Issue 07, January 2008
homepage > International Onassis Prize in Shipping, Trade and Finance
Costas Grammenos, Member of the BOD of the Foundation, Founding Director of the Centre for Shipping, Trade and Finance at Cass Business School, Anthony S. Papadimitriou, President of the Foundation, Richard Gillingwater, Dean of Cass Βusiness School
International Onassis Prize in Shipping, Trade and Finance

The Lord Mayor of the City of London and Chancellor of City University London, John Stuttard, announced on November 7, 2007, at the Mansion House -the Lord Mayor's official residence- the establishment of the "Onassis Prize in Shipping, Trade and Finance". The announcement was made to an audience of City University deans and distinguished members of the international business, shipping and academic communities.

 
 

The "Onassis Prize in Shipping, Trade and Finance" will be awarded biennially to recognize a lifetime contribution by an academic of international stature. The prize will be given on a rotation basis, in the areas of shipping, trade and finance.

Τhe Lord Mayor of the City of London and Chancellor of City University, John Stuttard
Τhe Lord Mayor of the City of London and Chancellor of City University, John Stuttard

The Lord Mayor, Alderman John Stuttard, said: "I warmly welcome the establishment of this prize, and would like to express my warm gratitude to the Alexander S. Onassis Public Benefit Foundation for its generous sponsorship. I believe that, in time, the Onassis Prize will acquire equivalent stature to the Nobel Prize in Economics. The prize will recognise academic achievements by leading academics who, in the past, did not have a platform for worldwide recognition." The first prize in Finance will be bestowed in the fall of 2008, at a formal banquet to be held at the Guildhall in the City of London. The selection process will commence later this year. The Onassis Prize is sponsored by the Alexander S. Onassis Public Benefit Foundation with the amount of $250,000.

The members of the award committee are:

- Mr. Anthony S. Papadimitriou, President of the Alexander S. Onassis Public Benefit Foundation
- Professor George Constantinides, Professor of Finance, University of Chicago
- Professor Charles Goodhart, Professor Emeritus, London School of Economics
- Professor Robert Merton, Harvard University (Nobel Laureate 1997)
- Professor Myron Scholes, Stanford University (Nobel Laureate 1997)
- Professor Costas Grammenos, Founding Director of the Centre for Shipping, Trade and Finance at Cass Business School.

In his speech, Mr. Anthony S. Papadimitriou noted that Aristotle Onassis, "in his will establishing the Foundation, specifically directed that its purposes would include the giving of prizes to individuals who demonstrate outstanding contribution to the sciences. Today, with the founding of the Onassis Prize, we are honoring the will of the divisor", said Mr. Papadimitriou. "Aristotle Onassis' links to the City of London are, of course, well-known. This is why we deemed that the International Centre for Shipping, Trade and Finance of the City of London is, undeniably, the most appropriate university centre to provide support for the Onassis Prize. We are proud and confident that the prize will achieve stature commensurate with the institutions and persons associated with it. It is of great importance to us that the Onassis Prize will give the opportunity to bestow recognition and honour to leading academics for their achievements in these sectors. The City of London has a 300-year-old tradition as a global leader in shipping and business. Thus, this is the most fitting home for a prize that bears the name of the Greek shipping and business pioneer."

Richard Gillingwater, the Dean of Cass Business School, warmly welcomed the establishment of the award
Richard Gillingwater, the Dean of Cass Business School, warmly welcomed the establishment of the award

The International Centre for Shipping, Trade and Finance was founded in 1983 by Costas Grammenos at London's Cass Business School, City University London, to develop postgraduate studies in shipping, trade and finance, and offers the first specialist MSc degrees in these disciplines.

The Centre has undertaken pioneering research in shipping finance, shipping risk management, commodity trade and finance and logistics. It has also established a platform for international dialogue between academics, businessmen and policy makers. Since inception, the Centre has turned out over 2,200 graduates from more than 90 countries. Many of them hold leading positions in international banking, shipping and trading, and manufacturing.

For further information please visit: www.onassis.gr, www.cass.city.ac.uk, www.cityoflondon.gov.uk

- top of page -
Alexander S. Onassis Public Benefit Foundation | Tel. +30 210 3713000 | Fax. +30 210 3713013 | Email: pubrel@onassis.gr