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Dr Kenjiro Hori

  • Overview



    Ken joined Birkbeck in 2004 after PhD at University of Cambridge. His main teaching has been on the MSc level, namely Microeconomics for MSc Economics and Financial Markets for MSc Finance, although he has taught other modules including Mathematical Finance and Quantitative Techniques.

    Prior to his post-graduate studies Ken worked for a large Japanese bank for many years, first as a Financial Engineer (in Tokyo) and then as a Quantitative Analyst / Exotic Options Trader (in London). Ken is a Chartered Member of the Security Analysts Association of Japan, an equivalent qualification to CFA in the UK.

    Ken's main research area has progressed from Search Theory (his PhD topic) to incentive in banking (in particular relating to Contingent Convertible Bonds) to more recently pension reform.

    After many years as the Chair of Sub-board of Examiners for BSc programmes in Economics and Finance, Ken is currently the Head of Department.

    Office hours

    By appointment


    • Certificate in Teaching in Lifelong Learning (Higher Education), Birkbeck, University of London, 2006
    • PhD Economics, University of Cambridge, 2004
    • MPhil Economics, University of Cambridge, 2000
    • Diploma Economics, University of Cambridge, 1999
    • MA Mathematics, University of Cambridge, 1990

    Administrative responsibilities

    • Head of Department

    Professional activities

    Work for Utility Regulators (Ofgem, Ofcom, Ofwat, etc.) with various outputs, e.g. “Report on the Cost of Capital”, Smithers & Co. Ltd. report provided to Ofgem, co-authored with S. Wright, R. Mason, S. Satchell and M. Baskaya, September 2006

    Professional memberships

    • Chartered Member of the Security Analysts Association of Japan (CMA)

    • Fellow, Higher Education Academy

  • Research


    Research interests

    • Incentives in Banking Regulations
    • Pension
    • Search Theory
    • Theory of Finance

    Research overview

    Ken's current area of research is in pension reform, investigating the actuarially fair contribution rates for the USS pension scheme.

    Ken's other areas of research include incentives in banking, particularly related to Contingent Convertible Bonds.

  • Supervision and teaching

    Supervision and teaching


    Current doctoral researchers



    Teaching modules

    • Help To Grow: Management (BUBU071N0)
    • Financial Markets (BUEM076S7)
    • Microeconomics (EMEC024S7)
    • Mathematics for Economists (EMEC029S6)
  • Publications




  • Business and community

    Business and community


    • Consultancies and expert advice

      Occasional consultancies for utility regulators (Ofgem / Ofcom / Ofwat)