Member of the NBS Bank Board

Ľuboš Pástor

Date of birth: 19 March 1974
Place of birth: Košice
Start of term of office: 15 March 2015
End of term of office: 15 March 2021

EducationProfessional careerPublicationsAdditional


  Comenius University in Bratislava, Faculty of Management
Master’s degree (Mgr.)
  Wharton School, University of Pennsylvania
PhD in Finance

Professional career

2016 – 2019 Director of the American Finance Association (AFA)
Since 1 July 2017 Director of the Center for Research in Security Prices (CRSP) at the University of Chicago
2016 – 2017 President of the Western Finance Association (WFA)
Since 15 March 2015 Member of the Bank Board of Národná banka Slovenska (NBS)
Since 1 July 2014 Co-Director of the University’s Fama-Miller Center for Research in Finance
Since 1 July 1999 Teaching financial economics at the University of Chicago Booth School of Business; since 2009 as Charles P. McQuaid Professor of Finance



Ľuboš Pástor’s articles have appeared in leading academic journals,

List of publications

Additional information

Professor Pástor’s research analyses a variety of issues in financial economics. His work covers topics such as the liquidity of financial markets, the effects of political uncertainty on financial markets, stock price bubbles, technological revolutions, mutual fund performance, stock return predictability, long-horizon volatility, and optimal portfolio choice. His articles have appeared in top academic journals, including the American Economic Review, Journal of Finance, Journal of Financial Economics, Journal of Monetary Economics, Journal of Political Economy, and Review of Financial Studies. He has served on the editorial boards of the Journal of Finance (2006 - 2016), Journal of Financial Economics (since 2006) and Review of Financial Studies (2006 - 2009). He is a member of the NBER and the CEPR, and was formerly a member of the Academic Advisory Board of the Gutmann Center at WU Vienna.

His research has been awarded numerous prizes, including two Smith Breeden Prizes for the best paper of the year in the Journal of Finance, three Fama/DFA Prizes for the best paper of the year in the Journal of Financial Economics, the Barclays Global Investors Prize, the Goldman Sachs Asset Management Award, the Jacobs Levy Center Prize, the NASDAQ Award, the Rothschild Caesarea Center Award, the Whitebox Advisors Selected Research Prize, and others. For his teaching, Professor Pástor received the McKinsey Award for Excellence in Teaching (2011) and two Faculty Excellence Awards (2009, 2010) from the University of Chicago.

Besides his academic activities, Professor Pástor has co-designed new stock market indexes – CRSP Indexes – which were adopted by the investment management firm Vanguard in 2012. As of June 2019, these indexes are tracked by index funds with assets under management exceeding USD 1.3 trillion, including the largest mutual fund in the world.

Professor Pástor is fluent in Slovak and English and has a passive knowledge of Czech, German, French and Russian.