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Progress Magazine Annual Report 2011 - Eller College of ...

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uilding on a<br />

strong reputation<br />

Rick Sias joins<br />

eller as head <strong>of</strong><br />

finance department<br />

‘<br />

Finance is an easy<br />

subject to teach<br />

because it’s so<br />

exciting and dynamic.<br />

I can’t think <strong>of</strong><br />

another major<br />

academic field that<br />

has entire channels<br />

devoted to its coverage.<br />

Finance is covered<br />

in the media all<br />

the time and has<br />

an impact on<br />

everything we do –<br />

I want my students<br />

to care about the<br />

subject. That’s<br />

when learning is<br />

most effective.<br />

‘<br />

The <strong>Eller</strong> <strong>College</strong> is pleased<br />

to welcome pr<strong>of</strong>essor Rick<br />

Sias, first holder <strong>of</strong> the<br />

Tyler Family Endowed<br />

Chair in Finance, as the<br />

newly-appointed head <strong>of</strong><br />

the finance department.<br />

Sias is a research leader<br />

whose <strong>of</strong>t-cited work<br />

centers on the behavior <strong>of</strong><br />

institutional investors and<br />

their effect on security<br />

prices and markets. He<br />

comes to the University <strong>of</strong><br />

Arizona from Washington<br />

State University (WSU),<br />

where he founded,<br />

designed, and ran a<br />

program through which<br />

undergraduate and MBA<br />

students managed more<br />

than $1 million <strong>of</strong> the<br />

university’s endowment<br />

in a large cap domestic<br />

equity portfolio. Sias<br />

estimates that some 500<br />

students participated in<br />

the program over the ten<br />

years that he ran it.<br />

Sias joined WSU in 1992,<br />

after completing his<br />

doctoral studies at the<br />

University <strong>of</strong> Texas at Austin.<br />

During his time at WSU,<br />

he won numerous awards<br />

for both his teaching and<br />

research. He created a<br />

lecture series that brought<br />

game-changing financial<br />

and economic thinkers —<br />

including four Nobel<br />

Laureates — to campus,<br />

where they connected<br />

with students, faculty,<br />

and community members.<br />

He also managed a program<br />

designed to take the school’s<br />

best finance students to<br />

New York, where they<br />

visited firms and networked<br />

with WSU alumni working<br />

on Wall Street.<br />

“The strong educational and<br />

scholarly reputation <strong>of</strong> the<br />

<strong>Eller</strong> <strong>College</strong> was what drew<br />

me to the UA,” he said, “but<br />

the department itself was<br />

the most exciting thing<br />

to me — the faculty here is<br />

so strong, and there<br />

is so much potential for<br />

future growth.”<br />

eller progress n fall <strong>2011</strong> 7

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