Daniel Broby

Professor, PhD, Chair of Financial Technology

  • Phone+442895365975
1995 …2022

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Biography

Professor Daniel Broby is an internationally recognized finance academic and formerly a senior figure in the fund management industry. He is Chair of Financial Technology at Ulster University.

Prof. Broby is a specialist in Financial Technology. In addition to being a thought leader and influencer, he conducts research into capital markets and digital technologies. He is a recognized expert on the financial applications of blockchain and distributed ledgers.

Prof. Broby has held a number of executive level positions in the Fund Management industry, including Chief Executive Officer, Chief Investment Officer and Chief Portfolio Manager. He has written numerous books and peer reviewed papers. His books include 'A Guide to Fund Management'; ‘The Changing face of European Fund Management’; 'The Future of the UK Fund Management Industry'; and 'A Guide to Equity Index Construction'.

Prof. Broby has held numerous board positions in regulated companies including a leading asset manager and a number of collective investment vehicles. He has also had board experience as a Non-Executive at a large pension administrator and as an Independent Director at the family office of an Ultra High Net Worth individual. He served on the board of a number of financial sector professional bodies and was awarded the CFA Institute Society Leader Award in recognition of this.

Prof. Broby has a PhD in Accounting and Finance, an MPhil in Economics, and an MSc in Investment Analysis. He was elected an individual member of the London Stock Exchange in 1990, is a Chartered Fellow of the CISI, a Fellow of CFA (UK) and a Senior Fellow of the HEA.

Research Interests

Professor Daniel Broby's research interests are centred on Financial Technology and its application in financial markets.

Prof. Broby has a focus on the changing nature of financial business models, disintermediation, and the impact of disruptive innovation. He has, for example, investigated the usage of blockchain and distributed ledgers in the financial ecosystem. 

Prof. Broby's PhD thesis was on Benchmarks for Alternative Asset Classes. This presents a factor model index derived from principal components that can be used for performance attribution. As an extension of this, he also undertakes empirical investigation into financial time-series and benchmark indices.

Prof. Broby's research has a theoretical grounding, albeit focused on practical application.  He has, for example, co-filed a US Patent  (no16/2635582) for a System for Estimating the Value of a Company using Financial Technology. This utilizes machine learning. He has also incorporated machine learning techniques in other areas, such as establishing contingent liability provisions for company accounts.

Prof. Broby's research into Financial Technology is interdisciplinary and collaborative.  He has worked with scholars in law, computing, management science, electrical engineering, as well as accounting, finance, and economics. For example, he undertook a large precision time stamping experiment involving the use of a high frequency dataset, an atomic clock and automatically generated order flow.

Teaching Interests

Professor Daniel Broby teaches two core modules, (1) Predictive Analytics and (2) Contemporaty Issues in Financial Technology.  He also has extensive supervisory responsibility for research projects.

Prof. Broby has also taught Mean Variance Portfolio Construction. This utilizes the skill-set he acquired during his professional career as a fund manager. Other courses he has taught include Becoming an Effective Financial Technology Analyst, Banking Risk and Principles of Finance.

Prof. Broby was the founder of the MSc in Financial Technology at Strathclyde Business School, the first such course in the United Kingdom. 

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 1 - No Poverty
  • SDG 4 - Quality Education
  • SDG 8 - Decent Work and Economic Growth
  • SDG 9 - Industry, Innovation, and Infrastructure
  • SDG 13 - Climate Action
  • SDG 16 - Peace, Justice and Strong Institutions

Education/Academic qualification

Brunel University

University of Stirling

University of Strathclyde

External positions

External Examiner - Financial Technology

External Supervisor - DBA/MBA, Strathclyde Business School, United Kingdom

External Examiner - Fintech Risk and Compliance

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