Ed Kerschner, MBA '75

Edward M. Kerschner, CFA, has over 35 years of experience in the securities industry, beginning his career in 1974 with Cowen & Co. He joined PaineWebber in  1982 as Chief Investment Strategist and Chairman of the Investment Policy Committee. Upon the UBS AG acquisition of Paine Webber in 2000, Mr. Kerschner was the Chief Global Strategist for UBS
Investment Research through 2003. In 2004 Mr. Kerschner joined Citibank where he served as the Chief Investment Officer for Citi Investment Research and the Chief Investment Strategist for Citi Global Wealth Management.

In 2009 Mr. Kerschner founded E.M. Kerschner, LLC — “The Thematic Research Group,” and continues as a Senior Strategy Consultant to Morgan Stanley Smith Barney, and as a member of the Morgan Stanley Smith Barney Global Investment Committee. Since 2001, Mr. Kerschner has also been Adjunct Professor of Finance at New York University, Leonard N. Stern School of Business, and since 2005 Mr. Kerschner has been a member of the Board of Overseers of New York University, Stern School of
Business.

Institutional Investor magazine has called Mr. Kerschner "one of the deans of thematic investing." As Mr. Kerschner explains it, thematic investing analyzes how demographic, technological and political trends will affect financial markets, and identifies traditional and alternative investments, market sectors and individual securities that
will benefit.

Mr. Kerschner received a B.S. degree from the New York University School of Engineering and Science and an M.B.A. degree from the New York University Graduate School of Business Administration.