Adam joined JP Morgan in 2007 to lead the structuring effort across inflation linked products. He is the author of JPMorgan’s “Inflation Linked Markets” guide. Prior to joining JPMorgan, Adam worked in various roles across inflation structuring and inflation trading at ABN AMRO with a focus on domestic indices and structured products. Adam is a graduate of Pembroke College, Oxford.
Brice Benaben is Global Head of inflation Products and Property Derivatives trading at Deutsche Bank. Prior he was Managing Director in Citigroup's inflation trading and Executive director in ABN AMRO's inflation structuring. He was initially involved in linkers trading as a portfolio manager in the International Finance Corporation (World Bank Group) in Washington DC.
Brice is a graduate of Oxford University, where he studied applied mathematics.
Mark has co-authored several technical books on financial markets. His book Inflation-Indexed Securities was published in 1998 and a second edition, which includes coverage of inflation-linked derivatives, was published in January 2004. He also contributed a chapter to the Handbook of Inflation Indexed Bonds. Mark played a lead role in the UK government’s consultation exercise on the issuance of ultra-long gilt instruments in 2004, as well as the subsequent launch of the first 50-year index-linked gilt in September 2005.
Mark received both his MSc. and his first degree from the University of Warwick and has also studied at the London School of Economics.
Jasper Falk is a Managing Director responsible for JP Morgan's EMEA Inflation business. In addition to trading and risk managing he acts as the Product Manager for the asset class. He has held this role since 2005. His previous roles in the Rates business have involved trading interest rate derivative markets across Europe, the UK and the US. Jasper is a graduate of St Catharine's college, Cambridge and joined the bank in 1993.
Mark Greenwood has traded inflation options on the Inflation Trading Desk at RBS for the past two years. RBS were the first bank to publish inflation options screens and have received the top votes in the various Risk inflation options polls since inception. Mark has been an inflation trader for 9 years, formerly at Barclays in London and Rand Merchant Bank in South Africa. Mark holds an MSc and UK and US actuarial qualifications.
Markus Heider is a director and responsible for European inflation research at DB Global Markets Research. Mr Heider joined DB in 2000 as an economist, previously having been a lecturer at University. He holds a PhD in economics.
Dariush Mirfendereski is a Managing Director and head of Inflation Linked Trading at UBS in London. He has also been involved in winning inflation-indexed bond mandates for UBS from The Republic of Italy, the UK Debt Management Office, and the French Tresor since he joined in 2004. Prior to joining UBS, Dariush was head of inflation derivatives at Barclays Capital where he started trading inflation-linked products in 1998.
Dariush is a co-author of the book “Inflation-Indexed Securities: Bonds, Swaps, and Other Derivatives, 2nd Ed.”, published in January 2004—the leading reference on this asset class. He is also the co-author of the inflation derivatives chapter in the “Inflation Linked Products” book published in November 2005.
Dariush obtained his BSc and MSc degrees from UCL and Imperial College London and subsequently a PhD from the University of California at Berkeley.
Jean-Paul Renne is the head of research and strategy at Agence France Trésor (AFT), which is tasked with handling French public debt and treasury management. In AFT, the research and strategy unit is, among others, responsible for developing and using macro-finance models aimed at helping decision-makers. Prior to joining AFT in 2007, he was an economist at the growth policy unit (French Treasury) where he worked on the assessment of fiscal measures. Jean-Paul Renne has graduated in applied mathematics and economics from Ecole Polytechnique and ENPC.
Mr Goncalves joined Morgan Stanley's Global Rates Strategy Team in 2007 as chief treasury/TIPS and agency strategist. Mr Goncalves has over ten years of experience in the bond market and before joining the firm, he held similar fixed income research positions at Bank of America Securities and Merrill Lynch. Before becoming a research analyst, Mr Goncalves was an assistant fixed income portfolio manager with Merrill Lynch Asset Management focused on the front-end and money market products.
Mr Goncalves makes strategic portfolio and tactical trade recommendations, across the US Treasury, Agency and inflation markets by using a combination of economic fundamentals, global macro flows and technical insights. In 2007, Mr Goncalves was voted, in the inaugural "Rising Stars" survey by Institutional Investor, as one of the top 20 rising fixed income professionals worldwide.
Robin L. Lumsdaine
Robin Lumsdaine recently joined the Kogod School of Business at American University as the Crown Prince of Bahrain Professor of International Finance. She was previously an Associate Director in the Division of Banking Supervision and Regulation and Head of the Quantitative Risk Management Group at the Board of Governors of the Federal Reserve System. Before joining the Board, Ms. Lumsdaine was a Director in the Global Markets Research division of Deutsche Bank where she served as the Global Inflation-Linked Bond Strategist. She has also held positions as Professor of Economics at Brown University, Senior Economist at the President’s Council of Economic Advisers, and Assistant Professor at Princeton University.
Ms. Lumsdaine holds an Sc.B. in Mathematics from Brown University and a Ph.D. in Economics from Harvard University.
Deepa Majmudar is a portfolio manager and quantitative analyst at the JP Mogan Asset Management. Fixed Income Group. Ms. Majmudar is re sponsible for developing quantitative strategies and portfolio management of tax aware fixed income funds, including Tax Aware Real Return fund which is a tax efficient inflation protected strategy. Prior to this, she worked as a quantitative analyst at AllianceBernstein since 1999 where she developed econometric models for various portfolio analytics for fixed income. Prior to that, Ms. Majmudar worked on research in particle physics & cosmology at Columbia University. Ms. Majmudar holds M.S. & Ph.D.in Astrophysics from Columbia University.
Fabio Mercurio is senior quant researcher at Bloomberg, New York. He holds a BSc in Applied Mathematics from the University of Padua and a Ph.D. in Mathematical Finance from the Erasmus University of Rotterdam. His recent scientific interests include interest rate and inflation modelling, the pricing of hybrids and the smile modeling for the main asset classes. Fabio has published several articles in journals such as Mathematical Finance, Quantitative Finance, Finance and Stochastics and Risk. He has also coauthored the book "Interest Rate Models: Theory and Practice", published by Springer.
Michael Pond is a Director and Interest Rate Strategist at Barclays Capital. Based in New York, he is responsible for research and strategy on nominal Treasuries along with TIPS and other inflation products. Mr. Pond joined Barclays Capital in September 2004 from the Hartford Investment Management Company, where he had been responsible for Trading TIPS, Treasuries, Agencies and Derivatives.Prior to HIMCO, Mr. Pond worked as a consultant in the Economic Policy Consulting Group of Price Waterhouse in Washington D.C., conducting economic impact analysis of various tax legislation.Mr. Pond holds a BA in Economics from the University of Connecticut and an MA in Economics from Georgetown University.
Jerome Saragoussi is a Director at Deutsche Bank in the Fixed Income and Relative-Value Research team in New York where he is responsible for US inflation-linked securities strategy, from vanilla products to complex derivatives. Jerome also develops alpha and cross-country strategies. Before endorsing this role, Jerome was located in London, focusing on relative-value analysis of interest rate derivatives products, and European linker strategy. Jerome joined DB 6 years ago. He holds a Master of Science in Accounting and Finance from the London School of Economics, and a Master’s degree in Economics, Finance, and Actuarial sciences from the University Paris Dauphine.
Robert Tzucker is a vice president in inflation trading for Barclays Capital, the investment banking division of Barclays Bank PLC. Robert is responsible for market making of TIPS and linear inflation derivative products and pricing inflation linked structures for the US. Robert migrated into trading in 2006 from the Fixed Income Research group where he was responsible for research on TIPS and inflation derivatives for the previous 3 years. Robert joined Barclays Capital in 2003 after earning an MBA from Carnegie Mellon University in Pittsburgh, PA.
Yildiray Yildirim, associate professor of finance, researches mathematical finance on modeling the term structure of interest rates, credit risk (theoretical and empirical), real estate finance- prepayment modeling, and valuation, corporate finance, and applied probability. He has been published in leading journals, including Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Fixed Income, Journal of Derivatives, The Journal of Real Estate Finance and Economics, Real Estate Economics, and Annals of Applied Probability, among others. He holds B.S. in Computer Science from Yildiz Technical University, M.A.in Economics and PhD in Statistics from Cornell University.