Issue link: https://maltatoday.uberflip.com/i/1094338
11 maltatoday | WEDNESDAY • 20 MARCH 2019 PROFESSOR SUJOY MUK- ERJI, HEAD of the School of Economics and Finance at Queen Mary University of Lon- don (QMUL), delivered a pub- lic lecture at the Central Bank of Malta on Friday 15 March with the theme Knightian un- certainty and asset prices. The speaker was introduced by the Bank's Chief Economist Dr Aaron G. Grech. Mukerji studied at the Delhi School of Economics and at Yale University where he ob- tained his PhD. He came to QMUL from Oxford Univer- sity (University College). His research has primarily been on decision making under ambig- uous uncertainty (sometimes called "Knightian Uncertain- ty"), its foundations and its rel- evance in economic and finan- cial contexts. His broader research in- terests lie in the intersection of bounded rationality and economic theory. Professor Mukerji has published widely in the leading journals of eco- nomics and is associate editor at Econometrica, the profes- sion's most highly regarded journal. In his lecture, Mukerji dis- cussed some recent develop- ments in the theory of deci- sion-making under uncertainty and argued that these new the- ories and models are singularly useful in explaining and under- standing the key facts of the 2008-12 credit crises and the time and cross-sectional varia- tion in asset prices. Moreover, he argued that the understanding of the credit cri- ses based on these theories has significant policy implications about how such crises may be alleviated. While the formal ar- ticulation of the theories took place only recently, the seminal ideas were already put forward in the 1920s by Keynes and Knight, who pointed out that for many important economic decisions, the decision maker faced "genuine" uncertainty of the kind where s/he did not have very reliable information about the relevant odds. The Central Bank of Malta and QMUL have recently es- tablished an academic visitors' programme, which will en- able the engagement of visiting scholars and interns to under- take research on jointly agreed projects. In 2018 the two in- stitutions organised a joint conference in London on "The euro: Views from the Com- monwealth". This is the third lecture by an international speaker at the Bank this year. During 2018, the Bank hosted 14 interna- tional lecturers. OPINION BUSINESS Central Bank of Malta public lecture on Knightian uncertainty and asset prices GABRIEL Mansueto has recently been appoint- ed Head of Investment Advisors at Jesmond Mizzi Financial Advi- sors Ltd (JMFA). This highlights another step forward within the Com- pany's plans for on-going growth. Mansueto joined JMFA in 2009 after reading for an honours degree in Economics at the Univer- sity of Malta. He started his career as an assistant investments advisor and one year later he took over the role of trader on the Malta Stock Ex- change. During his employment Mansueto completed the CeFA qualification enabling him to become a qualified investment advisor and his areas of specialisation include in- vestment advice, fixed income and multi-asset investments. Later he completed a Master's Degree in Banking and Finance and in 2016 he was promoted to senior investment advisor. During a time when JMFA extended its distri- bution network to start operating from four dif- ferent locations, Man- sueto managed the B'Kara Branch. In his career, Mansueto has shown constant dedi- cation in dealing with clients, to provide them with the best possible investment advice and customer service. He has proven his strength in bringing fresh impulses into the advisory team and leading it to success. Recently Mansueto was appointed Head of Invest- ment Advisors, respon- sible for co-ordinating a team of investment advi- sors and traders. Jesmond Mizzi, Manag- ing Director at Jesmond Mizzi Financial Advisors said people were at the centre of the organisation. "Our growth in recent years is evidence of our effort in investing in pro- fessional staff to deliver consistent high quality service to clients," he said. "Our aim is to strength- en our management team to be able to develop fur- ther our operation and the appointment of Ga- briel Mansueto is a key component to all this.' Jesmond Mizzi Financial Advisors appoints new head of investment advisors Gabriel Mansueto Professor Sujoy Mukerji