Prof. Richard A. Werner
International Banking
Professor Richard A. Werner, MA, D.Phil. (Oxon), is a globally recognized economist and expert. He graduated from LSE and Oxford, and is a university professor of banking and economics, an FCA-authorized investment advisor and fund manager, as well as a policy advisor to governments and central banks. In 2022, he was a fellow at the Budapest Center for Long-term Sustainability and a visiting fellow at Mathias Corvinus Collegium. He has held professorships at multiple universities, including Southampton, De Montfort, Winchester, Fudan University (Fanhai International School of Finance) in Shanghai, Goethe University Frankfurt, and has been a visiting professor at other academic institutions, including Corvinus University in Budapest.
Richard Werner was the first Shimomura Fellow at the Development Bank of Japan, Chief Economist at Jardine Fleming Securities (Asia) Ltd. in Tokyo, a member of the Asset Allocation Committee of TelWel, a $6.2 billion Japanese corporate pension fund, Senior Managing Director and Senior Portfolio Manager at Bear Stearns Asset Management Ltd. in London, and for three years served as Chairman of the Audit Committee of a London Stock Exchange-listed international corporation with over 5,000 employees.
Over the years, he has advised numerous institutional investors and governments, including U.S. public pension funds, investment funds, the Asian Development Bank, the Ministry of Finance of Japan, and parliamentarians in many countries. From 2010 to 2020, he was a member of the ECB Shadow Council.
In 1995, Professor Werner proposed a new policy to end banking crises, which he called "Quantitative Easing." His book Princes of the Yen (Quantumpublishers.com), on banking and central banking, became a bestseller in both Japan and Bulgaria. In it, he warned of looming credit bubbles, banking crises, and recessions.