DIRECTORS
The Long Run Institute is led by its co-founders and directors: Dr. Michael Aldous, Secretary (UK), Dr. Laurence B. Mussio, Chair (Canada), Dr. Judy Stephenson, and Prof. John Turner, Treasurer (UK).
Dr. Michael Aldous
Dr Michael Aldous is Associate Professor in Management at Queen’s University Belfast. He has a Doctorate from the London School of Economics and Political Science, and an MBA from the IE Business School, Madrid. His research examines the long-run evolution of business organizations and markets, in particular understanding how business ownership affects the performance of firms, industries and economies. Dr. Aldous has a wide set of experiences working in communications and business development in both the private and university sectors. He was founder and director of Forum MBA and has worked extensively with Business Schools in the UK and Spain, building their brands and developing institutional relationships around the world. He is interested in the exciting opportunities that online technologies offer to the innovation of higher education.
DR. Laurence B. Mussio, FRHistS, CTDP
Chief Executive Officer
Dr. Laurence B. is a senior consultant specializing in business, finance, and technological change. A sought-after strategic advisor to senior executives, he brings exceptional scholarly insight and practical expertise to complex organizational challenges at the intersection of history, strategy, and leadership. His work examines the critical dynamics of technological transformation, political economy, regulation, and governance that shape institutional trajectories and decision-making.
As the founding CEO of SIERC, Dr. Mussio leads a specialized consultancy that advises C-suite executives and boards on strategic decision-making through the lens of institutional memory and historical intelligence. His pioneering work in applying historical methodology to contemporary business problems has made him a trusted counsel to some of North America's most influential financial institutions and corporations.
Distinguished Scholarship
Dr. Mussio's landmark two-volume history, Whom Fortune Favours: The Bank of Montreal and the Rise of North American Finance (McGill-Queen's University Press, 2020), has been acclaimed internationally. Renowned historian Sir Niall Ferguson described it as an "exemplary, deeply researched and insightful history" of one of North America's founding financial institutions. This comprehensive work, consisting of Volume 1: A Dominion of Capital, 1817-1945 and Volume 2: Territories of Transformation, 1946-2017, represents the definitive analysis of Canadian financial evolution through the lens of one of its oldest institutions.
His earlier volume, A Vision Greater Than Themselves: The Making of the Bank of Montreal, 1817-2017, offered an accessible yet sophisticated treatment of two centuries of financial history. All works are available in both official languages and have solidified his reputation as a leading authority on North American financial history.
Leadership & Influence
In recognition of his significant contributions to historical scholarship, Dr. Mussio was elected Fellow of the Royal Historical Society. He serves as:
- Chair and Co-Founder of the Long Run Institute (LRI), an international forum connecting scholars, corporate leaders, and policymakers to address contemporary challenges through a historical perspective
- Special Advisor to the Office of the Chief Executive Officer, BMO Financial Group
- Member of the International Advisory Board, Queen's University Belfast Centre for Economic History
- Member of the Leadership Council, Ian O. Ihnatowycz Institute for Leadership, Ivey Business School at Western University
Academic & Professional Engagement
Dr. Mussio maintains active engagement with premier business education institutions, currently serving as Professor in the MBA Program at the Schulich School of Business, York University. His teaching expertise extends to graduate programs at McMaster University, Syracuse University, and the prestigious Kellogg-Schulich Executive Education Program.
As a Certified Training and Development Professional (CTDP), he frequently conducts high-level training for Ontario public service executives, bringing his unique integration of historical methodology and contemporary leadership challenges to public sector management.
Public Influence & International Recognition
Dr. Mussio is a frequent contributor to the Globe and Mail, Canada's premier national newspaper where his analysis of business trends, technological disruption, and regulatory frameworks offers valuable context for contemporary issues through a historical lens. In particular, his op-eds across 2025 have helped to shape the national debate.
His international standing is reflected through his connection with the RAND Corporation and his co-authorship of “Applying History to Inform Anticipatory AI Governance: Using Foresight and Hindsight to Inform Policymaking,” through his multilingual capabilities—he is fluent in French and Italian, with intermediate proficiency in German—and his induction as Chevalier of La Confrérie de la Tastevin de Bourgogne, France. He is listed in Canadian Who's Who, Canada's definitive biographical reference publication.
Dr. Mussio resides in Toronto, Canada, where he continues to shape the discourse on business history and strategic leadership through his writing, advisory work, and executive education.
Dr. Judy Stephenson
Judy Stephenson is an economic historian of organisations, labour and markets. She is an Associate Professor at The Bartlett, University College London and a research associate at both the Oxford Centre for Economic and Social History and The Cambridge Group for the History of Population and Social Structure. She was formerly a fellow of Wadham College, Oxford. Her work looks at bargaining between employers and workers, and the relationship between contract and organisational change in labour markets. She has published two books and many papers in academic journals on historical labour markets, organisations and contracts and has been quoted in the Financial Times and the Economist. She is currently writing a history of labour market bargaining in the long run, Wages before Machines, to be published by Princeton University Press.
Prof. John Turner
Professor John D. Turner is a Professor of Finance and Financial History at Queen’s University Belfast and is the founder of the Centre for Economic History. He is the former Head of Queen’s Management School. He has been a Houblon-Norman Fellow at the Bank of England and an Alfred Chandler Fellow at Harvard Business School. Professor Turner’s research is on the long-run evolution of banking, bubbles, corporate law, and financial markets. He is an editor at the Economic History Review and Economics Observatory. He has recently co-authored Boom and Bust: A Global History of Financial Bubbles, which was listed as a Financial Times best book of the year in 2020.
Our Team
Dick Yu
Strategic Advisor
Cheng-Chung Yu is president of Cheng-Chung Yu Professional Corporation, an accounting and consulting firm. Mr. Yu holds CPA designations in Canada, the U.S. and Taiwan. He has global experience and expertise in financial planning, tax compliance, public accounting, commercial banking, corporate finance and strategic planning. Mr. Yu previously served in key management roles at Dundurn Press, Canadian Scholars’ Press, CIBC, Honeywell and Arthur Andersen, all part of his thirty-some years working for small to large Fortune 100 companies.
In addition to being a CPA, Mr. Yu is a CFP and CFA. He grew up in Taiwan and obtained his MBA from the University of Michigan. Mr. Yu speaks English, Mandarin, Taiwanese, Cantonese and some Japanese.
Robin Adams
Strategic Advisor
Robin Adams is a strategic advisor at the Long Run Initiative. Robin has a doctorate in Economic and Social History from the University of Oxford and previous experience in executive search, specialising in filling Board level positions at FTSE350 corporations. He is also a senior consultant to social media start-up The350.Club.
Ryan Moffat
Strategic Advisor
Ryan Moffat is a leader in the area of change management. With a career that has spanned the not-for-profit and life sciences sectors, he has become adept at navigating teams through complicated projects. Ryan’s main focus has been to develop and support teams of subject matter experts who excel at delivering everything from industry practice guidelines to training sessions to full-scale professional conferences. Ryan believes strongly in the power of engaged, motivated and enthusiastic teams to enact real and sustainable change.
Jessica Newman
Strategic Advisor
Jessica Newman is a graduate of the MBA Program at the Schulich School of Business, York University, Toronto. She is currently a Strategic Advisor for the Long Run Institute. Jessica’s career has been in the energy industry with a specific focus on energy conservation programs. Jessica also has a background in classical music and currently sits on the Board of Directors for the Orpheus Choir of Toronto, one of Toronto’s preeminent choral groups.
Elizabeth Delaney
Elizabeth Delaney has a range of executive experience in the private and not-for-profit sectors. As a regional coordinator with a national not-for-profit organization, she oversaw programs serving a variety of constituents and stakeholders. She has also worked in the business, post-secondary and arts communities and was a member of the Editors' Association of Canada. As part of her own professional development, she recently completed a combined honours degree in linguistics and communication studies at McMaster University in Hamilton. Elizabeth has supported the SIERC team since 2013.
Elizabeth is a member of the Burlington Symphony Orchestra. She plays viola.