Hoboken, N.J. – Stevens Institute of Technology will offer a state-of-the-art financial trading room as a classroom and laboratory to graduate and undergraduate students in Financial Engineering and Quantitative Finance courtesy of a gift from Stevens alumnus and Board of Trustees member John “Sean” J. Hanlon IV, CFP® ’80 (B.E. Mechanical Engineering).
The Hanlon Financial Systems Lab, as the trading and research facility will be known, will mirror what students will find at any investment bank, hedge fund, financial institution or asset management firm, and will deepen the university’s ability to conduct research into systemic risk, enterprise-level risk management, security and the interplay between policy and system behavior.
“Stevens is extremely well positioned in its existing systems and engineering portfolio, and its location next to the financial capital of the world, to make the study of Financial Systems at Stevens a great success,” states Hanlon. “The Hanlon Financial Systems Lab will not only enhance what is already a fast growing academic – and private sector – need, but with the Quantitative Finance and Financial Engineering programs at Stevens, the students will greatly benefit from this.” Hanlon added that “the breadth of the Stevens Quantitative Finance program, where undergrads take courses in computer programming, systems management, engineering and finance is unparalleled and creates a highly educated and skilled professional for the financial services workforce”.
Hanlon, who founded Hanlon Investment Management in 1999, will serve as the Chairman of the Advisory Board for the Financial Systems Lab. Dinesh Verma, Dean of the School of Systems & Enterprises, and Professors Khaldoun Khashanah and George Calhoun join Hanlon in leading the undergraduate and graduate programs associated with the Financial Systems Lab.
“The University gains a distinct advantage from Sean’s generosity and personal efforts to build a leading Financial Systems academic program to meet the financial sector’s growing needs in light of the technological acceleration that has transformed the industry over the last two decades,” stated Dr. Nariman Farvardin, President of Stevens. “The finance laboratory sets Stevens apart by further enhancing the nation’s only undergraduate program in Quantitative Finance, and it creates opportunities for innovation through cross-disciplinary research in Stevens’ existing specialty areas of software engineering and cyber security.”
The Hanlon Financial Systems Lab will be located on the 4th Floor of the Babbio Center. Further announcements about the laboratory’s completion timeline will coincide with the next “Stevens on the Street” event in early 2012.
The Hanlon Financial Systems Lab is designed to support a graduate program in Financial Engineering, offering Masters and PhD degrees, and an undergraduate program in Quantitative Finance, the first and only one of its kind in the United States. The center will also serve as a platform for financial systems research, and the development, testing and evaluation of software for financial networks and the investigation of cyber-security challenges in the financial domain. The lab was created to apply systems thinking and related methods to analyze, understand, manage and predict the behavior of the complex, global financial system, amongst other important pursuits.
To find out more about the lab; www.stevens.edu/fsc. For more on Board of Trustees member John “Sean” J. Hanlon IV; www.stevens.edu/news/content/sean-hanlon-joins-board-trustees-stevens-institute-technology.
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology, The Innovation University™, lives at the intersection of industry, academics and research. The University's students, faculty and partners leverage their collective real-world experience and culture of innovation, research and entrepreneurship to confront global challenges in engineering, science, systems and technology management.
Based in Hoboken, N.J. and with a location in Washington, D.C., Stevens offers baccalaureate, master’s, certificates and doctoral degrees in engineering, the sciences and management, in addition to baccalaureate degrees in business and liberal arts. Stevens has been recognized by both the US Department of Defense and the Department of Homeland Security as a National Center of Excellence in the areas of systems engineering and port security research. The University has a total enrollment of more than 2,350 undergraduate and 3,600 graduate students with almost 450 faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America as well as strategic partnerships with industry leaders, governments and other universities around the world. Additional information may be obtained at www.stevens.edu and www.stevens.edu/news.