Alan Morrison

Professor of Law and Finance

Saïd Business School
University of Oxford
Park End Street


Alan is a Professor of Law and Finance at Oxford Saïd and a Fellow of Merton College.

A former banker, his areas of expertise include bank regulation, investment banking, bank supervision and corporate governance.

Alan’s work is concerned with two aspects of the financial sector. First, he studies the regulation of banks and its effects upon real economic activity; second, he is interested in the institutions that support the financial system and the way that they are altered by legal and technological changes. He is co-author, with William J. Wilhelm, Jr., of Investment Banking: Institutions, Politics, and Law. He publishes frequently in leading journals, including the American Economic Review, the Journal of Finance, the Journal of Financial Economics and the Review of Finance.

Alan is an Associate Member of the Oxford Man Institute of Quantitative Finance. He is also a Research Fellow at the Centre for Economic Policy Research, London. He has served as specialist advisor to the House of Lords Economic Affairs Committee and as a consultant to the World Bank, and has been a visiting scholar at the Federal Reserve Bank of New York.

Since joining Saïd Business School in 2000, Alan has made a substantial contribution to the design and delivery of its teaching programmes. He has served as Director of the MSc in Financial Economics and the Diploma in Financial Strategy. He has designed and taught core and elective courses on the MBA, EMBA, MSc in Law and Finance and MSc in Financial Economics, and is the creator and Director of the Oxford Finance Programme for Senior Executives.

Alan holds a BA in Mathematics and a DPhil in Finance from the University of Oxford, and an MSc in Information Technology from Imperial College, London. Before taking his MSc and DPhil degrees, he worked in the City of London, firstly at Morgan Grenfell, and latterly at S.G. Warburg, where he was Director of Division.


  • Bank regulation
  • Bank supervision
  • Capital Regulation, Information and Incentives
  • Organisational Forms in Banking
  • Institutions and Legal Structures in Banking
  • Investment banking
  • Corporate governance

Read Alan's CV.


Alan’s research is concerned with financial intermediaries and the institutions that support their activities.

He is interested in the real effects of regulation, and the way that changes to the legal and technological environment affect the structure and the activities of financial institutions.


Market discipline and systemic risk(opens in new window)

  • Journal article
  • Management Science
  • Alan Morrison,
  • A Walther

Investment-banking relationships: 1933–2007(opens in new window)

  • Journal article
  • Review of Corporate Finance Studies
  • Alan Morrison,
  • C Schenone,
  • A Thegeya,
  • WJ Wilhelm
  • Christian Laux,
  • Gyöngyi Lóránth,
  • Alan D Morrison
  • Zhaohui Chen,
  • Alan D Morrison,
  • William J Wilhelm

Investment Bank Reputation and “Star” Cultures(opens in new window)

  • Journal article
  • The Review of Corporate Finance Studies
  • Zhaohui Chen,
  • Alan D Morrison,
  • William J Wilhelm
See more publications


Alan engages with a variety of people and organisations to address issues arising in the contemporary financial climate.

He travels widely to attend and speak at conferences and seminars in his field, and is the co-founder, with Joel Shapiro, of the Oxford Financial Intermediation Theory conference.

Alan is a member of the Academic Advisory Council of the Institute for Economic Affairs, a prominent market-oriented think tank. He is a Research Fellow at the Centre for Economic Policy Research.

In 2006 Alan was a visiting scholar at the Federal Reserve Bank of New York. In 2009 he served as Specialist Advisor to the House of Lords Economic Affairs Committee’s Inquiry into Banking Supervision and Regulation.

Alan referees papers for numerous academic journals and serves on the editorial boards of the Review of Finance and Economic Affairs. He has also served as external examiner for taught degrees at a number of other universities and business schools, as well as performing PhD examinations.


Alan has written and currently teaches the core Finance course to students on the MBA and Masters in Law and Finance programmes.

Alan currently teaches the core Business Finance course to Masters in Law and Finance students, this course is challenging for those students without a background in the subject. While there is no way to avoid the numerical elements of finance, Alan concentrates on core concepts and employs extensive class discussion to ensure that student can ask questions, and share his or her relevant experience.

In the past he has also taught this core module to students doing the EMBA and the Diploma in Financial Strategy, as well as running the core Corporate Finance course on the MSc in Financial Economics.

Alan has extensive experience as an executive education coach. He directs and teaches the Oxford Finance Programme for Senior Executives, designed for senior managers who do not have a finance background. The course attracts high-calibre participants from a diverse range of sectors and countries. Alan has also taught on customised programmes for clients in Europe, the US and Asia.

Alan has supervised a number of DPhil students, some of whom have gone on to prestigious appointments at universities and international financial bodies. He has also acted as external examiner for PhD candidates at the London School of Economics.


Alan supervises Saïd Business School doctoral students

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