Professors' Bios

Ingo Walter Ingo Walter is the Charles Simon Professor of Applied Financial Economics at the Stern School of Business, New York University, and also serves as Director of the New York University Salomon Center, an independent academic research institute founded in 1972 to focus on financial institutions, instruments and markets. Prof. Walter received his A.B. and M.S. degrees from Lehigh University and his Ph.D. degree in 1966 from New York University. He taught at the University of Missouri - St. Louis from 1965 to 1970 and has been on the faculty at New York University since 1970. From 1971 to 1979 he was Associate Dean for Academic Affairs and subsequently served a number of terms as Chairman of International Business and Chairman of Finance. Since 1985 he has also been affiliated with INSEAD in Fontainebleau, France as the Swiss Bank Corporation Professor of International Management. Dr. Walter's principal areas of academic and consulting activity include international trade policy, international banking, environmental economics, and economics of multinational corporate operations. He has published papers in various professional journals in these fields and is the author or editor of 22 books, the most recent of which is Global Banking co-authored with Prof. Roy C. Smith (New York: Oxford University Press, 1996). A new book entitled Street Smarts: Leadership, Professional Conduct and Shareholder Value in the Securities Industry (also with Roy Smith) will be published in 1997 by Harvard Business School Press. At present, his interests focus on competitive structure, conduct and performance in the international banking and financial services industry, as well as international trade and investment issues. He has served as a consultant to various government agencies, international institutions, banks and corporations, and has held a number of board memberships.

Roy C. Smith Roy C. Smith has been on the faculty of the Stern School of Business at New York University since September 1987 as a professor of finance and international business. Prior to assuming this appointment he was a General Partner of Goldman, Sachs & Co. specializing in international investment banking and corporate finance. Upon his retirement from the firm to join the faculty, he was the senior international partner. During his career at Goldman Sachs he set up and supervised the firm’s business in Japan and the Far East, headed business development activities in Europe and the Middle East and served as Presiden of Goldman Sachs International Corp. while resident in the firm’s London office from 1980 to 1984. Mr. Smith received his B.S. degree from the U.S. Naval Academy in 1960, and his M.B.A. degree from Harvard University in 1966 after which he joined Goldman, Sachs & Co. He is a frequent guest lecturer at other business schools in the U.S. and in Europe. Mr. Smith’s principal areas of research include international banking and finance, global capital market activity, mergers and acquisitions, leveraged transactions, foreign investments, and finance in emerging markets and Eastern Europe. In addition to various articles in professional journals and op-ed pieces, he is the author of The Global Bankers, E.P. Dutton, 1989, The Money Wars, E.P. Dutton, 1990 and Comeback: The Restoration of American Banking Power in the New World Economy, Harvard Business School Press, 1993. He is also co-author with Ingo Walter of Investment Banking in Europe: Restructuring in the 1990s, Basil Blackwell, 1989, Global Financial Services, Harper and Row, 1990, Global Banking, Oxford University Press, 1996 (forthcoming), and Street Smarts, Harvard Business School Press, 1997 (forthcoming). Mr. Smith is currently a Limited Partner of Goldman, Sachs & Co., a former director of Harsco Corporation, and of Tootal plc, a U.K. Corporation, and a founding partner of Large, Smith & Walter, a European financial services consulting company. He is also a Director of the Atlantic Council of the United States and a member of the Internal Research Council of the Center for Strategic and International Studies, Washington, D.C.