Pete Kyle Joins Smith School One of the foremost financial theorists in the world, Albert “Pete” Kyle, will join the Smith School as the Charles E. Smith Chair in Finance in July 2006. He is best known for creating the “Kyle Model,” which provides a foundation for the modern theory of market microstructure, a subfield of finance dealing with the process of price formation in financial markets.

College Park, Md. – February 21, 2006 – Today the University of Marylands Robert H. Smith School of Business announced that Dilip Madan, professor of finance, has been selected to receive a 2006 Alexander von Humboldt Research Award in mathematics. Humboldt Awards are considered among the highest honors given to internationally recognized scholars. Forty past recipients have received the Nobel Prize in their fields, including five of the 2005 Nobel Laureates. Madan will receive his award from the President of the Humboldt Foundation this July in Berlin, Germany.

What common thread is woven among government agencies, business entities, and Smith School finance students, linking them together? The finance faculty, whose connections affect global finance policy and practice, and enhance the education and career prospects of undergraduate, graduate, and doctoral students.