Edward Altman

Area of Expertise: Bankruptcy analysis and prediction, credit and lending policies, risk management and regulation in banking, corporate finance, capital markets

Books: "Bankruptcy, Credit Risk and High Yield Junk Bonds," "Recovery Risk," Corporate Financial Distress & Bankruptcy," Managing Credit Risk: The Great Challenge for Global Financial Markets"

Biography:

Edward I. Altman is the Max L. Heine professor of finance, emeritus, at the Stern School of Business at New York University. He is the director of research in credit and debt Markets at the NYU Salomon Center for the Study of Financial Institutions. Prior to serving in his present position, Altman chaired the Stern School's MBA Program for 12 years. Altman was named to the Max L. Heine endowed professorship at Stern in 1988 and gained his emeritus status in September 2015.

Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation and was named "Profesor Honorario" by the University of Buenos Aires in 1996 and “Honorary Doctorate” from Lund University (Sweden) in 2011 and the Warsaw School of Economics in 2015. He was an advisor to the Centrale dei Bilanci in Italy and to several foreign central banks.

In 2005, Altman was named one of the “100 Most Influential People in Finance” by the Treasury & Risk Management magazine. Professor Altman was one of the founders and an executive editor of the Journal of Banking and Finance and advisory editor of the John Wiley Frontiers in Finance Series. He was the co-founder of the International network of Graduate Business Students Exchange Program, now known as PIM, started in 1973. He has published or edited two dozen books and over 150 articles in scholarly finance, accounting and economic journals.

Altman has been a consultant to several government agencies, major financial and accounting institutions and industrial companies and has lectured to executives in North America, South America, Europe, Australia-New Zealand, Asia and Africa. He has testified before the U.S. Congress, the New York State Senate and several other government and regulatory organizations and is a director and a member of the advisory board of a number of corporate, publishing, academic and financial institutions, including Paulson & Co., Franklin Mutual Advisors, Equinox Capital, Van Eck (Market Vectors) and S&P Capital IQ.