In Memoriam

We honor the memories of FMA members who have passed away and recognize their intellectual contributions, mentorship, and friendship to the finance profession.

Oliver (Rawley) Thomas Oliver Thomas

Oliver (Rawley) Thomas, 71, of St. Charles, IL, died Thursday, January 11, 2018, at Fair Oaks Rehabilitation & Health Care Center, South Beloit, IL.

He was born September 20, 1946 in Newton, MA, the son of Alexander and Margaret (Moody) Thomas. Oliver received his master’s degree from Carnegie Mellon University, Pittsburgh, PA. He married Carol Ann Fortney on May 27, 1978, in the Little Brown Church, Nashua, IA. She predeceased him on November 21, 2008.

Rawley worked for Super Value, the Boston Consulting Group, Callard Madden Associates, and the Holt Planning Association. He was a member of the Christ Evangelical Lutheran Church in Sharon, WI, the Financial Management Association of Chicago (FMA) and the Practitioner Demand Driven Academic Research Initiative (PDDARI) Project. 

Survivors include his children, John Thomas of Sioux City, IA, Alexis Rowcliff of Eldon, MO, and Kimberly Thomas of Roscoe, IL; like a son, Robert Harston of Minnesota; grandchildren, Cody and Cassandra Rowcliff; and sister, Sue (Marlon) Frakes of Colorado. He was predeceased by his parents and wife, Carol Ann.

Michael HemlerMichael Helmer

Mike Hemler, 64, of Granger, IN, passed away on Wednesday, February 14, 2018, in South Bend. Mike was born July 21, 1953, in Dayton, OH to the late Helen (Rose) and Charles Hemler. He is survived by his wife, Deb; his daughters, Suzanne, Megan and her partner Mike, and Michelle and her husband Pablo; his stepdaughter, Amanda Banik (Joe Esch); stepson, Andrew (Mary Elizabeth) Banik; his sisters, Carol (Larry) Quenette and Patricia Hemler; along with many nieces and nephews. Mike was preceded in death by his parents and his sister, Charlene Yungck.

Mike was an Associate Professor of Finance in the University of Notre Dame's Mendoza College of Business. He worked endless hours to be sure that he gave his students the best possible education experience. Education was so very important to Mike. He knew at a very young age that he wanted to be in academics. Mike earned two doctoral degrees - one from the University of Chicago and the other from Washington University in St. Louis.

Mike was also a sports enthusiast. He grew up playing competitive tennis in St. Louis. He followed his Notre Dame sports teams and his St. Louis Cardinals, played tennis every week, and spent many hours at the gym. Mike also had a passion for growing roses. He had many beautiful varieties growing around his home and he especially made sure to grow the long stem fragrant varieties so he could have cut fresh roses every day during the summer for his wife, Deb.

Peter ChristoffersenPeter F. Christoffersen

Professor Peter F. Christoffersen, Professor of Finance and TMX Chair in Capital Markets at the University of Toronto, passed away on June 22, 2018. He received his Ph.D. from Penn’s Department of Economics in 1996. At Toronto, and earlier at McGill, he emerged as a leader in empirical asset pricing, financial econometrics, and financial risk management. His many well-known contributions include “Evaluating Interval Forecasts” (International Economic Review, 1998), “Backtesting Value-at-Risk: A Duration-Based Approach” (Journal of Financial Econometrics, 2004), and “Illiquidity Premia in the Equity Options Market” (Review of Financial Studies, 2018). Professor Christoffersen advised twenty-five doctoral students and received many honors and awards. His classic 1998 paper is one of the ten most cited in the International Economic Review since its founding in 1960 by Penn Nobel laureate Lawrence R. Klein. Click here to view UToronto's "Remembering Peter Christoffersen" page