Spectrum Logo
A non-profit publication of the Office of the University Relations of Virginia Tech,
including The Conductor, a special section of the Spectrum printed 4 times a year

Manaster appointed to Pamplin post

By Sookhan Ho

Spectrum Volume 21 Issue 15 - December 10, 1998

The Pamplin College of Business has appointed Steven Manaster as professor of finance and director of its Financial Risk Management Center, effective January 1. Manaster is the former director of the Division of Economic Analysis at the Commodity Futures Trading Commission.
Manaster received his Ph.D. from the University of Chicago in 1975. He has held faculty appointments at the University of Utah, New York University, and the University of Chicago. He was the founding trustee and first director of the University of Utah's Garn Institute of Finance. Manaster is well known for his research on the valuation of options and futures, and the economics of futures market floor trading.
Manaster succeeds Robert Mackay, who founded the center, formerly known as the Center for the Study of Futures and Options Markets, in 1989. Mackay, who directed the center until this past July, said Manaster "combines excellence in scholarship with high-level experience in government, dealing with some of the most challenging regulatory issues." The center, based at Virginia Tech's Northern Virginia Center in Falls Church, sponsors monthly forums through its Financial Innovation Study Committee. The meetings draw leading industry practitioners, academics, and regulators, who engage in provocative discussions and analysis of current issues in derivatives and financial risk management. The center also provides training and sponsors research in derivatives and financial risk management.