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Jan. 3: Tepper School Announces PNC Chair in Computational Finance


Geof Becker
Carnegie Mellon University

Joe Balaban

Tepper School of Business Announces
PNC Chair in Computational Finance

PITTSBURGH—Carnegie Mellon University's top-ranked Tepper School of Business today announced the creation of the PNC Professorship in Computational Finance. The professorship is aimed at supporting outstanding junior faculty and will help the Tepper School sustain and enhance its world-renowned work in finance.    

Posner HallThe PNC Professorship in Computational Finance combines two generous contributions. The PNC Foundation, philanthropic arm of PNC, has given $1 million toward the professorship, and PNC executive management contributed $250,000. James Rohr is chairman and chief executive officer of PNC.    

"The PNC Financial Services Group, under Jim Rohr's leadership, is one of the most innovative and dynamic organizations in American banking — and, indeed, in American business — today," said Carnegie Mellon President Jared L. Cohon. "PNC's gift of a chair in computational finance is an example of the company's innovative spirit and of its commitment to the power of ideas in altering financial practice. We are grateful for PNC's generous support, which will help Carnegie Mellon faculty continue to be intellectual leaders in this field."    

"PNC's generous support will help the Tepper School continue to attract and retain leading scholars of finance," said Kenneth Dunn, dean of the Tepper School. "The PNC Professorship in Computational Finance also underscores PNC's commitment to education and research, and contributes to the transfer of academic discoveries to the financial industry."    

The Tepper School pioneered the field of computational finance through a collaboration with Carnegie Mellon's College of Humanities and Social Sciences, the H. John Heinz III School of Public Policy and Management, and the Mellon College of Science. Together, the schools offer bachelor's, master's and doctor's degrees in computational finance that continue to be among the world's top programs. Graduates of these programs are highly sought-after in the areas of risk management, financial modeling, asset pricing and hedge fund management.     

"This endowment will help the Tepper School continue to provide the type of education and research that has made it one of the top business schools in the country," said Rohr, who is a member of the Tepper School's Board of Business Advisors and a lifetime trustee of Carnegie Mellon. "The PNC Professorship in Computational Finance also represents an investment in the Pittsburgh region's economic vitality, as Carnegie Mellon has established itself as an engine for growth and development."