New Dean for Fuqua



Breeden: from professor to CEO to dean
Photo: Jim Bounds / News & Observer

Douglas T. Breeden, a finance scholar and entrepreneur who has founded and chaired successful consulting and financial management firms, has been selected dean of the Fuqua School of Business. His appointment follows an international search involving more than 200 candidates from academe, government, and the corporate sector.


Breeden is the Dalton McMichael Professor of Finance at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, whose faculty he joined last January. From 1985 to 1991, he was a tenured member of the Fuqua School's faculty. He continued to teach at Fuqua from 1991 to 1999 as a research professor while concentrating on leading Smith Breeden Associates Inc., a consulting and money-management firm.

Breeden will become Fuqua's fifth dean on July 1. He will succeed Rex D. Adams '62, who is stepping down after a five-year term as dean during which the school significantly expanded its facilities, more than doubled its endowment, established the university's first overseas campus in Frankfurt, Germany, and expanded its innovative use of technology and distance learning in management education. Adams says he plans to pursue other projects at Duke and elsewhere and spend more time with his family.

Breeden earned his undergraduate degree in management science at the Massachusetts Institute of Technology's Sloan School of Management and his master's in economics and Ph.D. in finance from Stanford University's Graduate School of Business. After completing his doctoral work, he joined the faculty of the University of Chicago's Graduate School of Business. He subsequently taught at Stanford and M.I.T. He was a visiting professor at Yale University's School of Organization and Management and the Nomura School of Advanced Management in Tokyo.

In 1982, he co-founded Smith Breeden Associates Inc., a money-management firm with more than $10 billion under management for pension accounts, foundations, mutual funds, and separate accounts. Smith Breeden Associates also consults with banks and savings and loans on risk management, specializing in mortgages. In 1999, he stepped down as CEO and returned to teaching and research at Kenan-Flagler. He continues as chair of Smith Breeden Associates.

His financial research has been cited more than 800 times in scholarly publications. In 1991, he founded the Journal of Fixed Income, and he still serves as its editor. Breeden also has been associate editor of a number of other leading finance publications, including the Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Financial Economics, and Journal of Money, Credit, and Banking.




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