Is There a Student Debt Bubble?

18 Oct 2017 | 06:00 pm - 09:00 pm

In its premier event of Fall 2017, the Catholic Finance Association invited a wealth manager, a securities underwriter, and a business school professor to debate the following questions concerning student debt:

Many market and government leaders have suggested that there is a growing bubble in student debt. If so, what might be its impact on the economy and on society? How might finance leaders respond to this issue? Would a student debt bubble impact the Catholic community in any unique ways?

CFA members and guests joined our three distinguished panelists for a lively discussion held at the offices of Evercore Wealth Management.

Panelists
Zung Nguyen

Over his career as a financial executive, Mr. Nguyen has held a variety of leadership positions in global capital markets, portfolio management, and product development with the ING-Barings (USA), American Century Investments, Federal Home Loan Banks, and JP Morgan. At JP Morgan, he held senior management positions in securities underwriting and was later a member of the global management team for the firm’s fixed income and foreign exchange businesses. At ING Barings he headed up the firm’s emerging market FX business in North America. Mr. Nguyen was recruited to join American Century Investments where he developed the investment advisory business for major DC plan sponsors. Upon returning to JP Morgan, Mr. Nguyen was a Senior Banker in the private bank, managing one of the most successful wealth management offices on Manhattan’s Upper East Side. He currently heads ZTN Capital Consulting, which he began in the Fall of 2015. Mr. Nguyen received his BA in economics and psychology from Washington College and his MBA from George Washington University, where he has lectured. He also taught at University of Delaware earlier in his career and is a frequent speaker at various investment forums. Mr. Nguyen is an experienced and active FINRA Dispute Resolution Arbitrator. He also has served as an emeritus trustee of Washington College, an institution that has actively sought solutions to the questions of student debt. He is a member of the Vatican-based foundation Centesimus Annus Pro-Pontifice.

 

Douglas Dewey

Douglas Dean Dewey is a Managing Director at Evercore Wealth Management, working with high-net-worth families, institutions, and their professional advisors and fiduciaries. He most previously served as CEO of Murphy Healthcare Inc., which manages ambulatory surgery centers nationly. Previously, he was a Senior Principal at Bernstein Global Wealth Management and a Director at Barclays. His experience with education issues includes his work with financier Theodore J. Forstmann to help launch and manage the Children’s Scholarship Fund, to help low-income children attend private schools and spur market-oriented education reforms. He also co-founded the Washington Scholarship Fund in the District of Columbia and served as a White House appointee under President George H. W. Bush in the office of policy and planning at the U.S. Department of Education. He currently serves as director of the New York Men’s Leadership Forum, as chairman of the Network for Educational Opportunity, and as vice-chairman of Christendom College, which offers an independent loan program to its students. Mr. Dewey studied history and political philosophy at the University of Waterloo.

 

Constantine Yannelis

Professor Yannelis conducts research in finance and applied microeconomics, with an especial focus on student loans, along with consumer finance, public finance, and human capital. His recent research explores repayment, information asymmetries and strategic behavior in the student loan market. Professor Yannelis’ academic research has been featured in The Wall Street Journal, Financial Times, The New York Times, The Washington Post, The Economist, Bloomberg, Forbes and other media outlets. Before joining NYU Stern, Professor Yannelis worked at the United States Department of the Treasury, the Organization for Economic Cooperation and Development, the United Nations and the Federal Reserve Bank of Chicago as an Associate Economist. He received his B.A. in Economics and History from the University of Illinois at Urbana-Champaign and his M.A. in Applied Mathematics from Université de Paris I: Panthéon-Sorbonne. He holds a Ph.D. in Economics from Stanford University.

Graciously hosted by
Evercore Wealth Management
New York, NY 10022

 

More Event Photos

Moderator

 

Eapen Chacko
Mr. Chacko currently serves The University of St. Thomas – Minneapolis as an Editor in the Entrepreneurship Program at the Schulze School of Entrepreneurship. He consults on investments to a large family office, and advises several startups. Further, he volunteers as the New York Regional Advocate for the Labouré Society, a sponsor of this event. He has served as the CFO for two publicly traded medical device companies, and as Audit Committee Chair for a $500 million specialty chemicals company. His work with the CEO of a NYSE credit marketing company has given him special expertise in the consumer credit market. His work there included handling the IPO of a major subprime credit card issuer which later become a top U.S. issuer. Mr. Chacko served as an institutional equity research analyst for several Wall Street firms, covering consumer companies and building products companies, for which he received recognition as an “All Star Analyst for Stock Picking” from The Wall Street Journal. He began his career as a Senior Economist at the United Nations in New York. In addition to attending the University of York in England, he received his A.B. in Economics from Columbia College in New York, and his M.A. in Economics from The Johns Hopkins University.