Manju Puri is J.B. Fuqua Professor of Finance at the Fuqua School of Business, Duke University. She was earlier a Faculty Member at Stanford Business School. She earned her Ph.D in finance at New York University. Before doing her Ph.D she worked for the Hong Kong Bank in India and in London. Her research interests are in the area of financial intermediation, particularly relating to banking, and also relating to venture capital. Puri’s research in banking has centered on the conflicts of interest banks face in serving as both securities underwriters and lenders to companies, and how their role compares to that of investment banking firms, which serve only as underwriters.
Her papers on universal banking and the implications for the Glass-Steagall Banking Act have received numerous awards, including a National Science Foundation award, the best paper prize in Journal of Financial Economics, and the Western Finance Association best paper award. Puri’s recent research in banking examines implications for the firm when banks sell loans, and as participants in venture capital. Puri has also written papers on the subject of venture capital, including its role in the professionalisation of start-up firms, and its role in the product market. She is a Faculty Research Follow of the National Bureau of Economic Research (NBER), Editor of Journal of Financial Intermediation, and Associate Editor of several journals, including the Journal of Finance. Her work has won grants from the National Science Foundation, Alfred Sloan Foundation, and the FDIC (Federal Deposit Insurance Corporation).