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