News from Cass Business School

Eminent panel convenes to judge Onassis Prizes for 2012

Number of awards expanded to three to recognise excellence in finance, shipping and international trade.

The Panel of Judges for the Onassis Prize 2012 met at Cass earlier this week to decide on the recipients of the prestigious Onassis Prizes. The inaugural prize was presented to Professor Eugene Fama, inventor of the efficient market hypothesis in April 2009.

no altOnassis Prizes panel members (l to r) Professor Myron Scholes ('97 Nobel Laureate) Chairman, Platinum Grove Asset Management LLP; Robert Merton (1997 Nobel Laureate) School of Management Distinguished Professor of Finance at MIT; Mr. Anthony S. Papadimitriou, Chair
President, Alexander S.Onassis Public Benefit Foundation; Professor Costas Th. Grammenos, CBE, DSc, Pro Vice-Chancellor, City University London; Charles Goodhart, Professor Emeritus, London School of Economics; George Constantinides, Leo Melamed Professor of Finance, University of Chicago

The Board of The Alexander S. Onassis Public Benefit Foundation have established three international business prizes: The Onassis Prize in Shipping; The Onassis Prize in International Trade; and The Onassis Prize in Finance, in association with the International Centre for Shipping, Trade and Finance at Cass Business School and the City of London. The Prizes of $200,000 each are to be awarded every three years to the most distinguished academic in each of these areas.

The panel is chaired by Mr. Anthony S. Papadimitriou, President of the Alexander S. Onassis Public Benefit Foundation and consists of some the world's most eminent academics in the fields of finance, banking and shipping finance including Professor Costas Th. Grammenos CBE, Pro Vice-Chancellor of City University London.

The aim of these awards is to honour academics, whose disciplines have previously not had a platform for worldwide recognition and will hopefully, in time, receive the same prestige as the Nobel Prize. The 2009 award was the first award bearing the Onassis name to be made outside of Greece and signified the importance of the City of London as a global leader in shipping, trade and finance.

The winners will be announced early next year and will receive their awards at a white-tie banquet at London's Guildhall in 2012. Each recipient will also give a guest lecture at Cass Business School's London campus.

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