New York University’s Arthur L. Carter Journalism Institute has appointed Stephen D. Solomon as its first Marjorie Deane Professor of Financial Journalism.

Stephen is the founder and director of the MA programme in Business and Economic Reporting at the university. An innovative, interdisciplinary approach to teaching journalism, the programme requires students to take six courses at NYU’s Leonard N. Stern School of Business and seven courses at the Carter Journalism Institute.

Stephen is a recipient of NYU’s Golden Dozen Award for excellence in teaching. He was a writer at Fortune magazine and has also written for many other national publications, including The Wall Street Journal, The New York Times Magazine and The New Republic. His articles have won the two most prestigious awards for business writing, the Gerald Loeb Award and the John Hancock Award for Excellence.

The gift provided by the Marjorie Deane Financial Journalism Foundation will be used to help students wishing to pursue a career in financial journalism pay for tuition and living costs. It will also finance stipends for students to spend a week each year studying at City University in London, where they will take intensive seminars on the financial systems of the European Union. The Carter Journalism Institute will also host an annual Marjorie Deane lecture.

“This generous gift from the Deane Foundation will be a tremendous asset in helping to prepare our students for careers in business journalism,” said Michael Laver, New York University’s dean for the social sciences. “As our economy becomes increasingly globalised, developing an understanding of financial systems abroad is vital to any training in the journalism field.”

“Marjorie Deane was passionately interested in journalism and American finance—and she loved New York,” said John Micklethwait, the editor-in-chief of The Economist and a trustee of the foundation. “She would have been thrilled that the foundation that she set up has now appointed Stephen Solomon as the first Marjorie Deane Professor of Financial Journalism at New York University. All the trustees are very confident that he will build on the success that the foundation has already had in encouraging people to learn more about financial journalism in Britain.”