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Theo Vermaelen

UBS Chair in Investment Banking, endowed in honor of Henry Grunfeld

Theo Vermaelen is the UBS Chaired Professor in Investment Banking endowed in honour of Henry Grunfeld. At INSEAD he teaches in the MBA program and the Executive Masters in Finance program, teaching Corporate Finance as well as Ethical Decision making in Business. He is a graduate from the Catholic University of Leuven (Commercial engineer) as well as a graduate from the University of Chicago where he earned an MBA in 1976 and a Ph.D. in Business Administration.

Prior to joining INSEAD he taught at the University of British Columbia, The Catholic University of Leuven, the London Business School, Maastricht University as well as at the University of Chicago where he has been a regular visiting professor during the Summers of 2000-2023.

Professor Vermaelen published numerous articles in top academic Journals such as the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies ,the Journal of Financial and Quantitative Analysis, the Journal of Corporate Finance and the Journal of Banking and Finance. His main research topic is share repurchases as he published more than 15 articles as well as a book on the topic. He used the insights of his research to launch the first buyback fund in the world, KBC Buyback America in 1998 as well as the PV Buyback USA fund in 2011.   He is one of the founding editors of the Journal of Empirical Finance and he was a programme director at the Amsterdam Institute of Finance until 2020. He has been consultant to various corporations and government agencies. 

He is an unapologetic supporter of shreholder value maximization as can be verified in the following video interview: INSEAD Professor Theo Vermaelen on maximising shareholder value (youtube.com)

CV

Contact

Theo Vermaelen
Emeritus Professor of Finance

INSEAD Europe Campus
Boulevard de Constance
77305 Fontainebleau Cedex
France

Tel: 33 1 60 72 44 32
Email: [email protected]

Assistant: Lucie Soares
Tel: 33 1 60 72 42 14
Email: [email protected]