Luis M. Viceira

George E. Bates Professor
Senior Associate Dean for International Development

Luis M. Viceira is the George E. Bates Professor and Senior Associate Dean for International Development at the Harvard Business School (HBS). Professor Viceira has been a member of the faculty of the Harvard Business School since 1998. He develops research, case writing, and teaching in the areas of investment management and capital markets. He is currently the instructor for the Investment Management course in the Elective Curriculum of the MBA Program and co-chair of the CFA Institute Investment Management Program for asset managers at HBS. He holds a bachelor degree from the Universidad Autonoma in Madrid, and a M.A. degree and a Ph.D. degree from Harvard University.

Prof. Viceira is a financial economist interested in the study of asset allocation models, with an emphasis on models that explore the asset allocation implications of empirical regularities in asset pricing and on life-cycle investing; asset pricing, with an emphasis on models of the term structure of interest rates; household finance; and international finance. In his field and practitioner-oriented research Professor Viceira studies the design of asset allocation strategies for long-term investors, both individuals and institutions; pension fund design; the management and organization of large institutional investors, including pension funds, endowments, and large asset managers such as mutual fund companies or wealth management groups; and innovation and disruption in the money management industry.

Professor Viceira is the author of multiple journal articles published in leading academic and practitioner-oriented finance journals, book chapters, Harvard Business School case studies, and the book Strategic Asset Allocation with John Y. Campbell). His research has been published in the Journal of Finance, the Journal of Financial Economics, the Review of Financial Studies, the American Economic Review, the Quarterly Journal of Economics, the Review of Finance, and the Financial Analysts Journal, among others.

His research has received several awards recognizing its contributions to the theory and practice of asset management, including the 2002 TIAA-CREF Paul Samuelson Award, the 2005 Graham and Dodd Award by the CFA Institute, the 2004 Prize for Financial Innovation of the Q-Group, Inquire Europe, and Inquire U.K., and the 2014 Arthur Warga Award by the The Society for Financial Studies. He has also served as judge for the TIAA-CREF Paul Samuelson Award, and as a member of the program committee of the Annual Meeting of the American Finance Association, the Western Finance Association, the European Finance Association, and the European Financial Management Association, among others.

Professor Viceira is a Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts, a fellow of the TIAA-CREF Institute in New York, a member of the Scientific Council of NETSPAR, the network for research on the economics of pensions, aging, and retirement in Tilburg University in The Netherlands, and a past director of the European Finance Association.

Professor Viceira serves as an external consultant, advisor, and director to asset management firms, pension funds, sovereign wealth funds, central banks, international organizations, insurance companies, and not-for-profit organizations. He is also a public Governor of the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization for the securities industry in the United States, and past trustee of the Financial Accounting Foundation, the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) in the United States.

Luis M. Viceira In the News

17 Feb 2014
HBS Working Knowledge
11 Oct 2013
NBER Reporter
11 May 2013
Wall Street Journal
26 Oct 2010
Wall Street Journal