TORONTO, July 11, 2001 -- A prominent professor of finance at the University of Toronto’s Rotman School of Management has been named the first recipient of the Peter L. Mitchelson / Sit Investment Associates Foundation Chair in Investment Strategy.

Alan White, who has taught at the U of T since 1987, is an internationally recognized authority on financial engineering. He is well known for his work with Rotman Professor John Hull concerning the development of the Hull-White Interest Rate Model and associated numerical procedures. This model is widely used by financial engineers in trading rooms around the world to value nonstandard interest rate derivatives. His research is principally in the area of derivative securities, their pricing and their use by financial institutions for risk management. Recently his research has been focused on the pricing and management of credit risk. Prof. White earned his Ph.D. from the U of T, his M.B.A. from McMaster University and his B.Eng. from McGill University.

Prof. White has made numerous contributions to the academic community publishing in both academic and practitioner journals and serving as the associate editor of the both the Journal of Financial and Quantitative Analysis and the Journal of Derivatives. At the Rotman School he has taught at the graduate level and served as the supervisor of the Finance Ph.D. program.

“The appointment of Prof. White as the first Peter L. Mitchelson / Sit Investment Associates Foundation Chair in Investment Strategy will help Rotman produce graduates that are better prepared to manage investment funds. It will also permit Prof. White to continue his research and teaching activities in investment policies and strategies,” says Roger Martin, Dean of the Rotman School. “We are also grateful to alumni like Peter Mitchelson and his colleagues at the Sit Investment Associates Foundation. With their support, Rotman can continue to attract and keep great professors like Alan White, which in turn, attracts great students and more great professors to the School.”

Peter L. Mitchelson, B'Comm'64, is a founding principal of Sit Investment Associates based in Minneapolis, Minnesota. He is currently the President and Chief Strategist of the firm.

The University of Toronto’s Rotman School offers leading-edge research and degree programs, including the prestigious Rotman MBA, the newly redesigned Part-Time MBA, the Executive MBA, a first-rate Doctoral Program, the distinctive Master of Management & Professional Accounting program, the undergraduate Commerce program in partnership with the Faculty of Arts and Science, combined programs with the University of Toronto faculties of Law, Engineering and Nursing, and an innovative series of Executive Programs tailored to the current needs of businesses and individual managers. -30- For more information contact: Ken McGuffin Media Relations Officer Joseph L. Rotman School of Management Phone: (416) 946-3818 Fax: (416) 978-1373 E-mail: mcguffin@rotman.utoronto.ca

Ken McGuffin
Media Relations Officer
Rotman School of Management
Voice: (416) 946-3818
E-mail: mcguffin@rotman.utoronto.ca

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