Speakers List - Buy-Side Risk USA

Advisory Board

Andrew Y. Chin

Chief Risk Officer and Head of Quantitative Research


Andrew Y. Chin is the Chief Risk Officer and Head of Quantitative Research for AB. As the Chief Risk Officer, Chin oversees all aspects of risk management to ensure that the risks being taken are well understood and appropriately managed. In the Quantitative Research role, he is responsible for the firm's data science strategy and for optimizing the quantitative research infrastructure, tools and resources across the firm's investing platforms. He joined the firm in 1997 and held various quantitative research roles in New York and London.

In 2004, Chin became a senior portfolio manager for Style Blend Equities. In 2005, he was named director of Quantitative Research for Value Equities. Prior to joining the firm, Chin was a project manager and business analyst in Global Investment Management at Bankers Trust from 1994 to 1997. He earned a BA and an MBA from Cornell University. Location: New York

Chin teaches the Asset Management course in Cornell University's School of Operations Research and Information Engineering (Master of Financial Engineering Program). He also leads teams of students on capstone projects utilizing quantitative and data science skills to address investment issues.

Jay Leopold

Head of U.S. Investment Risk



•Oversees the development of a global approach to investment risk, as well as the measurement, monitoring and management of investment risk


•Served as managing director, investment risk at Legg Mason where he helped create a culture in which risk is placed on par with reward when making key decisions
•Chaired the Investment Risk Analysis Committee at Legg Mason Capital Management where he led efforts to embed risk analysis into the investment process
•Served as president and director of the Baltimore Security Analysts Society
•Has 30 years' experience as a risk officer, portfolio manager and securities analyst
•Holds the Chartered Financial Analyst® designation


•The Wharton School, University of Pennsylvania, B.S., cum laude, in Finance

Marcos Bueno

Chief Investment Officer


Mr. Bueno has been involved in macro and commodity markets for more than a decade managing discretionary and systematic multi-asset portfolios with a quantitative risk management overlay.

Before founding Argon, Mr. Bueno was a Partner and Senior Portfolio Manager at Graham Capital Management, where he managed its largest commodity macro portfolio with $900m in allocated capital. As one of the early members of Graham's London office, he participated in the recruitment of new PMs and in the development of Graham's institutional relationships with new counterparties.

Prior to Graham, Mr. Bueno was a Portfolio Manager at JPMorgan's internal commodity hedge fund, where he joined from the Fundamental Investment Group at UBS. Previously he worked at Goldman Sachs in the Multi-asset derivatives structuring and in the Power & Gas M&A teams. He began his career at Oliver Wyman as a strategy consultant.

Mr. Bueno obtained an MBA with Honors and Dean's List mentions from The Wharton School. He holds an MS in Economics and Applied Mathematics from Ecole Polytechnique (France) and he conducted research at MIT's Department of Mechanical Engineering. He also holds a BS and a MS in Industrial Engineering from UPM in Spain.


Peruvemba Satish

Senior Vice President, Portfolio Manager and Director of Global Analytics


Peruvemba Satish, PhD, CFA, is senior vice president, portfolio manager and director of global analytics for American Century Investments, a premier investment manager headquartered in Kansas City, Missouri. He is based in the company's New York office.

As director of Global Analytics, Satish works collaboratively with our investment teams to enhance risk management tools and systems. Additionally, he is a portfolio manager on the Multi-Asset Real Return strategy. Satish joined American Century Investments from Allstate Corporation, where he served as a senior managing director and portfolio manager for their performance-based strategies group.

Previously, he served as Allstate's chief risk officer. Prior to Allstate, Satish was chief risk officer for Jamison Capital Partners LP, New York. Earlier, he was the chief risk officer and a member of the investment committee at DKR Capital Partners LP, an asset management firm specializing in alternative investment strategies. He previously was director of risk management at Soros Fund Management LLC. Earlier in his career, Satish held quantitative research, risk management and investment management positions at State Street Bank and Trust, Barclays Capital and other firms.

Satish received bachelor's and master's degrees in mechanical engineering and economics from Birla Institute of Technology & Science in Pilani, India, as well as a PhD in finance from the University of Texas at Austin and a master's degree in economics from the State University of New York. He is a CFA® charterholder and member of the CFA Institute.



Alexander Crawford

Partner and Chief Risk Officer


Alec Crawford is responsible for identifying and managing risk in Lord Abbett's portfolios. In addition, he is a member of the Investment Leadership Team, as well as the Strategic Allocation and ESG committees.

Mr. Crawford joined Lord Abbett in 2012 and was named Partner in 2013. His previous experience includes serving as Managing Director and Global Head of Risk Management at Ziff Brothers Investments; Managing Director and Head of Agency MBS Strategy at RBS Greenwich Capital; Managing Director and Head of Mortgage and Cross-Rates Strategy at Deutsche Bank Securities; Vice President and Head of Mortgage Strategy at Morgan Stanley; Vice President, Research Liaison at Goldman Sachs; and Vice President, Research Liaison at CS First Boston. He has worked in the financial services industry since 1988.

Mr. Crawford has contributed to publications, including the Guide to Fixed Income Securities, Volume 7, by Frank Fabozzi. Mr. Crawford also has received awards from Institutional Investor for his research on mortgage-backed securities.

He earned an AB in computer science from Harvard College.

Mike Huff

Director, Portfolio Management and Asset Allocation


Mike is a Portfolio Manager on the team that manages the TIAA general account investment portfolio. His responsibilities include investment strategy, asset allocation, and portfolio hedging.

Before joining TIAA, Mike was a Director of Investment Risk Management at Genworth Financial where he was responsible for asset/liability management, derivatives risk oversight and counterparty credit risk. Previously at Genworth, he was a Senior Derivative Trader where he managed and traded the derivatives portfolio and developed hedging strategies. Prior to joining Genworth, Mike worked at Principal Financial Group where he managed a portfolio of structured products and derivatives.

Mike holds a bachelors in industrial engineering from University of Michigan and an MBA in finance from University of Illinois. He is also a CFA Charterholder and a Professional Risk Manager (PRM).

Mark Abbott

Managing Director, Head of Analytics and Reporting


Mark C. Abbott, PRM, FRM is Managing Director and Head of Analytics and Reporting for Guardian Life. He joined Guardian in 2001 and is responsible for capital market assumptions, analytics and reporting, quantitative risk management and its integration in enterprise risk management. He has over 30 years of experience at BlackRock, Barra, Global Advanced Technology, Drexel Burnham Lambert, Arbitrage Software, Wrightson Hedge Management and Merrill Lynch.

Mark was president of the Buy Side Risk Managers Forum and an executive committee board member of the Professional Risk Managers' International Association (PRMIA). Mark is on PRMIA's Blue Ribbon Advisory Panel, New York Steering Committee and also serves on several other academic and professional advisory boards.

Mark holds an M.A. in Mathematical Statistics from Columbia University, a B.A. from Columbia College, PRMIA's Professional Risk Manager (PRMīƒ¤) designation and GARP's Financial Risk Manager (FRM) designation. 


Leon Xin

Executive Director, Head of Risk and Portfolio Construction and Hedge Fund Strategy


Leon Xin is the Head of Risk and Portfolio Construction and Hedge Fund Strategist for the CIO team of the Endowments and Foundations Group at JP Morgan. Mr. Xin conducts risk analysis and quantitative research to construct portfolios and improve portfolio efficiency. He is also responsible for research and selection of hedge fund managers. Mr. Xin joined J.P. Morgan in 2016 and has 11 years of investment industry experience.

Prior to J.P. Morgan, Mr. Xin worked for over 10 years as the Head of Alternative Investment Risk team at UBS Asset Management, where he covered UBS O'Connor, an internal multi-strategy hedge fund. As the Head of Risk team, Mr. Xin was responsible for risk analysis and quantitative research on multi-strategy hedge fund investing in equity, credit, risk arb, convertible arb, macro and volatility strategies. Prior to UBS, Mr. Xin worked as an associate in Ping An Insurance of China for two years on strategic planning projects.

Mr. Xin receives a M.S. degree on Applied Math from the University of Illinois at Chicago and is a CFA charter holder.

Joanna Welsh

Chief Risk Officer


Joanna Welsh is Chief Risk Officer at Citadel. Joanna chairs Citadel's Portfolio Committee and advises in determining risk tolerance levels for the strategies, businesses, and the funds as a whole.

Prior to joining Citadel, Joanna was at Tudor Investment Corporation for 15 years, most recently serving as Chief Risk Officer. With more than 20 years of experience in financial services and risk management, she also held senior risk positions at Commerzbank and Nomura.

Joanna received a master's and bachelor's degree from Oxford University. 

Michelle Beck

EVP, Chief Risk Officer


Michelle McCarthy Beck is CRO for Nuveen, the asset management division of TIAA. She heads the team responsible for Investment Risk, Operational Risk, Valuations, and Business Continuity. Before joining Nuveen in 2010 she had prior roles including CRO at Russell Investments, and Chief Market and Operational Risk Officer at Washington Mutual Bank.

From 1986-2003 she worked at Bankers Trust and then Deutsche Bank in roles including derivatives portfolio manager, head of market risk management for Europe/Middle East/Africa in London, and head of risk management for the bank's asset management division.

Kenneth Winston

Senior Risk Officer


Dr. Kenneth Winston is Senior Risk Officer of Western Asset Management Company in Pasadena, CA. Western Asset manages $450 billion of fixed income assets globally, mainly for large institutions such as sovereign wealth funds, pension plans, and insurance companies. Western Asset's risk and quantitative analysis group develops models of securities and portfolios and works with portfolio managers and clients to determine and deliver appropriate risk/reward tradeoffs. Dr. Winston frequently speaks with boards of directors on investment and enterprise risk. He is also a Lecturer in Economics at the California Institute of Technology, where he teaches quantitative finance.

Prior to Western Asset, he was the Chief Risk Officer at Morgan Stanley Investment Management ("MSIM") in New York. He also worked in "sell side" risk management at Morgan Stanley. While at MSIM, Dr. Winston was also an Adjunct Professor of Mathematics at New York University. He began his career in finance as a quantitative equity portfolio manager, developing fully algorithmic investment strategies for institutional clients.

Dr. Winston got his PhD in pure mathematics from the Massachusetts Institute of Technology after a BS and MS in mathematics at the California Institute of Technology. He is the author of a number of journal articles in mathematics and finance, and is the co-editor (along with Bernd Scherer) of the Oxford Handbook of Quantitative Asset Management. He serves on the boards of directors of Interactive Brokers and the Institute for Quantitative Research in Finance. He is a member of the Chair's Council of the Humanities and Social Sciences Division at Caltech.


Pietro Toscano

Senior Risk Manager


Pietro Toscano, PhD, is a Senior Risk Manager of OppenheimerFunds' Risk Management Group. In this capacity, he leads the investment risk management and fiduciary risk oversight across the Multi-Asset and Alternatives business. Dr. Toscano is the Founder and Chairman of the OppenheimerFunds Investment and Risk Institute.

He previously worked at BlackRock (legacy BGI) in San Francisco, where he was a Director and Lead Risk Manager for the Americas Quantitative Fixed Income business (AUM ~ $37B, including the $7B flagship systematic global alpha hedge fund) as well as for the Americas Fixed Income ETF and Index Investments business (AUM ~$500B). At BlackRock, he also served as a member of the BlackRock Applied Research Award Committee (a selected group of 20 top quants across the firm) and as the Global Head of Talent Management for the Risk Beta team (15 risk professionals across San Francisco, London, and Hong Kong).

Dr. Toscano earned a BS in Electrical Engineering and a PhD in Information Engineering from University of Pisa, Italy, as well as a Master's in Financial Engineering from University of California, Berkeley. As part of his PhD, Dr. Toscano spent one year as a visiting researcher at Cornell University. Dr. Toscano owns a US/EU patent on a micro-mechanical device for DNA testing. He also published papers on portfolio construction, risk methodologies, and derivatives pricing techniques in various peer-reviewed financial journals. Dr. Toscano is a Financial Risk Manager, Certified by the Global Association of Risk Professionals.

Andrew D. Beer

Managing Partner and Co-Portfolio Manager, Dynamic Beta


Mr. Beer is the Founder and Managing Partner of Beachhead Capital Management, LLC where he serves as Co-Portfolio Manager of the firm's liquid, low cost Dynamic Beta investment strategies, including the sub-advisory relationship with SEI Investments.

Mr. Beer has been in the hedge fund business since 1994, when he joined the Baupost Group, Inc., one of the world's premier hedge fund firms. In 2003, Mr. Beer was a co-founder of and, through a family investment company, the lead initial investor in Pinnacle Asset Management and related entities, a leading commodity investment firm and recipient of numerous industry awards. Mr. Beer was also a founder of Apex Capital Management, one of the earliest hedge funds focused on the Greater China region that grew to approximately $1.5 billion in assets prior to the financial crisis.

Mr. Beer is a frequent speaker on hedge fund investment strategies and industry dynamics and is an active contributor to various industry publications. Additionally, he is the co-founder and lead trustee of the Pierrepont School, an innovative co-educational private school in Westport, Connecticut. Mr. Beer is a former member of the Board of Directors of the US Fund for UNICEF and is currently on sabbatical. He continues to serve on the USA UNICEF Bridge Fund and helps to develop programs that are attractive to social impact investors seeking to make a difference in the survival and development of children.

Mr. Beer received his M.B.A. as a Baker Scholar from Harvard Business School and his A.B., magna cum laude, from Harvard College.

Archan Basu

Senior Vice President, Head of Portfolio Construction Guidance


Archan Basu is senior vice president and head of the Portfolio Construction Guidance (PCG) team in the Fidelity Institutional Asset Management® (FIAM®) division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries.

In this role, Mr. Basu assists the nation's leading investment professionals to resolve their broadest portfolio concerns. As part of the PCG team, he partners with Fidelity's sales and relationship management teams to arm investment professionals with the tools, know-how, and confidence they need to build robust model portfolios and explain them to their clients. Additionally, the PCG team leverages and builds upon Fidelity's extensive experience in multi- asset, multi-manager, and multi-horizon portfolio construction. Since its inception in 2013, the PCG team has crafted over 5,000 portfolio reviews while also contributing to unique research and analytics around asset allocation, strategies, and risk.

Prior to joining Fidelity in 2013, Mr. Basu served as global head of Portfolio Construction at JP Morgan Private Bank. In this capacity, he oversaw the consistent application of strategic, tactical, and manager allocations across discretionary accounts for wealthy families and foundations. From 2004 to 2011, Mr. Basu was director of Strategic Asset Allocation for Alliance Bernstein, and concurrently served as director of Quantitative Research for Bernstein Global Wealth Management. From 2000 to 2004, he served as co-founder, chairman, and president of Life Harbor, Inc., a venture-backed firm that developed an early robo advisor and also built software for tax-sensitive portfolio construction, now known as Vest Mark. From 1993 to 1996, Mr. Basu was a quantitative researcher at Barra, Inc.

Mr. Basu earned his bachelor of arts degree in applied mathematics from Harvard University and his master of business administration degree from the Massachusetts Institute of Technology (MIT) Sloan School of Business. He is also a CFA charterholder since 1997 and holds the Financial Industry Regulatory Authority (FINRA) Series 7, 24,and 63 licenses. Additionally, Mr. Basu is a frequent speaker on investment topics at industry venues and serves as co-leader of Fidelity's popular Portfolio Construction Institute events. 

Nick Silitch

Chief Risk Officer


Nick Silitch is chief risk officer of Prudential Financial, Inc. In this role, Silitch oversees Prudential's risk management infrastructure, risk profile and appetite across all business lines and risk types. Under his direction, his team develops models, metrics, governance, and a distinctive Risk Appetite framework to manage risk, and works with internal corporate partners and business groups to identify, assess and prioritize risk across the company.

He is head of the International Affairs Committee for the North American CRO Council and is a member of the Advisory Council for the International Association of Credit Portfolio Managers. He also chairs Prudential's Enterprise Risk Committee and serves as Vice Chair of the North American CRO council.

Mustafa Chowdhury

Head of Rates


Mustafa Chowdhury is head of rates for Voya Investment Management, responsible for directing the investment strategy for the rates group, including global rates, sectors and currencies, and equity/convexity hedging. Mustafa brings 20 years of experience working in the fixed income industry, equally divided between the buy side and sell side, and a deep expertise in mortgage-backed securities and G7 interest rates.

Prior to joining the firm, Mustafa was a portfolio manager at AVM, where he served as a strategist working across fixed income assets, with a specialization in rates and mortgages. He began his investment career with Freddie Mac, where he was co-head of asset liability management and managed all hedging of the interest rate risk of the balance sheet. He also served as the head of the U.S. rates and agency MBS strategy at Deutsche Bank.Before Deutsche Bank, Mustafa worked for the Blue Crest hedge fund, focused on macro strategy, G3 rates and MBS.
Mustafa holds a PhD in economics from the University of California, San Diego.


Isaac Lieberman

Founder and Chief Executive Officer


Isaac Lieberman founded Aston Capital Management as a quantitative hedge fund in November 2013. As a veteran trader of proprietary quantitative strategies, Isaac has more than 20 years of experience trading in global FX and Fixed Income markets.

Prior to founding Aston Capital Management, Isaac was Managing Director at J.P. Morgan where he was the Head of Algorithmic Trading and the Head of Electronic FX Options Trading. Before joining J.P Morgan in 2008, Isaac was Head of the FX and Fixed Income division in the Principal Strategies Group at Bear Stearns where he worked from 1996


Ying Murdoch

Head of Investment Risk Analytics


Ying Murdoch is the Head of Investment Risk Analytics at Northern Trust Asset Management (NTAM). As a member of the leadership team, Ying provides leadership and subject matter expertise in risk management and quantitative research affecting over $1 Tn assets under management. She also provides quantitative support for the bank's Treasury investment portfolio from an integrated risk view in the balance sheet context.

Prior to her current role, Ying was responsible for quantitative modeling efforts across multiple business units for Credit Risk Management. She oversees the models for credit exposure and limit management for Securities Lending, Repo and Reverse Repo, Foreign Exchange (FX), Interest Rate Derivatives (IRD), and the Treasury investment portfolios.

Prior to joining Northern Trust, Ying worked as a front office quantitative analyst in AEGON Asset Management, with a focus on factor-based asset allocation and portfolio management for a wide spectrum of asset classes.

Ying received a PhD in Applied Economics, MA in Economics, as well as Master in Applied Statistics from The Ohio State University. She is a Chartered Financial Analyst, a member of CFA Institute, and a member of CFA Society of Chicago.

Boryana Racheva-Iotova

Senior Vice President, Director of Risk Research


Boryana Racheva-Iotova has over 15 years of experience in building risk management software solutions and translating the latest academic advancements in practical applications to meet the needs of the financial industry practitioners. She started her professional path in risk management with the Bulgarian Finance Minister and then led the implementation of a Monte-Carlo based VaR calculation and structured products valuation engine to meet the Basel II Requirements at SGZ Bank (at present DZ Bank, Germany). Shortly afterwards, she founded FinAnalytica and originated the Cognity award-winning Market Risk Solution.

In 2016, FinAnalytica merged with BISAM and the merged entity was later acquired by FactSet in March 2017. Boryana's numerous articles have been published by premier scientific journals. She holds M. Sc. in Probability and Statistics at the Faculty of Mathematics and Informatics, Sofia University, and Doctor of Science degree, magna cum laude from Ludwig Maximilian University of Munich.

Kristen Walters

Managing Director, Risk and Quantitative Analysis


Kristen has 25+ years of experience in risk management and analytics at large buy- and sell-side firms. She has been the Chief Operating Officer of BlackRock's Risk and Quantitative Analysis (RQA) Group since 2012. Kristen reports to the firm's Chief Risk Officer (CRO) and is a member of RQA's EXCO. Her current responsibilities include ensuring RQA effectively manages market, counterparty credit, liquidity and operational risk on behalf of BlackRock and fiduciary clients. She is also responsible for RQA's strategic technology, analytics and reporting initiatives partnering with BlackRock's financial modeling and application development teams.

Kristen has been a member of the Commodities Futures Trading Commission's (CFTC) Market Risk Advisory Committee since 2014 and works closely with BlackRock's Vice Chairman / Head of Government Relations on risk-related regulatory issues.

Kristen previously worked for BlackRock's CRO when he was co-heading BlackRock Solutions and focused on developing analytics for fixed income bonds and derivatives as well as portfolio risk analytics, such as VaR and stress testing. She also worked with BlackRock's Institutional Client Business and Sovereign Wealth clients on risk measurement for AUM managed by BlackRock.

Kristen has also held senior positions in risk management at Goldman Sachs, PIMCO and Barclays Capital. Many of her risk roles have also involved addressing regulatory issues pertaining to risk management, including managing the Federal Reserve's initial stress testing exercise for Goldman Sachs during 2009. She has also done significant work developing analytics for market, credit and liquidity risk across cash and derivatives markets.

Kristen started her career in Supervision and Regulation at the Federal Reserve Bank of Boston and holds a MBA from Babson College and an undergraduate degree in accounting from the University of Massachusetts at Amherst.


Alessio de Longis

Co-Head Multi-Asset Group Portfolio Manager


Alessio de Longis, CFA, is co-head and portfolio manager of the Multi-Asset Team at OppenheimerFunds. Mr. de Longis leads the group's macro strategy, focusing on business cycle dynamics, global macro regimes, and their impact on asset class risks and returns. Additionally, he manages active currency strategies in multi-asset portfolios. Prior to joining the multi-asset team, from 2004 to 2013 he was a member of the Global Debt Team at OppenheimerFunds, where he served as currency portfolio manager. He is a published author in the field of systematic currency investing using macro-based strategies.

Additionally, he published an Op-ed for the Wall Street Journal on the Italian and European debt crisis in 2011. He holds an MSc in Financial Economics and Econometrics from the University of Essex, UK and an MA in Economics from the University of Rome, Italy. He is a CFA charterholder.

Christian Kahl

Director of Quantitative Analytics


As a leader of FINCAD's quantitative development team, Christian is recognized for his in-depth knowledge of stochastic volatility modeling and high-performance computing. Christian has over 10 years of experience implementing models in cross asset front office pricing libraries for both sell-side and buy-side institutions. Before joining FINCAD, he was the deputy-head of Financial Engineering in the Equity Market and Commodity department of Commerzbank.

Carlo Acerbi

Managing Director, Risk Analytics


Carlo Acerbi currently heads the ‘risk and regulation' research team out of the MSCI Geneva office. His main areas of interest in finance are risk management, risk regulation and instrument pricing.

Dr Acerbi received a Ph.D. in Theoretical Physics from the International School for Advanced Studies (SISSA - ISAS), Trieste, IT. He started a career in quantitative finance in 1997, with a double track in the industry and the academia.

Prior to MSCI, Dr Acerbi worked as a Risk Manager for Banca Intesa (Milan, Italy) and as a Financial Engineer for Abaxbank, Credito Emiliano Group (Milan, Italy). He also worked as a senior expert in the risk practice of McKinsey & Co, also in Milan.

He is the author of several relevant papers in renowned international journals, focusing in particular on the theoretical foundations of financial risk and the extension of portfolio theory to illiquid markets. He is renowned for instance for the definition of Expected Shortfall (with D. Tasche, 2001), of Spectral Measures of Risk (2002) and of a coherent liquidity risk framework (with G. Scandolo, 2008).

He has taught "advanced derivatives" at Bocconi University, Milan. He is an Executive Fellow of the Essex Business School (UK) and honorary professor at Corvinus University of Budapest. He has been for years a member of the board of 'The Journal of Risk'. 

Jorge Mina

Managing Director, Head of Analytics


As Head of Analytics, Jorge Mina is responsible for MSCI's equity and multi-asset class risk and portfolio management products. He is a member of the firm's Executive Committee. Prior to his current role, he had served as Head of Analytics for the Americas since 2015. Jorge joined MSCI in 2010 following MSCI's acquisition of RiskMetrics and served as a managing director of Risk Management Analytics from 2010 to 2015.

Prior to joining MSCI, Jorge was a founding member at RiskMetrics Group where he served in a variety of roles, including co-head of the RiskMetrics Business and Head of Research.

Jorge holds a Bachelor of Arts degree in actuarial sciences from the Instituto Tecnológico Autónomo de México and a Master's in financial mathematics from the University of Chicago.

Stefano Pasquali

Managing Director, Head of Liquidity Research


Stefano Pasquali, Managing Director, is the Head of Liquidity Research Group at BlackRock Solutions. As Head of Liquidity Research, Mr. Pasquali is responsible for market liquidity modelling both at the security and portfolio level. His responsibilities include defining cross asset class models and developing innovative machine learning based approaches to better estimate market liquidity. Mr. Pasquali is developing as well methodologies to estimate funding liquidity and better Redemption at Risk.

Previous to Blackrock, Mr. Pasquali oversaw research and product development for Bloomberg's liquidity solution and before that he held senior positions at several European banks and asset management firms.

Mr.Pasquali was a researcher in Theoretical and Computational Physics and as a strong believer in academic contribution to the industry, he has engaged in various conversations and collaborations with universities from the US, UK, and Italy. He also participates as a supervisor in the Experiential Learning Program and Masters of Quantitative Finance Program based at Rutgers University, along with tutoring students in research activities.

Stefano Pasquali, Managing Director, is the Head of Liquidity Research Group at BlackRock Solutions. As Head of Liquidity Research, Mr. Pasquali is responsible for market liquidity modelling both at the security and portfolio level. His responsibilities include defining cross asset class models and developing innovative machine learning based approaches to better estimate market liquidity. Mr. Pasquali is developing as well methodologies to estimate funding liquidity and better Redemption at Risk.

Previous to Blackrock, Mr. Pasquali oversaw research and product development for Bloomberg's liquidity solution and before that he held senior positions at several European banks and asset management firms.

Mr.Pasquali was a researcher in Theoretical and Computational Physics and as a strong believer in academic contribution to the industry, he has engaged in various conversations and collaborations with universities from the US, UK, and Italy. He also participates as a supervisor in the Experiential Learning Program and Masters of Quantitative Finance Program based at Rutgers University, along with tutoring students in research activities.

Paul Diouri

Head of Risk, Americas


Head of Risk Management for the Americas at Schroders since March of 2016. Responsible for all aspects of risk management for Shroders' activities in the Americas ($100 billion in AUM); products include actively managed funds, ETFs and segregated mandates in fixed income, equities, multi-asset and alternatives (hedge funds; private equity; private debt).

JP Morgan Asset Management: 5 years as Head of Investment Risk Management for the Americas with responsibilities for public equities, fixed income and alternatives assets representing more than $1 trillion in AUM.

From 2007 to 2011, Chief Risk Officer and member of the Executive Committee at Primus, a $25+ billion NYSE-listed credit asset manager.

From 2005 to 2007, Managing Director and Head of Risk Management for private finance at TIAA-CREF.

Began career in finance in 1994 at Natixis Bank, a global banking institution headquartered in Paris; held several front office positions in leveraged finance, oil and gas lending, structured credit products origination and investing, and during his last five years with the institution, as head of the US Loan Portfolio Management Group.

BS in Applied Mathematics and MBA in Finance from the University of Houston.