Professor Chester Spatt Appointed Chief Economist at SEC
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Professor Chester Spatt Appointed Chief Economist at SEC

The Securities and Exchange Commission (SEC) has appointed Tepper School of Business Professor Chester Spatt chief economist and director of the commission's Office of Economic Analysis. Spatt, the Mellon Financial Corporation Professor of Finance and director of the Center for Financial Markets at the Tepper School, will begin serving his two-year appointment July 1.

C. Spatt "I am pleased to welcome Dr. Spatt to the Commission staff at such a critical time for our financial markets," said SEC Chairman William H. Donaldson. "I look forward to his insight and analysis into the important issues we are facing."

Tepper School of Business Dean Kenneth B. Dunn said Spatt's appointment is "well-deserved and especially valuable for our country and financial markets."

"Chester has been an international leader in finance-related research for decades. His work has been widely published in the top finance and economics journals and he has been a constant source of innovation within our faculty," Dunn said.

Callout In his position at the SEC, Spatt will advise the commission and its staff on critical economic issues and oversee staff analysis of the economic impact of SEC regulatory actions, policies and proposals.

In accepting the position, Spatt said, "I am delighted to have this opportunity to join Chairman Donaldson and his outstanding staff at the Securities and Exchange Commission to work on the important issues facing America's financial markets."

Spatt has taught at Carnegie Mellon since 1979. He earned his Ph.D. in economics from the University of Pennsylvania and his undergraduate degree from Princeton University. His research on market structure, pricing and valuation, and the impact of information in the marketplace has been published extensively.

Mike Laffin

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