Faculty
Alexander T. Arapoglou Professor of the Practice of Finance
Alexander Arapoglou is principal of Aland Corporation, a firm that he founded in Durham, N.C., in 2002.
Mr. Arapoglou served as treasurer and head of risk management worldwide for Mizuho Capital Markets Corporation. As treasurer, he was responsible for firm investments, funding, liquidity risk management as well as all non-trading foreign exchange and interest rate risk. As head of risk management, he managed the market risk department and implemented a variety of metrics and techniques for the analysis of trading, credit and liquidity risk.
Before joining Mizuho, Mr. Arapoglou traded yen derivatives for Chemical Bank and for Chase after the two banks merged. He joined Chemical Bank as global head of risk management in 1989 and managed risk incidents in the United States, Europe, Asia and South America.
His career included positions as head of the financial analysis group at Salomon Brothers and head of consumer sector treasury at Chase where he was on the bank-wide treasury strategy committee.
Before he began his financial career, Mr. Arapoglou was a management consultant with Accenture, specializing in evaluating and recommending strategic improvements to controls and management information systems for large capital projects worldwide including nuclear power plants refineries, and LNG plants.
He received his MBA from UNC Kenan-Flagler and his bachelor’s degree in engineering from McGill University.
Email: alexander_arapoglou@kenan-flagler.unc.edu
Gregory W. Brown Associate Professor and Area Chair of Finance
The research of finance professor Gregory Brown examines financial risk management. His areas of study include non-financial corporations' choice of financial derivative contracts as risk management tools, computational finance, derivative pricing theory and investor sentiment.
His research has been published in leading academic and practitioner finance journals such as The Journal of Financial Economics, The Review of Financial Studies, The Journal of Derivatives, Financial Analyst Journal and RISK. He is co-editor of the book, "Corporate Risk: Strategies and Management", with Donald Chew.
Dr. Brown teaches corporate finance, financial derivatives and macroeconomics. He has consulted for money management firms, software developers and Fortune 500 companies on various aspects of financial risk management.
Before he began his academic career, Dr. Brown worked for the Board of Governors of the Federal Reserve System in the Division of Research and Statistics. His responsibilities included current analysis and macroeconomic forecasting of the business investment sector. He also worked in artist relations for a subsidiary of Capitol Records in Hollywood.
He received his PhD from the University of Texas at Austin and his BS in physics and economics from Duke University.
Email: gregwbrown@unc.edu
http://public.kenan-flagler.unc.edu/faculty/browngr/
Mustafa N. Gultekin Associate Professor of Finance
Investments, portfolio theory, asset pricing models and corporate finance are the focus of Mustafa Gultekin's work. He teaches investments, portfolio management and financial modeling. Other areas of expertise include financial markets, international finance, risk management and valuation.
Dr. Gultekin's current research investigates the flow of information across securities and countries; assessment of return-generating models; the impact of increased debt by U.S. corporations on economic stability; overreaction in securities markets; and persistence of analysts' errors in earnings forecasts and implications for the SUE models.
He has served as a consultant to major corporations in the United States and abroad, including Atlantic Bell, Westinghouse, U.S. Agency for International Development, Kansallis Foundation for Financial Research and Salomon Brothers, now Smith Barney.
Dr. Gultekin is the former president of the European Financial Management Association and the former dean of the College of Administrative Sciences and Economics at Koc University in Istanbul. He also served as associate director of Management Decision Laboratory at New York University and as a research scientist at Bogazici University in Turkey.
He received his PhD from New York University, his MA in operations management from Bogazici University and a BS in physics from Middle East Technical University.
Email: gultekin@unc.edu