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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Center for Financial Research

Visiting Advisors and Scholars

Senior Advisor

    Manju Puri

    Manju Puri is the J. B. Fuqua Professor at the Fuqua School of Business, Duke University, and a Senior Advisor at the Center for Financial Research at the FDIC. Professor Puri earned her MBA from the Indian Institute of Management, Ahmedabad, and her PhD in Finance from the Stern School of Business, New York University, after which she joined the faculty of the Stanford Graduate School of Business. She moved to Fuqua in 2003.

    Professor Puri's expertise is in the area of empirical corporate finance and financial intermediation, with focus on commercial banks, investment banks, venture capital and entrepreneurship. Her research has won multiple awards including two Western Finance Association best paper awards, and three Fama-DFA best paper awards in Journal of Financial Economics. Professor Puri's research has appeared in publications such as American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. Professor Puri has served as coeditor of the Journal of Financial Intermediation, as well as on the editorial boards of several journals including the Journal of Finance. She is a Research Associate with the National Bureau of Economic Research, and a Senior Fellow of the Asian Bureau of Finance and Economics Research. She has received grants from the FDIC, National Science Foundation, and was selected as an Alfred P. Sloan Foundation Fellow. She currently serves as the President of the Financial Intermediation Research Society.

    Professor Puri has served in a number of regulatory/policy capacities in the U.S. and internationally. She has served on the Financial Advisory Roundtable, as a group of select economists who advise the President of Federal Reserve Bank, New York. She has also served on the Model Validation Council, Board of Governors, Fed,Washington D.C. Professor Puri furthermore serves as Academic Research Council Member, Center for Advanced Financial Research and Learning (CAFRA), Reserve Bank of India. In addition, Professor Puri has served the Government of India, Ministry of Finance, Bose Committee to advise on commission/incentive structure of the distributors of financial products, Professor Puri's work is relevant in understanding bank-firm and bank-depositor relationships, the scope of bank activities, how shocks to banks get transmitted internationally, and factors underlying bank runs, as well as in investigating the role of venture capitalists in startups, and entrepreneurial attitudes.

    Professor Puri teaches an elective she created on "Raising Capital" for the MBA students at Fuqua. She has also taught a Ph.D class on Empirical Corporate Finance and has taught Advanced Corporate Finance, and Venture Capital Financing at Fuqua and Stanford Business School. She has mentored many Ph.D students who have been placed in schools such as Yale, Columbia, MIT, Cornell, Board of Governors, and McKinsey.

Special Advisor

    Haluk Unal Haluk Ünal is a Professor of Finance at the Robert H. Smith School of Business, University of Maryland. He has been a research scholar at the FDIC Division of Insurance and Research for several years, a Senior Fellow at the Wharton Financial Institutions Center, and a member of the Standard and Poor's Academic Council. He is the Managing Editor of the Journal of Financial Services Research.

    Ünal holds doctorates in finance from The Ohio State University and in economics from Istanbul University, where he did his undergraduate work as well. Mr. Ünal also earned an MS degree in accounting from The Ohio State University.

    His current research focuses on executive compensation, corporate bonds, bank mergers, pricing default risk, risk management, and bank resolution costs. He is published in the Journal of Finance, Journal of Financial and Quantitative Analysis, Journal of Financial Services Research, Journal of Money Credit and Banking, Journal of Banking and Finance, Review of Derivatives Research, Journal of Financial Economics, and Review of Financial Studies.

Visiting Scholar

    Kristoph Kleiner Kristoph Kleiner is an Assistant Professor of Finance at Indiana University. Before coming to Indiana University, he completed his PhD at Duke University and interned with the Federal Reserve Bank of New York and the Federal Reserve Board. At Indiana University he teaches courses in corporate finance.

    His research is at the intersection of labor economics and corporate finance. His research agenda studies the value of employee level data in examining worker flows in the U.S. economy. With this data, Kristoph evaluates the drivers of employee hiring and firings; corporate reorganizations and layoffs; firm births and deaths; and coworker networks and connections.

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