Uday Rajan is the David B. Hermelin Professor of Business Administration and a Professor of Finance at the Stephen M. Ross School of Business at the University of Michigan, Ann Arbor. Uday's research focuses on informational frictions such as adverse selection and moral hazard and their effect on market transactions, with recent work on the role of credit ratings in the financial markets and on FinTech competition in banking. He was a Vice President of Fixed Income Research at Drexel Burnham Lambert in the late 1980s, and received a PhD in Economics from Stanford University in 1995. He has received the GSAM award for the best paper in the Review of Finance and the NYSE award for the best paper on equity trading at the Western Finance Association meetings. He is an Associate Editor of the Journal of Finance, and has been an Editor of the Review of Corporate Finance Studies, an Associate Editor of Management Science, and an editorial review board member of Marketing Science. He is a former President of the Finance Theory Group and is currently a Director of the Financial Intermediation Research Society and the Western Finance Association. He has received MBA teaching awards at the Ross School and at Carnegie Mellon, and a PhD teaching award at the Ross School.