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Hari Sankaran, an associate professor in finance at New Mexico State University, has been named the Wells Fargo professor at NMSU's College of Business.
"It is an honor to receive this award so soon in my career at NMSU," said Sankaran, who joined the College of Business as an associate professor in 2002. "I am honored to be the first faculty member from my department to receive this award. It is a testimonial of my past performance as a faculty member and the contribution I intend to make in the next three years."
Before coming to NMSU, Sankaran taught at the University of Houston, the University of Miami and the University of Alaska Fairbanks. His research and teaching interests include option pricing, capital structure, CEO compensation and corporate governance.
The Wells Fargo Professorship was made possible by a donation from Wells Fargo to NMSU along with matching funds from the New Mexico Legislature. The purpose of the program is to provide future benefit to the students, businesses and taxpayers of the state.
"We feel education is incredibly important," said Mike Cheney, regional bank president for Wells Fargo. "This program helps ensure that we have some of the best professors teaching the students of today, who will then become leaders in our industry tomorrow."
Sankaran said the professorship will help strengthen research in finance, specifically in the college's MBA finance specialization and certification programs. It will allow students to focus on areas such as the implementation of trading strategies to explore leads and lags in market indexes, develop a volatility index for the banking sector and study the migration of informed traders to single stock futures around earnings announcements.
The professorship will also help put in place a new graduate course in the applications of financial techniques in Excel and Matlab programming to prepare students for the remaining courses in the MBA finance specialization and certificate programs, as well as make them competitive in the work place.
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