Merton, Robert C.

John and Natty McArthur University Professor, Harvard Business School, Boston, Massachusetts Robert C. Merton is the John and Natty McArthur University Professor at the Harvard Business School. He is past president of the American Finance Association and a member of the National Academy of Sciences. In 1993, he received the Financial Engineer of the Year Award from the International Association of Financial Engineers. In 1997, Merton received the Alfred Nobel Memorial Prize in Economic Sciences for a new method to price derivative securities. A former senior advisor to Salomon Inc. and J.P. Morgan and a co-founder and principal of Long-Term Capital Management, he is currently chief science officer of Trinsum. Merton holds a B.S. in Engineering Mathematics from Columbia University, an M.S. in Applied Mathematics from California Institute of Technology, and a Ph.D. in Economics from MIT. He holds honorary degrees from the University of Chicago and seven foreign universities.