Piotr Karasinski is a pioneering quantitative analyst

Quantitative analyst

A quantitative analyst is a person who works in finance using numerical or quantitative techniques. Similar work is done in most other modern industries, but the work is not always called quantitative analysis...

, best known for the Black-Karasinski

Black–Karasinski model

In financial mathematics, the Black–Karasinski model is a mathematical model of the term structure of interest rates; see short rate model. It is a one-factor model as it describes interest rate movements as driven by a single source of randomness....

 short rate model

Short rate model

In the context of interest rate derivatives, a short-rate model is a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate, usually written r_t \,.-The short rate:...

 which he co-developed with the late Fischer Black

Fischer Black

Fischer Sheffey Black was an American economist, best known as one of the authors of the famous Black–Scholes equation.-Background:...

. He is currently Senior Advisor at the European Bank for Reconstruction and Development

European Bank for Reconstruction and Development

Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...

. His contributions to quantitative finance  include models for interest rates, equity and hybrid products, and random volatility

Stochastic volatility

Stochastic volatility models are used in the field of mathematical finance to evaluate derivative securities, such as options. The name derives from the models' treatment of the underlying security's volatility as a random process, governed by state variables such as the price level of the...

.http://books.google.com/books?id=ZFGOGjO0pPgC&pg=PR10&lpg=PR10&dq=Piotr+Karasinski+citibank&source=bl&ots=S9PCWSm74p&sig=XhoA0pZiLINQFX5HQDkEMEv7azY&hl=en&ei=Pl-mTrzcDYiHhQfEz5mRDg&sa=X&oi=book_result&ct=result&resnum=4&ved=0CDAQ6AEwAw#v=onepage&q=Piotr%20Karasinski%20citibank&f=false He is on the editorial board of the journal

Journal

__FORCETOC__A journal has several related meanings:* a daily record of events or business; a private journal is usually referred to as a diary....

, Quantitative Finance. http://www.tandf.co.uk/journals/journal.asp?issn=1469-7688&linktype=5 He has held a number of positions at leading firms in New York and London including: Managing Director at HSBC

HSBC

HSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...

, Director and Head Derivatives Research at Citibank

Citibank

Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...

, MD at Chemical Bank, Director at Deutsche Bank

Deutsche Bank

Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

 and Vice President at Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

. He studied physics

Physics

Physics is a natural science that involves the study of matter and its motion through spacetime, along with related concepts such as energy and force. More broadly, it is the general analysis of nature, conducted in order to understand how the universe behaves.Physics is one of the oldest academic...

 at Warsaw University (MSc

MSC

- Computers:* Mario Strikers Charged* Microsoft Common Console Document, file for the Microsoft Management Console* Microelectronics Support Centre* Microsoft Corporation* MIDI Show Control* Message Sequence Chart...

 1978) and earned his PhD

PHD

PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...

 at Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

 (1984).

External links and references

• Biography, Global Association of Risk Professionals
  Global Association of Risk Professionals
  The Global Association of Risk Professionals is an international not-for-profit organization founded in 1996 by Marc Lore and Lev Borodovsky...
  
  
• profile, Mathematical Institute, University of Oxford