemical's merger with Manufacturers Hanover Trust Company, he founded the bank's first public securities business. He is now responsible for Morgan's relationships with many of its largest and most important clients and leads many of their strategic and financial transactions. He serves on a number of non-profit boards and on the Private Equity Sub-Committee of Williams' Finance Committee.
Collette Chilton is responsible for the investment of assets in the Williams endowment. Before joining the college in 2006, she served as the president and chief investment officer for Lucent Technologies, where she was responsible for the investment and oversight of around $40 billion in retirement-related assets for the company. She had previously served as chief investment officer for the Pension Reserves Investment Management Boards in Massachusetts. Before that she worked for the First National Bank of Boston and Citicorp Investment Bank. Since 1998 she has also been a visiting fellow in private equity at Dartmouth's Amos Tuck School of Business.
Gerard Caprio serves as chair of Williams' Center for Development Economics. He came to Williams in 2005 with decades of experience in international finance, including service as senior economist, head of financial sector research, and director of financial sector policy at The World Bank. He also has worked as vice president and head of global economics at JP Morgan and as an economist for the Board of Governors of the Federal Reserve System. His many writings include the book "Financial Crises: Lessons from the Past, Preparation for the Future."
Kenneth Kuttner has written extensively on macroeconomics, including with co-author Federal Reserve Chairman Ben Bernanke. He specializes in international economics, monetary policy, and the efficiency of central banks. He has also worked at the Federal Reserve Banks of New York, including as assistant vice president, and of Chicago, including as senior economist and assistant vice president. Before coming to Williams this fall, he had taught for four years at Oberlin College.
Stephen Sheppard has published widely on urban economics, land use regulation, housing markets, local public finance, and environmental economics and has served as a referee or reviewer for more than 10 economics journals. As a consultant for The World Bank, he prepared analyses of land use in Eastern Asia and on the effects of fiscal constraints on the quality of public servants. He also directs the Center for Creative Community Development -- a national focal point for research, education, and training on the role of the arts in community re-development.
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"We're fortunate to have in the Williams family financial professionals and academics with such extraordinary depth and range of experience to help us understand better an issue of urgency to the world," Williams President Morton Owen Schapiro said. "I look forward to hearing their insights."
Alumni participants will be Paul Isaac '72, principal of Cadogan Management, and James Lee '75, vice chairman of JPMorgan Chase & Co. and Co-Chairman of its Investment Bank. Campus participants will be Collette Chilton, chief investment officer, Gerard Caprio '72, professor of economics, and Kenneth Kuttner, professor of economics. Moderating the session will be Stephen Sheppard, professor and chair of economics.
Paul Isaac is managing partner, chief investment officer, and investment committee member at the New-York-City-based hedge fund Cadogan Management. Before joining Cadogan in 1999, he was an analyst for the hedge fund S.C. Fundamental, LLC. He previously served at Mabon, Nugent & Co. and its successor firms as chief economist and as a member of its board and executive committee. For more than ten years, he has served also as treasurer and investment committee chair of a public charity. He graduated from Williams with highest honors in political economy and spent the following year as a Thomas J. Watson Foundation Fellow.
James Lee joined Chemical Bank the year he graduated from Williams with majors in economics and art history. In 1982 he founded the bank's loan syndications unit, which was the beginning of Chemical's and then Chase Manhattan's investment banking business. Following Chemical's merger with Manufacturers Hanover Trust Company, he founded the bank's first public securities business. He is now responsible for Morgan's relationships with many of its largest and most important clients and leads many of their strategic and financial transactions. He serves on a number of non-profit boards and on the Private Equity Sub-Committee of Williams' Finance Committee.
Collette Chilton is responsible for the investment of assets in the Williams endowment. Before joining the college in 2006, she served as the president and chief investment officer for Lucent Technologies, where she was responsible for the investment and oversight of around $40 billion in retirement-related assets for the company. She had previously served as chief investment officer for the Pension Reserves Investment Management Boards in Massachusetts. Before that she worked for the First National Bank of Boston and Citicorp Investment Bank. Since 1998 she has also been a visiting fellow in private equity at Dartmouth's Amos Tuck School of Business.
Gerard Caprio serves as chair of Williams' Center for Development Economics. He came to Williams in 2005 with decades of experience in international finance, including service as senior economist, head of financial sector research, and director of financial sector policy at The World Bank. He also has worked as vice president and head of global economics at JP Morgan and as an economist for the Board of Governors of the Federal Reserve System. His many writings include the book "Financial Crises: Lessons from the Past, Preparation for the Future."
Kenneth Kuttner has written extensively on macroeconomics, including with co-author Federal Reserve Chairman Ben Bernanke. He specializes in international economics, monetary policy, and the efficiency of central banks. He has also worked at the Federal Reserve Banks of New York, including as assistant vice president, and of Chicago, including as senior economist and assistant vice president. Before coming to Williams this fall, he had taught for four years at Oberlin College.
Stephen Sheppard has published widely on urban economics, land use regulation, housing markets, local public finance, and environmental economics and has served as a referee or reviewer for more than 10 economics journals. As a consultant for The World Bank, he prepared analyses of land use in Eastern Asia and on the effects of fiscal constraints on the quality of public servants. He also directs the Center for Creative Community Development -- a national focal point for research, education, and training on the role of the arts in community re-development.
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