Below are just a few of the top industry speakers who spoke at RiskMinds International 2014.
Lord Adair Turner currently serves as Senior Fellow at the Institute for New Economic Thinking, a new think tank founded by George Soros dedicated to re-thinking the field of economics in the wake of the financial crisis. Lord Turner served as Chairman of the Financial Services Authority (FSA), the regulatory body overseeing the financial services industry in the UK, from 2008 until its abolition in March 2013. He successfully rebuilt the institution’s reputation after the financial crisis and negotiated changes to the regulatory regime. Under his leadership, the FSA produced an influential report in 2009 (the Turner Review) recommending a rethink of global banking regulation in response to the credit crunch and collapse of global banking liquidity
Martin Spolc led the team in charge of developing the Commission’s proposal on the bank structural reform. Prior to his current role he advised the Director General in the European Commission on all key projects in the area of financial services, in particular the bankingunion, bank resolution and bank structural measures. In 2007-2011, he worked in the banking unit, where he led the preparation of the CRD4 proposal and participated in several working groups of the Basel Committee on Banking Supervision, in particular the Risk Measurement Working Group and the Joint Forum’s Working Group on Risk Assessment and Capital. Before joining the Commission, he worked in Ernst & Young in risk management advisory services.
Erkki Liikanen has been Governor of the Bank of Finland since 2004. Mr Liikanen, a former EU Commissioner, Ambassador and Minister of Finance, is one of the longest serving members of the Governing Council of the European Central Bank. He is Chairman of the ECB Audit Committee, with a mandate to enhance the corporate governance of the ECB and the Eurosystem. He is also Governor of the International Monetary Fund for Finland. At the European Commission, Mr Liikanen was responsible for Enterprise and Information Society, and earlier for Budget, Personnel and Administration.
Sir John Vickers has been Warden of All Souls College, Oxford, since October 2008. He was Chief Economist at the Bank of England and a member of the Monetary Policy Committee 1998-2000; Director General/Chairman of the Office of Fair Trading 2000-05; President of the Royal Economic Society 2007-10; and Chairman of the Independent Commission on Banking 2010-11.
One of the world’s most distinguished macro economists, Willem Buiter previously was Professor of Political Economy at the London School of Economics. He was an advisor to Goldman Sachs from 2005 to 2010 and prior to that, was Chief Economist for the European Bank for Reconstruction & Development between 2000 and 2005. He was a founder external member of the Monetary Policy Committee of the Bank of England and has been a consultant to the IMF, the World Bank, the Inter-American Development Bank and the Asian Development Bank and the European Commission. In 2000, Willem was awarded the CBE in 2000 for services to economics.
Thomas M. Hoenig was confirmed by the Senate as Vice Chairman of the Federal Deposit Insurance Corporation on Nov. 15, 2012. He joined the FDIC on April 16, 2012, as a member of the FDIC Board of Directors for a six-year term. He is a member of the executive board of the International Association of Deposit Insurers. Prior to serving on the FDIC board, Mr. Hoenig was the President of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011. Mr. Hoenig was with the Federal Reserve for 38 years, beginning as an economist and then as a senior officer in banking supervision during the U.S. banking crisis of the 1980s. In 1986, he led the Kansas City Federal Reserve Bank's Division of Bank Supervision and Structure, directing the oversight of more than 1,000 banks
Andrew Gracie is Executive Director for Resolution. He has responsibility for the resolution of banks and the other financial institutions subject to the UK Special Resolution Regime and for developing Bank policy in this area. Andrew joined the Bank of England in 1988. In previous roles he has worked in Financial Stability, Markets and Banking Supervision. Between 2006 and 2011 he left the Bank to run his own consulting company, Crisis Management Analytics.
Neil Esho is Deputy Secretary General of the Basel Committee on Banking Supervision, which he joined in April 2006. Prior to joining the Basel Committee Secretariat, Neil was Head of Research at the Australian Prudential Regulation Authority (APRA).
Mr. José María Roldán was Director General of Banking Regulation of the Bank of Spain and member of its Executive Board since October 2000 until October 2013. During his tenure as DG he was member of the Basel Committee on Banking Supervision (BCBS), he was the Chairman of the Standards Implementation Group (SIG) of the BCBS from 2007 until end 2011 and in 2002/2003 he chaired the Joint Forum during the tenure of the BCBS. Mr. Roldán was also the first Chairman and founder of the Committee of European Banking Supervisors (CEBS), the forerunner of the European Banking Authority (EBA). Mr. Roldán was under-secretary of state and Chief of Staff of the Vice-President of the Spanish Government between 1996 and 1997.
Nassim N. Taleb is a former derivatives trader who became a scholar
and philosophical essayist in 2006. He self-funds his research and operates in the manner of independent scholars. Taleb is the author of The Incerto: A Philosophical Essay on Uncertainty, in 4 Volumes, which includes The Black Swan (2007) and Antifragile (2012).He is also author
of a series of mathematical monographs on Probability and Risk in the Real World. His works focuses on decision making under opacity, and how systems can handle disorder.
Emanuel Derman directs Columbia University's program in financial engineering. He started out as a theoretical physicist, doing research on unified theories of elementary particle interactions. At AT&T Bell Laboratories in the 1980s he developed programming languages for business modeling. From 1985 to 2002 he worked on Wall Street where he co-developed the Black-Derman-Toy interest rate model and the Derman-Kani local volatility model. His latest book is Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disasters, On Wall Street and in Life, one of Business Week’s top ten books of 2011. He is also the author of My Life As A Quant, also one of Business Week's top ten of 2004, in which he introduced the quant world to a wide audience.
Didier Sornette is the author 500+ research papers and 7 books. Prof. D. Sornette's research is based on the hypothesis that most extreme risks (and gains) are ``dragon-kings'', that is, they almost always result from maturations and drifts towards a critical instability, with measurable precursors either at the technical and/or socio-economic levels. Didier Sornette uses rigorous data-driven mathematical statistical analysis combined with nonlinear multi-variable dynamical models including positive and negative feedbacks. In 2008, he launched the Financial Crisis Observatory to test the hypothesis that financial bubbles can be diagnosed in real-time and their termination can be predicted probabilistically.
Charles Calomiris' research spans several areas, from banking and corporate finance to financial history and monetary economics. Calomiris served on the congressionally mandated International Financial Institution Advisory Commission in 2000, and served from 2011 to 2013 on the Advisory Scientific Committee of the European Systemic Risk Board. He spent the last year as a visiting researcher at the IMF, and now serves as a consultant for the Office of Financial Research of the U.S. Treasury.
Jon Danielsson holds a PhD in economics, specializing in econometric models of market volatility. Jon’s research interests include systemic risk, financial risk forecasting, financial regulations, econometrics, financial stability and extreme value theory. Jon has published his research extensively in both academic journals and the mainstream media, blogging frequently on VoxEU.org. His most recent books are Financial Risk Forecasting and Global Financial Systems.
John Hull is an internationally recognized authority on derivatives and has many publications in that area. Recently his research has been concerned with credit risk, executive stock options, volatility surfaces, market risk, and interest rate derivatives. 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. He has written three books “Risk Management and Financial Institutions” (new this year), "Options, Futures, and Other Derivatives" (now in its sixth edition) and "Fundamentals of Futures and Options Markets" (now in its fifth edition). The books have been translated into many languages and are widely used in trading rooms throughout the world. He has won many teaching awards, including University of Toronto's prestigious Northrop Frye award, and was voted Financial Engineer of the Year in 1999 by the International Association of Financial Engineers.
Wilfred Nagel is responsible for ING’s risk management departments including compliance. He was also appointed to sit on the executive board in 2012. Prior to his current role, Wilfred has held a number of roles in ING including, CEO, ING Bank Turkey, CEO, ING Wholesale Bank Asia and Global Head Credit Risk Management, ING Group. Wilfred started his career at ABN Amro.
Andreas is responsible for Group Strategic Risk Management, Group Corporate Risk Management, Group Retail Risk Management, Group Corporate Workout, Group Compliance, Legal & Security, Erste Group Immorent Real Estate Risk Management, Group Risk Governance and Projects & Quantitative Risk Methodologies
Arnaud joined Société Générale Group in 1993. He spent 10 years in SG Corporate and Investment Banking both in France and the US, in particular in the project finance business and as head of Strategy of SG Corporate and Investment Banking. He joined the Group’s Finance Division in 2003, as Deputy then Head of Financial Management, and was appointed Deputy Chief Financial Officer of the Group in 2008. Arnaud Jacquemin is a member of the Group Management Committee. He is also a Board member of Société Générale Bank, Trust Group and Rosbank.
Colin Church has overall responsibilities for market, credit, franchise and operational risk in the EMEA region. He is a member of the EMEA Operating Committee and Citi’s Risk Management Executive Committee. Prior to his current role, Colin was Head of EMEA Market Risk, with Global Market Risk responsibility for Global FX, Treasury, and Citibank Japan. Colin joined Salomon Brothers in New York in 1980, relocated to London in 1984, and in 1993 he was appointed European Treasurer. He was promoted Managing Director in 1994, joining the Citigroup Independent risk management group in 1999. Colin has also served as a Board member of Euroclear and as Company Director of Salomon Brothers International Ltd.
Laura Dottori-Attanasio is responsible for the bank’s enterprise-wide risk management including credit, market, liquidity and operational risk. Ms. Dottori-Attanasio joined CIBC as Global Head of Corporate Credit Products in 2009, where she was responsible for all credit activities at CIBC's wholesale bank, including corporates, trading room credits and international lending activities. She is a member of the Board of Directors of the Children's Aid Foundation, CIBC Children’s Foundation and Bridgepoint Health Foundation. She was named one of "Canada's Most Powerful Women" by the Women's Executive Network in 2008 and 2012.
Jacques Beyssade began his career in 1984 at Crédit Lyonnais as a financial analyst. He headed up the Champs Elysées Corporate Banking Branch (1994- 1997) before being appointed Country Manager of Korea (1997-2001). He later became Head of Debt Markets in New York (2001-2005). 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.
Mr. Johan Andersson was appointed as SEB's first Chief Risk Officer and a member of the management board in November 2010, having been Head of Group Credits and Group Risk Control at Sweden's Skandinaviska Enskilda Banken (SEB) since 2005. He joined SEB in 1980 and held various positions within the Merchant Banking division in Stockholm, New York and London. In 1995 Mr Andersson joined the Group Credits area and held senior posts in credit granting. Mr. Andersson holds a Bachelor of Science in Economics.
Kenji Fujii is in charge of enterprisewide risk management for the investment banking arm of Mizuho Financial Group. Prior to his current role, he was Senior Managing Executive Officer, Chief Market Risk Officer at Aozora Bank, General Manager, Basel 2 Implementation Office, Corporate Risk Management Division at Mitsubishi UFJ Financial Group, and General Manager, Risk Management Division at The UFJ Bank. Mr. Fujii has participated in numerous industry initiatives in risk management area, including those related to Basel regulatory reform. He now acts as member of Steering Committee of Regulatory Capital at the Institute of International Finance. He also acts as Principal of Tokyo Risk Managers Association (TRMA).
Eduardo is responsible for the development of the methods and models used to measure market and credit risks as well as for the independent review and validation of pricing and risk models used by the bank. Prior to his current position, Eduardo was with Lehman Brothers for three years as Managing Director and Global Head of Quantitative Risk Management. He was responsible for all quantitative risk functions in the Risk Management organization including market, credit and operational risk analytics, model validation, risk technology and regulatory interface related to the implementation of the quantitative frameworks. Eduardo has also worked for Goldman Sachs and Salomon Brothers in Quantitative Research, Modelling and Risk Management.
Evan Picoult is also 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, B-II.5, and Basel-III, 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 on risk topics at professional conferences, regulatory conferences and at universities and has published a number of articles on risk topics. He is on the Advisory Board of the IAFE (International Association of Financial Engineers) and is co-head of the IAFE Credit Risk Committee