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Cass PhD student wins prestigious research prize

Hao Zhang honoured for research on the illiquidity of corporate bonds

Cass PhD student, Hao Zhang, has been awarded the prestigious 2013 Dimitris N. Chorafas Foundation Award for his thesis on the illiquidity of corporate bonds.

The US $5000 is prize is awarded annually by the Swiss-based Chorafas Foundation with the goal of inspiring promising young researchers.

Hao, 30, from China, said: "I am delighted and honored to receive the Chorafas Foundation award. Without the outstanding guidance of my supervisor Professor Stewart Hodges, and the support of Cass's professional staff, I could not have completed my research."

The Chorafas Foundation awards are granted directly to prize winners selected by partner universities in Europe, North America, the Middle East and Asia. They are given to the best doctorate students as chosen by each partner university and confirmed by the Board of the Foundation.

The prize is awarded for clarity of the work, the originality and efficiency of the proposed numerical techniques, the ability to fix previously reported limitations in the relevant literature, and the student's practical applicability.

The Dimitris N. Chorafas Foundation was established in March 1992 by the Swiss Academy of Engineering Sciences, Swiss Academy of Humanities and Social Sciences, Swiss Academy of Medical Sciences, and Swiss Academy of Natural Sciences.

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