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PEOPLE - Back To School

Gerry Rosenfeld picked a fine time to step down from his post at Rothschild North America, where he had been CEO since 2000.

Gerry Rosenfeld picked a fine time to step down from his post at Rothschild North America, where he had been CEO since 2000. But for the 60-year-old investment banking veteran, the credit market crunch is just another day at the office. "I've seen a lot of good markets and a lot of bad markets. How long this crappy market will last, who knows, but for me the decision was independent of what the markets were or weren't going to do," he says.

Rosenfeld, who has been an adjunct faculty member at NYU's Stern School of Business for 15 years, starts this month in a full-time capacity, teaching one course on transactions and another on business ethics. He will also be an adjunct faculty member at the NYU School of Law, while remaining as deputy chairman at Rothschild, where he intends to focus mostly on client work.