Kelly named Frederick Frank ’54 and Mary C. Tanner Professor of Finance
Bryan Kelly, an internationally recognized scholar in financial economics whose research explores machine learning in finance and economics, has been appointed the Frederick Frank ’54 and Mary C. Tanner Professor of Finance, effective immediately.
Kelly, a member of the faculty at the Yale School of Management (SOM), is also a research fellow at the National Bureau of Economic Research, associate director of SOM’s International Center for Finance, and the head of machine learning at AQR Capital Management, LLC.
His primary research fields are asset pricing and financial econometrics. He is interested in issues related to financial machine learning; volatility, tail risk, and correlation modeling in financial markets; banking sector systemic risk; financial intermediation; and financial networks. His work spans many areas in financial economics and has had major impact, both academically and practically, given the wide adoption of his insights by firms and decision makers, colleagues say.
Kelly has published 39 papers in top journals, including American Economic Review, The Quarterly Journal of Economics, the Journal of Political Economy, the Journal of Finance, the Journal of Financial Economics, and The Review of Financial Studies. He is co-editor of the Journal of Financial Econometrics. And he has won several prestigious paper prizes for his work, including this year’s top paper in the Journal of Finance, the field’s most prestigious academic journal.
At Yale, he is also a valued mentor and teacher, and has played a key role in the success of the Yale SOM Master’s in Asset Management program.
Before joining Yale in 2017, Kelly was a tenured professor of finance at the University of Chicago Booth School of Business. He earned a bachelor’s degree in economics from the University of Chicago, a master’s degree in economics from University of California San Diego, and a Ph.D. in finance from New York University’s Stern School of Business. He worked in investment banking at Morgan Stanley prior to pursuing his Ph.D.
