B.A., Economics/Math, Cornell University
Ph.D.,Political Economy, The Johns Hopkins University Dr. Berman has an unusually extensive list of over a hundred publications written for a broad assortment of professional, business and public audiences over a 40-year professional life. His “Inflation and the Money Supply in the United States”, Lexington Publishers, remains the definitive econometric study of the Monetarist’s Inflation Thesis. In 2006 he authored “An Introduction to the Craft of Finance”, Jay St. Publishers. That non-conventional view of real world finance has been used by hundreds of University graduate finance students and presents an original view of corporate and investment finance from a practitioner’s eye. In 2008 a volume – “Equity Valuation Models – An Econometric Approach” will also be published by Jay St. Publishers. That volume provides an “inside look” of how investment professionals (a notoriously secretive group) view equity valuation – very differently from the academic textbook approach.Dr. Berman has an unusually extensive list of over a hundred publications written for a broad assortment of professional, business and public audiences over a 40-year professional life. His “Inflation and the Money Supply in the United States”, Lexington Publishers, remains the definitive econometric study of the Monetarist’s Inflation Thesis. In 2006 he authored “An Introduction to the Craft of Finance”, Jay St. Publishers. That non-conventional view of real world finance has been used by hundreds of University graduate finance students and presents an original view of corporate and investment finance from a practitioner’s eye. In 2008 a volume – “Equity Valuation Models – An Econometric Approach” will also be published by Jay St. Publishers. That volume provides an “inside look” of how investment professionals (a notoriously secretive group) view equity valuation – very differently from the academic textbook approach. Placeholder Placeholder Prior to joining the University of New Haven as Prof. of Finance in 1985 Peter I. Berman was Vice-President for Investments at the Chamber of Mines in South Africa and an internationally known authority on the gold bullion market. The Chamber is South Africa’s consortium of gold mines and he was the Chambers gold investment specialist to the world’s leading private and public investment firms.
Previously he held various senior finance positions at Bank of America in San Francisco where he was a member of the Bank’s Interest Rate Committee, advisor to the Bank’s International Money and Loan Committee, Editor of the Bank’s globally distributed International Financial Market Letter, speechwriter to the Bank’s CEO and Executive Officers, the Bank’s Financial Information Co-coordinator and Bank representative to the Federal Reserve System, Hoover Institute, various regulatory agencies and the financial media. He regularly assisted the North America Division Loan Officers in making presentations to the Bank’s Fortune 100 customers throughout the United States as representative of the Bank’s CFO.
In New York he was Senior Advisor to Bank of America’s Foreign Exchange Trading Facility – at the time the largest in the world, wrote a twice daily Foreign Exchange Strategic Market Commentary – widely viewed as the premier product anywhere and was an Advisor to the Private Banking Division.
Dr. Berman was a listed NYSE officer and member of the Portfolio Strategy Committee of Amivest Corporation in New York – a major portfolio manager. Previously he held research positions at the Board of Governors of the Federal Reserve System in Washington and also at the New York Federal Reserve Bank. He was also Senior Monetary Policy Analyst at The Conference Board in New York.
Dr. Berman has maintained an active international consulting practice with many of the nation’s world-class firms for over 30 years including such clients as IBM and General Foods. He has been an active Professional Portfolio Manager and consultant for nearly as long to the institutional and high net worth market and has been a consultant to Wright Investors Services. He has assisted many individuals (including former students) in launching private firms and has actively participated in investment banking activities.
Dr. Berman was recently elected a Director of Financial Executives International – the nation’s preeminent organization of senior financial executives at the CFO level and higher. He has served on various boards of major non-profit organizations and was a member of the Foreign Affairs Council.
Dr. Berman has frequently been an Expert Financial Witness in various courts and legal proceedings in Connecticut, New York and California and has been a consultant on complex estate and trust matters. He has presented testimony before The United States Congress. He’s been a consultant to CPEC in Hartford and authored the definitive study of Municipal Finance in Connecticut for CPEC. Between 1980 and 1982 he served as a member of the state’s first and only blue ribbon business commission authorized by the General Assembly – The Connecticut Commission on Defense Diversification, Industrial Policy and Commerce. He was an Advisor to the General Assembly Committee on Commerce and Exportation.
Dr. Berman has frequently made invited presentations on budget matters to the state legislature in Hartford and has lectured legislators on state budget analysis. He has made numerous presentations before various municipal budget authorities in Connecticut and well as various business organizations, civic forums and business publications throughout the state. His Letters to the Editor production is legendary.
Dr. Berman has been actively involved Connecticut and local politics. He served as the senior budget and tax advisor in Governor Rowland’s 1994 campaign and authored one of the Governor’s major tax policy initiatives. He was also on the ballot as candidate for Mayor in 1995 in Norwalk – the states’ 5th largest city. He has written over 100 Op-Ed articles on state and municipal fiscal, education and budget matters in every one of the state’s major newspapers. Additionally, he has been a frequent commentator on state finance and economic matters in newspapers, radio and TV throughout the state. He serves as an Advisor to the Yankee Institute.
In an earlier life Dr. Berman was plant manager for Seacoast Electric, one of the nation’s primary manufacturers of mil-spec U.S. Electric Cable. An authority on electric cable installations on U.S. Naval Warships he visited every major shipyard facility in the country. He was also manager of Term-Marine, a major manufacturer of proprietary marine equipment for commercial vessels.
Following almost a decade at Seacoast Electric Dr. Berman joined Adelphi University in Garden City, Long Island as Asst. Dean where he and the incoming Dean, Dr. Julius Liff, who had run an Electric Manufacturing Plant teamed up to bring classes to computers the Long Island and New Haven Railroads. After running that nationally prominent program for several years, Dr. Berman returned to industry. He received a scholarship to attend Cornell and both a Johns Hopkins Fellowship and NASA Fellowship to attend Johns Hopkins. Among his many awards include the Gold Medal for Military Merit from the Chicago Herald Tribune.
At the University Dr. Berman has assisted many graduate finance students and alumni in securing positions in the financial services industry where he has been active for over 40 years. He has mentored many former graduates including a recent appointee to the University’s Board of Trustees – Mr. Oni Chuckwu. Several years ago he assisted in the initial development of an International Graduate Student/Alumni organization to assist our international students, especially those from Africa, in securing professional positions upon graduation. University students and alumni are frequent guests at Dr. Berman’s home. To date over 300 students have visited his home in Norwalk and he takes great delight in holding festive celebrations for his students and their families. He resides in Norwalk with his wife Roberta – a 25-year veteran at General Electric and has 4 children - a Plastic Surgeon, an Attorney, an Entrepreneur and a Physician in training. He likes to remind everyone that his first real job was a Lumber Stevedore on the Brooklyn waterfront earning $1.35 an hour – the union wage. He is an avid blue water sailor with more than 100,000 miles at sea and counting.
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