Chester Spatt


Chester Spatt


Chester Spatt is Golub Distinguished Visiting Professor of Finance at the MIT Sloan School and Distinguished Senior Fellow at the Golub Center.  He is on leave from Carnegie Mellon University’s Tepper School of Business, where he is the Pamela R. and Kenneth B. Dunn Professor of Finance and has taught there since 1979.

Spatt is a well-known scholar studying financial economics with broad interests in financial markets. He has analyzed extensively market structure and trading, pricing and valuation, and the impact of information.  His coauthored 2004 paper in The Journal of Finance on asset location won TIAA-CREF’s Paul Samuelson Award for the Best Publication on Lifelong Financial Security. He has served as executive editor and as one of the founding editors of The Review of Financial Studies, president and a member of the Founding Committee of the Society for Financial Studies, and President of the Western Finance Association.

He served as chief economist of the U.S. Securities and Exchange Commission from July 2004 through July 2007. He also is currently a member of the Security and Exchange Commission’s Equity Market Structure Advisory Committee and a member of the Systemic Risk Council. He previously served as a member of the Federal Reserve’s Model Validation Council and the Office of Financial Research’s Advisory Committee.

Spatt earned his PhD in economics from the University of Pennsylvania and his undergraduate degree from Princeton University.

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