Education Qualifications

Ph.D., Finance, Johnson Graduate School of Management, Cornell University, 1993 M.S., Finance, Johnson Graduate School of Management, Cornell University, 1992 B.S., Electrical Engineering, Massachusetts Institute of Technology, 1986

Academic and Professional Experience

Practice Professor of Finance & Director, CAMRI, National University of Singapore, Mar 2009 - present Advisory Council Member, Cornell University – The Johnson School, April 2009 - present Scientific Advisory Board, Orissa Group Inc., Mar 2008 - present Executive-in-Residence, Cornell University – The Johnson School, Mar 2008 - Feb 2009 Managing Director and Chief Investment Officer, Quantitative Strategies Group, Credit Suisse (Alternative Investments), May 2004 - Feb 2008 Managing Director, Quantitative Equity Research, Banc of America Capital Management, July 2000 - April 2004 Review Board, Research Foundation of the CFA Institute, 2000 - 2005 Product Advisory Board, netDecide Corp., 2001 - 2003 Scientific Advisory Board, SKG Inc., 2000 - 2003 Associate Professor of Finance, Boston University – School of Management, Aug 1999 - July 2001 (on leave 07/2000-07/2001) Assistant Professor of Finance, Boston University – School of Management, July 1993 - July 1999 Visiting Professor of Finance, University of Amsterdam and Tinbergen Institute - Summers 1997-2000 Visiting Lecturer of Finance, Cornell University – The Johnson School, 1992 - 1993 Staff Electrical Engineer & Operating Comm Member, Goodyear International, Aug 1986 - Jul 1989

Selected Publications

Journal Articles

A Model of the Convenience Yields in On-the-run Treasuries, with R.A. Jarrow and E. Jacquier, Review of Derivatives Research, 2004 Option Pricing Under Political Risk, with E. Perotti, Journal of International Economics, 2001 An Empirical Analysis of Directional and Volatility Trading in Options Markets, with Y. Weng, Journal of Derivatives, 1999 Options Markets, Self-fulfilling Prophecies, and Implied Volatilities, with R.A. Jarrow, Review of Derivatives Research, 1998 Market Manipulation and Corporate Finance: A New Perspective, with A. Chatterjea and R.A. Jarrow, Financial Management, 1993

Books/Monographs Authored

Optimal Extraction of Nonrenewable Resources when Costs Cumulate, with J. Patel and I. Khripko, Project Flexibility, Agency, and Product Market Competition: New Developments in in the Theory and Application of Real Options Analysis, 1999. M.J. Brennan and L.Trigeorgis (Ed.) Information Trading, Volatility, and Liquidity in Options Markets, with A.F. Vila, The Research Foundation of the Institute of Chartered Financial Analysts-AIMR Publications, 1997

Shorter Article/Comment In Journal

Deriving Value from Derivatives, The Manager, 1995 Taurus: The Other Big Bang, with J. Mistry, Boston University Case Study 95-04, 1995

Working Papers

Trading Agents and Liquidity Risk, with S. Mahanti and M. Subrahmanyam, 2009

Membership And Professional Activities

Advisory Board, Aerospace and Mechanical Engineering Researcher-Entrepreneurs' Program, Boston University Co-organizer (with Robert Jarrow, Stuart Turnbull and Tom Coleman), Annual Derivatives Securities,1998 - 2001 Faculty Advisor, Boston University Investment Club, September 1993 - December 1995 Faculty Advisor, Humphrey Fellowship Program, Boston University, May 1995 – August 2000 Faculty Coordinator, Financial Management (MBA Core, Boston University), May 1994 - August 1995 Invited Speaker and Panelist: Capital Markets Seminar organized by the Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI), 1995 Keynote Speaker at various Institutional Investor Conferences, Credit Suisse Annual Asian Investment Conference (HK), GAIM Asia (HK), Asset Allocation Summit (HK), and internal Private Banking and Institutional Investor Seminars, 2000 - 2008 Ph.D Field Advisor (Finance), Boston University Department of Economics, January 1998 - August 2000 Principal Co-organizer (with Zvi Bodie), FINANCE 2000 - CEO and Nobel Laureates Lecture Forum Principal Co-organizer, Mathematical Finance Day at Boston University - 3/31/96, 4/26/98, and 4/25/99 Referee/Discussant: Journal of Economic Theory; Journal of Finance; Review of Derivatives Research; Journal of Economic Dynamics and Control; Mathematics of Operations Research; Physica A; Journal of Financial and Quantitative Analysis;Journal of Financial Intermediation; The Financial Review; China Economic Review; The Journal of Risk; Decision Sciences Institute Meeting, 1994; American Finance Association Annual Meeting, 2000; NBER Conference on Risk Assessment and Management, 1995

Consultation and Executive Experience

BTS Software, Financial Consultant, Fixed Income Group, 1994 Ernst & Young, Senior Financial Consultant, Derivatives Group, 1994 Risk Management Institute, Affiliated Researcher, May 2009 - present Securities and Exchange Board of India, Senior Financial Consultant, Summer 1995

Research Interests

Asset pricing theory Derivatives and risk management Liquidity risk in financial markets Quantitative models for fund management