Dr. Darrell Duffie

Dr. J. Darrell Duffie will receive an honorary doctor of letters at The University of New Brunswick Fredericton campus’s 195th Encaenia Ceremony on Wednesday, May 15.

Dr. Duffie is the Adams Distinguished Professor of Management and Professor of Finance at the Graduate School of Business, Stanford University. In addition to being considered a prized teacher and mentor, he is recognized as one of the most influential financial economists of his generation.

He began his academic career by earning a bachelor of science in civil engineering at UNB in 1975, and is a distinguished alumnus. He received a master of economics in statistics from the University of New England in 1980 and a PhD from Stanford’s engineering economic systems department in 1984.

A respected expert in the field of finance and economics, Dr. Duffie has been recognized with research awards, fellowships, teaching awards, and a Financial Engineer of the Year Award. He has been a member of numerous academic editorial boards. Dr. Duffie has been an advisor for the World Economic Forum, the Federal Reserve Bank of New York, the Society of Financial Econometrics, and the Scientific Councils of the Swiss Finance Institute and the Duisenberg Institute, among many other international bodies. He was President of the American Finance Association and is a fellow of the American Academy of Arts and Sciences.

Dr. Duffie is the author of more than 70 peer-reviewed research articles and numerous books, including How Big Banks Fail – And What to Do about it. His highly regarded and widely cited graduate textbook, "Dynamic Asset Pricing Theory," offers a comprehensive exploration of modern mathematical finance.

Duffie has also applied his research to practice, including through his service on the Boards of Directors of organizations such as Moody’s Corporation, iShares Funds and Trusts, and Dimensional Funds. He has provided Congressional testimony to various committees of the US House of Representatives and the US Senate.