Tanaka Business School appoints world class faculty for new degree in Risk Management

Karim Abadir, Professor of Financial Econometrics, Nizar Touzi, Professor of Mathematical Finance and Andrea Buraschi, Professor of Finance will start at Tanaka in September.

Programme Director, Professor William Perraudin, is a leading international expert on the Basel proposals on bank capital, and has acted as a consultant to a wide range of major financial institutions: “Risk management is, and will remain, one of the fastest changing fields in business,” said Perraudin. “The new Basel proposals, plus new possibilities for firms to transfer risk, have transformed the way banks think about risk. This has created a role for a new type of risk manager, one who is conversant with modern risk models and capable of understanding and designing risk mitigation strategies.”

Karim Abadir, an Oxford DPhil, currently holds chairs in the Economics and Maths Departments at York University, where he is head of the Statistics Group. He is Associate Editor of the Journal of Financial Econometrics and of Econometric Theory; and has published in journals such as Econometrica, Review of Economic Studies, Econometric Theory, and the Journal of Econometrics.

Nizar Touzi is currently Head of Finance and Insurance at CREST in Paris. He holds a PhD from University of Paris and is Associate Editor of Mathematical Finance, the Journal of Financial Econometrics, and Finance and Stochastics. He has published in journals such as Mathematical Finance, Finance and Stochastics, and Annals of Applied Probability and is considered world class in his field.

Andrea Buraschi holds a PhD from the University of Chicago and is currently visiting Associate Professor of Finance at Columbia University and was formerly Assistant Professor of Finance at London Business School. He has an outstanding record of publication in top journals and is a leading expert in capital markets research.

Perraudin said the course was attracting strong applications: “Our MSc Risk Management is the first rigorous graduate level qualification specifically designed to equip risk managers for the exciting new role they face – and a well paid one. According to a new survey by New York based executive recruiting firm Risk Talent associates, the average risk professional’s total compensation has increased by 15% this year over last (1)”.

“It provides the competitive edge because it is new, answers a need from the City and because no other programme can match this combination of teaching through leading academics and proven practitioners from Standard & Poor’s.”

Notes to editors

1.www.fundfire.com <http://www.fundfire.com/>  (subscription only)

For more information on the MSc Risk Management course, go to http://www.imperial.ac.uk/tanaka/masters/mscriskmanagement