Tutor Biographies

LONDON

Benedict Boelen

Benedict Boelen is an Econometrician and graduated from the Vrije Universiteit Amsterdam in 1996. After university he worked as a Developer of real estate valuation models. He worked for Achmea Global Investors as a Risk Analyst and after that worked for Faxtor Securities as a Quantitative Analyst on the structured finance desk. Since 2005 he has worked for BNG Capital Management as a Quantitative Analyst on fixed income and capital guaranteed structures.

Paolo Capelli

Paolo Capelli is Head of Risk Management at Akros Alternative Investments SGR. He graduated in Physics (4 years) in 1998 from the University of Milan. From April 1999 to January 2001 he worked as a senior business consultant at Atos Origin, Capital Markets Department and was responsible for risk management products distributed in Italy. In 2001 he worked as a quantitative analyst at BNL Gestioni SGR.

Umberto Cherubini

Umberto Cherubini is Associate Professor of financial mathematics at the University of Bologna. He is a fellow of Ente Einaudi-Bank of Italy and the Financial Econometrics Research Center in Warwick. He is in charge of the market risk education programs in the Scientific Committee of AbiFormazione, the professional education branch of the Italian Banking Association. He is also a member of the “Independent Supervision Committee” of the Tlx market, the Italian organised market of bond and structured products. He collaborates with Prometeia, an Italian firm specialized in consulting and research in economics and finance. Before joining the academia, he worked at the Economic Research Dept. of Banca Commerciale Italiana, where he was head of the “Risk Management Unit”. He is author of many publications in economics and finance, and two books: Copula Methods in Finance, 2004, and Structured Finance: The Object Oriented Approach, 2007, both for the Wiley finance series.

Klaus Duellmann

Klaus Duellmann is Deputy Head of Banking Supervision Research in the central office of the Deutsche Bundesbank in Frankfurt. There, he performs research in economic capital models, in particular for credit risk, market risk and the interaction of risks. He has been a member of various working groups of the Basel Committee on Banking Supervision. He is Associate Editor of the Journal of Risk Model Validation. He holds a PhD from the faculty of business administration at the University of Mannheim, graduated in Mathematics from the Technical University of Darmstadt and in Business Administration from the University in Hagen.

Andy Shaw

Andy Shaw runs Counterparty Credit Trading for Fixed Income at Merrill Lynch. He has been trading counterparty credit risk for over 12 years in the City of London and has traded over a ¼ of a billion of risk during his career which includes time at JP Morgan, Morgan Stanley and the London Clearing House.

Stefan Weichert

After earning a business diploma degree at Ludwig-Maximilians-Universität in Munich, Stefan Weichert worked shortly with Allianz before joining Hypovereinsbank in 2000 as a Market Risk Analyst with regards to Structured Products. Now he is heading the Market Risk department at Hypovereinsbank, caring for risk and P/L analysis, backtesting, stress testing, IPV processes and market conformity checks.

Anders Wulff-Andersen

Anders manages a team of 12 quantitative risk professionals. The team’s primary responsibility is the measuring of counterparty credit risk, in particular credit exposure across all products.

NEW YORK

Ian Baker

Ian Baker is Vice President and Head of Risk Management and Derivatives at Pyramis Global Advisors, a unit of Fidelity Investments. He has more than 20 years experience in the investment industry including tenures at Wellington Management Company, Schooner Asset Management, Scudder Kemper Investments and The Boston Company. Ian earned a Bachelor of Arts degree in Finance from the University of Wisconsin-Madison in 1987 and a Master of Science in Finance degree from Boston College in 1992. He is a Chartered Financial Analyst

Ruben Costa-Santos

Ruben Costa-Santos is the Deputy Head of Exposure Management for Hedge Funds and Financial Institutions at Deutsche Bank. Having been with DB since 2004, he is responsible for quantitative counterparty risk management in the areas of Prime Brokerage and derivates trading.

Joseph Dziwura

Joseph Dziwura is currently Senior Managing Director at TIAA-CREF with responsibilities for market risk.He worked at the Federal Reserve Bank of New York for eight years in the International Capital Markets, Research and Market Analysis Group, Discount Window and Domestic Reserve Management. His work and research included areas in domestic and international capital markets, links between financial markets and economic fundamentals, the performance and vulnera bilities of financial markets and institutions, and technical aspects of pricing and trading securities and derivatives. He was Adjunct Assistant Professor in the Graduate School of Business at New York University Stern School of Business from 1995 through to 2001. He also has previous experience at Sakura Financial Group in the Foreign Exchange and International Treasury Division, at Deutsche Bank in Fixed Income Research and at AT&T in the Treasury Department. Mr. Dziwura has a Ph.D. in Economics and has done post graduate work at the Graduate School of Business at Stanford University.

Lori M. Evangel

Lori is the Credit Risk Officer of MetLife Inc.and is responsible for enterprise-wide credit risk identification, quantification, assessment and management including economic capital models and exposure limits, credit risk analysis and governance/policies. She reports to the Chief Risk Officer and external constituencies on the institution's credit risk profile, exposures and economic capital position.

Perry Mehta

Perry Mehta is a Director with Consulting Services at Moody’s Analytics, where he designs and leads projects to enhance the effectiveness of clients’ credit risk management. Perry has over ten years of experience in risk management as a consultant and as a bank regulator, including risk rating and economic capital methodologies and Basel II compliance. Perry has a Bachelor’s in Electrical Engineering from the Indian Institute of Technology, Mumbai, and an MBA and PhD in Finance from Temple University, Philadelphia.

Dan Rosen

Dr. Dan Rosen is the President of R2 Financial Technologies, a research fellow at the Fields Institute and an adjunct professor at the University of Toronto‘s Masters program in Mathematical Finance. He acts as an advisor to institutions around the world, has authored numerous articles and lectures extensively on risk management, economic and regulatory capital, derivatives valuation and structured credit. Up to July 2005, Dr. Rosen had a successful ten-year career at Algorithmics Inc., where he was responsible for research and financial engineering, strategy and business development and product marketing. He holds an M.A.Sc. and Ph.D. in from the University of Toronto.

David Saunders

David Saunders is an Assistant Professor in the Department of Statistics and Actuarial Science at the University of Waterloo. He is the author of many articles on the subjects of risk management, portfolio optimization and derivatives pricing and regularly serves as a consultant for financial institutions and software companies. Dr. Saunders holds a Ph.D. in Mathematics from the University of Toronto and is a Research Fellow of the HERMES European Center of Excellence on Computational Finance and Economics at the University of Cyprus and the Waterloo Institute for Quantitative Finance and Insurance at the University of Waterloo.

Stefan Weichert

Andrew Kaplin

Andrew works in the Credit Risk Modeling group of Moody's Analytics and is the Model Manager for Portfolio Products. His main responsibilities include research, model development, and client support. He holds an MS in Applied Mathematics from the St. Petersburg State University and a Ph.D. in Finance from the Kellogg School of Management, Northwestern University. Prior to joining Moody's Analytics, Andrew taught Finance courses at the Kellogg School of Management. His work has been published in the Journal of Econometrics. Andrew's research interests include credit risk and interest rate risk models, modeling of structured instruments in credit portfolio framework, market microstructure effects around corporate events, and capital structure choices as it relates to macroeconomic conditions