SUBDIVISIONS
Financial Services Section (FSS)
Objectives of the
Section
The purposes of
the Financial Services Section of INFORMS are:
- To lead in the development, dissemination and
implementation of knowledge, basic and applied research and technologies
in the area of Financial Services (retail banking, credit
cards, brokerages, investment banking, insurance, etc.), and to promote high
professional standards and integrity in all work done in the field.
- To provide a continuing, specialized focus within
INFORMS on the topic of Financial Services, with the aim of identifying
current and potential problems and contributions to their solutions.
- To support efforts to extend, unify and integrate
related branches of knowledge and practice.
- To support the free interchange of information,
encourage discussion and interaction among individuals having interest in
this field by providing the opportunity for these individuals to meet and
to exchange information, ideas, experiences, and techniques.
- To stimulate the type of cross-fertilization that
can best be accomplished within the framework of a professional
organization.
- To encourage the education of students and the
continuing education of practitioners in this field of knowledge.
The Section also
promotes communication and interaction among individuals from industry,
government, and academia who share interests in these areas.
Membership Please consider joining the Section, if you
are not already a member. Apply here. We encourage
researchers in the financial services industry (retail banks, credit card
companies, brokerages, investment banks, insurance, etc.) and academics with an interest in financial services to
become members of our Section.
FSS Prizes
FSS Prizes for Best Student Research Paper and Best Presentation.
Details on the 2009 prize application process coming
up soon.
Announcing the FSS Prize winners for 2008
Best Student Research Paper Award
$500 First Place Xianhua
Peng (Columbia University), “Pricing CDO under a conditional survival
model”
$250 Second Place (tie)
Siu Tang Leung (John Hopkins
University), “Employee stock options”
Kun
Soo Park (Columbia University), “Premium for extended hedge fund lockups”
Honorable Mention Woo
Chang Kim (Princeton University), “Evaluating style investment”
Mehmet
Saglam (Cornell University), “Option market making”
Best
Presentation Award
$300 cash award (tie) Jim Bander (Wells Fargo), “Staffing
home equity lending operations during a financial crisis”
Yu Hang Kan
(Columbia University), “Dynamic hedging of portfolio credit derivatives”
Honorable Mention (tie)
Romain Deguest (Columbia
University), “Robustness and sensitivity analysis of risk measurement
procedures”
Mei
Xue (Boston College), “Why do banks open more branches?”
Previous winners
Conferences
and Workshops
INFORMS Annual Conference
in San Diego, CA, Oct 11-14, 2009
INFORMS Practice
Conference in Phoenix, AZ, Apr 26-29, 2009
INFORMS Annual Conference
in Washington, DC, Oct 12-15, 2008
INFORMS Annual
Conference in Seattle, WA, Nov 4-7, 2007
INFORMS
Practice Conference from April 29–May 1, 2007 in Vancouver, Canada
Job Openings in Financial Services
Job openings on the INFORMS site.
OR/MS Today job ads.
To post optimization and modeling jobs in
financial services, please send information here.
Interesting Articles on
Optimization and Modeling in Financial Services
Text Mining Improves Modeling in
Insurance
Complex Marketing: Why Multi-channel
CRM Really Works
Detecting Suspicious Claims and Uncovering Fraud and Abuse, talk from Insurance Fraud Bureau Conference in
Nov 2002.
Using Optimization
Technology to Improve Short-Term Investment and Borrowing.
Scalable Optimization: Decisioning for Marketing and Risk Management
in Retail Financial Services
Credit Card Pricing Developments and
Their Disclosure
If you come across an interesting article (that
is not overly commercial), please share it with us.
Research Papers in
Financial Services
Efficiency, Profitability and
Quality of Banking Services
Managing Credit Lines and Prices for
Bank One Credit Cards
If you have or know of a research paper you would
like to share with others on this forum, please send its link to us.
Officers
Chair: Dr. Manos Hatzakis, Goldman Sachs &
Co, Investment Management Division, New York, NY.
Vice Chair: Prof. Aparna Gupta, Rensselaer
Polytechnic Institute, Troy ,
NY
Treasurer: Dr. Edward Lau, MFS Investment
Management, Fixed Income Quantitative Research, Boston , MA
Secretary: Prof. Dessislava Pachamanova, Babson College , Wellesley , MA
Contact
Please send any
communications regarding the Financial Services Section to Manos Hatzakis at the address listed
below.
Emmanuel D. Hatzakis,
Ph.D., CFA, FRM
Investment
Management Division
Goldman Sachs
& Co.
New York, NY
10005
Email ID: manoshatzakis, Email address: aol.com
This page was created by
Suresh Nair, and is maintained by Dessislava Pachamanova. Please send comments
or suggestions to dpachamanova@babson.edu.
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Last updated 23 December 2008