Analysis Group Welcomes New Affiliates and Announces Senior-Level Promotions

March 5, 2020

Analysis Group, one of the largest international economics consulting firms, announces 13 promotions to senior-level positions, including principal, vice president, and general counsel, and welcomes eight new academic affiliates.

“We are delighted to announce these promotions,” said Martha S. Samuelson, CEO and Chairman of Analysis Group. “These consultants bring creativity and intellectual rigor to the complex and nuanced challenges our clients face. Their work has included analyzing antitrust issues and mergers in many different markets; providing economic analysis, modeling, and damages and risk assessments for litigation involving both tangible and intangible assets; preparing testimony on employment and compensation, tax and transfer pricing, and fiduciary obligations, among other issues; and developing clinical and real-world evidence for novel treatments of serious and rare diseases. We are also pleased to announce senior promotions on our legal and human resources teams. These dedicated professionals have made important contributions to our firm’s success.

“In addition, we are happy to share the news of our affiliation with eight esteemed academics, who are widely recognized leaders in fields such as international finance, natural resources and the environment, corporate law and governance, innovation management, marketing and brand equity, and investor behavior.”                                     

New Affiliates

Mihir Desai – Mizuho Financial Group Professor of Finance, Harvard Business School; and Professor of Law, Harvard Law School – has more than two decades of experience in tax policy, international finance, and corporate finance. His research has focused on the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. Professor Desai has consulted to companies and organizations on tax- and finance-related topics, and he has testified several times before the US Congress, including in a joint session of the Senate Finance Committee and the House Ways and Means Committee. His research has appeared in leading economics, finance, and law journals, and has been cited in media outlets such as The Economist, Businessweek, and The New York Times. His book The Wisdom of Finance was longlisted for the Financial Times and McKinsey Business Book of the Year Award. Professor Desai has also published on international tax issues such as the costs of shared ownership, with a focus on international joint ventures. He is a research associate in the National Bureau of Economic Research’s (NBER’s) Public Economics and Corporate Finance programs, and previously served as co-director of the NBER’s India program. He is also on the advisory board of the International Tax Policy Forum and the Oxford University Centre for Business Taxation.

Michael Hanemann – Professor, Department of Economics, and Julie A. Wrigley Chair in Sustainability, School of Sustainability, Arizona State University; and Chancellor’s Professor Emeritus, Department of Agricultural and Resource Economics, University of California, Berkeley – is a leading authority on the economics of water, climate change, and non-market valuation, and played a major role in the development of both revealed and stated preference methodologies for non-market valuation. Professor Hanemann has provided expert reports and testimony in high-profile natural resource damages litigation matters, including several involving water pollution, and coauthored expert reports on the economic value of lost recreation and on non-use value damages resulting from the Exxon Valdez oil spill and the BP oil spill. He also gave extensive deposition and trial testimony as an expert witness on natural resource damages in the American Trader oil spill in California. Professor Hanemann has experience as a consultant and technical advisor to water resource agencies. In addition to many publications on natural resource damages and the economics of water, he has written about the determinants of urban water use, price and rate structures in urban water demand management and planning, economic institutions and increasing water scarcity, and urban water-rate design based on marginal cost. In 2003, he founded the California Climate Change Center at the University of California, Berkeley, and directed it until 2008. Professor Hanemann is a member of the National Academy of Sciences.

Kevin L. Keller – E. B. Osborn Professor of Marketing, Tuck School of Business at Dartmouth College – is an expert on marketing management, branding, and brand equity. His research focuses on improving marketing strategies through an understanding of consumer behavior, as well as on the design, implementation, and evaluation of integrated marketing communication programs. Professor Keller has served as brand advisor to a number of large corporations, including Accenture, American Express, Disney, Ford, Intel, Levi Strauss, L.L. Bean, Nike, Procter & Gamble, and Samsung. He has published over 120 papers in peer-reviewed journals such as the Journal of Marketing, the Journal of Marketing Research, and the Journal of Consumer Research. He also authored the widely used textbooks Marketing Management (with Philip Kotler) and Strategic Brand Management. Professor Keller has received numerous awards for his research accomplishments, and has conducted marketing seminars for executives in a variety of forums. He previously held faculty positions at the University of California, Berkeley; Stanford University; and the University of North Carolina at Chapel Hill.

Punam Anand Keller – Deputy Dean and Charles Henry Jones Third Century Professor of Management, Tuck School of Business at Dartmouth College – is an expert in consumer information processing and choice behavior. She studies the application of social marketing principles and behavioral theory in consumer and employee contexts, with a focus on designing and implementing consumer communication programs. Her research in this area has been supported by organizations such as the National Cancer Institute and the Centers for Disease Control and Prevention, and has been published in marketing, public policy, and health journals that include the Journal of the Association for Consumer Research and the Journal of Consumer Psychology. Professor Keller serves on numerous journal review boards, including those of the Journal of Marketing Research and Social Marketing Quarterly. Her research on decision making was cited by the Social and Behavioral Sciences Team’s 2015 Annual Report for the White House on the use of behavioral science in the design of federal programs and policies. Professor Keller has earned awards for designing effective communications related to health and savings from the National Cancer Institute, the Marketing Science Institute, and the National Endowment for Financial Education. She is a fellow of the Association for Consumer Research.

Jonathan Reuter – Associate Professor of Finance, Carroll School of Management at Boston College – specializes in examining the behavior of individual investors and financial institutions, including mutual fund families, investment banks, rating agencies, financial advisors, and the financial media. His work focuses on the value of financial advice, the strategic behavior of target-date retirement funds, and portfolio management outsourcing in the mutual fund industry. In addition to his academic experience, Professor Reuter has served as an expert in a mutual fund fee litigation, filing an expert report and testifying at deposition. He has also provided testimony to the US Department of Labor (DOL), which summarized his research on the behavior of brokers and broker-sold mutual funds. Professor Reuter has published a number of articles on topics such as mutual fund performance, the effect of pension design on employer costs and employee retirement choices, and the effect of advertising on product reviews. This research has been published in leading academic journals, including The Journal of Finance and The Quarterly Journal of Economics, mentioned in media outlets such as The New York Times and The Wall Street Journal, and cited by the President’s Council of Economic Advisers and the DOL. Professor Reuter also serves as an editorial board member of the Journal of Pension Economics and Finance. He is a research associate at the National Bureau of Economic Research and a fellow at the TIAA Institute.

Edward B. Rock – Martin Lipton Professor of Law and Director of the Institute for Corporate Governance & Finance, NYU School of Law – is an expert in corporate law and corporate governance. He coauthored the book The Anatomy of Corporate Law: A Comparative and Functional Approach, and has published numerous articles on topics such as poison pills, politics and corporate law, hedge funds, corporate voting, proxy access, corporate federalism, and mergers and acquisitions. Prior to joining the NYU faculty, Professor Rock taught at the University of Pennsylvania Law School, where at various times he served as co-director of the Institute for Law and Economics, associate dean, senior advisor to the president, and provost and director of open course initiatives. He has held visiting professorships at NYU and Columbia University, and was a Fulbright Senior Scholar at Hebrew University. Prior to his academic career, Professor Rock worked as an attorney specializing in complex antitrust, corporate, and securities litigation. In January 2019, the American Law Institute named him Reporter for the Restatement of the Law, Corporate Governance.

Antoinette Schoar – Stewart C. Myers-Horn Family Professor of Finance, MIT Sloan School of Management – is an expert in corporate finance, entrepreneurship, and organizational economics. Her research examines returns and capital flows in the venture capital industry, the financing of small and medium-sized enterprises and startup firms in emerging markets, and the impact of corporate governance practices on firm performance. Professor Schoar has served as an expert witness in cases involving commercial litigation and financial services. She is co-organizer of the Entrepreneurship Working Group at the National Bureau of Economic Research, a member of the Consumer Financial Protection Bureau’s Academic Research Council, and co-founder and scientific director of ideas42, a research lab on behavioral social science. Professor Schoar has published numerous articles and papers and received several awards for her research, including the Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship, and the Brattle Group Prize in Corporate Finance for her paper “Effects of Corporate Diversification on Productivity.” She is an associate editor of The Journal of Finance, American Economic Journal: Applied Economics, and the Journal of Economic Perspectives. Professor Schoar’s work has been featured in The Economist, the Financial Times, The New York Times, and The Wall Street Journal.

Daniel Snow – Associate Professor in Operations Management, Saïd Business School, and Fellow in Economics and Management, Exeter College, University of Oxford – is an expert in technology and operations, innovation management, and service management, with a specialization in automotive, health care, aerospace, and growth-stage companies. His research addresses two areas: the complex relationship between new and old technologies during technology transitions; and service operations, particularly the building of theoretical microfoundations to help define the field, and empirical research on operational productivity. Professor Snow has testified in antitrust and competition cases as well as commercial disputes. He has taught at Harvard Business School, The Wharton School of the University of Pennsylvania, Tuck School of Business at Dartmouth College, and BYU Marriott School of Business; presented at a variety of management, innovation, and technology conferences; and written numerous cases for academic use. In 2014, he and coauthor Lamar Pierce received the Olin Award for Research That Transforms Business. Professor Snow is an executive committee member of the Harvard Business School Institutions and Innovation Conference, and a former board member of the Council of Supply Chain Management Professionals.

New Principal

At the end of 2019, Analysis Group promoted Mark Gustafson to principal.

Mr. Gustafson applies his expertise in economics, econometrics, and modeling to litigation matters, complex business issues, and the analysis of public policy issues. He has worked extensively in the areas of health care, insurance, employment, ERISA, finance, intellectual property, commercial damages, and class certification. In his litigation work, Mr. Gustafson has testified at deposition, arbitration, and trial on physician compensation, the reasonable value of medical services, retirement benefits, employment compensation, lost earning capacity, and commercial damages, and he has critiqued plaintiffs’ proposed damages formulas in several class actions. His work with federal agencies includes leading teams in two notable fraud cases: US Department of Justice v. Tenet, which resulted in one of the largest settlements ever paid in a health care fraud case; and US Securities and Exchange Commission v. Yuen, which resulted in one of the largest civil penalties ever assessed in an accounting fraud case. Mr. Gustafson has worked with clients to perform affirmative pay equity studies and to develop methodologies to address identified disparities. He has explored economic issues associated with a wide range of insurance products, and also has experience in a variety of ERISA matters, including those related to 401(k) defined-contribution plans, health care plans, benefits, and insurance claims. Additionally, he has assembled and analyzed large, proprietary datasets common in pay equity, insurance, and health care engagements. Prior to joining Analysis Group, Mr. Gustafson was the business manager in Tokyo for an international nonprofit.

New General Counsel

Effective January 1, 2020, Analysis Group named Sueyoung Min as general counsel.

Ms. Min leads the firm’s Legal, Conflicts, and Compliance teams. She oversees legal risk management issues that arise across the firm, and is also responsible for corporate and regulatory matters. Ms. Min’s responsibilities have broadened in scope and depth as the firm has grown, and she has played an important role in its global expansion. Ms. Min has 25 years of experience as a legal professional; prior to joining Analysis Group in 2004, she was a corporate mergers and acquisitions attorney at Ropes & Gray. Ms. Min began her legal career as a law clerk for the Honorable Nathaniel M. Gorton of the United States District Court for the District of Massachusetts.

New Vice Presidents
Effective January 1, 2020, Analysis Group promoted 11 individuals across five offices to vice president.

In Boston, Peter Fabbrucci applies economic analysis to a wide range of litigation matters related to financial instruments, tax and accounting, and intellectual property. Deborah Hopkins manages the Conflicts team and is responsible for risk management across all aspects of the firm’s business engagements. Liz Lajoie directs all aspects of talent management, leading the learning and development and performance evaluation initiatives across the firm. Jeremy Smith applies statistical analysis to antitrust issues and to the evaluation of markets and regulation in the agriculture, energy, health care, and finance sectors. David Toniatti applies microeconomics, econometrics, and statistical methods to a wide array of litigation and strategy matters, particularly those related to mergers.

In Chicago, Mark Berberian specializes in applying economic and quantitative analysis to complex antitrust, breach of contract, and securities litigation matters.

In Los Angeles, Maral DerSarkissian uses epidemiologic methodology to study clinical and economic outcomes in a broad range of disease areas. Anne LaRue applies economic, financial, and accounting analysis in finance and securities, intellectual property, and general commercial litigation matters.

In Menlo Park, Daniel Deisenroth assists in all phases of the litigation process, applying risk and economic analyses in a wide range of cases involving mergers and acquisitions, valuation, and antitrust issues.

In Washington, DC, Douglas Frank specializes in the application of microeconomic theory to a host of industrial organization, strategy, governance, and organizational design challenges. Anna Gumen uses economic and market research methods to design, administer, and analyze consumer surveys in the context of brand defamation, patent litigation, trademark infringement, and false advertising litigation matters.