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Executive Education

Joseph Cherian

Home » About » Leadership Team » Joseph Cherian

CEO, President, Dean and Distinguished Professor

Joseph Cherian, a distinguished leader in academia and business, is CEO, President, Dean, and Distinguished Professor of the Asia School of Business. As Professor of Finance, he possesses a highly versatile, varied and distinguished international background, spanning academia, global financial markets, and strategic leadership in education. Professor Cherian’s academic career in teaching and researching finance, asset management and portfolio investments includes top global universities including Cornell University, National University of Singapore, and Boston University. Apart from teaching at the Asia School of Business, he most recently served as Visiting Professor of Finance of the Samuel Curtis Johnson Graduate School of Management at the SC Johnson College of Business, Cornell University.

Professor Cherian’s professional experience in the financial services sector spanned asset management where he managed US$67 billion in client assets as Global Head and Chief Investment Officer of the Quantitative Strategies Group at Credit Suisse Asset Management. While at Credit Suisse, he served on the Global Executive Committee, as well as various senior management, investments, and risk committees of the Asset Management division. He joined the financial industry in New York after an academic career in the US, including as an Associate Professor of Finance at Boston University. He continues to be involved in the financial industry through advisory roles to governments and think-tanks in the Asia-Pacific region, including Australia, Malaysia, Hong Kong and Singapore, in areas such as venture funds, asset management, pensions and capital market policies and reforms.

He was formerly an Executive-in-Residence and a two-term member of the Johnson Graduate School of Management’s Dean’s Advisory Council at Cornell University and is now an Emeritus Member of the Dean’s Council. Joe currently serves as an Advisor to Asia Asset Management in Hong Kong, the Mercer-CFA Institute Global Pensions Index’s Advisory Board in Australia, and is a member of the Board of the Institute for Capital Market Research, an initiative by the Securities Commission Malaysia. He has had appointments at Singapore’s Central Provident Fund (CPF) Advisory Panel and the National Research Foundation’s Early-Stage Venture Fund Evaluation Panel; Professor Cherian continues to serve as an ad hoc advisor to the Singapore government.

Professor Cherian was an Independent Non-Executive Director of Bursa Malaysia in Kuala Lumpur, a Scientific Advisor to Nipun Capital, a boutique hedge fund based in San Francisco, a consultant to Fullerton Fund Management, a Temasek subsidiary in Singapore, Singapore Exchange (SGX), and served on the Journal of Alternative Investments’ Editorial Board in the US. Joe holds a BSc in Electrical Engineering from MIT, and MSc and PhD degrees in Finance from Cornell University.

  • The Return of Beta: Rethinking Hedge Fund Performance, Nomura Journal of Asian Capital Markets, Autumn 2025, Vol. 10, Issue 17, 8 September 2025.
  • “Track to the Future: Investment, Finance and Lessons for the New Economy.” https://doi.org/10.1142/13014 | April 2023, Pages: 200, Joseph Cherian. A specialized writing of my published papers, essays, op-eds, commentaries, and other works in the areas of asset management, retirement finance and infrastructure finance. (Publisher: World Scientific Publishing) (URL: https://www.worldscientific.com/worldscibooks/10.1142/13014#t=aboutBook)
  • “Foreign Clientele Effects in Malaysian Sovereign Bond Markets: Evidence from Islamic Sukuk Bonds in Malaysia,” (co-authored with M. Chen, Z. Li, Y. Shao and M. Subrahmanyam), 2022, Critical Finance Review: Vol. 11: No. 3-4, pp 677-745. http://dx.doi.org/10.1561/104.00000124
  • Improving Resilience to Systemic Crises through Financing Innovations: Lessons and Recommendations from Singapore, Nomura Journal of Asian Capital Markets, Autumn 2021, Vol. 6, Issue 1, 8 September 2021.
  • “Replicas: Have Hedge Funds Re-Resurrected as Traditional Beta?” (co-authored with C. Kon and Z. Li), January 2021, Revise and resubmit at the Journal of Banking & Finance. (SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3704649)
  • “A Tail of Two Cities: On the Downside Risk and Loss Profile of Asian and North American Hedge Funds,” (co-authored with C. Kon and W. Weng), Journal of Alternative Investments, Summer 2016, v. 19, 55-77.
  • “Worry-free Inflation-Indexing for Sovereigns: How Governments Can Effectively Deliver Inflation-Indexed Returns to Their Citizens and Retirees,” (co-authored with Z. Bodie and W.K. Chua), Life-cycle Investing: Financial Education and Consumer Protection (CFA Institute), The Research Foundation of the Chartered Financial Analysts (CFA) Institute Publications Series, Z. Bodie, L.B. Siegel and L. Stanton (Editors), November 2012, 139-161.
  • “A Model of the Convenience Yields in On-the-run Treasuries,” (co-authored with R.A. Jarrow and E. Jacquier), Review of Derivatives Research, 2004, v.7, 79-97.
  • “Option Pricing and Foreign Investment under Political Risk,” (co-authored with E. Perotti), Journal of International Economics, December 2001, v.55 (2), 359-377.
  • “An Empirical Analysis of Directional and Volatility Trading in Options Markets,” (co-authored with Y. Weng), Journal of Derivatives, Winter 1999, v.77, 53-65.
  • “Optimal Extraction of Nonrenewable Resources when Costs Cumulate,” (co-authored with J. Patel and I. Khripko), Project Flexibility, Agency, and Product Market Competition: New Developments in the Theory and Application of Real Options Analysis, (Oxford University Press, NY), Michael J. Brennan and Lenos Trigeorgis (Editors), 1999, Chapter 12, 224-253.
  • “Options Markets, Self-fulfilling Prophecies, and Implied Volatilities,” (co-authored with R.A. Jarrow), Review of Derivatives Research, 1998, v.2, 5-37.
  • “Information Trading, Volatility, and Liquidity in Options Markets,” (co-authored with A.F. Vila), The Research Foundation of the Chartered Financial Analysts (CFA) Institute Publications Series, January 1997, 1-26.
  • “Taurus: The Other Big Bang,” (co-authored with J. Mistry), March 1995, Boston University Case Study (#95-04). An account of London Stock Exchange’s experiment with an automated clearing and settlement system.
  • “Deriving Value from Derivatives,” The Manager, Spring 1995.
  • “Market Manipulation,” (co-authored with R.A. Jarrow), Handbooks in Operations Research and Management Science, 1995, v. 9, Chapter 20, 611-630.
  • “Market Manipulation and Corporate Finance: A New Perspective,” (co-authored with A. Chatterjea and R.A. Jarrow), Financial Management, Summer 1993, 200-209.
Working Papers
  • “Real and Cloned Hedge Fund Performance during the COVID-19 Pandemic: An Event Study,” (co-authored with C. Kon and Z. Li), February 2021, Working Paper.
  • “A Comprehensive Study of the Chinese Corporate Bond Market,” (co-authored with J. Mo and M. Subrahmanyam), June 2019, Working Paper.  To be resubmitted to the Annual Review of Financial Economics.
  • “The Low-Down on Hedge Funds: Reexamining the East-West Divide,” (co-authored with C. Kon and W. Weng), April 2014, CAMRI Thought Leadership Working Paper Series.
  • “Liquidity and Portfolio Management: An Intra-Day Analysis,” (co-authored with S. Mahanti and M. Subrahmanyam), March 2012, Working Paper.
  • “Discretionary Volatility Trading in Options Markets,” September 1999, Working Paper.

Joseph Cherian, a distinguished leader in academia and business, is CEO, President, Dean, and Distinguished Professor of the Asia School of Business. As Professor of Finance, he possesses a highly versatile, varied and distinguished international background, spanning academia, global financial markets, and strategic leadership in education. Professor Cherian’s academic career in teaching and researching finance, asset management and portfolio investments includes top global universities including Cornell University, National University of Singapore, and Boston University. Apart from teaching at the Asia School of Business, he most recently served as Visiting Professor of Finance of the Samuel Curtis Johnson Graduate School of Management at the SC Johnson College of Business, Cornell University.

Professor Cherian’s professional experience in the financial services sector spanned asset management where he managed US$67 billion in client assets as Global Head and Chief Investment Officer of the Quantitative Strategies Group at Credit Suisse Asset Management. While at Credit Suisse, he served on the Global Executive Committee, as well as various senior management, investments, and risk committees of the Asset Management division. He joined the financial industry in New York after an academic career in the US, including as an Associate Professor of Finance at Boston University. He continues to be involved in the financial industry through advisory roles to governments and think-tanks in the Asia-Pacific region, including Australia, Malaysia, Hong Kong and Singapore, in areas such as venture funds, asset management, pensions and capital market policies and reforms.

He was formerly an Executive-in-Residence and a two-term member of the Johnson Graduate School of Management’s Dean’s Advisory Council at Cornell University and is now an Emeritus Member of the Dean’s Council. Joe currently serves as an Advisor to Asia Asset Management in Hong Kong, the Mercer-CFA Institute Global Pensions Index’s Advisory Board in Australia, and is a member of the Board of the Institute for Capital Market Research, an initiative by the Securities Commission Malaysia. He has had appointments at Singapore’s Central Provident Fund (CPF) Advisory Panel and the National Research Foundation’s Early-Stage Venture Fund Evaluation Panel; Professor Cherian continues to serve as an ad hoc advisor to the Singapore government.

Professor Cherian was an Independent Non-Executive Director of Bursa Malaysia in Kuala Lumpur, a Scientific Advisor to Nipun Capital, a boutique hedge fund based in San Francisco, a consultant to Fullerton Fund Management, a Temasek subsidiary in Singapore, Singapore Exchange (SGX), and served on the Journal of Alternative Investments’ Editorial Board in the US. Joe holds a BSc in Electrical Engineering from MIT, and MSc and PhD degrees in Finance from Cornell University.

  • The Return of Beta: Rethinking Hedge Fund Performance, Nomura Journal of Asian Capital Markets, Autumn 2025, Vol. 10, Issue 17, 8 September 2025.
  • “Track to the Future: Investment, Finance and Lessons for the New Economy.” https://doi.org/10.1142/13014 | April 2023, Pages: 200, Joseph Cherian. A specialized writing of my published papers, essays, op-eds, commentaries, and other works in the areas of asset management, retirement finance and infrastructure finance. (Publisher: World Scientific Publishing) (URL: https://www.worldscientific.com/worldscibooks/10.1142/13014#t=aboutBook)
  • “Foreign Clientele Effects in Malaysian Sovereign Bond Markets: Evidence from Islamic Sukuk Bonds in Malaysia,” (co-authored with M. Chen, Z. Li, Y. Shao and M. Subrahmanyam), 2022, Critical Finance Review: Vol. 11: No. 3-4, pp 677-745. http://dx.doi.org/10.1561/104.00000124
  • Improving Resilience to Systemic Crises through Financing Innovations: Lessons and Recommendations from Singapore, Nomura Journal of Asian Capital Markets, Autumn 2021, Vol. 6, Issue 1, 8 September 2021.
  • “Replicas: Have Hedge Funds Re-Resurrected as Traditional Beta?” (co-authored with C. Kon and Z. Li), January 2021, Revise and resubmit at the Journal of Banking & Finance. (SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3704649)
  • "A Tail of Two Cities: On the Downside Risk and Loss Profile of Asian and North American Hedge Funds," (co-authored with C. Kon and W. Weng), Journal of Alternative Investments, Summer 2016, v. 19, 55-77.
  • "Worry-free Inflation-Indexing for Sovereigns: How Governments Can Effectively Deliver Inflation-Indexed Returns to Their Citizens and Retirees,” (co-authored with Z. Bodie and W.K. Chua), Life-cycle Investing: Financial Education and Consumer Protection (CFA Institute), The Research Foundation of the Chartered Financial Analysts (CFA) Institute Publications Series, Z. Bodie, L.B. Siegel and L. Stanton (Editors), November 2012, 139-161.
  • "A Model of the Convenience Yields in On-the-run Treasuries," (co-authored with R.A. Jarrow and E. Jacquier), Review of Derivatives Research, 2004, v.7, 79-97.
  • "Option Pricing and Foreign Investment under Political Risk,” (co-authored with E. Perotti), Journal of International Economics, December 2001, v.55 (2), 359-377.
  • "An Empirical Analysis of Directional and Volatility Trading in Options Markets," (co-authored with Y. Weng), Journal of Derivatives, Winter 1999, v.77, 53-65.
  • "Optimal Extraction of Nonrenewable Resources when Costs Cumulate," (co-authored with J. Patel and I. Khripko), Project Flexibility, Agency, and Product Market Competition: New Developments in the Theory and Application of Real Options Analysis, (Oxford University Press, NY), Michael J. Brennan and Lenos Trigeorgis (Editors), 1999, Chapter 12, 224-253.
  • "Options Markets, Self-fulfilling Prophecies, and Implied Volatilities," (co-authored with R.A. Jarrow), Review of Derivatives Research, 1998, v.2, 5-37.
  • "Information Trading, Volatility, and Liquidity in Options Markets," (co-authored with A.F. Vila), The Research Foundation of the Chartered Financial Analysts (CFA) Institute Publications Series, January 1997, 1-26.
  • "Taurus: The Other Big Bang," (co-authored with J. Mistry), March 1995, Boston University Case Study (#95-04). An account of London Stock Exchange's experiment with an automated clearing and settlement system.
  • "Deriving Value from Derivatives," The Manager, Spring 1995.
  • “Market Manipulation,” (co-authored with R.A. Jarrow), Handbooks in Operations Research and Management Science, 1995, v. 9, Chapter 20, 611-630.
  • "Market Manipulation and Corporate Finance: A New Perspective,” (co-authored with A. Chatterjea and R.A. Jarrow), Financial Management, Summer 1993, 200-209.
Working Papers
  • “Real and Cloned Hedge Fund Performance during the COVID-19 Pandemic: An Event Study,” (co-authored with C. Kon and Z. Li), February 2021, Working Paper.
  • “A Comprehensive Study of the Chinese Corporate Bond Market,” (co-authored with J. Mo and M. Subrahmanyam), June 2019, Working Paper.  To be resubmitted to the Annual Review of Financial Economics.
  • “The Low-Down on Hedge Funds: Reexamining the East-West Divide,” (co-authored with C. Kon and W. Weng), April 2014, CAMRI Thought Leadership Working Paper Series.
  • “Liquidity and Portfolio Management: An Intra-Day Analysis,” (co-authored with S. Mahanti and M. Subrahmanyam), March 2012, Working Paper.
  • "Discretionary Volatility Trading in Options Markets,” September 1999, Working Paper.