News Summary
Pace University has appointed Dr. Ajay Khorana as the new Dean of the Lubin School of Business, effective September 1, 2025. Khorana, with nearly 20 years of experience in global finance and a strong academic background, aims to enhance the school’s programs and reputation. Recognized as a transformational leader, he will focus on collaboration with faculty, students, and industry partners to continue the school’s legacy of excellence in business education.
New York City – Pace University has appointed Ajay Khorana, Ph.D., as the new Dean of the Lubin School of Business, effective September 1, 2025. The announcement comes after a thorough nationwide search for the position, reflecting the university’s commitment to advancing its standards in business education.
Khorana brings a wealth of experience in global finance to his new role. He has spent nearly 20 years at Citigroup, where he served as the global treasurer for the U.S. Personal Banking and Global Wealth businesses. In this position, he was responsible for strategic financial planning, risk management, and capital allocation for a massive $400 billion balance sheet. Khorana also held the position of global head of the Financial Strategy Group, advising Fortune 500 companies on critical areas such as mergers and acquisitions, capital structure, shareholder strategy, and corporate governance.
In addition to his corporate experience, Khorana has an extensive academic background that complements his financial expertise. He taught at prestigious institutions including Georgia Tech’s Scheller College of Business and the University of Virginia’s Darden School of Business, where he honed his skills as a respected scholar and instructor. His research has been published in leading academic journals, demonstrating his depth of knowledge in finance.
Pace University President Marvin Krislov recognized Khorana as a transformational leader, noting his combination of real-world experience and academic depth will have a significant impact on the school’s programs and reputation. Khorana expressed enthusiasm over joining an institution known for its strong foundation in academic excellence and career preparation. His vision includes collaboration with faculty, students, alumni, and industry partners to further enhance the legacy and innovation of Lubin.
The Lubin School of Business has established itself as a nationally recognized leader in business education, known for effectively preparing graduates for career success and professional advancement. The school holds an elite dual accreditation in both business and accounting from the Association to Advance Collegiate Schools of Business (AACSB), a distinction that fewer than 2 percent of business schools worldwide can claim.
Pace University has consistently ranked in the upper tier of private colleges nationwide when it comes to return on investment, according to data from PayScale. The university has also made it onto prestigious lists such as Forbes’ Top Colleges 2024 and has been recognized as one of America’s Best Colleges by impactful sources including the Wall Street Journal and The Princeton Review.
Jonathan H. Hill, interim provost and executive vice president for academic affairs at Pace, remarked on Khorana’s appointment as a pivotal moment for the Lubin School. He indicated that Khorana’s impressive background will serve as a catalyst for the school’s growth and enhance its global relevance.
Khorana’s academic credentials include a Ph.D. in finance from the University of North Carolina’s Kenan-Flagler Business School, an MBA in finance from Wake Forest University, and a bachelor’s degree in economics with honors and a minor in mathematics from the University of Delhi. His comprehensive background positions him well to lead the Lubin School of Business into its next chapter.
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Additional Resources
- Poets & Quants: Pace University Names Former Citi Executive as Dean
- Wikipedia: Lubin School of Business
- The Indian Eye: Pace University Appoints Ajay Khorana Dean
- Google Search: Ajay Khorana
- Encyclopedia Britannica: Pace University
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