Luis M. Viceira is the George E. Bates Professor at the Harvard Business School, where he teaches in the areas of investment management and capital markets to both graduate students and practitioners. He holds a bachelor degree from the Universidad Autonoma in Madrid, and a M.A. degree and a Ph.D. degree from Harvard University. Professor Viceira has been a member of the faculty of the Harvard Business School since 1998. Prof. Viceira's research studies the design of asset allocation strategies for long-term investors, both individuals and institutions, and the management and organization of large institutional investors, including pension funds, endowments, and large asset managers such as mutual fund companies or wealth management groups. He is the author of multiple articles published in leading academic and practitioner-oriented finance journals, book chapters, Harvard Business School case studies, and the book "Strategic Asset Allocation" (with J. Y. Campbell). His research has received several awards recognizing its contributions to the theory and practice of asset management, including the TIAA-CREF Paul Samuelson Award, the 2005 Graham and Dodd Award by the CFA Institute, and the 2004 Prize for Financial Innovation of the Q-Group, Inquire Europe, and Inquire U.K. He has also served as judge for the TIAA-CREF Paul Samuelson Award, and as a member of the program committee of the Annual Meeting of the American Finance Association, the Western Finance Association, the European Finance Association, and the European Financial Management Association, among others. Professor Viceira is an Associate Editor at Management Science, a Research Associate at the National Bureau of Economic Research (NBER), a Research Fellow of the TIAA-CREF Institute, and a Research Fellow and member of the Scientific Board of NETSPAR, the European Network for Studies on Pensions, Aging and Retirement. Professor Viceira serves as an external consultant, advisor, and director to asset management firms, pension funds, international organizations, and not-for-profit organizations. He is also a trustee of the Financial Accounting Foundation (FAF). The FAF is the independent, private-sector organization responsible for the oversight of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GAS)