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A new chair has been established by André R. Jakurski (MBA '73) to support research in the area of global finance. Professor Kenneth A. Froot will be the first incumbent of the André R. Jakurski Professorship of Business Administration.
Jakurski, a native of Brazil, is the first Latin American to endow a chair at the School. After graduating from HBS as a Baker Scholar, he worked for a number of years at Unibanco, Brazil's third largest bank, including service as executive director. In 1983, he and three partners founded Pactual, a Rio brokerage firm. During a period of financial uncertainty in the region, Jakurski oversaw the firm's growth and transformation into what is now a full-service investment bank. In 1998, Jakurski sold his shares in Banco Pactual to start a global hedge fund, JGP Nextar.
Professor Froot has been an HBS faculty member since 1993. He currently serves as a Director of Research and teaches courses in capital markets, international finance, and risk management. He received a BA from Stanford in 1980 and a Ph.D. in 1986 from the University of California at Berkeley, where he studied international finance.
Froot's research and publications span a variety of topics in international finance, including securitization of insurance risks (particularly those linked to catastrophes), risk management for corporations and financial institutions, and asset allocation for investors. He is a founding partner of Emerging Markets Finance, LLC, an investment management and advisory firm. Froot has served as a consultant to many companies, countries, and institutions, including the International Monetary Fund, the World Bank, the Board of Governors of the Federal Reserve, and the staff of the U.S. President's Council of Economic Advisers.
A Celebratory Evening
A dinner in honor of André Jakurski and his family at the Dean's House in October celebrated a remarkable relationship with HBS that began in 1971, when Jakurski first arrived at Soldiers Field from Brazil as an MBA student. The special significance of the Jakurski gift and the spirit in which it was given were expressed in a citation presented at the dinner by Dean Clark. In its concluding paragraph, the citation read, "The André R. Jakurski Professorship was created 'to support a senior faculty member whose primary area of study is in global finance, with a preference for an incumbent whose research focuses on emerging markets.' The chair serves as a permanent reminder of Jakurski's generous service to his country, to international markets, and to the Harvard Business School."
Pictured are Dean Kim B. Clark (at left) and Jakurski chair incumbent Professor Kenneth Froot (fourth from left) with, André Jakurski (third from left), his wife, Maria, and their children, Alejandro and Carolina.
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