MiB: Emanuel Derman

In our latest Masters in Business podcast, we speak with quant and financial engineer Emanuel Derman.

One of the first high-energy particle physicists to migrate to finance, he spent 17 years onWall Street, eventually becoming head of the renowned Quantitative Strategies group at Goldman, Sachs. At GS he co-developed the Black-Derman-Toy interest rate model and the Derman-Kani local volatility model (both now widely used industry standards).

Derman was the recipient of IAFE/Sungard Financial Engineer of the Year (FEOY) award in 2000. He is currently Director of MS Program in Financial Engineering at Columbia University. He is the author: of My Life as a Quant: Reflections on Physics and Finance and Models.Behaving.Badly.

Anyone interested in financial modeling, quantitative analysis and the rise of mathematics on Wall Street will likely find this a fascinating discussion.

You can stream the full podcast below, or download it on Apple iTunesBloomberg, or SoundCloud. All of our earlier podcasts are available iTunes, Soundcloud and Bloomberg.

 

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under