Lucio Sarno is Professor of Finance at Cass Business School, City, University of London, and a Research Fellow of the Centre for Economic Policy Research (CEPR). He previously held teaching and research positions at the University of Warwick, the University of Oxford and Columbia University.
Lucio’s main research and teaching interests are in international finance, empirical asset pricing, and asset management. He also has broad interests in macroeconomics and its interaction with financial markets, especially the effects of monetary and exchange rate policy. He is the author over 80 articles, published in top finance journals such as the Journal of Finance, the Journal of Financial Economics and Review of Financial Studies, as well as general and top field journals in economics. He has authored and edited several books, including the Handbook of Exchange Rates (Wiley, 2012) and the graduate textbook The Economics of Exchange Rates (Cambridge University Press, 2003). His work is often featured or quoted in the press, including the Financial Times, the Wall Street Journal, and the New York Times.
Lucio's research has received funding from several agencies, including three ESRC grants and three INQUIRE grants, and has been awarded the Best Paper Prize for Investments by the Western Finance Association in 2013, Best Paper Prizes by INQUIRE both in 2010 and 2011, the 2007 CEPR Prize for the Best Central Bank Research Paper, the 2017 CFA Institute Best Paper Prize at the FIRN Annual Conference, and the 2017 Runner-up Prize by WINNER (Wealth Innovation, Neuro- and Entrepreneurial Results). In 2011, he was chosen by Poets & Quants to be among their "40 under 40", a listing of the best 40 business schools professors under the age of 40.
In addition to teaching and doing research, Lucio has been involved in policy advice, training, research and consulting projects for a number of institutions, including the International Monetary Fund, the European Central Bank, the Federal Reserve Banks of New York and St. Louis, the Bank of Canada, the Central Bank of Norway, the Italian Ministry of Economy and Finance, the World Bank, and the European Commission. He has wide-ranging consulting experience (over 15 years), involving some of the world's leading asset management firms, hedge funds, sovereign wealth funds, investment banks, and their research units, and has held senior positions outside academia, including as Director of Currency Research at AXA Investment Managers. He is currently a member of the Senior Advisory Board ("Consiglio degli Esperti") of the Department of the Treasury of Italy.