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Biography

Dr. A. Benos received his Ph.D. in Finance from the Graduate School of Business of Stanford University, and his B.A and M.A. from Cambridge University in the UK
He is currently heading the Risk Analytics department of the Group Risk Management at the National Bank of Greece and occasionally teaches at HEC School of Management (Paris), ESA Business School in Beirut and ALBA. Before joining NBG in 2000, he was an Associate Professor at HEC School of Management in France, directing the M.Sc. in International Finance. He also served for 4 years as Assistant Professor at the Banking and Financial Management Department of the University of Piraeus. He specializes in Financial Microstructure, Derivatives and International Risk Management.
His publications appeared in the Financial Analysts Journal, Journal of Financial Markets, Applied Financial Economics, Annals of Economics and Statistics, Statistical Methodology and Multinational Finance Journal. He is also a referee for a number of finance journals and an active member of many academic societies, among which the European Financial Management Association (EFMA), Econometric Society, American Finance Association and the American Institute of Financial Management. In 1996, he was awarded the Top Faculty paper award at HEC for his work on the effects of the European Monetary Union on financial markets.
Currently, Dr. Benos is working on Credit Risk analytical modelling for large and medium corporates, residential mortgages and SMEs and he is responsible for NBG's convergence towards Basel 2 regulatory requirements for Credit Risk. He is a member of Moody's Risk Analysis Advisory Group and a speaker in international risk practitioners' conferences.

Scientific articles

The Components of the Bid-Ask Spread: the Case of the Athens Stock Exchange

European Financial Management, January 2009, vol. 15, n° 1, pp 112-144, (in coll. with T. ANGELIDIS)

Aggressiveness and Survival of Overconfident Traders

Journal of Financial Markets, 1998, n° 1, pp 353-383,

European Capital markets and the EMU

Hitotsubashi Journal of Commerce and Management, October 1998, vol. 33, n° 1, pp 43-63,

Alternative Distributed Models for the Comparative Study of Stock Market Phenomena

Information Sciences, 3-4 juillet 1997, vol. 99, pp 137-157, (in coll. with E. Tzafestas)

Changes in the Structure and Dynamics of European Securities Markets

Financial Analysts Journal, May-June 1996, pp 37-50, (in coll. with M. Crouhy)

Proceedings

Alternative Distributed Models for the Comparative Study of Stock Market Phenomena

Proceedings of Summaries of the 2nd Joint Conference on Information Sciences , 1995 , Shell Island (E. Tzafestas)

Working papers

Investors' Behaviour Around Earnings Announcements for SBF Companies

Mimeo , 1999

Market Response to Earnings Announcements and Interim Reports: An Analysis of SBF120 Companies

Mimeo , 1998

Marchés de capitaux européens et monnaie unique

Cahier de Recherche du Groupe HEC , 1997

Changes in the Structure and Dynamics of European Securities Markets

Cahier de Recherche du Groupe HEC , 1996

Alternative Distributed Models for the Comparative Study of Stock Market Phenomena

Cahier de Recherche du Groupe HEC , 1995

Nonlinear Science and Finance: Questions without Answers (Yet)

Groupe HEC , 1995

On Anticipated Announcements: Profit Taking Strategies and Price Dynamics

Groupe HEC , 1995

Overconfident Speculators in Call Markets

Groupe HEC , 1995

The Dynamics and Structure of European Equity and Derivative Markets

Mimeo , 1995

Overconfident Speculators in Financial Markets: Can They Survive ?

Cahier de Recherche du Groupe HEC , 1994

Scientific articles

The Components of the Bid-Ask Spread: the Case of the Athens Stock Exchange

European Financial Management, January 2009, vol. 15, n° 1, pp 112-144, (in coll. with T. ANGELIDIS)

Aggressiveness and Survival of Overconfident Traders

Journal of Financial Markets, 1998, n° 1, pp 353-383,

European Capital markets and the EMU

Hitotsubashi Journal of Commerce and Management, October 1998, vol. 33, n° 1, pp 43-63,

Alternative Distributed Models for the Comparative Study of Stock Market Phenomena

Information Sciences, 3-4 juillet 1997, vol. 99, pp 137-157, (in coll. with E. Tzafestas)

Proceedings

Alternative Distributed Models for the Comparative Study of Stock Market Phenomena

Proceedings of Summaries of the 2nd Joint Conference on Information Sciences , 1995 , Shell Island (E. Tzafestas)

Working papers

Investors' Behaviour Around Earnings Announcements for SBF Companies

Mimeo , 1999

Market Response to Earnings Announcements and Interim Reports: An Analysis of SBF120 Companies

Mimeo , 1998

Marchés de capitaux européens et monnaie unique

Cahier de Recherche du Groupe HEC , 1997

Changes in the Structure and Dynamics of European Securities Markets

Cahier de Recherche du Groupe HEC , 1996

Education

  • Ph. D. in Finance, Stanford Graduate Business School - USA
  • M.A. in Economics, University of Cambridge - United Kingdom
  • Diploma in Economic Studies, National Technical University of Athens - Greece
  • B.A. (Honours) in Economics, University of Cambridge - United Kingdom

Academic appointments

Academic responsabilities at HEC

  • 2015-2015 Visiting professor, Finance HEC Paris
  • 2014-2014 Visiting Professor HEC Paris
  • 2013-2013 Visiting Professor HEC Paris
  • 2001- Visiting Professor, Finance HEC Paris
  • 1993-2000 Assistant Professor HEC Paris

External Academic Responsabilities

  • 2005- Affiliate Professor Alba Graduate School of Business

Scientific Activities

Membership in Academic or Professional Organisation

  • Member, American Institute of Financial Management
  • Member, American Finance Association
  • Administrator, European Financial Management Association
  • Member, Society for the Promotion of Economic Theory
  • Member, Association Francaise de Finance
  • Member, Econometric Society

Editorial activities

  • Reviewer, Journal of Finance, Financial Analysts Journal and Financial Practice and Education

  • Awards & honors

    Membership in Academic or Professional Organisation

    • Fondation HEC Prize for "Changes in the Structure and Dynamics of European Securities Markets", Financial Analysts Journal, May-June 1996, pp. 37-50