CBR - Our People

Forrest Capie is Professor Emeritus of Economic History at the Bayes Business School City University, London. After a doctorate at the London School of Economics (LSE) and a teaching fellowship there, he taught at the University of Warwick and the University of Leeds. He was a British Academy Fellow at the National Bureau in New York and a Visiting Professor at the University of Aix-Marseille and the LSE, and a Visiting Scholar at the IMF.

He was Head of Department of Banking and Finance at City University from 1989-1992; editor of the Economic History Review 1993-1999; a member of the Academic Advisory Council of the Institute of Economic Affairs in London, and an advisor to the Shadow Chancellor of the Exchequer. He has written widely on money, banking, trade and commercial policy and recently completed the commissioned history of the Bank of England (Cambridge University Press, 2010). His latest book ‘Money over Two Centuries’ was published by Oxford University Press in 2012.

Geoffrey Wood went to the University of Warwick in 1968 as Lecturer in Economics and then spent two years as Visiting Economist with the Bank of England, where he was more recently, from 1994 to 2004, a Special Advisor on Financial Stability. In 1975, he joined City University. He was Visiting Scholar at the Federal Reserve Bank of St Louis from 1977-1978, has also advised the New Zealand Treasury on a wide range of issues, and has also been a visiting scholar at the Federal Reserve Bank of New York and served as research adviser at the Bank of Finland.

Geoffrey Wood is also a visiting Professorial Fellow in the Centre for Commercial Law Studies at Queen Mary and Westfield College, University of London and has been a visiting professor at the University of Athens. In the academic year 2004-2005 he was Visiting Professor at the University of Oxford. He has served for some time as Special Adviser to the Treasury Select Committee of the House of Commons.

He is on the Editorial Boards of the Greek Economic Review, The Journal of Financial Education, and the the European Journal of Political Economy, and is a General Editor of the Journal of Financial Regulation.

Rym Ayadi (Ph.D.) is Honorary Visiting Professor at Bayes Business School, City University of London. She is Associate Professor of International Business and Finance, Founding Director of the International Research Centre on Cooperative Finance (IRCCF) and Board Member of the Alfonse and Dorimène Desjardins International Institute for Cooperatives at HEC Montreal Business School in Canada.

She is Associate Senior Research Fellow at the Euro-Mediterranean University (EMUNI) in Slovenia and the Founder and Scientific Director of the Euro-Mediterranean Network for Economic Studies (EMNES) (www.emnes.org). She is President of the Euro-Mediterranean Economists Association established in Barcelona since 2012 to contribute to the future of political and socio-economic model in the South Mediterranean region post Arab Spring.

Rym’s fields of expertise include international financial systems, financial markets and institutions, global financial regulation and governance and socio-economic development and foresight in economies in transition.

She is expert member of several high-level expert groups in the European Commission, the European Parliament (Economic and Financial Committee and Committee on Foreign Affairs)), Mediterranean Assembly of the Mediterranean and the Union for the Mediterranean and invited expert in international organisations (e.g. IMF, OECD and others).

She was Senior Research Fellow and Head of the Financial Institutions Unit at the Centre for European Policy Studies (CEPS) in Brussels (Between 2001 and 2014). She served as an academic senior expert member of the European Insurance and Occupational Pensions Authority (EIOPA) Stakeholder Group (Between 2011 and 2013) and of the Financial Services Users Forum (FINUSE), (between 2007 and 2010). She was the director of the Mediterranean Prospects Research Network (MEDPRO), an international research network for foresight analysis in the Euro-Mediterranean region (Between 2009 and 2013) funded by the Seventh Framework Program of the EU. She was also Vice President of the European Financial Inclusion Network (EFIN), a European network that promotes mutual learning on financial inclusion.

She authors several books and scholarly articles on her areas of expertise and is member of several editorial and advisory boards. Rym Ayadi holds a Ph.D. in Economics and Finance from University Paris Dauphine.

Research Areas

International Financial Systems 
Financial markets and institutions 
Socio-Economic Development and Foresight in Economies in Transition 
Global Financial Regulation and governance

Thorsten Beck joined the Faculty of Finance in September 2013 as professor of banking and finance.

Since 2008 he has been professor of economics at Tilburg University in the Netherlands and was the founding chair of the European Banking Center from 2008 to 2013. He is also a research fellow of the Centre for Economic Policy Research (CEPR). Previously he worked in the research department of the World Bank and has also worked as consultant for – among others - the IMF, the European Commission, and the German Development Corporation. His research, academic publications and operational work have focused on two major questions: What is the relationship between finance and economic development? What policies are needed to build a sound and effective financial system? Recently, he has concentrated on access to financial services, including SME finance, as well as on the design of regulatory and bank resolution frameworks. In addition to numerous academic publications in leading economics and finance journals, he has co-authored several policy reports on access to finance, financial systems in Africa and cross-border banking. His country experience, both in operational and research work, includes Bangladesh, Bolivia, Brazil, China, Colombia, Egypt, Mexico, Russia and several countries in Sub-Saharan Africa. In addition to presentation at numerous academic conferences, including several keynote addresses, he is invited regularly to policy panels across Europe.

Personal Website: www.thorstenbeck.com

Research Areas

Corporate Finance 
Banking 
Access to financial services 
SME Finance 
Financial Safety Net

Marco Boldini is a fully qualified lawyer in Italy and the UK, where he is both a solicitor and barrister. He is also a qualified Notary in England and Wales. Marco is the Head of Financial Services Regulatory (Legal) at PwC. He was recently appointed Italian Consul in Liverpool by the Italian Foreign Minister and the UK Foreign Commonwealth Office. His area of expertise is financial services regulation.

Research Areas

Financial Regulation  
Asset Management  
Brexit

Professor Barbara Casu Lukac is the Director of the Centre for Banking Research at Bayes Business School. She is also the Course Director for the Executive PhD at Bayes.

Her main research interests are in empirical banking, financial regulation, structured finance, and corporate governance. Barbara has published widely, with over 40 publications in peer reviewed Journals. She has also written the popular textbook “Introduction to Banking” (Pearson FT), which is widely adopted for banking courses across the world. She has recently co-edited the Palgrave Handbook of European Banking. Outside academia, Professor Casu has been a consultant/visiting researcher at several organisations, including the International Monetary Fund (IMF); the European Commission (EC); Centre for European Policy Studies (CEPS); the Building Societies Association (BSA), the SWIFT Institute.

Research Areas

Banking 
Industrial Organisation 
Financial Economics

Lecturer in Banking Francesc Rodriguez-Tous received his PhD in Economics from the Universitat Pompeu Fabra, in Barcelona. He has previously worked at the Bank of England, Deutsche Bundesbank, and Banco de España.

Francesc's research is about banking, with a particular focus on banking regulation and systemic risk.

Research Areas

Banking 
Corporate Finance  
Financial Regulations

Economist in the Financial Stability unit, Swiss National Bank (SNB)

Terhi joined the SNB in 2008 and is an Economist in the Financial Stability unit of the Swiss National Bank. She studied at the Business School from where she obtained a Ph.D. for a thesis on bank capital management and was a member of the Centre for Banking Research. She attained her MMSc. in Management from the University of Kent at Canterbury (2000), MSc. in Finance from the ICMA Center, The University of Reading (2001) and completed the Advanced Studies Program at the Kiel Institute for World Economics (2004). Previously, she was a visiting scholar at the Bank of Finland, and conducted research at the Bank of England, the Swedish Institute for Financial Research and the European Central Bank.

Her main research interests focus on varying aspects of banking institutions, in particular bank capital management and risk taking, as well as the link between the banking sector and the real economy.

Assistant Visiting Professor of Finance at The American University in Cairo

Dr. Saleh is founder of BAST Ratings (www.bastratings.com), the first premium provider of SME ratings in EMEA and Visiting Professor of Finance at the American University in Cairo (AUC). She has more than 20 years of experience across global EM with a special focus on EMEA. She has held various senior equity, debt and capital markets roles with a number of international organizations and regulatory bodies. Her track record spanned mandates with EBRD, AfDB, Central Bank of Egypt, S&P Global and KPMG Corporate Finance. She has covered financial markets & institutions across a number of Global EM and frontier markets including Brazil, Egypt, Turkey, Ukraine, Kazakhstan, Nigeria and Greece, Morocco, Jordan, Tunisia and a number of Sub-Saharan African markets: Ivory Coast, Togo, Uganda, Kenya, Botswana, and South Africa.

Nashwa was recipient of the Business School bursary award and received her PhD degree from the Business School in 2012, with her dissertation on Early Warning Signals for Financial Crises. She published a book in 2010 entitled An Anatomy of the Financial Crisis, Blowing Tumbleweed. She is a Chevening Scholar, receiving her MSc in Finance from London Business School, and obtained her BA in Business Administration from the American University in Cairo (AUC). She is a CFA charter holder, member of the UK CFA Society. She also completed her certification from the UK Institute of Directors (IoD ) as a Certified Company Director in October 2018. She speaks French, English and Arabic.

Lecturer in Banking and Finance, University of Essex

Anna Sarkisyan was awarded a PhD in Finance from the Business School in 2011. Currently she is a Lecturer in Banking and Finance at Essex Business School, University of Essex. Her research focuses on securitisation, risk, and performance in banking. In 2010 she was awarded a Lamfalussy Fellowship from the European Central Bank, to carry out empirical research on banks' retained interests in securitisations and insolvency risk.

Economist at Federal Reserve Board, Washington D.C.

André F. Silva completed his PhD candidate Finance at the Business School in 2018 and works as a Visiting Economist the International Monetary Fund (IMF) in 2017-2018. His main research interests are banking regulation and supervision, financial intermediation and access to finance. André’s most recent papers examine the role of banks’ strategic liquidity mismatch decisions on financial sector stability, the benefits and risks associated with financial inclusion and the credit supply and real effects of bank bail-ins.

In the past, he visited the European Central Bank (ECB) and the European Banking Authority (EBA) where he was investigating the exposure of the European Deposit Insurance Scheme to potential bank failures and the effect of bank capital regulation on access to finance of SMEs, respectively. André was also a Teaching Assistant at both the Business School and London Business School, covering courses at the Executive, MBA, MSc and Undergraduate levels.

Personal Website: www.andrefjsilva.com

Samuel Da-Rocha Lopes is Principal Bank Sector Analyst and representative of the European Banking Authority (EBA-European System of Financial Supervision) in several international fora (e.g. BIS, EC, ESRB, ECB/SSM). He is also Coordinator and Professor of the course “Banking Regulation and Supervision in Practice” at Nova School of Business and Economics (Nova SBE), Portugal, and Visiting Lecturer at Aarhus University, Denmark. He holds a PhD in Finance from ISCTE-IBS (IUL). He is a former Economist from the European Central Bank (ECB) and from Banco de Portugal, working in Financial Stability and Supervision, Financial Research and Risk Management areas, and has over 18 years of work experience in risk management.

He has experience of teaching in executive education programs through The World Bank projects and is reviewer of several academic journals. He has published in academic journals such as the Review of Financial Studies, Review of Accounting Studies, the Journal of Accounting Public Policy, European Accounting Review, Journal of Banking Regulation, The International Journal of Accounting, among other journals on various aspects of finance, banking and credit risk management, and has chapters in SUERF “Money, Regulation and Growth: financing new growth in Europe” and in Risk Books such as “Europe's New Supervisory Tools: Data, Benchmarking and Stress Testing for Banks and their Regulators”. He has been a recipient of research and scholarship grants, collaborates as research coordinator with the San Diego State University in a network in International Business, Economics & Accounting (iBEACON) and is researcher of both the UNIDE/ISCTE and CIRSF – Research Centre on Regulation and Supervision of the Financial Sector.

Dr Richard Reid is a Non-Executive Director and Member of the Board at Liberty Specialty Markets; Honorary Research Fellow at the University of Dundee; and Honorary Visiting Professor at Bayes Business School, City, University of London. Before this he had been the Head of Research and Chief Economist for the International Centre for Financial Regulation(ICFR). Prior to joining the ICFR Dr Reid was a managing director in the Economics department of Citigroup for nine years, based in London.  Before Citigroup he was the Chief International Economist for Donaldson, Lufkin & Jenrette for three years. Prior to that, a managing director and the Chief European Economist for UBS for 15 years. For two years Dr Reid served as a special advisor to the UK Parliament’s Treasury & Civil Service Select Committee on international monetary affairs.

He started his professional career as a junior lecturer at Strathclyde University in his native Scotland where his Ph.D. was on the evolution of financial systems. He then moved on to become the Chief Economist for a Scottish insurance company, the Scottish Provident.   He has a Ph.D. and M.Sc. from Strathclyde University and an M.A. (Hons.) from Aberdeen University.

Dr Eliza Wu is an Associate Professor in Finance at the University of Sydney Business School. Eliza has a joint honours degree in Economics and Econometrics and a PhD in Finance from the University of New South Wales (UNSW).

Eliza’s research expertise lies within empirical finance and banking. Her research is focused on international capital markets, financial institutions, the impact of financial regulations, credit risk and corporate governance. Eliza has published over 40 international academic journal articles and book chapters and her research papers have been accepted for presentations in leading academic conferences. Eliza serves as an Associate Editor for the Journal of Financial Stability, International Review of Economics and Finance and the International Review of Financial Analysis.

Eliza teaches Banking units in the Undergraduate and Postgraduate curriculum as well as International Business Finance and Executive Education programs in Banking at the University of Sydney. She has also taught at the University of Cambridge. She has received the Dean’s Citation for Teaching Excellence and is currently supervising several PhD students.

Outside of academia, Eliza has worked at the Reserve Bank of Australia and at the Bank for International Settlements’ (BIS) Representative Office for Asia and the Pacific. She has also served as a research fellow at the Hong Kong Institute for Monetary Research and undertakes consulting and policy work.