Finance Seminar: Mandy Tham
Do security analysts learn from their colleagues?
We examine how learning from colleagues affects security analyst forecast outcomes. We represent the brokerage house as an information network of analysts connected through industry overlaps in their coverage portfolios. Analysts who are more centrally connected in their brokerage network produce more accurate forecast estimates and generate more influential forecast revisions. Consistent with learning, more central analysts tend to unwind their colleagues’ recent forecast errors in their own forecast revisions. Benefits from inter-colleague information exchange accrue to all analysts at the same brokerage.
Mandy Tham has served as Curriculum Director of Wealth Management Institute (WMI) from April 2016 to Oct 2017 when the Institute was a subsidiary of Temasek (sovereign fund), and subsequently when it becomes an Autonomous Institute of Nanyang Technological University (NTU). At WMI, she led a team to oversee curriculum development and accreditation of open enrolment and customized training programmes for bankers in the mass affluent to private banking space. She was also the principal lead for customized Chinese programmes and consulted frequently with financial institutions from the Greater China region.
From 2008-2016, Mandy served on the faculty of the Banking and Finance division at Nanyang Business School, NTU. Her research interests range from investments to CEO leadership and she has won best paper awards at conferences and published in top journals such as the Journal of Financial
Economics, Management Science and Journal of Financial & Quantitative Analysis. She continues to pursue research relating managerial/investor traits to corporate/investment behavior, and vice-versa, while also exploring new areas such as applications of network theory to finance.
At NTU, she taught in both Bachelor and Master degree programmes. She won the college-wide competitive NTU Business Teacher of the Year award in 2014 and the Teaching Excellence Award (Banking and Finance division) in 2015. Besides her teaching role, Mandy also served as the school’s
Assistant Dean of Alumni Affairs from 2014-2016 and was closely involved in spearheading outreach initiatives with alumni. Concurrently, she was the CFA program director for NTU where she managed the University’s partnership with the CFA Institute. She continues teaching on a part-time basis in postgraduate programmes at the Business School.
Mandy graduated with Ph.D (Finance) and M.A. (Applied Economics) degrees from the University of
Michigan. She also holds Master and Bachelor of Electrical Engineering (First class honors) degrees from the National University of Singapore.
Mandy is a strong believer in education and animal welfare. She is active in animal rescue work and volunteers with Therapy Dogs Singapore – a non-profit organization that provides animal therapy to residents at various charitable homes.