Dr. Jamus Jerome Lim, senior economist, World Bank, examines the political economy of the international financial crisis and the channels the led to the Great Recession of 2008 in the this Economics Advisory Board Lecture presented by Oakland University’s School of Business Administration.  The free lecture, “The Political Economy of International Financial Crisis” (aka The Case of the Great Recession) is 5 p.m., Tuesday, Nov. 6, in 242 Elliott Hall. It is open to the public.

London-based wealth manager and financial planner Mark Scher, SBA ’90, maximizes the investments of his clients -- U.S. citizens and ex-pats living in the U.K. -- by navigating complex U.S. and U.K. tax laws. Scher uses his thorough understanding of the intricacies of the dollar, pound, euro, tax rates, capital gains, dividends and tax credits to help wealthy American bankers and lawyers invest.

Scher is a member of an elite group. As one of about 30 wealth managers licensed in both countries, he is uniquely qualified to offer financial services to the estimated 200,000 U.S. citizens living in the U.K. The members of this group combined hold nearly $100 billion in investible assets.

When alumni return to OU's School of Business Administration to recruit employees, it sends two clear messages: they believe in the education they received, and they believe in OU SBA graduates.

Throughout his career (full story here), Robert Manilla, SBA (Finance) '85, vice president and chief investment officer, Kresge Foundation, has been involved in recruiting new talent. Knowing the valuable skills he gained at OU's SBA and the school's success in graduating students with knowledge, skills and ethics that make for good employees, he has returned to campus to search for employees.

On one of these visits, Manilla met and hired triple major Elena Popova, SBA/CAS '11 (Finance, Economics, Math), as an investment analyst to work closely with Kresge's investment team in all phases of the investment process, from sourcing to final close, with a special focus on quantitative data analysis.  

Dr. Carmen Reinhart, one of the world’s foremost authorities on financial crises, visited Oakland University on Thursday, March 24, to deliver the SBA’s 21^st annual Gorlin Memorial Lecture to an enthusiastic crowd of more than 200 students, faculty and members of the community at the Oakland Center.

Reinhart’s talk, entitled “A Decade of Debt,” spelled out the antecedents of the great financial crisis of 2007-08, detailed the aftermath of the crisis, and reflected on economic prospects for the future. She noted that, even three years out from the crisis, advanced economies such as the United States continue to be dogged by high unemployment and slow economic growth. She argued that the great buildup in both private and public indebtedness that took place prior to the crisis has cast a very long shadow on the economy and, therefore, that a robust recovery in the near term remains unlikely.

The Economics Department in OU’s School of Business Administration recently welcomed Paul Swanson SBA Economics ‘73, vice president, Trinity Health, and Dennis Janowski SBA Economics ’72, senior vice president, deputy manager, foreign exchange and derivatives groups, and manager of North American foreign exchange risk, to its Advisory Board.

Established to provide service to the SBA Economics Department, the board provides advice relating to curriculum, the business environment and university issues; assists students in a variety of ways including arranging speakers and creating student awards; and participating in activities in the department as well as the university overall.