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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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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

Up to Us: NYU Interviews Roy Smith

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

Related News & Research

Professor Roy Smith weighs in on Goldman Sachs' use of technology

Professor Roy Smith weighs in on economic reform in China

Professor Roy Smith discusses the big banks and the creation of "living wills"

Professor Roy Smith discusses Bernie Sanders' and Hillary Clinton's comments on the financial industry

Professor Roy Smith underscores the impact of technology on banking jobs

Professor Roy Smith comments on current antitrust regulations

In an op-ed, Professors Roy Smith and Brad Hintz examine market conditions in light of dismal first quarter earnings for investment banks

Investment banks pay a high cost for carrying a heavy load

Professor Roy Smith discusses Chinese companies' increased investments in the US

Professor Roy Smith examines a new study on gender and hedge funds

In an op-ed, Professor Roy Smith highlights the economic issues at play in the presidential election

Waiting for the Conventions

Professor Roy Smith comments on Silicon Valley's efforts to work with more diverse underwriters

Professor Roy Smith discusses Bernie Sanders' proposal to break up big banks

Professor Roy Smith discusses Goldman Sachs's contributions to Jeb Bush's presidential campaign

In an op-ed, Professor Roy Smith shares a positive long-term economic outlook

Gloomy economic outlook brightens beyond 2016

Professor Roy Smith evaluates presidential candidate Bernie Sanders' proposal to break up big banks

Professor Roy Smith discusses investors' pessimism in connection with technology stocks

Professor Roy Smith comments on the possibility of China Vanke issuing new shares

Areas of Expertise


  • Venture Capital/Financing


  • Business Ethics
  • Corporate Social Responsibility (CSR)


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