SUBDIVISIONS

 

Financial Services Section (FSS)

---

Objectives of the Section

The purposes of the Financial Services Section of INFORMS are:

  1. 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.
  2. 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.
  3. To support efforts to extend, unify and integrate related branches of knowledge and practice.
  4. 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.
  5. To stimulate the type of cross-fertilization that can best be accomplished within the framework of a professional organization.
  6. 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.

---

Return to INFORMS Subdivisions Listing

Return to INFORMS Online

---

Last updated 23 December 2008