Professor Menachem Brenner
Menachem Brenner is Research Professor of Finance at the Leonard N. Stern School of Business at New York University. Professor Brenner holds M.A. and Ph.D. degrees in finance and economics from Cornell University and a B.A. degree in economics from the Hebrew University, Jerusalem.
Prof. Brenner has written more than 60 scholarly articles in diverse areas of finance and economics. His articles have appeared in leading journals including the Journal of Finance, the Journal of Financial Economics, the Journal of Business, the Journal of Political Economy and the Journal of Monetary Economics. His most recent work deals with volatility derivatives, inflation risk premia, insider trading in M&As and spinoffs, and derivatives as the ultimate innovation. Prof. Brenner has served as an associate editor and referee for financial and economic journals. He was a founding editor of the Review of Derivatives Research.
In 1986, Prof. Brenner co-invented, with Prof. Dan Galai, the volatility index based on the prices of traded index options and introduced the innovative idea of volatility derivatives, an idea implemented 20 years later.
Prof. Brenner served as a consultant to leading stock exchanges and financial institutions such as the American Stock Exchange, Athens Derivatives Exchange, SOFFEX, Bombay Stock Exchange, Tel-Aviv Stock Exchange, Bank of Israel, Israel Securities Authority and others.
He was also a floor trader in futures and options on the New York Futures Exchange and the NYSE. He has taught in many executive programs for major financial institutions (e.g., JP Morgan, Deutsche Bank, Smith Barney, Yamaichi Securities, Garantia, Swiss Bank Corp., and Credit Swiss).
Prof. Brenner is a former member of the board of directors of the Tel-Aviv Stock Exchange and chairman of the New Products committee. He was also formerly a member of the advisory panel on Emerging Markets Investable Indices at the International Finance Corporation.