Finance Faculty

Antje Berndt
Assistant Professor of Finance, received her Ph.D. from Stanford University in 2003. Dr. Berndt's research interest revolve around financial econometrics, asset pricing theory and empirical asset pricing, credit risk modeling, including risk premia, recovery rates and credit event correlations and risk management for financial institutions. A consultant for Quantifi Solutions, working papers include "Default Risk Premia and Asset Returns," "Measuring Default Risk Premia from Default Swap Rates and EDFs," and "Estimating the Term Structure of Yield Spreads from Callable Corporate Bond Price Data."

Richard L. Bryant
Professor Bryant, Adjunct Professor of Industrial Administration, received his BA from Denison University in 1975 and MBA from Carnegie Mellon in 1980. Following six years with H.J. Heinz Company in their Corporate M&A and Treasury areas, Bryant became Reebok International's Treasurer in 1988 and in 1993, Chief Financial Officer of Hefren-Tillotson, a broker/dealer and investment advisor. Professor Bryant joined the Tepper School in 1999 as the Executive Director of Carnegie Mellon's Computational Finance Program and, over the years has taught both in Tepper's undergraduate finance program and in the MSCF program.

John O'Brien
Associate Professor of Accounting and Experimental Economics, earned his Ph.D. in 1985 from the University of Minnesota. His teaching interests include investments, derivatives, swaps and structured products, technology, and experiential learning. Dr. O'Brien's research interests include formation of expectations in capital markets, laboratory markets and managerial accounting in JIT environments. Dr. O'Brien is associated with the OS Financial Trading System. Among Dr. O'Brien's many articles are publications in journals such as Quarterly Journal of Economics, Journal of Accounting Research, and Journal of Finance.

Javier Pena
Associate Professor of Operations Research, earned his Ph.D. from Cornell in 1998. His teaching and research interests include computation of equilibria in large sequential games, financial optimization, and algorithms for convex programming. Dr Pena's publications have appeared in journals such as Mathematics of Operations Research, Mathematical Programming, and the SIAM Journal on Optimization. Dr. Pena consults for Axioma Inc in the development and implementation of algorithmic tools for portfolio management. Dr. Pena was the recipient of the 2005 George Leland Bach MBA Teaching Award for excellence in the classroom.

Bryan Routledge
Associate Professor of Finance, recieved his Ph.D. from the University of British Columbia in 1996. His research focuses on a broad selection of topics in finance. Current research revolves around linking foundations of risk to asset pricing dynamics. This research incudes looking at non-standard perspectives on risk as well as ambiguity or model uncertainty. Professor Routledge also teaches classes in Corporate Finance as well as Private Equity and Venture Capital. In 1998 and 2004 he received the George Leland Bach Award for teaching.

Duane J. Seppi
BNY Mellon Professor of Finance at the Tepper School of Business. Received his Ph.D. from the University of Chicago in 1988. His teaching and research interests include energy and commodity derivatives, stochastic volatility modeling, market microstructure, limit orders, and liquidity. His research has been published in the Review of Financial Studies, Journal of Finance, Journal of Financial Economics and other leading finance and economics journals. He is or has been on the editorial boards of the Journal of Finance, the Review of Financial Studies, the Journal of Financial Markets, and the Review of Finance. He was a visiting scholar at the US Securities and Exchange Commission in 2006.

Chris Telmer
Associate Professor of Financial Economics, received his Ph.D. from Queen's University in 1992. His teaching and research interests include models of international fixed-income pricing, the determinants of real exchange rates and the effects of labor market risk on optimal portfolio choice and equilibrium asset prices. Professor Telmer has served as an educational consultant in Japan, The Russian Federation, Ukraine and New York City. He has been a visiting scholar in Japan, Spain, Sweden and in the Federal Reserve System. His research articles have been published in top economic and finance journals, including The Journal of Finance, The American, Economic Review and the The Journal of Political Economy. In 1995 he was awarded the Undergraduate Teaching Award by the Department of Industrial Management at The Tepper School of Business. In 2001 he was awarded the George Leland Bach Award for MBA teaching at the Tepper School.

Richard O. Young
Associate Teaching Professor in Management Communication received his Ph. D. from Carnegie Mellon University in 1989 with a dissertation on the differences between expert and novice management consultants. Since then, he has served as a management consultant for a number of U.S. firms and start-ups. Dr. Young's research is focused on conflict resolution and on the decision-making expertise of the audiences of managers. He has presented many papers at national conferences. He is currently writing a college-level textbook entitled, Knowing Audiences: The Psychology of Audience Decision Making.