NYU Stern

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Roy C. Smith

Roy C. Smith

Joined Stern 1987

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-59
New York, NY 10012

E-mail rsmith@stern.nyu.edu
Personal website
Personal blog

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Biography

Roy C. Smith has been on the faculty of the New York University Leonard N. Stern School of Business since September 1987. He is a Professor of Management Practice and is the Kenneth Langone Professor of Entrepreneurship and Finance. Prior to assuming this appointment he was a General Partner of Goldman, Sachs & Co., which he joined in 1966, specializing in international investment banking and corporate finance. Upon his retirement from the firm to join the faculty, he was the senior international partner. During his career at Goldman Sachs he served as President of Goldman Sachs International Corp. while resident in the firm's London office in the 1980s.

Professor Smith received his B.S. degree from the U.S. Naval Academy in 1960, and his M.B.A. degree from Harvard University in 1966.

Professor Smith's principal areas of research include international banking and finance, all forms of entrepreneurial finance and institutional investment practice, professional conduct and business ethics. He is a frequent guest lecturer at other business schools in the U.S. and in Europe.

In addition to various articles in professional journals and op-ed pieces, he is the author of The Global Bankers, E.P. Dutton, 1989, The Money Wars, E.P. Dutton, 1990, Comeback: The Restoration of American Banking Power in the New World Economy, Harvard Business School Press, 1993, The Wealth Creators, St. Martin's Press, 2001, and Adam Smith and the Origins of American Enterprise, 2002, and Paper Fortunes - The Modern Wall Street, 2010. He is also co-author with Ingo Walter of several books including Street Smarts, Harvard Business School Press, 1997, High Finance in the Euro Zone, FT-Prentice Hall, 2000, Global Banking, Oxford University Press, 2003, and Governing the Modern Corporation, Oxford University Press, 2006.

Professor Smith was a Limited Partner of Goldman, Sachs & Co. until its public offering in May 1999. He has been a director of public and privately-held corporations in the US and in the UK, and was a founding partner of a London-based, financial services consulting company.

Research Interests

  • International banking and finance
  • Global capital market activity
  • Mergers and acquisitions
  • Leveraged transactions
  • Foreign investments

Courses Taught

  • Entrepreneurial Finance
  • Global Banking and Capital Markets
  • Professional Responsibility
  • Venture Capital

Academic Background

M.B.A., 1966
Harvard University

B.S., 1960
U.S. Naval Academy

Selected Publications

(2014)
Up to Us: NYU Interviews Roy Smith

R. Smith (2010)
The Modern Wall Street
St Martin's Press

Related News & Research

In an op-ed, Professors Charles Murphy and Roy Smith share advice for young financial analysts

Is a Financial Analyst Job the Right Direction for You?

In an op-ed, Professors Roy Smith and Brad Hintz discuss the future of Deutsche Bank

Market Forces Axed Deutsche’s CEOs

Professor Roy Smith on the recent decline in investment banking revenues

Professor Roy Smith on the compensation of Wall Street CEOs

In an op-ed, Professors Roy Smith and Brad Hintz argue that improved first-quarter trading results does not warrant a strategy shift for investment banks

Sunny First Quarter Does Not Change the Climate on Wall Street

Foreign Direct Investment and Unlocking Cuban Economic Renewal

Professor Roy Smith on Goldman Sachs's hiring of former FBI agent Patrick Carroll

In an op-ed, Prof. Roy Smith argues that big banks should follow GE's lead in shedding problematic business units

The Big Banks Should Follow GE Out of the Dark

In an op-ed, Profs. Roy Smith and Brad Hintz evaluate Deutsche Bank's "Strategy2020" plan

Deutsche Bank's Strategy2020 Lacks Vision

Prof. Roy Smith reacts to Deutsche Bank's "Strategy 2020" reorganization plan

Profs Roy Smith and Brad Hintz's op-ed on the banking regulatory landscape is highlighted

In an op-ed, Profs. Roy Smith and Brad Hintz discuss how banks can navigate the new regulatory landscape

Weight of Reforms Forces Banks to Pick Their Battles

Prof. Roy Smith shares his economic predictions for China

Prof. Roy Smith on the impact of Basel III regulations on the banking industry

Areas of Expertise

Entrepreneurship

  • Venture Capital/Financing

Ethics

  • Business Ethics
  • Corporate Social Responsibility (CSR)

Finance

  • Corporate Finance
  • Corporate Governance
  • Executive Pay
  • Financial Regulation
  • Hedge Funds
  • International Finance
  • Investment Banking