Suresh Sundaresan is the Robert W. Lear Professor of Finance at the Graduate School of Business at the Columbia University.
His research spans areas in capital markets, debt contracts, investments, credit risk, capital structure, investments, dividends, corporate pension policies, derivatives, and central banking.
Policy Experience:
- Served on the Treasury Bond Markets Advisory Committee (TBAC) in the United States, which meets with the Board of Governors of the Federal Reserve and the U.S. Treasury twice a year.
- Served on the Financial Markets Round Table at the Federal Reserve Bank of New York.
- Served as a Resident Scholar at the Federal Reserve Bank of New York and worked on Open Market Repo Auctions and the Design of Contingent Capital Banks.
- Served as a visiting scholar at the International Monetary Fund.
- He has testified to the U.S. Congress on transparency issues relating to corporate bond markets.
- Was the Wim Duisenberg Research Fellow at the European Central Bank in Frankfurt during the first half of the year 2015.
- Served as Technical Advisor to the Bank for International Settlements (BIS) in Basel during the second half of 2015.
- Served on the Model Validation Council for Bank Stress Testing at the Federal Reserve Board of Governors.
Industry Experience:
- Served as the Head of Research at Capula Investment Management during 2009 in London. He has served as a consultant to Capula Investment Management, LLP since 2009 until 2014.
- Worked full time with Lehman Brothers and Morgan Stanley in Fixed Income Research and Investment Management, respectively.
- Served as an Expert witness in Enron bankruptcy trial. Testified on rate hearing to the California Public Utilities Commission on the effects of using swaps on pricing utility services.
- Provided expert testimony on corporate defaults, CDS settlements, Derivatives book risk management, and securities lending.
Selected Publications:
1. Financing Infrastructure in the Shadow of Expropriation Viral V Acharya, Cecilia Parlatore, Suresh Sundaresan, The Review of Financial Studies, Volume 38, Issue 5, May 2025, Pages 1368-1418.
2. Liquidity Regulation of Banks: Theory and Evidence, with Kairong Xiao, Journal of Financial Economics, (2024).
3. Repo Priority Right and the Bankruptcy Code, (with Jun Kyung Auh), Critical Finance Review: (2018)
4. On the Design of Contingent Capital with a Market Trigger, with Zhenyu Wang,
(2015), the Journal of Finance
5. A Review of Merton’s Model of the Firm’s Capital Structure with its Wide Applications, (2013), in the Annual Review of Financial Economics.
6. “Corporate Pension Risk Transfers,” with Sven Klingler and Michael Moran, in Management Science (2026).
7. “Dynamic Investment, Capital Structure, and Debt Overhang,” Review of Corporate Finance Studies, with Neng Wang and Jingaing Yang, 4, (1), 1-42, (2015), Editor’s Choice (lead article).