Peter Carr, managing director and global head of market modeling for Morgan Stanley, was named the 2010 IAFE/SunGard Financial Engineer of the Year (FEOY). The award was presented to Dr. Carr on February 10, 2011, at the New York Stock Exchange in New York City, during the IAFE/SunGard FEOY Award Gala Dinner.
Commenting on his 2010 FEOY award, Dr. Carr said, "As the world economy regenerates, it becomes increasingly important for financial engineers to connect with each other, as well as to build bridges to the rest of the financial community. The annual event surrounding the IAFE/SunGard award has emerged as a crucial spoke in that developing social network. As such, I'm deeply honored to be this year's recipient."
Brian Traquair, president of SunGard's capital markets and investment banking business, said, ""Peter Carr has distinguished himself with a number of important contributions to financial engineering. In addition, his dedication to training the financial engineers of tomorrow makes it fitting that he is awarded the title of 2010 Financial Engineer of the Year. SunGard is pleased to once again sponsor, alongside the IAFE, this well respected industry award."
The annual IAFE/SunGard FEOY Award, established in 1993, recognizes individual contributions to the advancement of financial engineering technology. Nominations are submitted by a nominating committee of approximately 100 people, consisting of all the IAFE governing boards. They are then reviewed in a two step process by a selection committee of 25 members, including the IAFE board of directors and senior fellows. This year's selection committee was chaired by Dr. Bob Litterman, an IAFE senior fellow and the 2008 FEOY award winner.
About Peter Carr
Mr. Carr is a managing director at Morgan Stanley in New York. He is also the executive director of the Masters in Math Finance program at NYU's Courant Institute. Prior to his current positions, he headed quantitative research groups at Bloomberg LP and at Banc of America Securities. His prior academic positions include four years as an adjunct professor at Columbia University and eight years as a finance professor at Cornell University. Since receiving his PhD. in Finance from UCLA in 1989, he has published extensively in both academic and industry-oriented journals. He is currently the treasurer of the Bachelier Finance Society and an associate editor for eight journals related to mathematical finance and derivatives. He has given numerous talks at both practitioner and academic conferences. He is also credited with numerous contributions to quantitative finance including: co-inventing the variance gamma model, inventing static and semi-static hedging of exotic options, and popularizing variance swaps and corridor variance swaps. Peter has won awards from Wilmott Magazine for "Cutting Edge Research'' and from Risk Magazine for "Quant of the Year".
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Peter Carr - IAFE-SunGard 2010 Financial Engineer of the Year
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