Dr Howard Jones is an Associate Professor of Finance at Saïd Business School, University of Oxford and a Fellow of Keble College, Oxford. His areas of expertise include initial public offerings, investment banks, institutional asset management, and private equity.
Howard joined Saїd Business School in 2003 after a 15-year career in investment banking. He had previously worked at Deutsche Bank and at BNP Paribas, where he was worldwide head of equity capital markets, responsible for all equity capital raising. Earlier in his career Howard worked in debt capital markets and fixed income trading. A graduate of the University of Oxford, Howard has a PhD in linguistics from the University of London.
Howard’s published articles and working papers can be found at SSRN.
Much of Howard’s research has focused on IPOs, and in particular on the conflicts of those involved: investment banks, investors, and companies.
Howard has also published on institutional asset management, focusing particularly on decision making by plan sponsors (pension funds, etc). His recent papers 'Picking winners? Investment consultants' recommendations of fund managers' (forthcoming in the Journal of Finance and winner of the Commonfund Prize 2015) and 'Institutional investor expectations, manager performance, and fund flows' have attracted considerable media attention, and have been covered in, among other outlets, the New York Times, The Financial Times, Forbes, and Pensions & Investments.
Howard won the 2016 BlackRock prize at the 29th Australasian Finance and Banking Conference, for the paper 'Measuring the added value of stock recommendations'.
Howard has authored articles in the financial press and industry publications, including The Financial Times, The Wall Street Journal, Börsen-Zeitung, International Financing Review, and Professional Investor.
Howard’s interest in pension funds reflects his own experience as both a pension fund trustee and as an independent adviser to trustees. From 2004-11 he acted as Independent Adviser to the Trustees of The London Borough of Haringey Pension Fund.
On the policy side, Howard has served on a European Commission experts’ panel examining the role of investment analysts.
Howard’s teaching includes core finance courses and specialist courses on capital raising and market microstructure.
Howard currently teaches:
Saïd Business School
University of Oxford
Park End Street