About / Governing Boards / Board of Directors Tanya Styblo Beder, Director Emeritus Tanya Beder is currently Chairman of SBCC in New York and SBCC Group in California. SBCC, founded in 1987, has a broad base of fintech, bank, broker-dealer, asset management, family office, financial services, corporate and other clients. SBCC for over 30 years has played a central role in the implementation of trading strategies, risk management, governance, derivatives, and structured securities to seize the opportunity and to address problems, including via forensic analysis and litigation support. Since 2010 the firm also has focused on the adoption of artificial intelligence, machine learning, algorithmic trading and blockchain and the integration of fintech into traditional finance. In academia, she holds the appointment Lecturer at Public Policy at Stanford University (previously Lecturer at Law) where she teaches a graduate course, “The Future of Finance” that discusses the integration of fintech into traditional finance and includes the study of ETFs, cryptocurrencies and financial warfare. SBCC Giovanni Beliossi Giovanni is Senior Advisor with Astarte Capital Partners, a specialist co-investment platform with a focus on the real assets space. Previously he was a Director and Senior Strategy Advisor to Auriel Capital, an ESG-focused investment boutique. Giovanni was the Founder and Chief Executive Officer of FGS Capital, a quantitative alternative asset management boutique managing systematic, non-directional long/short portfolios. Previously, he was an Associate Director of Hedge Funds at First Quadrant, where he was responsible for covering developed European equity markets and non-US multi-asset portfolios. He was an Associate Director of Real Options Group, Consultant at BARRA International and a research fellow at the University of Bologna in Italy. Giovanni is a CFA Charter Holder and was educated at Bologna University, University of Essex, and London Business School. Astarte Capital Partners. Stephen Figlewski, Director Emeritus Stephen Figlewski is a Professor of Finance at the New York University Leonard N. Stern School of Business, where he has been since 1976. He holds a B.A. in Economics from Princeton University and a Ph.D in Economics from the Massachusetts Institute of Technology. He has published extensively in academic journals, especially in the area of financial futures and options. He is the founding Editor of The Journal of Derivatives and he also edits the Financial Economics Network's two "Derivatives" series published over the Internet. He is the director of the NASDAQ OMX Derivatives Research Project, which is a research initiative at the Stern School to support applied and theoretical research on derivatives and to promote intellectual interchange between academics and practitioners in derivatives, risk management, and financial engineering. Professor Figlewski has also worked on Wall Street, most recently at Citigroup, where he worked on margin setting for credit-sensitive securities. Previously, he spent a year at the First Boston Corporation, in charge of research on equity derivative products, and was at one time a member of the New York Futures Exchange and a Competitive Options Trader at the New York Stock Exchange. New York University, Stern School of Business Mack Gill Mack is chief executive officer of MillenniumIT, a leading innovative capital markets software business. MillenniumIT’s trading and clearing technology powers over 40 exchanges around the world including the London Stock Exchange, and a range of other trading venues. Mack has been in the financial technology industry since 1994, first working for one of the largest global vendors of financial markets software, SunGard. He started in the derivatives trading software business and later became President of SunGard Technology Services, where he launched and developed SunGard’s software development and client services operations in Asia, scaling the business to 3,000 employees. Later, he headed the company’s global consulting business, managing over 1,000 consultants worldwide, before being selected to manage SunGard’s overall technology strategy. In 2014, 2015, and 2016, Mack was identified as one of the top trading technology leaders in the financial services industry by Institutional Investor magazine in their “Trading Technology 40″ feature. Mack was chosen as a member of the Young Global Leaders, an affiliate of the World Economic Forum. He holds a B.A. from the University of British Columbia and a Master’s from Yale University. CEO, MillenniumIT
Justin Keane Justin is a Principal with PwC in the Consulting Solutions practice. He primarily serves our Financial Services clients, especially in the Banking & Capital Markets sector, helping firms address strategic and operational challenges related to risk management of financial instruments in an ever changing business, financial and regulatory landscape. Justin’s areas of focus include model risk management, market risk management, derivative valuation and portfolio valuation adjustments (XVAs), and the LIBOR transition. Justin is based in New York, and has over 20 years experience serving clients in the US, UK and around the world. He holds a Masters degree in Chemistry from Oxford University and is a Fellow of the Institute of Chartered Accountants in England and Wales PwC Petter Kolm Petter Kolm is the Director of the Mathematics in Finance Masters Program and Clinical Associate Professor at the Courant Institute of Mathematical Sciences, New York University. Previously, Petter worked in the Quantitative Strategies Group at Goldman Sachs Asset Management where his responsibilities included researching and developing new quantitative investment strategies for the group's hedge fund. Petter coauthored the books Financial Modeling of the Equity Market: From CAPM to Cointegration (Wiley, 2006), Trends in Quantitative Finance (CFA Research Institute, 2006), Robust Portfolio Management and Optimization (Wiley, 2007), and Quantitative Equity Investing: Techniques and Strategies (Wiley, 2010). He holds a Ph.D. in mathematics from Yale, an M.Phil. in applied mathematics from Royal Institute of Technology, and an M.S. in mathematics from ETH Zurich. Petter is a member of the editorial board of the Journal of Portfolio Management. As a consultant and expert witness, he has provided his services in areas such as algorithmic and quantitative trading strategies, econometrics, forecasting models, portfolio construction methodologies incorporating transaction costs, and risk management procedures. Courant Institute of Mathematical Sciences, NYU Richard Lindsey Richard Lindsey, PhD is a Managing Partner of Windham Capital Management and Chief Investment Officer for Windham Liquid Alternatives. Previously, he served as the Chief Investment Strategist, Liquid Alternatives for Janus Capital. In this role he developed and co-managed the liquid alternative strategies and was also a member of the Janus Capital Group Global Allocation Committee. Prior to joining Janus in August 2012, Dr. Lindsey was a principal of the Callcott Group, LLC, a quantitative consulting group, where he was responsible for directing research activities and advisory services. For eight years Dr. Lindsey was president of Bear, Stearns Securities Corporation and a member of the Management Committee of The Bear Stearns Companies, Inc. Before joining Bear Stearns, Dr. Lindsey served as the Director of Market Regulation for the U.S. Securities and Exchange Commission and as the Chief Economist of the SEC. He was a finance professor at the Yale School of Management before joining the SEC. Dr. Lindsey has served on several corporate boards including, The Investment Fund for Foundations (TIFF), the Options Clearing Corporation, the International Securities Exchange, and Strike Technologies. Dr. Lindsey has done extensive work in the areas of portfolio construction, risk management, and the trading of securities. He has held the positions of Visiting Academic at the Nikko Research Institute in Tokyo, Japan, and Visiting Economist at the New York Stock Exchange. He holds a Bachelor of Science degree in chemical engineering from Illinois Institute of Technology, an MS in chemical engineering from Berkeley, an MBA from the University of Dallas, and a Ph.D. in finance from the University of California, Berkeley. He is a Fellow of the Courant Institute, the Chairman of the International Association for Quantitative Finance as well as an Executive Vice President of the Quantitative Group for Finance. Windham Capital Management/Windham Liquid Alternatives
Monique Miller Monique Miller is a Senior Vice President responsible for investment strategy and investment process at Euclidean Capital, a New York-based family office that is associated with a large scientific foundation. Prior to joining Euclidean, Ms. Miller was Managing Director and Head of Alternatives Strategy at Wilshire Associates. In this role, Ms. Miller was responsible for the strategic development of the firm’s alternative investment business. Prior to Wilshire, Ms. Miller held several senior positions in the hedge fund industry. She was the Chief Operating Officer at WR Platform Advisors, an investment platform and risk analytics provider for institutional investors. Previously, she was at Caxton Associates, where she held a number of positions in risk management and portfolio management, including launching and overseeing an investment division focused on seeding early-stage hedge fund managers. Ms. Miller published several articles and white papers on financial topics. She has over 25 years of financial industry experience and holds an MBA from New York University in Finance and Economics and a BS in Finance from Syracuse University. She is a member of the Board of Directors of the International Association of Quantitative Finance, a member of the Board of Trustees at the Institute for Pure & Applied Mathematics, an NSF Math Institute at UCLA, and an Advisory Board member at Mobile Asset Holdings Pty Ltd. Senior Vice President - Head of Investment Strategy, Euclidean Capital
Leslie Rahl, Director Emeritus Leslie Rahl is the Founder and Managing Partner of Capital Market Risk Advisors (CMRA), the pre-eminent risk management firm providing consulting and litigation support services to major US and international financial services companies and institutional investors. She has advised numerous hedge funds, funds of funds, asset management companies, derivatives companies, investment and commercial banks, insurance companies, public pension funds, and other market participants on a wide variety of risk management, governance and compliance-related issues, including developing and implementing risk management, hedging, valuation and compliance policies and procedures, reviewing and advising on appropriate risk governance, benchmarking existing programs against industry best practices, advising clients in complex trading strategies, including options and other derivatives. She has also provided expert services in connection with a number of investigations and litigations involving various securities, commodities and derivatives-related matters. Prior to founding CMRA, Ms. Rahl spent 19 years at Citibank, including nine years as co-head of Citibank’s Derivatives Group in North America. She launched its caps and collars business in 1983 as an extension of the proprietary options arbitrage portfolio she ran and was a pioneer in the development of the swaps and derivatives business. Capital Market Risk Advisors Steven Silberstein Mr. Silberstein is the President and CEO of The Financial Services Information Sharing and Analysis Center (FS-ISAC). Silberstein was formerly the CEO at Sheltered Harbor LLC, which was formed by the financial institutions to advance the cyber security resiliency of the industry. Previously, he was Chief Technology Officer of SunGard Data Systems, a diversified global supplier of financial technology solutions to the industry. Before SunGard, he was Chief Information Officer and head of operations for Chi-X Global, an operator of stock exchanges in Asia and North America. Previously, he was a managing director at Lehman Brothers, where he served as the global head of prime brokerage, and as chief information officer of the firm’s global equities division. Mr. Silberstein is an adjunct professor at Fordham University’s Gabelli School of Business and a member of the Leadership Council of Rensselaer Lally School of Management. He serves on the Board of Directors of the International Association for Quantitative Finance (IAQF). In addition, he is a Development Partner of Acumen, the social impact fund. He holds a B.S. in mathematics from Rensselaer Polytechnic Institute. FS-ISAC Harvey Stein Dr. Stein is on the board of directors of the IAQF, a board member of the Rutgers University Mathematical Finance program, an adjunct professor at Columbia University, and organizer of the IAQF/Thalesians financial seminar series. He's also worked as a quant researcher on the Bloomberg for President campaign. Dr. Stein holds a Ph.D. in Mathematics from the University of California, Berkeley (1991) and a B.S. in Mathematics from Worcester Polytechnic Institute (1982). Douglas Summa Douglas Summa is a retired Partner from PricewaterhouseCoopers' Financial Services Practice in New York. Throughout his 35+ year tenure with PwC, he held various roles working in the capital markets across cash and derivative products, including fixed income, foreign exchange, equity, credit, and commodities. During this time, he provided perspectives on leading practices while working with a broad range of clients, including global banks, large mutual and hedge funds, and insurance companies. Mr. Summa has worked on a broad range of measurement and management issues related to market, credit, liquidity, and capital, including implementing industry best practices and developing techniques for valuation, risk measurement, limit setting, capital attribution, and performance evaluation; designing frameworks and implementing tools, models, and processes to allow management to assess risks related to financial instruments; creating and implementing models and processes to measure and report economic and regulatory capital; and developing and implementing valuation models, processes and controls to identify and manage valuation risk. Mr. Summa has an M.B.A. in Finance and Accounting from Columbia Business School and a B.A. in Political Science from Columbia College.
Hilary Till Hilary Till is a principal of Chicago-based Premia Capital Management, LLC and a consultant with Premia Research LLC. She provides advice to large institutions on risk management, portfolio analysis, quantitative modeling, and derivatives strategies. For example, she (a) advised Nuveen Investments on hedging strategies for the firm’s $50-billion municipal bond fund complex; (b) served as an advisory board member for a natural resources fund-of-hedge-funds; (c) provided lectures to staff from the Chinese financial industry for DePaul University; (d) served as a senior data science consultant at a nationwide Consumer Packaged Goods company; (e) wrote white papers for the CME Group; (f) co-created the Premia Bancor Index, which is calculated and distributed by S&P Dow Jones Indices; (g) served as the longstanding editor of an academic journal for the J.P. Morgan Center for Commodities in Denver; (h) has consulted for the World Bank; (i) is the co-editor of the bestselling Risk Book, Intelligent Commodity Investing; and (j) is the managing co-editor of the academic publication, the Commodity Insights Digest. Her previous professional roles have included serving as the Head of Portfolio Analysis at BNY Mellon Wealth Management | Risk and also as the Chief of Derivatives Strategies at Putnam Investments where she oversaw the execution of about $90 billion annually in derivatives. While at Putnam, she also co-managed a commodities fund whose clients included the Government of Singapore Investment Corporation, a 401K plan, and a union pension plan. Prior to Putnam, Till was a quantitative analyst at Harvard Management Company, specializing in hedge fund strategies and co-managing its first commodity fund. She also held systems and trading positions at two banks, both of which are now part of Bank of America. Till began her professional career in the Artificial Intelligence Group of what is now Accenture. She has a B.A. with General Honors in Statistics with Concentrations in Computer Science and Economics from the University of Chicago. In addition, she has an M.Sc. in Statistics from London School of Economics and Political Science where she studied under a private fellowship administered by the Fulbright Commission. Premia Research LLC, Chicago
Andrew B. Weisman Andrew Weisman is Chief Investment Officer, Liquid Alternatives. In this role, Mr. Weisman serves as the firm’s subject-matter expert and thought leader on multi-asset strategies. Mr. Weisman also co-manages Janus’ liquid alternative strategies and is a member of the Janus Capital Group Global Allocation Committee. Mr. Weisman uses proprietary, allocation methodologies to assist clients in combining traditional and non-traditional asset risk premia. Prior to joining the firm in 2012, Mr. Weisman was CEO of WR Platform Advisors, Inc., a technology platform and service provider of managed accounts, risk analytics, and investor reporting for hedge funds. Before that, he was Managing Director and Chief Portfolio Manager for Merrill Lynch's Hedge Fund Development and Management Group. Prior to that he was Chief Investment Officer and Member of the Board of Directors for Nikko International. Mr. Weisman has published an extensive collection of articles on asset allocation and risk issues related to hedged portfolios. His research awards include the Bernstein Fabozzi/Jacobs Levy Award for Outstanding Article published in The Journal of Portfolio Management in 2002 and the 2003 GAIM Research Paper of the Year. He has a bachelor's degree from Columbia College, a master's in international affairs from Columbia and was awarded a doctoral fellowship to Columbia University's Graduate School of Business, where he completed all coursework and comprehensive exams toward a Ph.D. He has over 26 years of experience in portfolio construction and risk management, particularly in alternative asset strategies. He serves on the board of the International Association for Quantitative Finance, the Editorial Advisory Board of the Journal of Portfolio Management, and as Treasurer of the Society of Columbia Graduates. Windham Liquid Alternatives |