Emery Moves to Board of Trustees of Prestigious Finance Association after Tenure as President
Doug Emery, chair and professor of finance, has stepped down as president of the Financial Management Association International (FMA), a position that capped several years in which he has served in leadership positions with the prestigious finance organization. He will continue to work at the organization as a member of the FMA's Board of Trustees. FMA is the global leader in developing and disseminating knowledge about financial decision making. Its membership of academicians, students, and practitioners totals about 8,000 worldwide and its annual meeting is attended by 1,600 to 2,000 people. Emery was elected president in 2007 after serving as vice president of the program for FMA’s 2006 annual meeting. Emery was also editor, along with John D. Finnerty, of FMA’s journal Financial Management from 1993 to 2000.
Emery says his tenure at FMA has been rewarding because of the opportunity to guide something that is bigger than one person.
“It’s a lot like steering a big ship,” says Emery. “You’re not doing everything; but you’re guiding the process, much like being a department chair, a dean, or a president.”
At this year’s conference, Emery handed over the reins to the in-coming president Maureen O’Hara, who is the Robert W. Purcell Professor of Management at Cornell University’s Johnson School of Management. O’Hara is the first person to have served as president of all of the three major finance organizations, AFA (American Finance Association), WFA (Western Finance Association), and FMA, and was also the first woman president of AFA. Emery’s successors as president of FMA include such luminaries as Franklin Allen, the Nippon Life Professor of Finance and Economics at the Wharton School, and Anthony Saunders, the John M. Schiff Professor of Finance at NYU’s Stern School of Business.
“Working with people of that caliber is really a delight,” says Emery.
Emery’s accomplishments at FMA include introducing the concept of Top-10 Sessions at the annual meeting, which are sessions made up of papers ranked in the top 10 percent of those accepted for the conference. About 1,500 papers were submitted to this year’s meeting, about 700 were accepted, and about 70 were in Top-10 sessions. As president, Emery was responsible for nominating Minder Cheng as this year’s Executive of the Year speaker. Cheng was the global chief investment officer for equity and capital markets at Barclays Global Investors, and was instrumental in BGI’s merger with Blackrock, which is in the final stages of completion.
Department of Finance faculty members are active in a variety of professional organizations, and have held numerous leadership positions. Currently, Andrea Heuson is treasurer of the American Real Estate and Urban Economics Association, Brian Barrett is vice president—program for next year’s Eastern Finance Association’s annual meeting and Tie Su is vice president—arrangements for this year’s Eastern Finance Association.