Patrick Augustin

Patrick Augustin is an Associate Professor of Finance at the Desautels Faculty of Management at McGill University. He holds the Canada Research Chair in Macrofinance and Derivatives and is an Associate Fellow at the Canadian Derivatives Institute. He holds a PhD degree in Finance from the Stockholm School of Economics, and held visiting research positions at the New York University Stern School of Business, the Stockholm School of Economics, the University of Sydney, and the Luxembourg School of Finance. He is certified as Financial Risk Manager by the Global Association of Risk Professionals, and served as a Fellow at the Global Future Councils of the World Economic Forum. Before joining academia, he worked as a structured credit officer at Dexia and as attaché to the Luxembourg Ministry of Foreign Affairs.

Patrick’s research interests lie at the intersection of macroeconomic and financial markets with a focus on sovereign credit risk, firm fundamentals and credit risk with a focus on credit derivatives, and law and finance with a focus on insider trading. His work has been published in the Review of Financial Studies, the Journal of Financial Economics, the Journal of Monetary Economics, Management Science, and the Journal of Financial and Quantitative Analysis, among others. His work on insider trading in options has been widely covered in the financial press, including The New York Times, The Wall Street Journal, The Washington Post, and Fortune.

Education

• Ph.D Stockholm School of Economics (2008 — 2013)
• M.Sc. Luxembourg School of Finance (2006 — 2007)
• Master Université Louis Pasteur (Strasbourg I) (2000 — 2004)

Companies

• Associate Professor of Finance at McGill University, Desautels Faculty of Management McGill University (2020)
• Assistant Professor of Finance McGill University, Desautels Faculty of Management (2013 — 2020)
• PhD Candidate Stockholm School of Economics (2008 — 2013)
• Structured Credit Officer Dexia Bank Belgium (2007 — 2008)
• Structured Credit Officer Dexia (2007 — 2007)
• Project Manager Dexia BIL (2005 — 2007)
• Attaché at the Luxembourg embassy in Copenhagen and to Finland, Sweden and Norway Ministry of Foreign Affairs, Luxembourg (2004 — 2005)

Research areas:

• Derivatives
• Empirical Asset Pricing
• Insider Trading
• International Finance
• Law & Finance
• Sovereign & Corporate Credit Risk

Areas of expertise:

Empirical Asset Pricing, International Finance, Sovereign Credit Risk, Derivatives, Credit and Liquidity Risk

Awards

2019: Canadian Derivatives Associate Fellowship.

2018: Arthur Warga Award for Best Paper in Fixed Income at SFS Cavalcade North America 2018.

2017: FMA Europe Best Paper Award (Runner-up); Best Discussion Award, 2017 HEC-McGill Winter Finance Workshop.

2015: The Northern Finance Association (NFA) 2015 WRDS Best Paper Award on Empirical Finance.

2014: The Chinese Finance Association (TCFA) 2014 Best Paper Award; FNR Award for Outstanding PhD Thesis 2014 (EUR 5,000); Investor Responsibility Research Center Institute (IRRCi) Award for best paper on Post Modern Portfolio Theory (USD 10,000); 2014 IFM2 Mathematical Finance Days, Honorable Mention.

2014: The Chinese Finance Association 2014 Best Paper Award; FNR Award for Outstanding PhD Thesis 2014; Investor Responsibility Research Center Institute (IRCCi) Award for best paper on post modern portfolio theory; IFM2 Mathematical Finance Days, Honorable Mention.

2013: 2013 SAC Capital Ph.D. Candidate Award for Outstanding Research.

2002: CREPUQ Exchange Scholarship.