Mathematical Finance & Financial Data Science Seminar

Relearning the Lessons of the Global Financial Crisis

Speaker: David M. Rowe, President of David M. Rowe Risk Advisory

Location: Warren Weaver Hall 1302

Date: Tuesday, October 29, 2019, 5:30 p.m.


As memories of the Global Financial Crisis begin to fade, it is time to look back and ask
whether we have learned the lessons of that painful period. As Alan Greenspan says in a
cover endorsement of David Rowe's recent book, “it is a timely reminder of the need to
expand risk management beyond purely technical analysis to broader consideration of
social, organizational, political and technological issues.

Dr. Rowe will highlight half a dozen lessons he believes are essential for risk managers
to embrace as they grapple with a world seemingly fraught with sources of systemic risk.

Bio – David M. Rowe, President of David M. Rowe Risk Advisory
David M. Rowe is founder and president of David M. Rowe Risk Advisory, a risk
management consulting firm. Dr. Rowe has spent over 40 years in the risk management
technology, banking and economic forecasting industries. He authored the monthly Risk
Analysis column in Risk magazine from 1999 to 2015. He also is the author of the recently
published book An Insider’s Guide to Risk Management – Relearning the Lessons of the
Global Financial Crisis.

From August 2013 to August 2015, Dr. Rowe served as Senior Strategist for Risk and
Regulation at Misys Financial Software. Prior to that, Dr. Rowe was Executive Vice
President for Risk Management at SunGard. In both positions, he provided strategic input
to solutions for risk management and served as an external spokesman on risk management

Prior to joining SunGard, Dr. Rowe spent more than 25 years in the banking and economic
forecasting industries, most recently as senior vice president of the Risk Management
Information group at Bank of America in San Francisco. In that role, Dr. Rowe had
executive oversight and responsibility for the design, deployment, maintenance and
operation of market and credit risk systems for the bank’s global FX, derivative and
securities trading activities.

Dr. Rowe’s earlier positions include chief financial officer of Security Pacific Securities,
Inc. (the broker-dealer subsidiary of the former Security Pacific Corp.); executive vice
president and director of research for Townsend-Greenspan & Co. (Alan Greenspan’s
economic consulting firm prior to becoming Chairman of the Federal Reserve) and
president of Wharton Econometric Forecasting Associates in Philadelphia.

His industry positions have included:
 Board member of the International Association of Financial Engineers (IAFE)
 Board Member and member of the Finance Committee of the Professional Risk
Managers’ International Association (PRMIA)
 Member of the Editorial Board of The Journal of Operational Risk
 Member of the Editorial Board of the GARP Risk Review

Dr. Rowe holds a Ph.D. in econometrics and finance from the University of Pennsylvania,
an MBA in finance with a concentration in money and banking from the Wharton Graduate
School of Finance and Commerce, and a BA in economics with distinction from Carleton