Nuno Fernandes is Professor of Finance and Director of Strategic Finance at IMD, a top ranked business school. IMD is ranked No. 1 in executive education programs worldwide by the Financial Times. At IMD, Professor Fernandes directs the Strategic Finance program, as well as many in-company programs for leading international companies. These programs target finance experts, as well as non-financial managers from different backgrounds and job functions. Professor Fernandes is a specialist in corporate finance, cost of capital estimations, project evaluations, valuation, international financial markets, and emerging market risks. He has published in the leading international academic journals, including the Journal of Financial Economics, Review of Financial Studies, Journal of International Business Studies, and the Journal of Portfolio Management. He speaks at business conferences in Asia, Europe, and North America, and is a regular contributor to the business press worldwide, including The Financial Times and The Wall Street Journal. Professor Fernandes advises companies and financial institutions in Asia, Europe, Latin America, and the Middle East in formulating winning financial strategies, global portfolio investments, international valuations, mergers and acquisitions (M&As), derivatives usage in risk management, and emerging market investments and valuation.