
Turnbull quits Lehman for return to academia
Before that he held the Bank of Montreal chair of banking and finance at Queens University of Canada. In 1995 Turnbull wrote the seminal paper, Pricing derivatives on financial securities subject to credit risk, with Cornell University’s Robert Jarrow. The article provided a new methodology for pricing and hedging derivatives securities involving credit risk.
At the University of Houston he will continue to research in the general areas of credit pricing, risk management, and financial economics.
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