Daniel will oversee the financial strategy

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Daniel will oversee financial strategy

By Steve Koppes


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Kermit daniel

Economist and financial strategist, analyst and consultant Kermit Daniel took office as the University’s senior vice president for financial strategy and budget on Monday, September 15.

Daniel’s primary responsibilities include overseeing the development of integrated strategic financial planning and building the financial analysis capacity of the University. In this role, he will work closely with the leaders and deans of the University, as well as with the financial planning committee of the Board of Trustees.

One of Daniel’s priorities will be to develop a long-term financial plan that meets ambitious programming and investment goals while protecting the assets of the University.

“Kermit Daniel combines significant experience in strategic financial leadership with excellent academic credentials,” said President Zimmer. “His analytical and data-driven problem-solving style will prove invaluable in helping the University make critical decisions in the face of the many demands on its resources. ”

Daniel moved to Chicago from Katzenbach Partners, where he became Director in 2002. At Katzenbach Partners, a New York-based management consulting firm, he has worked with clients in various industries, helping them drive and manage change .

“This is a once in a lifetime opportunity,” said Daniel. “The University of Chicago is one of the country’s greatest cultural assets. For me, having the opportunity to help support the University is a huge honor.

Daniel brings to the University a forged perspective as a PhD recipient. in Economics in Chicago, as an Assistant Professor at the Wharton School at the University of Pennsylvania, and as a consultant to many successful business organizations.

“I can really appreciate how rare and precious the culture of the University is,” said Daniel. “It is very unusual to find so many people in an organization so deeply committed to the same goals and sharing the same set of core values. It’s very inspiring.

One of Daniel’s key projects at Katzenbach Partners involved working with a leading children’s hospital to help design and understand the financial and operational implications of opening a large new satellite hospital.

Previously, he had been a case team leader with the Monitor Group in New York. His work at Monitor included managing a joint US and Japanese team for a $ 2 billion manufacturing company that created and evaluated options to enter the Asian market.

As a faculty member at the Wharton School, he has published original economic research in leading academic journals, including The American Economic Review, Journal of Econometrics, The Journal of Legal Studies, The Journal of Human Resources, The German Economic Review and Public choice.

Daniel received two degrees in economics, a BA (Honors) from the University of Kansas in 1982 and a PhD. of Chicago in 1993. The chairman of Daniel’s doctoral thesis committee was 1992 Nobel laureate Gary Becker, a university professor of economics, sociology, and the Graduate School of Business.



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