The University of Chicago Jan. 9 announced that Raghuram Rajan has received a distinguished service professorship.

Rajan was among 16 faculty members named professorships and as distinguished service professors, the university said in a statement.

Rajan, of the university's Booth School of Business, was named the Katherine Dusak Miller Distinguished Service Professor of Finance.

Rajan was governor of the Reserve Bank of India from September 2013 to September 2016. Between 2003 and 2006, he served as the chief economist and director of research at the International Monetary Fund.

Rajan’s research interests are in banking, corporate finance and economic development, especially the role finance plays in it, the statement bio said.

He is co-author of "Saving Capitalism from the Capitalists and author of Fault Lines: How Hidden Fractures Still Threaten the World Economy," for which he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010.

Rajan is a member of the Group of Thirty and served in 2011 as president of the American Finance Association. Additionally, he is a member of the American Academy of Arts and Sciences.

In 2003, the American Finance Association awarded Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.

His other awards include the Infosys prize for the Economic Sciences, the Deutsche Bank Prize for Financial Economics, Euromoney Central Banker Governor of the Year in 2014 and Banker Magazine Central Bank Governor of the Year in 2016.

|