College of Business: University of Illinois at Urbana-Champaign

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Finance Faculty Join Leadership of Top Journal


The College of Business at ILLINOIS is proud to announce that Professor George Pennacchi officially begins his 3-year term as the fourth managing editor of the Journal of Financial Intermediation this month. His new assignment follows a long list of distinctions held by Pennacchi and represents well the excellence found in the College.

Professor Murillo Campello, also a distinguished member of the College Faculty in Finance, was appointed an Associate Editor last Fall for an indefinite term.

JFI is the premier finance journal for research in the field of financial institutions. It was founded in 1990 at Northwestern University by Stuart Greenbaum, former Dean of the Olin Business School at Washington University in St. Louis. 

George Pennacchi is a professor of finance and a co-director of the Office for Banking Research at the University of Illinois at Urbana-Champaign. Also, he is the Program Coordinator for Deposit Insurance at the Federal Deposit Insurance Corporation's Center for Financial Research and is a Research Associate at the Federal Reserve Bank of Cleveland. His research focuses on financial intermediaries and the valuation of fixed-income securities and government guarantees.

Currently, Pennacchi is an associate editor of the Journal of Banking and Finance, the Journal of Financial and Quantitative Analysis, the Journal of Financial Services Research, and the Journal of Money, Credit and Banking. Previously, he was an associate editor for the Journal of Finance, the Review of Financial Studies, and Management Science, and a co-editor of Advances in Futures and Options Research. His consulting experience includes work for the U.S. Office of Management and Budget, the World Bank, and the International Monetary Fund. He has been a visiting professor at the Università Bocconi in Milan, Italy, and was a member of the finance faculty at the Wharton School of the University of Pennsylvania. Mr. Pennacchi received a Sc.B. degree in applied mathematics from Brown University in 1977 and a Ph.D. in economics from the Massachusetts Institute of Technology in 1984.

Murillo Campello is an I.B.E Professor of Finance and the James F. Towey Faculty Fellow, a Faculty Research Fellow of the National Bureau of Economic Research. Campello's research interests include corporate finance, financial intermediation, financial markets, and applied contract theory. His recent scholarly work has focused on corporate liquidity management and credit markets imperfections. Currently, Campello serves as an associate editor at the Review of Financial Studies, the International Review of Finance, and the Brazilian Review of Finance. He reviews research papers for the premier journals in finance and economics as well as grants for the National Science Foundation and the Social Sciences and Humanities Research Council of Canada.

Campello joined the Illinois Department of Finance in 2002 after serving as an assistant professor of finance at Arizona State University and at Michigan State University. He earned his Ph.D. in finance from the University of Illinois in 2000, an M.S. in business administration from the Pontifical Catholic University of Rio de Janeiro in 1995, and a B.A. in economics from the Federal University of Rio de Janeiro in 1991. 

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