MENLO PARK, Calif.--(BUSINESS WIRE)--Cornerstone Research, a leading provider of economic and financial consulting and expert testimony, is pleased to announce that Stanford University Professor Steven Grenadier has joined the firm as a Senior Advisor. He is the William F. Sharpe Professor of Financial Economics at the Graduate School of Business at Stanford University. Professor Grenadier has testified as an expert in investments and derivatives cases in which he addressed disclosure, suitability, and valuation issues. Professor Grenadier has also testified in numerous Employee Retirement Income Security Act matters involving allegations of breach of fiduciary duty, excessive fees, and inappropriate investments.
“Steve’s deep expertise in finance, his strong background in academia and research, and his experience consulting to financial institutions make him an invaluable resource for our clients,” said Cornerstone Research President and CEO Cynthia Zollinger. “We have worked with Steve for many years and we are delighted that he is joining us as a Senior Advisor.”
Professor Grenadier specializes in complex financial asset analysis and teaches courses on investments, portfolio management, and finance theory. He is also a senior financial economist with Financial Engines and a former director of Nicholas Applegate Institutional Funds, AQR Funds, and E*Trade. He earned a Ph.D. in business economics from Harvard University, with a concentration in capital markets and corporate finance.
“Steve has particularly strong experience in finance matters involving Fortune 500 companies,” said Cornerstone Research Senior Vice President Lassaad Adel Turki, who leads the firm’s finance practice. “His expertise in option pricing, fixed income valuation, and investment analysis add valuable depth to our already strong expertise in these areas.”
“I see many parallels between Cornerstone Research’s work and my expertise—especially in the areas of investments and derivatives,” said Professor Grenadier. “They are well known in the industry for high quality analyses of complex issues. I look forward to continuing my association with the firm.”
Professor Grenadier is an editor of the Journal of Real Estate Finance and Economics and a former associate editor of the Journal of Economic Dynamics and Control. He has also published articles in the Journal of Finance, the Journal of Empirical Finance, the Journal of Financial Economics, and the Review of Financial Studies.
About Cornerstone Research
Cornerstone Research is a leading firm consulting to attorneys involved in all phases of complex litigation and regulatory proceedings. For more than 25 years, clients have relied on our economic and financial analyses in a variety of securities matters. We work with a broad network of testifying experts, including prominent academics and industry practitioners who have expertise in trade execution and pricing, risk management, market microstructure, public and private equity, fixed income, structured finance, and derivatives. Our cutting-edge research on securities class actions and modeling of settlement outcomes has earned widespread recognition within the industry.
Cornerstone Research has 450 staff and offices in Boston, Chicago, Los Angeles, Menlo Park, New York, San Francisco, and Washington.