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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

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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 the Emeritus Professor of Management Practice and was the Kenneth Langone Professor of Entrepreneurship and Finance for 18 years. 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 explains why he believes that sponsors of IPOs on China's forthcoming tech-focused exchange will be required to invest in the ventures

Professor Roy Smith is quoted in a story on the criminal charges against Goldman Sachs in connection with a state investment fund in Malaysia

Professor Roy Smith discusses how compensation structures in investment banking have changed

Professor Roy Smith weighs in on some of the recent leadership changes at Bank of America

Lloyd Blankfein Legacy is a Headache for Solomon

Professor Roy Smith is featured in an article about Barnes & Noble's lack of transparency around the termination of its CEO

Professor Roy Smith is interviewed about the Big Bang deregulation of the London financial markets in 1986

Professor Roy Smith shares his views on a potential merger of Deutsche Bank and Commerzbank AG

Professor Roy Smith explains how the Financial Stability Oversight Council was designed to coordinate banking regulation efforts

Why The Trump Tariff Increases Are All Wrong

Is This Stock Market Sell-Off The Real Deal?

Professor Roy Smith is interviewed about Goldman Sachs alumni serving on President Trump's administration

Professor Roy Smith is interviewed about CLSA Ltd.'s move to diversify its business model

Professor Roy Smith comments on leadership changes at private equity firms

‘It Frightened Everyone on Wall Street’ – a Memory of Black Monday

A Troubled Future Remains for Global Banks

Professor Roy Smith comments on Goldman Sachs' bridge loans to Discovery Communications and Amazon

Have Business Schools Ruined Capitalism?

A History of Makeovers Leaves Citigroup Chasing Growth

Professor Roy Smith comments on Goldman Sachs' recent move to offer its risk managers more autonomy

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