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Heads of Financial
Institutions Center
Named
Professors Franklin Allen
and Richard Herring have
been named co-directors of
the Wharton Financial Institutions
Center, replacing
former director Anthony
M. Santomero, who has
been named president of
the Federal Reserve Bank
of Philadelphia.
Franklin Allen, Nippon
Life Professor of Finance and
Economics, formerly vice
dean and director of Wharton
Doctoral Programs, has
served in various editorial
capacities at several of the
world’s top academic journals
for finance and economics.
A frequent winner of Wharton
teaching awards, Allen’s
research has focused on corporate
finance, asset pricing
and the economics of information.
He is president of
the American Finance Association.
Allen received his
doctorate from the University
of Oxford.
Richard Herring, Jacob
Safra Professor of International
Banking and professor
of finance, previously served
as vice dean and director of
the Wharton Undergraduate
Division. He was a founding
director of the Financial Institutions
Center and is currently
director of Wharton’s
Joseph H. Lauder Institute
of Management and International
Studies. Herring is
a leading expert on international
banking and finance
and has been a member
of the Shadow Financial
Regulatory Committee since
1990. In addition, he is
co-chairman of the biennial
multinational banking seminar.
He received his PhD
from Princeton University.
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