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CFA Institute Appoints Stephen J. Brown as Executive Editor of the Financial Analysts Journal

22 July, 2015
United States
Appointment reinforces the FAJ’s goal of advancing the practice of investment management through high-quality, practitioner-relevant content.

CFA Institute, the global association of investment management professionals, has appointed Stephen J. Brown, David S. Loeb Professor of Finance at the Leonard N. Stern School of Business, New York University, as executive editor of the Financial Analysts Journal (FAJ). In his role, Brown will contribute to extending the growing stature, influence and thought leadership qualities of the FAJ. Brown’s appointment is effective Sept. 1, 2015.

“This is a significant appointment for CFA Institute and the FAJ,” said Barbara Petitt, CFA, managing editor of the FAJ. “Stephen has been a well-regarded contributor to CFA Institute over the years, through his role on the Research Foundation Review Board and as a reviewer for the FAJ. He brings a wealth of editorial experience at high-quality academic journals, which will help to reinforce the value of the content within the publication for many years to come.”

Brown is currently a managing editor of The Journal of Financial and Quantitative Analysis. He was a founding editor of the Review of Financial Studies and has served on the editorial board of The Journal of Finance and other journals. He has published numerous articles and five books on finance and economics related areas, including Quantitative Methods for Financial Analysis which was commissioned by CFA Institute. Brown has also served as an expert witness for the US Department of Justice and has testified on his research before a Full Committee Hearing of the US Congress House Financial Services Committee in March 2007. He graduated from Monash University in Australia and studied at the University of Chicago, earning an MBA in 1974 and a PhD in 1976. He is a member of NYSSA and CFA Society Melbourne.

“I have always looked upon CFA Institute and the FAJ with great admiration for the issues and points of discussion it brings to the forefront,” said Brown. “In my new role and as a member of the organization, I am strongly committed to the CFA Institute mission and to upholding its Code and Standards. My new appointment is a great honor for me and I welcome the chance to work with highly regarded investment professionals and esteemed researchers and writers.”

Brown was recently named as a recipient of the 2015 Jack L. Treynor Research Prize by Q Group. The award, presented for his article Betting Against Beta or Demand for Lottery, recognizes superior academic research with potential applications in the fields of investment management and financial markets.

CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow.