Phone: +1-212-949-1180

Address: 60 East 42nd Street, Suite 2816 New York, NY 10165 USA

Emall: main@rutterassociates.com

Affiliates' bios

Steve Allen is an Affiliate of Rutter Associates.  As a risk management consultant, Mr. Allen specializes in risk measurement and valuation with a particular emphasis on illiquid and hard-to-value assets. He previously was Clinical Associate Professor of Mathematics and Deputy Director of the Mathematics in Finance Masters Program at New York University’s Courant Institute of Mathematical Sciences, where he continues to teach. Mr. Allen joined the NYU faculty full-time in 2004, after a 35-year career in the finance industry, most recently as managing director of JPMorgan Chase, in charge of risk methodology, including responsibility for capital methodology for both market and credit risk, development of risk models, and model review.  Mr. Allen is the author of Financial Risk Management: A Practitioner’s Guide to Managing Market and Credit Risk (2nd edition, 2013) and is co-author of Valuing Fixed Income Investments and Derivative Securities. 

Joseph Bauman is an Affiliate of Rutter Associates. He has over 40 years’ experience in finance and over 30 years in the global derivatives markets.   For the last nine years Mr. Bauman has been the Chief Administrative Officer of Athilon Structured Investment Advisors LLC, a New York based investment and risk management firm that focused on the derivative markets.  Before joining Athilon, Mr. Bauman was a co-founder of Primus Guaranty Ltd., the first credit derivatives product company, and was its Chief Financial Officer from 2000 through 2003. He served on the boards of both Athilon and Primus during their formative years. Prior to Primus, Mr. Bauman was Managing Director and headed Bank of America’s Derivatives Sales and Structuring team for North America, and its International Financial Management team. He has also held business management positions with Citibank’s Global Derivatives Group and various positions at Chemical Bank including head of its Global Swaps Group and Asia Regional Treasurer.

 

Mr. Bauman is a former Chairman of the International Swaps and Derivatives Association (ISDA) (1993-1994), and member of ISDA’s Board of Directors (1989-1999). He was also a Founding Director of the International Association of Financial Engineers.  Mr. Bauman has been an active representative for the derivatives industry, speaking and providing testimony in numerous forums including U.S. Congressional committees, the Financial Accounting Standards Board, and international regulatory bodies.  He received his B.A. from Rutgers University and his Master of Public Administration from the Wharton School at the University of Pennsylvania.

Joseph Benning joined Rutter Associates as an Affiliate in 2014.  Dr. Benning has extensive experience in the capital markets.   His experience includes serving as sales manager, a proprietary trader and market maker in US Government bonds both in New York and London, working as a senior economist at the Chicago Board of Trade, and as Chief Risk Officer of New York Portfolio Clearing.  Dr. Benning is the inventor of the Dow Jones CBOT Treasury Index, which is published daily in the Wall Street Journal. The author of “Trading Strategies for Capital Markets,” Dr. Benning has also taught courses in finance and management as an adjunct professor at New York University and at New School University. He holds a Ph.D. from New York University where he studied public economics and policy.

Gordon M. Bodnar is the Morris W. Offit Professor of International Finance at the Paul H. Nitze School of Advanced International Studies of the Johns Hopkins University. In addition to prior faculty positions at the Wharton School and the University of Rochester, Dr. Bodnar is a research fellow of the National Bureau of Economic Research and has been a visiting scholar at the International Monetary Fund. His research and consulting interests are in the areas of financial risk management and international valuation. He received his Ph.D. from Princeton University.

Gene D. Guill held positions in economic research and consulting at Stanford Research Institute, Wharton EFA, and DRI/McGraw-Hill before joining Bankers Trust and eventually Deutsche Bank where he pioneered the use of risk-adjusted analysis, credit portfolio models, and the active management of credit risk using credit default swaps and asset securitizations.  He served as chairman of the International Association of Credit Portfolio Managers and president of the New York Chapter of the Risk Management Association.  He was a member of the editorial advisory board of the RMA Journal and a practitioner associate editor of the Journal of Applied Finance.  He is currently the co-director of the RMA/Wharton Executive Risk Management Program.  Mr. Guill received his Ph.D. in economics from Duke University.

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 and a Founding Partner of the Heimdall Group, LLC. Previously, Dr. Kolm 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. Dr. Kolm co-authored 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. Dr. Kolm is a member of the editorial board of the Journal of Portfolio Management, and the board of directors of the International Association of Financial Engineers (IAFE). 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.

Kokichi Komagata joined Bank of Tokyo (currently Bank of Tokyo-Mitsubishi UFJ) in 1975. He started his career in the foreign-exchange business. Mr. Komagata launched the first currency option product in Japan in 1984. Since then, he has continued to develop financial engineering products including derivatives such as swaps and options, and structured securitization products.

 
After serving as Chief Executive Officer of Tokyo-Mitsubishi International in London, Mr. Komagata became Executive Officer of Bank of Tokyo-Mitsubishi. In 2004 he took on the role of Senior Executive Officer at Mitsubishi Securities (currently Mitsubishi UFJ Morgan Stanley Securities). In Mitsubishi Securities he served as Director and Senior Executive Officer in various business units including the primary market business, the global secondary markets and the retail business.

 
In 2009, Mr. Komagata joined Kokusai Asset Management (currently Mitsubishi UFJ Kokusai Asset Management) where he was President and Chief Executive Officer from 2010 and then Chairman from 2012 to 2014.

 
Mr. Komagata’s career spans nearly 40 years. He actively contributed to the financial markets in Japan by taking various committee member posts, such as the Board of the Investment Trusts Association, the management committee of Association for Real Estate Securitization, the editing committee of Securities Analysts Journal and ISDA Tokyo committees.

 
Mr. Komagata graduated from the University of Tokyo with a degree in mechanical engineering.

Shyan-Yuan Lee joined Rutter Associates as an Affiliate in 2014. He is a Professor in the Department of Finance at National Taiwan University. Dr. Lee was a commissioner of the Financial Supervisory Commission in Taiwan from July 2004 to 2008, and he is an Advisor for the Securities Investment Trust and Consulting Association and the Public Service Pension Fund in Taiwan. He also serves as an Independent Director of TransAsia Airways Corporation and First Financial Holding Company. Dr. Lee teaches classes on Fixed Income Securities and Derivatives, Structured Finance and Credit Derivatives, Interest Rate Derivatives, Financial Innovation, and Continuous-time Finance at National Taiwan University. His research fields include structured bond portfolios, pricing and hedging of fixed income derivatives and financial innovation. Dr. Lee received his Ph.D. in Finance from Columbia University, School of Business.

 

David Maloy is a consultant in the area of OTC derivatives market operations and clearing with an emphasis on business processes and technologies for managing the credit support of trading counterparties through the use of collateral.

Prior to starting his consulting practice Mr. Maloy was COO and Director of NetOTC, Ltd. London, a first of its kind risk management system for OTC Derivatives.  Prior to NetOTC, Mr. Maloy worked at Credit-Suisse Investment Bank, where he held the position of Global Head of Collateral Management. Prior to joining Credit-Suisse Mr. Maloy held a similar position with UBS.  In addition to Collateral Management [at UBS?] he was responsible for External Commercial Services Management, Global Control, Global Listed Derivative Operations as well as participating in the management of counterparty Credit Risk and Operations Management.  Prior to UBS, Mr. Maloy was the first CEO of Delta Government Options, a SEC Registered 17a Clearing Agency which provided central clearance of options on US Treasury Debt.

Mr. Maloy was one of the founders of the ISDA Collateral Committee, which he co-chaired in New York between 1995 and 2004.  He remains actively involved with the International Swaps and Derivatives Association (ISDA) and has been a principal contributor to many ISDA publications in the field of collateral management, including the implementation and serial issuance of the ISDA Guidelines for Collateral Practitioners.

Mr. Maloy holds a BA degree from Boston College.

Eduardo Meouchi has spent 17 years engaged in financial transactions and risk management activities. In addition to collaborating with Rutter Associates, Mr. Meouchi is currently involved in consulting practices in the areas of corporate financing and strategic planning. Mr. Meouchi worked in FEMSA, where he was Managing Director of Finance and International Operations. Prior to assuming his position at FEMSA, he held several positions in CEMEX, where his responsibilities included the development of practices in risk management procedures and control, corporate governance, cash and liquidity management, counterparty assessment and working capital management, as well as investor relations. Prior to CEMEX, Mr. Meouchi was an officer of Banamex where his activities included the development of innovative financial products, the management of FX forwards, credit workouts and the development of a tool for the analysis of client credit. Mr. Meouchi received an M.Sc. in Industrial Administration from Carnegie Mellon University and a B.S. in Mechanical and Industrial Engineering from Instituto Tecnologico y de Estudios Superiores de Monterrey.

Christian Mundigo joined Rutter Associates as an Affiliate in 2015.  Mr. Mundigo retired from BNP Paribas in 2014 as Co-Head of Fixed Income for the Americas.  He previously served as Global Head of Rates Trading and Global Co-Head of Credit Trading for the bank.  At BNP Paribas, Mr. Mundigo’s other previous responsibilities included Head of Interest Rate and FX Trading for the Americas, Head of Long-term Rates for Europe, Japan and Asia (based in London) and head of Interest Rate Derivatives Trading in Tokyo.   He has also served on the Advisory Board for Banco BNPP do Brasil and Markit.  Mr. Mundigo received his B.A. from Cornell University.

Neil D. Pearson joined Rutter Associates as an Affiliate in 2006.  Dr. Pearson is the Harry A. Brandt Distinguished Professor of Finance at the University of Illinois at Urbana-Champaign.  In the past he has been on the faculty of the University of Rochester, served as Visiting Academic Fellow at the U.S. Securities and Exchange Commission, and been a Visiting Professor at MIT and Tsinghua University.  He teaches courses about the valuation of derivative financial instruments and the measurement of financial risks and conducts research on various issues in financial markets, including the valuation of derivative financial instruments. In addition to publishing papers in a number of academic journals, Dr. Pearson is the author of Risk Budgeting: Portfolio Problem Solving Using Value at Risk (Wiley).  He is an Associate Editor of the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Risk, and Economics Bulletin.  Dr. Pearson has extensive consulting experience on the measurement and management of market and credit risk and on the valuation of derivative financial instruments.  He received his A.B. from Princeton University and his Ph.D. from the Massachusetts Institute of Technology.

Robert G. Pickel joined Rutter Associates as an affiliate in 2015. He stepped down as the Chief Executive Officer of the International Swaps and Derivatives Association, Inc. (ISDA) in 2014. During his nearly 17 years with ISDA, he served over ten years as CEO in addition to the positions of executive vice chairman and general counsel. Prior to joining ISDA, Mr. Pickel was assistant general counsel in the Legal Department of Amerada Hess Corporation, an international oil and gas company, from 1991 to 1997. He has also worked at the law firm of Cravath, Swaine & Moore in New York and London, where he represented ISDA in a variety of matters. Mr. Pickel graduated from Williams College and received his law degree from New York University.

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