Each year, the Sales & Marketing Executives recognize one member of the community who greatly enhances the image of Hawaii and the quality of life. This year, the association is proud to announce our 2015 recipient. Praised for his vision and performance, Vance Roley is widely regarded as a significant contributor to the business community.
Since the 1957 inception of the award, when Daniel S. C. Liu first accepted the title, SME has recognized over 50 leaders who have served to better our community in Hawaii. We are proud to be able to add Roley's name to this distinguished list. Join us as we recognize his vision, achievements and leadership at this esteemed annual event.
V. Vance Roley joined the University of Hawai‘i Shidler College of Business as dean and First Hawaiian Bank Distinguished Professor of Leadership and Management, on January 1, 2005.
Among his accomplishments as dean, Roley partnered with alumnus Jay H. Shidler to bring two transformational private donations to the college. First in 2006, to name the college the “Shidler College of Business” with a $25 million gift, and the second in 2014 to increase Mr. Shidler commitment to $100 million making it the largest donation ever to the University of Hawai‘i from a private donor.
Under his leadership and with Mr. Shidler’s support, Roley implemented a strategic plan to transform the college’s facilities, programs and reputation. The improvements included: upgrading the college’s classrooms and building exterior; expanding programs and academic support; increasing internship and career opportunities; raising scholarships and faculty endowments through a matching fund program; providing research support; recruiting top faculty and students; and expanding alumni activities and participation globally.
In 2015, Roley was named Hawaii Business Leader of the Year at the Pacific Business News' annual Business Leadership dinner. He was honored for his leadership and vision in transforming the college into one of the top international business programs in the nation.
Before joining the Shidler College of Business in 2005, Roley was the acting dean and the Hughes M. Blake Professor of Finance at the Foster School of Business at the University of Washington. He was a member of the faculty at the University of Washington since 1983, where he served as associate dean for academic and faculty affairs from 2000 to 2004. Prior to that, he served as an assistant vice president and economist at the Federal Reserve Bank of Kansas City. He also spent a year as a senior staff economist for the President’s Council of Economic Advisers.
Roley served as a research affiliate and then a research associate with the National Bureau of Economic Research from 1980 to 1992. He also has served as an associate editor and on editorial advisory boards for several journals, including the Journal of Financial and Quantitative Analysis, the Journal of Economics and Business, and the Journal of International Financial Markets, Institutions, and Money. He also continued his relationship with the Federal Reserve Bank of Kansas City, where he served as a part-time visiting scholar from 1983 through 2000.
Roley has published 50 articles in finance and economics journals. Most of his research has focused on the term structure of interest rates, the stock market, and foreign exchange rates. His work has appeared in the American Economic Review, the Quarterly Journal of Economics, the Review of Financial Studies, the Journal of Finance, and the Journal of Monetary Economics, among other professional journals. In 1998, he was awarded the Merton Miller Prize for an article he co-authored in the Journal of Business.
Roley received a BA degree with majors in economics and statistics from the University of California at Berkeley in 1973. He became a member of Phi Beta Kappa at the University of California, where he was also awarded the Economics Departmental Citation in 1973. He received MA and PhD degrees in economics from Harvard University in 1976 and 1977, respectively.