Larry Benveniste Principal

Phone: (734) 995-7271

Dr. Benveniste is a founding principal of University Financial Associates LLC and has provided consulting services for major commercial banks, savings and loans, the Resolution Trust Corporation, real estate investment trusts and financial consulting firms. His services have included advising on mergers, complex financial and real estate valuation, development of methods to project default risk in mortgage loans and designing incentive oriented contracts. He has also developed an array of financial software products including highly sophisticated mortgage and real estate valuation products.

Lawrence M. Benveniste, Ph.D., is former dean of Emory University’s Goizueta Business School. He also holds the academic position of the Asa Griggs Candler Professor of Finance. Prior to his current role, Benveniste served as Dean of the Carlson School of Management at the University of Minnesota. He rose to the rank of dean from his faculty position as the U.S. Bancorp Professor of Finance. He also served on the faculties of Boston College, Northwestern University, the University of Pennsylvania and the University of Rochester. Benveniste worked as a staff economist for the Board of Governors to the Federal Reserve System in Washington, D.C., where he helped to develop several significant regulatory initiatives, including risk-based capital, which monitors the equity value of commercial banks to protect the deposit insurance system. He is currently on the Board of Directors of Alliance Data Systems and Rimage Corporation.

Dr. Benveniste received his Ph.D. in Mathematics from the University of California at Berkeley. His dissertation, entitled Essays in Capital Theory, has become a standard reference for its modeling of asset pricing and capital formation.

Selected Publications:

The Failure of Drexel Burnham Lambert: Evidence on the Implications for Commercial Banks, with M. Singh and W. Wilhelm, Journal of Financial Intermediation, 1994

Contract Design for Problem Asset Disposition, with D. Capozza, R. Kormendi and W. Wilhelm, Journal of the American Real Estate and Urban Economics Association, 1994

 What’s Special About the Specialist, with A. Marcus and W. Wilhelm, Journal of Financial Economics, 1992

Price Stabilization as a Bounding Mechanism in New Equity Issues, with W. Busaba and W. Wilhelm, Journal of Financial Economics, 1996