.gif)
Richard Lyons (Dean of Haas School of Business)
Encyclopedia
Richard Kent Lyons is the 14th Dean of the Haas School of Business
, U.C. Berkeley. Prior to becoming Dean in July 2008, he served as the Chief Learning Officer at Goldman Sachs
in New York
, a position he had held since 2006.
in Economics from MIT. Before working at Goldman Sachs, Lyons served as Acting Dean of the Haas School from 2004 to 2005 and as Executive Associate Dean and Sylvan Coleman Professor of Finance from 2005 to 2006. Before coming to Haas, Lyons also spent six years on the faculty at Columbia Business School
. His teaching expertise is in international finance
. Lyons is fluent in French and is also an accomplished musician, owning several musical copyrights. He and his wife, Jennifer, have two children.
focuses on currency markets, a focus reflected in his recent book “The Microstructure Approach to Exchange Rates” (MIT Press
). This novel approach to exchange rates examines the market
from a trading-room perspective, e.g., the flow of buy and sell orders and why those orders subsequently affect prices, rather than from the traditional perspective of macroeconomics
. This line of work focuses on how dispersed information gets reflected in prices via trading. He has published numerous articles on these and other related topics. Recently, his research has taken a quite different tack, namely, exploring the links between leadership
and innovation
in organizations.
, the International Monetary Fund
, the European Central Bank
, and Citibank
. He is a member of the Council on Foreign Relations
, an Associate Editor of the California Management Review, and, prior to joining Goldman Sachs, served as Chair of the Board of Directors
of Matthews Asia Funds, and a member of the Board of Directors of iShares
(Barclays Global Investors). Lyons continues to serve as Faculty Director for U.C. Berkeley’s Blum Center for Developing Economies.
Haas School of Business
The Walter A. Haas School of Business, also known as the Haas School of Business or simply Haas, is one of 14 schools and colleges at the University of California, Berkeley....
, U.C. Berkeley. Prior to becoming Dean in July 2008, he served as the Chief Learning Officer at Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, a position he had held since 2006.
Biography
Lyons was born on February 10, 1961 in Palo Alto, CA, USA. Lyons earned his BS in Business with highest honors from U.C. Berkeley in 1982. In 1987 he received his PhDPHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
in Economics from MIT. Before working at Goldman Sachs, Lyons served as Acting Dean of the Haas School from 2004 to 2005 and as Executive Associate Dean and Sylvan Coleman Professor of Finance from 2005 to 2006. Before coming to Haas, Lyons also spent six years on the faculty at Columbia Business School
Columbia Business School
Columbia Business School is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students...
. His teaching expertise is in international finance
International finance
International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, global financial system, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes...
. Lyons is fluent in French and is also an accomplished musician, owning several musical copyrights. He and his wife, Jennifer, have two children.
Research
Lyons’ early researchResearch
Research can be defined as the scientific search for knowledge, or as any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method...
focuses on currency markets, a focus reflected in his recent book “The Microstructure Approach to Exchange Rates” (MIT Press
MIT Press
The MIT Press is a university press affiliated with the Massachusetts Institute of Technology in Cambridge, Massachusetts .-History:...
). This novel approach to exchange rates examines the market
Market
A market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers...
from a trading-room perspective, e.g., the flow of buy and sell orders and why those orders subsequently affect prices, rather than from the traditional perspective of macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
. This line of work focuses on how dispersed information gets reflected in prices via trading. He has published numerous articles on these and other related topics. Recently, his research has taken a quite different tack, namely, exploring the links between leadership
Leadership
Leadership has been described as the “process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task". Other in-depth definitions of leadership have also emerged.-Theories:...
and innovation
Innovation
Innovation is the creation of better or more effective products, processes, technologies, or ideas that are accepted by markets, governments, and society...
in organizations.
Teaching
Lyons is also a highly respected educator and a popular professor: in 1998 he received U.C. Berkeley’s highest teaching honor, the Distinguished Teaching Award, and has won the Haas School’s Teacher of the Year (Cheit) award six times.Other Professional Activities
Lyons' past consulting relationships include the Federal Reserve BankFederal Reserve Bank
The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States. The twelve federal reserve banks together divide the nation into twelve Federal Reserve Districts, the twelve banking districts created by the Federal Reserve Act of...
, the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
, the European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...
, and Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
. He is a member of the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
, an Associate Editor of the California Management Review, and, prior to joining Goldman Sachs, served as Chair of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of Matthews Asia Funds, and a member of the Board of Directors of iShares
IShares
iShares are a family of exchange-traded funds managed by BlackRock. The first iShares were known as WEBS but were since rebranded.Each iShares fund tracks a bond or stock market index...
(Barclays Global Investors). Lyons continues to serve as Faculty Director for U.C. Berkeley’s Blum Center for Developing Economies.