Course Tutor Biographies

Dr Jon Gregory Counterparty Risk Consultant, OF TRAINING
Dr Jon Gregory is a consultant specialising in counterparty risk and credit derivatives. Until 2008, he was Global Head of Credit Analytics at Barclays Capital based in London. Jon has worked on many aspects of credit modelling over the last decade, being previously with BNP Paribas and Salomon Brothers (now Citigroup). In addition to publishing papers on the pricing of credit risk and related topics, he was in 2001 co-author of the book “Credit: The Complete Guide to Pricing, Hedging and Risk Management”, short-listed for the Kulp-Wright Book Award for the most significant text in the field of risk management and insurance. He is author of the book “Counterparty risk : the next challenge for the global financial markets” published by Wiley Finance in December 2009.
Jon has a PhD from Cambridge University.

Andrew White, General Manager, Risk Operations team, Australian Securities Exchange

Andrew is the General Manager of the Risk Operations team at ASX, the Australian Securities Exchange. The team is responsible for the day-to-day risk management of the market and credit risk associated with the Group’s cleared products and its treasury investment.
Prior to starting at ASX in 2007, Andrew spent nine years at LCH.Clearnet in London, six of which were as Director of Risk Policy. In that role he managed teams responsible for day-to-day risk management, quantitative analysis and counterparty risk. His remit also included wider policy aspects, including the Board’s risk appetite statement, liaison with the Risk Committee, communication with customers and operational risk.
Andrew began his career by spending almost five years at the Bank of England where he worked in the international, financial stability and supervision areas.
Andrew is a graduate of Oxford University where he read P.P.E.
He has been a speaker and panellist at industry events for a number of years on a range of topics, both in terms of market infrastructure (the development of the derivatives market, banking supervision, the role of clearing houses) and risk management (of fixed income products, operational risk, stress testing, counterparty risk, liquidity risk, enterprise wide risk management and strategic risk).

George Efstathakis, Prinicpal, Promontory Financial

George advises large financial services clients on regulatory capital requirements, particularly in relation to market risk and operational risk, and compliance frameworks. George joined Promontory from Ernst and Young’s regulatory practice. Prior to joining Ernst & Young, George spent eight years with APRA where he held a variety of senior positions, including head of the quantitative operational risk team. This team assessed models implemented by ADIs under the Basel II Framework. He also held senior roles in APRA’s onsite review and analysis area, focusing on market risk and trading risk models.

Darren Measures, Head of Risk, Asia, JPMorgan

Darren is an Executive Director, Head of Risk for Asia Pacific region of JPMorgan Worldwide Security Services, based out of Hong Kong, a position he recently transitioned into. Prior to that he was Head of Clearance & Collateral Management Client Sales & Management in New York, a position he held since November 2007. From 2004 through 2007, Darren was the global product manager responsible for the launch of the Derivatives Collateral Management product and US Equity TriParty Repo. He had moved to the US from London in 2000 in order to run the Western Hemisphere operation after working on the Investment Bank’s OTC derivatives collateral management program.

Darren joined JPMorgan in 1999 with significant experience in sales, credit and market risk management garnered during tenures at Citibank, SBC and UBS. These experiences developed his knowledge of OTC libor, government, equity and credit derivative products.

He is a working member of the International Swaps and Dealers Association’s Collateral Committee.