Chester Spatt, the Mellon Bank professor of finance and director of the Center for Financial Markets at Carnegie Mellon University, has been named chief economist and director of the
Spatt replaces Lawrence E. Harris, who decided to return to teaching and researching at the Marshall School of Business at the University of Southern California.
Donaldson, calling this a crucial time for the markets, said of Spatt, "I look forward to his insight and analysis into the important issues we are facing."
Some of Spatts areas of specific expertise include market structure, pricing and valuation, and the impact of information on the marketplace.