Goldman Sachs Chief Learning Officer Named Dean of UC Berkeley’s Haas School of Business
July 18, 2008
Ute S. Frey
UC Berkeley Haas School of Business
Richard K. Lyons, the chief learning officer of Goldman Sachs, New York, was named the 14th dean of the University of California, Berkeley’s Haas School of Business, UC Berkeley Chancellor Robert Birgeneau announced today (July 18, 2008).
The announcement followed approval of the appointment by the UC Regents yesterday (July 17, 2008) and is retroactive to July 4, 2008. Lyons was selected after an extensive national search.
Lyons holds a professorship at the Haas School and served as acting dean of the school in 2004/05. He succeeds Tom Campbell, an economist, a former Stanford Law School professor, and former Congressman, who led the Haas School since 2002.
As chief learning officer of Goldman Sachs, Lyons' main responsibility was directing a part of Goldman Sachs called Pine Street, the group charged with developing leadership among the firm's managing directors and partners. Goldman Sachs is known for attracting and developing leaders, many of whom have gone on to public service or to run other firms.
"I learned that you can't overestimate the importance of great people in building great firms. And that's the business we're in here at Haas," Lyons said. "I'm also fortunate to have experienced where the leadership 'puck' is going. Haas, with its broad-based strengths, is in an excellent position to skate toward it."
UC Berkeley's Haas School, the second oldest business school in the United States and the oldest business school at a US public university, provides top-ranked business and management programs. It has 2,200 students in six degree programs and more than 35,000 alumni.
Lyons served as the Haas School's acting dean while Campbell took a sabbatical to be the California finance director under Gov. Arnold Schwarzenegger from 2004 to 2005. Lyons then held the Sylvan Coleman Professorship in Finance at the Haas School and served as executive associate dean from 2005 to 2006, before joining Goldman Sachs. He now holds the S. K. and Angela Chan Chair in Global Management.
"Just imagine getting the opportunity to come home to your alma mater, in the same department no less, and serve in this way,” said Lyons, who earned his undergraduate business degree at the Haas School in 1982 and joined the Haas faculty in 1993. “My wife, Jen, and I couldn't be more excited."
As dean, Lyons will oversee the Haas School's efforts to expand its faculty to its largest size ever; enhance student services; continue curriculum improvements; build the endowment; and plan for a new building.
Lyons says he will continue to sharpen the school's strategic positioning, which he spearheaded as executive associate dean. As chief architect of the new strategy, Lyons built a strong consensus within the Haas School community and helped begin implementing new initiatives to make it a reality.
Among academic peers, Lyons is best known for his pioneering work in international finance and foreign exchange. His book, The Microstructure Approach to Exchange Rates, published by MIT Press in 2001, broke away from the tradition of analyzing exchange rates using a macroeconomic approach. Instead, Lyons focused on the economics of financial information and how conceptual frameworks within a field called microstructure finance help to clarify the types of information most relevant to exchange rates. His book offered new insights on how puzzling exchange rate behavior can be explained.
"Rich has been an outstanding contributor on all three of the usual dimensions of faculty performance: research, teaching, and service," said Jim Lincoln, outgoing associate dean for academic affairs and a member of the dean search committee. "His impeccable credentials as researcher and teacher, combined with his successful past track record as associate and interim dean, will serve him extremely well in taking Haas to the next level of business school excellence."
Lyons was awarded the Haas School’s Cheit Award for Excellence in Teaching six times by his students in the Full-time MBA, Evening & Weekend MBA, and Master’s in Financial Engineering programs. In 1998, he received UC Berkeley’s highest teaching honor, the Distinguished Teaching Award.
Lyons has been granted several National Science Foundation Awards, including a graduate fellowship from 1984 until 1987, the period when he earned his Ph.D. in economics from the Massachusetts Institute of Technology.
Lyons has consulted with the International Monetary Fund, the World Bank, the Federal Reserve Bank, and Citibank. He has served as a director for Barclays Global Investors iShares and as chairman of the board of Matthews Asian Funds. He has held visiting appointments at the University of Toulouse, France; Stockholm University, Sweden; London School of Economics, UK; Foundation for Advanced Information and Research, Japan; and the University of Aix-Marseille, France.
Lyons is fluent in French and is a talented musician with several musical copyrights. He is married. He and his wife, Jennifer, have two children.
NOTE: More information on Richard Lyons and a downloadable photo are available at http://www.haas.berkeley.edu/haas/dean/.