Below are just a few of the industry leading speakers confirmed so far. Take a look at the full speaker line-up to date for the leading USA risk management event here.
Robert Jarrow is a Professor at Cornell University and director of research at Kamakura Corporation. He is a creator of the Heath-Jarrow-Morton model, the forward price martingale measure, and reduced form credit risk models. His research was the first to distinguish forward/ futures prices and study option pricing with market manipulation. He has been the recipient of numerous prizes and awards including the CBOE Pomerance Prize for Excellence in Options Research, the Graham and Dodd Scrolls Award, the Bernstein Fabozzi/Jacobs Levy Award, and the 1997 IAFE/SunGard Financial Engineer of the Year. He is on the advisory board of Mathematical Finance – a journal he co-started in 1989. In 2009 he was awarded Risk Magazine’s Lifetime Achievement Award. He is included in both the Fixed Income Analysts Society Hall of Fame and Risk Magazine’s 50 member Hall of Fame. He has written five books and has over 180 academic journal publications. His newest book, entitled Derivative Securities, Financial Markets, and Risk Management, is now available for sale.
Ben Saunders is a polar explorer and a record-breaking long-distance skier, with five North Pole expeditions under his belt. He is the youngest to ski solo to the North Pole and holds the record for the longest solo Arctic journey by a Briton. He has spent two percent of his entire life living in a tent. Ben is currently preparing for one of the most ambitious polar expeditions of all time. Between October 2013 and February 2014 he leads a three-man team setting out to retrace Captain Scott’s ill-fated return journey to the South Pole on foot. This 2,900km expedition will be the longest unsupported polar journey in history, and the first time that Scott’s journey is completed.
Bennett W. Golub is Chief Risk Officer, a member of the Global Executive Committee and co-head of the Risk & Quantitative Analysis Group of BlackRock, Inc. In that role, he is responsible for the investment, counterparty and operational risk of all the assets managed by BlackRock. Dr. Golub is also the co-chair of BlackRock's Corporate Risk Management and New Products Operating Committees. Dr. Golub is one of the founding partners who in 1988 came together to start a small asset management firm – today known as BlackRock. Previously Dr. Golub was co-head and founder of BlackRock Solutions, BlackRock's risk advisory business. Dr. Golub also served as the acting CEO of Trepp, LLC., a former BlackRock affiliate that pioneered the creation and distribution of data and models for mortgage-backed securities, beginning in 1996. Prior to joining BlackRock, Dr. Golub was a Vice President at The First Boston Corporation. Dr. Golub earned a PhD degree in applied economics and finance from Massachusetts Institute of Technology.
Graduated in Economics from Bocconi University in Milan, Italy, he holds an MA from INSEAD (Fontainebleau, France). Decio started his finance career in London in 1990 at IMI International and then worked at Morgan Stanley, McKinsey and EBRD until 2000. He then joined UniCredit Group as Head of Foreign Banks Strategy, M&A, P&C and was subsequently appointed COO at Zagrebacka Banka (Croatia), COO at Bulbank (Bulgaria) and then Executive Director of Yapı Kredi (Turkey), where he also became COO and Deputy CEO. In 2011 he returned to Italy as Head of Family&SME Division and in August 2012 was appointed Chief Risk Officer.
William "Bill" L. Hartmann is responsible for Key's risk management functions, including credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. Bill reports directly to Beth Mooney, Chairman and CEO of KeyCorp, and is a member of KeyCorp's Executive Leadership Team and Executive Council. He is vice chair of the Enterprise Risk Management Committee. Bill joined Key as Chief Credit Officer in April 2010 and served as the Chair of the Credit Risk Committee. Prior to joining Key, Bill spent 29 years with Citigroup where his last position was Global Head of Large Corporate Risk Management. While at Citigroup, Bill held numerous roles with increasing responsibility including Chief Risk Officer Asia Pacific, Head of Global Portfolio Management, Co-Head of Leveraged Finance Capital Markets and Global Head of Loan Sales & Trading. Bill began his banking career at American National Bank & Trust Company in Chicago.
Surjit Rajpal was appointed to his current position in March 2011. He joined BMO Financial Group in 1982 and has since held a number of positions in Capital Markets, Relationship Management, Corporate Finance, Merchant Banking, Treasury, Credit Risk Management and Project Finance. In 1995, as Senior Vice President of Global Distribution, he set up an integrated platform for BMO and Harris for Loan Syndication, Sales and Trading. Mr. Rajpal was also responsible for establishing the distressed trading and emerging market trading desks during his time in the United States. In 2006, he was appointed Executive Managing Director and Global Head of Loan Products and Merchant Banking and was responsible for all aspects of the loan product business. He was also responsible for all merchant banking activities including third-party investments and a mezzanine/ equity fund. The early part of Mr. Rajpal’s career was spent in India and Hong Kong at Bank of America.
Jacques Beyssade began his career at Crédit Lyonnais as a financial analyst. He headed up the Champs Elysées Corporate Banking Branch before being appointed Country Manager of Korea. He later became Head of Debt Markets. In 2006, he took up the position of Head of Calyon’s Capital Markets division for the Asia-Pacific region. He joined Natixis in 2008 and, since July 2009, he is the Chief Risk Officer of the bank and a member of its Executive Committee.
David Blanchflower was a Member of the Bank of England Monetary Policy Committee from 2006 to 2009. He is currently Bruce V. Rauner Professor of Economics at Dartmouth College in the United States, a position he has held since 2001. David was named 'Business Person of the Year' by the Daily Telegraph, in their Great Britons of 2008 Awards. His citation said "not only did David Blanchflower foresee the scale of the recession months before the eventual impact; he attempted to do something about it. He was the one Bank of England executive who consistently argued in favour of dramatically lower interest rates." David's economic interests lie in jobs and wages and happiness. He has described his research technique as "the economics of walking about: you ask people what's going on in their lives and you take seriously what answers they give you". David was awarded the CBE for services to economics in the Queen’s Birthday Honours List in 2009.
John Coates previously traded derivatives for Goldman and ran a desk for Deutsche Bank. He now researches the biology of risk taking. His book, The Hour Between Dog and Wolf, has been short listed for the FT-Goldman Business Book of the Year; the Wellcome Trust Science Prize; and was chosen book of the month by the British Army. The journal, Foreign Policy, named him one of the most influential thinkers of 2012.
Before joining Eurasia Group, David spent more than ten years working at the highest levels of US foreign and national security policy processes. From June 2007 to January 2009, David served as the director of policy planning under Secretary of State Condoleezza Rice. He played a leading role in developing policy ideas for Rice on issues ranging from Afghanistan and Pakistan to US engagement in East Asia to the multilateral response to the international financial crisis. Prior to this, David served in a top management role at the National Intelligence Council (NIC) from 2004 to 2007. Other positions that David has held include the director of CIA's Office of Transnational Issues and national intelligence officer for economics and global issues at the NIC. For six years, David represented the intelligence community on the senior White House interagency body responsible for coordinating international economic policy. David's latest book is Managing Strategic Surprise: Lessons from Risk Management and Risk Assessment.
Evan Picoult is a Managing Director within Citi’s Risk Architecture Department as well as an Adjunct Professor in the Decision, Risk and Operations Department of Columbia University’s Business School. Over the last few years he has focused on firm-wide projects regarding Basel II, stress testing and the enhancement of the measurement, implementation and use of Economic Capital. Evan joined Citibank in 1980 in systems development, transferred to a trading desk in 1986 and has worked in internal risk management since 1988. He has led the development of the methods used at Citi for measuring market risk and counterparty credit risk. He is a frequent lecturer at universities and has published a number of articles on risk topics.
Michelle McCarthy joined Nuveen in May, 2010, prior to which she served as Chief Risk Officer at Russell Investments. From 2003 to 2009 she was the Chief Market and Operational Risk Officer at Washington Mutual Bank. Michelle has 17 years of experience as a risk officer at Bankers Trust and Deutsche Bank. Early in her career, Michelle was a derivatives trader and portfolio manager for Bankers Trust. Later, she provided asset managers, hedge funds and pension funds with sophisticated market risk analytics, developing and implementing risk systems. Michelle has a Master’s degree in Government from Harvard University. She serves as a trustee of GARP, and is a member of the Buy Side Risk Managers Forum. She is a member of the Investment Company Institute’s Risk Management Committee, and its Derivatives Advisory Committee.
Mark White is accountable for the strategic management of enterprise capital for BMO. He is also responsible for managing capital issues with regulators and rating agencies and for overseeing capital issuances. He is co-leader of BMO’s internal capital adequacy assessment process and regularly presents to the BMO Board. Mark joined BMO from Canada’s Office of the Superintendent of Financial Institutions (OSFI) and was OSFI’s Assistant Superintendent, Head of Regulation Sector, and a member of the OSFI Executive. He was OSFI’s representative on the Basel Committee for Banking Supervision and chaired the Basel Committee’s Risk Measurement Group. Mr. White began his career at Fasken Martineau DuMoulin as a business law lawyer. He went on to become Senior Vice President, Legal Director and Chief Counsel at AT&T Capital before joining Ernst & Young. In 2001 he joined RBC Capital Markets, where he was Managing Director and Global Head of the Strategic Transactions Group.
John Hull is an internationally recognized authority on derivatives and risk management. He was, with Alan White, one of the winners of the Nikko-LOR research competition for his work on the Hull-White interest rate model and was in 1999 voted Financial Engineer of the Year by the IAFE. He has also won many teaching awards, including University of Toronto's prestigious Northrop Frye award. He has written three books: “Risk Management and Financial Institutions” (now in its 3rd edition), "Options, Futures, and Other Derivatives" (now in its 8th edition) and "Fundamentals of Futures and Options Markets" (now in its 8th edition). The books have been translated into many languages and are widely used in trading rooms and classrooms throughout the world. Dr. Hull is co-director of Rotman’s Master of Finance program. Dr. Hull has also taught at York University, University of British Columbia, New York University, Cranfield University, and London Business School.
Fred Gjerstad is a Senior Vice President and head of the Investment Risk Management team within SSgA. The team is responsible for the investment risk management across the firm's portfolios. Mr. Gjerstad serves as a member of SSgA's Senior Management Group and is a member of the Investment Committee. Prior to joining SSgA, Mr. Gjerstad spent eight years at Putnam Investments, the last five as a senior risk manager in the Risk and Portfolio Analysis group. He started his career at Frank Russell Company where he worked as a portfolio analyst and has been in the industry since 1992. Mr. Gjerstad earned a Master of Business Administration from Pacific Lutheran University. He is a Charted Financial Analyst (CFA) and a member of the CFA Institute and the Boston Security Analysts Society.
Adam is responsible for developing the firm’s strategic response to various regulatory initiatives, including analysing the impact of regulatory proposals, developing the firm’s positions and preparing for the implementation of final rules. Adam is a leader in the firm’s capital management process through his co-chairmanship of the Economic Capital Working Group, chairmanship of the Regulatory Capital Policy Committee and oversight of the firm’s Basel capital implementation. Adam is a member of the firm’s Risk Management Executive Team, Asset Liability Committee and North America Reputation Risk Committee.
Charles’s initial career was at the British Foreign Office, where he became a China specialist, serving in the British Embassy in Beijing from 1982 – 1986. Other postings included Ottawa and European security work in Vienna, and London desks included Hong Kong, the Middle East, Head of China Section and Deputy Head of Far East and Pacific Department. From 1998 – 2000 he was seconded to International Financial Services, London to help restructure the organisation and develop a strategy for promoting UK financial services overseas. In 2000 he returned to the Embassy in Beijing as Director of Trade and Investment for China. In 2004 he joined the Group Strategy function of the Royal Bank of Scotland, where his portfolio included oversight of the Group’s China projects. In July 2008 he joined the Group Strategy and Planning team at HSBC, working on a range of projects including the low carbon economy, convergence of mobile telephony and banking and other “disruptive change” issues. He moved to his current role in May 2010. His portfolio focuses on the reform of financial regulation, and also includes responsibility for China Affairs.
Denis Beau is Director General of Operations and a member of the Executive Committee of Banque de France. He co-chairs the French SEPA Committee and participates in a number of bodies both at national and international levels. Born in 1962, he joined Banque de France in 1986 after graduating from l’Institut d’Etudes Politiques de Paris. He subsequently received a Master degree in Business Administration from INSEAD. He also served at the Bank for International Settlements as secretary of the G10 Committee on Payment and Settlement Systems.
David Watts joined the Executive Team of Westpac New Zealand Ltd in 2009 taking on the position of Chief Risk Officer. He is a member of the Executive Management Team, Chairman of the Executive Risk and Audit Committee, Chairman of the Assets & Liabilities Committee, a Director of 9 affiliate boards and a Trustee for the Westpac Employees Superannuation Scheme. Before joining Westpac David had a successful 17 year career at National Australia Bank where he was Chief Risk Officer for Australia. Prior to entering banking, David enjoyed 10 years as a Certified Practising Accountant. He has studied at the Wharton Business School, INSEAD, Deakin University and the Royal Melbourne Institute of Technology.
Michel Araten is Managing Director at J.P.Morgan Chase with special focus on regulatory issues, Basel II and JPM’s Strategic Risk Grading Task Force. For the last 12 years he has developed credit risk capital models for global retail, wholesale, and capital markets, and has completed a number of historical studies supporting these models. His previous assignments over the last 35 years at J.P.Morgan Chase include Manager, Management Science, Group Executive in Real Estate Finance, Secretary of the Credit Policy Committee, Director of Insurance Income Products, and Managing Director, Mezzanine Finance. He has published widely in journals and authored chapters in books. He is Chairman of the Data and Models Committee of the IACPM and on the Editorial Board of the Journal of the RMA. He has been an Adjunct Lecturer at Columbia University, Fordham Graduate School of Business and at Polytechnic Institute and holds a PhD in Operations Research from Columbia University.
Kenneth Winston is the Chief Risk Officer of Western Asset Management, a unit of Legg Mason. Western manages over $500 billion of fixed income assets globally. Dr. Winston heads the risk management group, comprising analytics, investment and credit risk analysis and risk management, and enterprise risk management. He chairs the firm's market and credit risk committee. Previously, Dr. Winston was chief risk officer at Morgan Stanley Investment Management, and worked as firm portfolio risk manager on Morgan Stanley's sell side. Dr. Winston obtained a PhD in mathematics from MIT, and taught mathematics at Rutgers University before starting his financial career as portfolio manager. He is the author of a number of articles in mathematics and finance.
Christopher R. Perkins leads Citi’s efforts to provide non-participant access to OTC derivative central clearing counterparties throughout the globe. He oversees a clearing business that has successfully cleared hundreds of billions of dollars in client Interest Rates Swaps and Credit Default Swaps. Mr. Perkins is an active participant in numerous industry working groups and represents the firm on the ISDA Industry Clearing Committee, the FIA/ ISDA Central Clearing Working Group, and MFA OTC Derivatives Forum. His article, “More Guidance Needed From Regulators on Clearing,” (Risk Magazine, 23 June 2011) helped facilitate important changes to clearing house financial safeguards packages, leading to a mitigation of overall systemic risk. Mr. Perkins works closely with regulators throughout the world on successful central clearing design. Prior to joining Citi in 2008, Mr. Perkins served as the U.S. Head of Derivatives Intermediation at Lehman Brothers.
Previously Barry headed the risk function at several other hedge funds. He has also worked in the risk management function at Chase, and in the public sector at the US OCC and the US CFTC. He began his career in academia at Simon Fraser University, Canada. He is a Director of PRMIA and is on the Advisory Board of IAFE. He is a Fellow of the Program in Mathematics of Finance at NYU. He is a Research Associate at EDHEC Business School. He is on the editorial board of the Journal of Derivatives. He founded the risk management website GloriaMundi.org. He blogs at BelRanto.tumblr.com.
Before joining RBC Capital Markets, Sanjay Sharma was the Chief Credit Officer of Natixis Capital Markets for five years. Prior to his tenure at Natixis he held investment banking and risk management positions at Merrill Lynch, Goldman Sachs, Moody’s, and Citigroup respectively. At Merrill he headed the ratings advisory practice for the Americas and also advised the firm’s clients on issues related to liability management and capital structure. At Goldman he advised the firm’s clients on issues related to capital structure and ratings. Prior to his career in the financial services industry, he worked as a marine engineer. He holds a Ph.D. in Finance and International Business from New York University. He holds the CFA charter and is the Founder and Board Member of Green Point Technology Services, a provider of online education.
John McMurray is chief risk officer for Russell Investments leading the global risk management function. He has more than 25 years of risk and investment management experience with large commercial and government-sponsored institutions with assets under management exceeding one trillion U.S. dollars. His experience spans multiple asset classes across several market cycles. John’s background encompasses consumer, commercial and counterparty market and credit exposures for securities, options, whole loans, derivatives, guarantees and insurance. John holds an MS from MIT, an MBA from the University of Texas (San Antonio) and a BS from Trinity University. He is a CFA and CPA.
Brian S. Strauss is the Chief Risk Officer of Knight Capital Group, Inc., where he has global responsibility for credit, market and operational risk management. Before being promoted to this newly-created role in September, 2012, Mr. Strauss served as Chief Credit Officer. He joined Knight in 2009 as Head of Credit Risk for Knight’s institutional fixed income business. Prior to this, Mr. Strauss was a Managing Director and Senior Credit Officer at UBS Americas Inc., where he served as Co-Head of Hedge Fund Credit in the Americas. Previously, he was employed by Bank One N.A. as a Managing Director and Capital Markets Credit Officer. Mr. Strauss has held senior roles at Merrill Lynch & Company, Lehman Brothers and Bankers Trust Company. He began his banking career with Manufacturers Hanover Trust in New York. Mr. Strauss serves as President of the Risk Management Association - New York Chapter. He received an M.B.A. in finance from the Leonard N. Stern School of Business at New York University.