Dr. Andreas Christopoulos is an adjunct professor at the Management and Technology program in the Division of Business Programs at NYU School of Professional Studies (NYU SPS) and teaches Quantitative Models for Decisionmakers among other courses, part-time. He is a tenure track full-time Assistant Professor of Finance at Real Estate and Academic Director of undergraduate and graduate Real Estate programming at Yeshiva University’s Sy Syms School of Business since 2018. He engages in teaching and scholarly research activities with 9 peer review publications and a US Patent. Dr. Christopoulos previously held visiting professor positions at Rice University, University of Texas at Austin and the University of Scranton. He earned his Ph.D. in Quantitative Finance from Rutgers University in 2014 under the direction of Robert Jarrow, Douglas Jones, S. Abraham Ravid and Andrejz RuszczÅ¿yski. He has an MBA from Cornell University and a BA from Vassar College.

Prior to academia, Dr. Christopoulos served in a number of senior executive roles in the securitization industry.  He is the former Head of CMBS Risk Management of Nomura where he successfully managed the credit, liquidity and market risks of a $3B portfolio of CMBS, CMBX, CRE CDOs and CRE whole loans during the financial crisis in 2007/8. Those strategies were informed by prior experiences hedging, trading and researching CMBS at JP Morgan Chase from 1997-2001, most recently as the Head of CMBS Research, and through his role as the co-founder and CEO of the CMBS risk management software company, WOTN co-founded with Robert Jarrow and Cornell University. Dr. Christopoulos began his professional career at Lehman Brothers in mortgage securitization.

Dr. Christopoulos’ research interests focus on asset pricing and valuation of liquidity and default risks for CRE loans and related real estate derivatives with particular focus on credit sensitive securitized products.  His work has been broadly reviewed across the globe by academic peers and professionals alike. He is an active speaker at many national and international academic conferences and industry seminars hosted by thought leaders in the financial community.  His recent work includes the projection of synthetic cap rates from macroeconomic variables, loan and bond risk premia decomposition, and the microstructure of CMBS and CMBX, and he is the co-inventor of USPTO 8788404 B1 "Structured finance securities option pricing architecture and process"

Publications

• Synthetic cap rate indices (1991-Covid era) By Global Finance Journal (May 01 2024)
• Liquidity risk and CMBX microstructure By Review of Financial Economics (Jan 01 2024)
• CMBS Market Efficiency: the Crisis and the Recovery By Journal of Financial Stability (Mar 01 2018)
• The impact of different default triggers in CMBS risk evaluation By Journal of Investment Management (Apr 01 2017)
• The composition of CMBS risk By Journal of Banking and Finance (Mar 01 2017)
• Credit risk findings for commercial real estate loans using the reduced form By Finance Research Letters (Aug 01 2016)
• Structured Finance Securities Option Pricing Architecture and Process By US Patent 8788404 (Jul 01 2014)
• CMBS and Market Efficiency By Real Estate Economics (Jul 01 2008)