2009 - Present: financial risk fitness GmbH, Munich
Founder, CEO

Founded the firm by conducting training courses for financial industry managers. Trained over 500 financial industry professionals from 100+ financial institutions world-wide on quantitative finance best practices. Commenced a management consulting practice in 2013 with key engagements in the space of Asset Liability management, Derivatives Pricing and Risk Management.

2007 – 2008: Nagler & Company, Munich
Partner & Managing Director

Responsible for Business Development and Project Leadership in the Domains of Risk Management, Financial Engineering, Exotic Derivatives Pricing

2005 –2006: Credit Suisse, Zurich
Chief Risk Officer & Managing Director, Private Banking Division
Reporting to Group CRO

Responsible for the private bank's Risks oversight (limits management, reporting, special analyses) including Global Treasury. Member of the Group Risk Committee. Spearheaded Basel II (retail focused) project.
Sets policies, approves methodologies and liaises with local and international regulators for all risk related concerns. Responsible for the private banking division's risk reports to rating agencies and shareholders.

2003 –2004: ERSTE BANK, Vienna
Chief Risk Officer – reporting to Group CEO
Member of the Board of Managing Directors
Member of the Supervisory Board of Ceska Sporitelna

Contributed to the doubling of the bank’s market capitalization within 18 months and the reduction of risk provisions by 20%. Responsible for all risk management divisions within Erste Group as well as management accounting and controls. Heads group risk committee as well as local credit committees. Acts as bank’s contact executive to the media, analysts, investors and rating agencies on issues relating to risk. Spearheads development of Group risk related projects such as Basel II.

2000 – 2002: HVB Group, Munich
Group Managing Director, Head of Group Risk Control

Responsible for policies, methodologies, risk limit setting & utilization monitoring, new products processes & financial engineering and risk related regulatory issues for HVB Group (all banks and subsidiaries). Member of the “first operating level”; Head of the group risk committee (GARK) & reporting to CRO. Managed 350 professionals, world-wide.

1998 – 2000: HVB Group, Munich
Executive Vice President, Head of Risk Control

Responsibilities limited to Hypovereinsbank AG (Vereinsbank previous to the merger with Hypobank); reporting to CFO.

1995-1998: Commerzbank AG, Director
Head of Risk Management – Capital Markets & Investment Banking Division - Frankfurt

1990-1995: Oliver, Wyman & Company:
Project Manager to Managing Director, Frankfurt / New York

Responsible for consulting engagements in Europe, North America, Middle East, Australia concentrating on Risk & Capital Markets. Co-developed the “Oliver, Wyman Credit Risk framework”, which became a standard tool to measuring financial credit risk in the industry.

1988-1990: Lehman Brothers, New York
Financial Engineer Associate, Investment Banking

Responsible for pricing, hedging, risk management and client marketing of exotic fixed income derivatives.

Lecturer on Financial Risk Management, Applied Mathematics for Risk Management at: Technical Universities Munich, Vienna (Prof. Zagst & Prof. Schachermayer) and The Hebrew University in Jerusalem (Prof. Wiener).

Developed first doubly stochastic credit intensity model with stochastic jump processes governing migration velocities.

MBA – Finance
Stern School of Business – New York University, 1989

Dipl Eng. Hydraulic Engineering
Technical University Bucharest, 1982

Registered Securities Representative: New York

GARP Certified Financial Risk Manager (FRM)

Licensed Professional Engineer: New Jersey, Michigan

English, German, Romanian:
native level, equally comfortable in all three

French, Italian, Hebrew:
conversational

Married, one son, U.S. citizen, permanent resident in Germany
avid backcountry skier, single handicap golfer

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