Dr. R H Patil Memorial Lecture 2018

As part of its Silver Jubilee celebrations, NSE is organising the ‘Dr R H Patil Memorial Lecture’ in the honour of its founder and Managing Director, Dr R H Patil. Dr Patil played a pivotal role in transforming India’s capital markets, thereby paving the way for both domestic and global investors to be part of the India growth story. This lecture will be an annual event going forward that will bring insights from quality domestic or international speakers of repute.

We are honoured and delighted to inform you that Prof Robert C Merton, a Nobel Laureate in Economics will be the Keynote Speaker for this year’s lecture. Prof Merton won the Nobel Prize in 1997 for a new methodology to value derivatives (Black-Scholes-Merton model). He is presently the Distinguished Professor of Finance at the MIT Sloan School of Management and University Professor Emeritus at Harvard University. He is past President of the American Finance Association, a member of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences. He holds honorary degrees from eighteen universities.

Prof Merton’s research focuses on finance theory including lifecycle finance, optimal inter temporal portfolio selection, capital asset pricing, pricing of options, risky corporate debt, loan guarantees, and other complex derivative securities. He has also written on the operation and regulation of financial institutions. Prof Merton has also been recognized for translating finance science into practice. During the last few decades he has been actively associated with various fund houses including Arbitrage Management Company (AMC), Long Term Capital Management which he founded and Dimension Fund Advisors.

His detailed biography which is very interesting can be accessed at https://www.nobelprize.org/prizes/economics/1997/merton/auto-biography