Media Releases

Rotman Finance Professor Receives Governor’s Award from the Bank of Canada

March 31, 2017

Toronto, ON – A finance professor at the University of Toronto’s Rotman School of Management received the Governor’s Award from the Bank of Canada.

Mikhail (Mike) Simutin, an assistant professor of finance, will receive the award for 2017. The award recognizes outstanding academics at a relatively early stage in their careers, who are working at Canadian universities in areas of research important to the Bank’s core functions. The award provides annual funding of $25,000 for a term of up to two years. Last year it was presented to Liyan Yang, an associate professor of finance, at the Rotman School.

In his research, Prof. Simutin primarily focuses on studying institutional money management and understanding risks that affect asset prices. His current work extends to the area of corporate finance, where he is studying gender pay gap in a corporate setting. Specifically, he is using a novel data to understand the impact of CEO’s exposure to gender imbalance in his/her formative years. Prof. Simutin’s research has been published in leading finance journals, including the Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics.

He has been the recipient of several grants and awards. His recent research was honoured with a 2016 Best Paper Award by the Review of Asset Pricing Studies. Earlier in the week, he was named one of the 40 Most Outstanding Business School Professors Under 40 by the business school news site Poets&Quants. Each of the last three years, Prof. Simutin was voted MBA Core Instructor of the Year by the Rotman School’s graduating class. His research has been presented at numerous academic conferences, and he has been frequently invited to speak to private sector financial firms.

Prof. Simutin holds a PhD in finance from the University of British Columbia’s Sauder School of Business. He graduated Magna Cum Laude from the University of Washington in 2004, with a BA in business administration and a concentration in finance and accounting.

The Rotman School of Management is located in the heart of Canada’s commercial and cultural capital and is part of the University of Toronto, one of the world’s top 20 research universities. The Rotman School fosters a new way to think that enables our graduates to tackle today’s global business and societal challenges.  For more information, visit


Ken McGuffin
Manager, Media Relations
Rotman School of Management
University of Toronto
Tel: 416-946-3818