NBER Profile: Michael J. Brennan.

• Position: Brief Article

Michael J. Brennan, the Goldyne and Irwin Hearsh Chair in Money and Banking at UCLA's Anderson Graduate School of Management, was elected to the NBER's Board of Directors this spring to represent the University of California, Los Angeles. Brennan is a professor of finance at both the Anderson School and the London Business School. He holds a Ph.D. in business from MIT, an M.B.A. from the University of Pittsburgh, and Bachelor of Arts and Bachelor of Philosophy degrees from Oxford University.

Brennan taught at the University of British Columbia from 1970 to 1986, rising through the ranks from assistant professor to the Albert E. Hall Professor of Finance in 1979. In 1986 Brennan joined the Anderson School faculty. His research interests include asset pricing and the role of information in financial markets, dynamic portfolio theory, and market microstructure.

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