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About our speakers
Maarten Gelderman, Chairman of the Accord Implementation Validation Group (AIGV), BASEL COMMITTEE and Head of Quantitative Risk Management, NETHERLANDS BANK
Maarten Gelderman (1971) studied business administration at Vrije Universiteit Amsterdam. In 1997 he obtained his PhD at this same institution. He published nationally and internationally on accounting, finance, research methodology and information systems. In 2000 Maarten joined DNBs supervisory strategy department, which he headed from 2003.. Since then, he is head of the merged supervisors’ Quantitative Risk Management Department. This department is responsible for the design and implementation of risk based solvency regimes for banks (Basel II), insurers (Solvency II), pension funds (Financial Assessment Framework), and financial conglomerates. He chairs DNBs Risk Management Committee and is chairman of the Basel Committee Accord Implementation Validation Subgroup. As a member of various subgroups of the Basel Committee, Maarten has been closely involved in the development of Basel II.
John Cummins, Group Treasurer, RBS GROUP
John Cummins currently serves as the Group Treasurer of The Royal Bank of Scotland plc. Formerly he was the Group Treasurer of the Standard Life Assurance Company, the largest mutual assurer in Europe. Mr Cummins was one of the original team to establish Standard Life Bank and the Group Treasury function. He was also instrumental in the development of overall funding for Standard Life Group and Bank, using capital, banking and money markets. Prior to his work at Standard Life, Mr Cummins served as Treasurer at MBNA International Bank Limited; a Money Markets Manager at the Yorkshire Building Society; a Customer Dealer at Wallace, Smith Trust Co. LTD; and Assistant Manager Financial Institutions Group at Citibank NA. He received his BA Honours from University College, Oxford University and his Masters in Business Administration from Bradford University.
Martyn Hoccom, Head of Treasury Risk, LLOYDS
Martyn Hoccom has worked at Lloyds TSB since 2003 and his primary area of focus is liquidity management developing the Group policy framework and managing the oversight of liquidity risk on a day to day basis. He has held previous roles in Market Risk management and Asset and Liability Management at HBOS and Abbey. He is currently the Chair of the UK Asset and Liability Management Association.
Hans Sattler, Head of ALM, HYPOVEREINSBANK
Hans Sattler is Managing Director of HVB Group and Head of the Bank's Asset Liability Management Unit. He is responsible for liquidity risk management, funding planning and the steering of cover pools for HVB's covered bonds as well as balance sheet management.
Hans joined HVB in 1990 following his studies of Business Administration at University of Munich.Hans is a member of several industry-wide advisory committees: he acts as Chairman of the Treasury Committee of the German Banking Association and he is Speaker of the ALM Committee of ACI. Within these responsibilities a main focus has been to introduce internal models for liquidity steering in close cooperation with regulatory authorities such as BaFin and Deutsche Bundesbank. The internal models have become industry standard for liquidity management in large German banks.
Michelle McCarthy, Senior Vice President, Enterprise Market and Operational Risk Management, WASHINGTON MUTUAL
Michelle McCarthy, SVP of Enterprise Market and Operational Risk Management at Washington Mutual Bank in Seattle, oversees policy framework, measurement and management of market and operational risk across all the bank’s business lines. She joined Washington Mutual in April, 2003 from Deutsche Bank Securities. In her 17-years with Deutsche Bank, Michelle held a number of market risk-related roles, including head of market risk management for Europe in Londo n, head of market risk management for the asset management division in New York.
Paul Sharma, Director of Wholesale and Prudential Policy, FINANCIAL SERVICES AUTHORITY
Paul Sharma is Director, Wholesale and Prudential Policy at the FSA. Prior to this he was head of the FSA's Risk Management, Modelling and Review Department in December 2006 including responsibility for the FSA's specialist work on the review and approval of internal models. And prior to that Paul was head of the FSA's Prudential Standards Department responsible, among other things, for design of the FSA's realistic life insurance regime and for Solvency 2 and Basel 2 policy. Both departments span the three regulatory sectors of banking, insurance and securities and cover the full range of prudential risk types of market risk, credit risk, liquidity risk, operational risk and insurance risk.Prior to becoming a regulator Paul worked for Ernst and Young as a specialist financial services auditor and consultant.Paul is a chartered accountant and a mathematics graduate from Cambridge University.
Alexandre Adam, Head of Financial Modeling, BNP PARIBAS
Alexandre Adam is a French Asset and Liability Manager graduated from ENSAE and Ecole Polytechnique. Since 1997, he has worked for BNP Paribas, in the ALM and Treasury Department. He is now responsible for the Financial Models Team, the BNP Paribas ALM operational research team. Alexandre is the president of the scientific committee of AFGAP, the French Association of Asset and Liability Managers. Alexandre teaches “interest rate risk management” at University Paris XIII and at ENSAE. Alexandre is the author of the “Handbook of Asset and Liability Management: from models to optimal return strategies” (Wiley, 2007).
Josef Seigner, ALM Manager, ALLIANZ
After his graduation summa cum laude from Regensburg University in 1993, Josef acquired a Ph.D. in Mathematics from University of Jena, on a German Research Foundation (DFG) scholarship. Josef started his business career as Risk Manager at Hanover Life Insurance as Head of Risk management. Josef has joined Allianz in1998 initially as risk manager in Munich including responsibility e.g. for the SEC market risk disclosure in Allianz’ filings. Later he led the Financial Risk team, which is now part of Allianz Investment Management SE. His responsibilities entail all ALM related analyses and strategies for the AIM Munich companies (mostly Central Europe). Josef is one of the Fellows in Allianz’ Investment Lab, which is responsible for research and development projects in investment management and capital markets.
Stephanie Authier, ALM Modelling Specialist, FORTIS
Stéphanie Authier works for the Asset and Liabilities department at Fortis Bank in Brussels. She takes part to the development of the modelling. This includes the determination of the methodology and the development of different approaches to assess and monitor risks. Previously, she was consultant in risk management at Reuters, where she was in charge of the implementation of Kondor and KVaR softwares.
Jean Miguel Saintraint, Global Head of Balance Sheet Management, FORTIS
Jean Miguel Saintraint leads the Balance Sheet Management of Fortis Bank ALM department.He follows both liquidity and interest rate risk of the banking book.He has a wide experience in different field of ALM and mortgages in both the US and Europe.As an mathematics engineer and MBA, he gained experience in modelling and trading interest rate derivatives.
Bruce Porteous, Head of UK Risk Capital Development, STANDARD LIFE
Bruce has degrees in Mathematical Statistics from Edinburgh University (BSc, 1st Class) and Cambridge University (postgraduate Diploma with Distinction and PhD)..
Fellow of the Faculty of Actuaries.Experience gained in Marketing, Corporate Actuarial/Finance, International Development and Risk management/Capital, especially Basel 2 and Solvency 2, all with Standard Life. Included exposures to the life insurance, retail banking, health insurance and asset management sectors.
He has also worked for Tillinghast Towers Perrin in International M & A, corporate restructuring and market entry experience gained He is currently Head of UK Risk Capital Development with Standard Life UK Financial Services. Responsible for Solvency 2 development and implementation.
Carlos Montalvo Rebuelta, Secretary General,CEIOPS,
Carlos Montalvo Rebuelta is the Secretary General of CEIOPS, the Committee of European Insurance and Occupational Pensions Supervisors,since the 1st of November, 2007.Before that he has worked as an insurance supervisor for the DGSFP, Spanish insurance supervisory authority, where he headed the International Area of the Supervisory Department and coordinated insurance groups and financial conglomerates related issues. He is a lawyer with a diploma in economics and has carried out both national and international tasks, such as on-site inspections or participation in different legislative initiatives. He’s also been involved in qualitative supervision related issues, including the chairmanship of CEIOPS working group on internal control for insurance undertakings (Madrid Group), and has participated as invited professor in different fora.
Ian Tyler, Group Head of Capital, RBS
A maths graduate from Cambridge University, Ian has now worked for major UK banking groups (Barclays, NatWest and RBS) for some 24 years of which the large majority of the last 20 years have been in either treasury or Asset & Liability Management related roles. His current responsibilities include overall responsibility for ensuring that the Group and all regulated entities remain adequately and efficiently capitalised.
Ian is married to Alison and has one son (Samuel aged 10) and one daughter (Abigail aged 8).
John Brunello, Head of Models and Technologies Development, EURIZONVITA
John Brunello holds an MS in Electronics Engineering from Politecnico di Milano University (Italy). After an extensive experience as an IT consultant and project manager in the finance industry, since 1999 he has been in charge of the development of risk management systems with top Italian insurance Companies (INA, RAS, EurizonVita).
Juliana Kim, Head of ALM, BANK OF AMERICA
Head of ALM & Interest Rate Structuring at Bank of America, London. Juliana has been involved in the ALM area since 2002, advising European life & pensions to carry out balance sheet risk analysis and develop hedging strategies and bespoke investment solutions in the context of economic, regulatory and accounting constraints. Recently, her scope extended to developing structured notes to embed tactical views. She holds Bachelor and Masters Degrees in Economics & Finance and holds a CFA title.
Rahul Karkun, Vice President ALM & Interest Rate Modeling, BANK OF AMERICA
Rahul joined the ALM & Interest Rate Structuring team at Bank of America in August 2006. He is a Vice President, responsible for ALM model development and product development / pricing of exotic interest rate, FX and hybrid structured products. Previously, Rahul was part of the structuring team at Deutsche Bank. He holds an MBA and Bachelors of Technology.
Peter Whitehead, Senior Vice President Quantitative Risk Management, LEHMAN BROTHERS
Peter Whitehead has a PhD in Mathematical Finance from Imperial College and held a postdoctoral research position in Mathematical Finance at the Centre for Quantitative Finance, Imperial College. He has worked in the Model Validation Group at Lehman Brothers since 2001.
Dr. Frank Hovermann, Senio Portfolio Manager, MEAG MUNICH ERGO ASSET MANAGEMENT
Education in physics and mathematics at TU Berlin, Technion Haifa, LMU München, TU München. PhD in mathematics (mathematical physics). 1999—2005 senior portfolio manager at Activest (later Pioneer Investments) responsible for enhanced indexing and option based protected equity portfolios. 2005-2007 senior equity derivatives structurer at HypoVereinsbank/UniCredit MIB responsible for fund derivatives, rule-based investment strategies, and indices. Since 2007 at MEAG, responsible for development and management of life-insurance linked investment products, commodities investments, volatility as an asset class.
Søren Dahlgaard, CFO and CIO, NORDEA LIFE & PENSIONS
Søren Dahlgaard joined Nordea Life Pensions in 2003 as Head of Investment and Risk Management of the €33bln portfolio originating from activities in the Nordic countries and Poland. Søren was appointed CFO and CIO of Nordea Life & Pensions Group in 2006. From 1998 to 2002 Søren was Chief Investment Officer with a Danish financial services conglomerate. From 1989 to 1998 Søren worked in Unibank in positions ranging from fixed income analyst to head of equity trading. Søren has taught graduate courses and been thesis advisor at Copenhagen Business School. Søren holds a M.Sc. in Mathematics and Economics from University of Aarhus.
