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Programme Directors

Lily Hua Fang
Programme Director
Professor of Finance
The AXA Chaired Professor in Financial Market Risk
Lily Fang is a Professor of Finance at INSEAD and the holder of the AXA Chair in Financial Market Risk. Her primary research interest is information markets, i.e., financial intermediation, financial institutions, and the media. She has published numerous studies on the incentives, behaviour and performance of financial analysts, fund managers, and financial institutions in top academic journals such as the Journal and Finance, the Journal of Financial Economics, and the Review of Financial Studies.

Pascal Maenhout
Programme Director
Associate Professor of Finance
Pascal Maenhout is an Associate Professor of Finance at INSEAD where he teaches corporate finance, portfolio theory, and capital markets in MBA, PhD and Executive Education programmes. His research interests include portfolio theory, derivatives, asset pricing, and risk management.

Adrian Buss
Programme Director
Associate Professor of Finance
Research Affiliate at CEPR
Adrian Buss holds a PhD in Finance from Goethe University Frankfurt.
His area of focus is the study of the impact of financial and institutional frictions on equilibrium asset prices and informational efficiency. He is also interested in the information content of option markets.
Faculty

Urs Peyer
Associate Professor of Finance
Dean of Degree Programmes
Urs Peyer holds a PhD in Finance from the Kenan-Flagler Business School, University of North Carolina, and a lic.rer.pol. from the University of Berne, Switzerland. Urs Peyer's research interests include empirical corporate finance, corporate governance, executive compensation, internal capital markets, firm diversification and share repurchases.
Urs Peyer’s research interests include, Corporate Governance, Executive Compensation, Empirical Corporate Finance, and Share Repurchases.

Theo Vermaelen
Professor of Finance
The UBS Chair in Investment Banking, endowed in memoriam Henry Grunfeld
Theo Vermaelen is Professor of Finance at INSEAD where he teaches in MBA, PhD and Executive programmes. He is a graduate from the Department of Applied Economics at the Catholic University of Leuven (Commercial Engineer) and obtained an MBA and PhD in Finance from the Graduate School of Business, University of Chicago.
Dr. Vermaelen has taught at the University of British Columbia, the Catholic University of Leuven, The London Business School, UCLA and the University of Chicago.

Joël Peress
Professor of Finance
The Claude Janssen Chaired Professor of Business Administration
Joël teaches in the MBA, PhD and various Executive Education programmes at INSEAD. His research interests revolve around the generation and diffusion of information in financial markets, with applications to asset pricing, portfolio theory, the mass media, and economic growth.
Please note programme faculty may change.