August 30, 2010

LOS ANGELES -- In a joint statement to the UCLA Anderson community, Dean Judy D. Olian and Professor Charles Corbett, chair of the UCLA Anderson faculty, announced that Professor Francis Longstaff, Allstate Professor of Insurance and Finance, has been elected vice president of Western Finance Association. Longstaff is designated to become president of the organization in 2011.

According to its Web site, the Western Finance Association is a professional society for academicians and practitioners with a scholarly interest in the development and application of research and finance, whose purpose is to serve as a focal point of communication among its members, to improve teaching and scholarship and to provide for the dissemination of information, including the holding of meetings and the support of publications. The organization is considered a very influential group of about 700 academics and thought leaders in the field of finance.

Longstaff, a Ph.D. graduate of the University of Chicago, has been a member of the Anderson faculty since 1992. According to the joint statement, he is "a prodigious researcher in areas related to fixed income markets and term structure theory, derivative markets, credit risk, liquidity, and computational finance." Longstaff has served as head of Fixed Income Derivative Research at Salomon Brothers, as a researcher for the Chicago Board of Trade and as a consultant for Deloitte and Touche as well as Wall Street firms, mutual funds, hedge funds, commercial banks and other financial institutions. Many of his valuation models have been used widely on Wall Street and throughout the global financial markets.

Longstaff is also the founding faculty director of UCLA Anderson's Master of Financial Engineering program.

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