Expert Details
Investment, Portfolio Management, Structured Products, Securities and Stocks
ID: 728119
United Kingdom
Expert is a qualified actuary who has specialised in investment. He has been a member of numerous committees and working parties established by the actuarial, investment and pensions management professions. Two of the research working parties that he has chaired on behalf of the actuarial profession for several years involved bond rating and portfolio performance. Other working parties were concerned with stochastic modelling as well as regulation, education and compulsory professional development.
While he has authored or co-authored only a dozen or so papers these have included the control, modelling, management and performance measurement of portfolios. He has also published a number of articles on various investment topics. He has lectured on different aspects of investment in Europe, the USA, Australia, New Zealand and Japan.
Apart from his work as an unpaid trustee for various charities, his current professional activity is largely confined to acting as an expert witness in investment for, mainly, civil actions or disciplinary tribunals where negligence or fraud has been alleged. Less frequently, but recently, he has been employed in assessing the risks and recommending risk reduction structures for several investment houses.
For a number of years until it was taken over Expert acted as a consultant for a large Luxembourg-based insurance company specialising in the sale of life investment-based life assurance products to high net worth individuals to assess their risk management procedures. In particular as these procedures were related to the selection, monitoring and management of independent hedge fund managers and their products. Expert was invited by the local authorities opposing the construction of terminal 5 at Heathrow to provide evidence on third party risk (pro bono - because the authorities had set aside insufficient funds to instruct a specialist airport construction firm).
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1955 | Degree: MA | Subject: Mathematics | Institution: Cambridge University |
| Year: 1961 | Degree: FIA | Subject: Actuarial | Institution: |
| Year: 1952 | Degree: BA | Subject: | Institution: |
| Year: 1955 | Degree: | Subject: | Institution: |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 1971 to 1998 | Employer: (Undisclosed) | Title: Managing Director (Consultant after 1993) | Department: (Undisclosed) |
Responsibilities:Boutique investment house established by expert which, at its peak managed, about $1 billion. Control of the company was sold to Nikko Securities who retained him as Managing Director and placed him on their global investment management committee. |
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| Years | Employer | Title | Department |
| Years: 1968 to 1971 | Employer: (Undisclosed) | Title: Investment Manager | Department: (Undisclosed) |
Responsibilities:As the investment manager expert was responsible for the overall investiment of funds in excess of $1 billion. |
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| Years | Employer | Title | Department |
| Years: 1964 to 1968 | Employer: (Undisclosed) | Title: Pensions Manager | Department: (Undisclosed) |
Responsibilities:He was responsible for the administration and investment of the company's various pension and provident funds as well as overseeing the company's sick pay scheme. |
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| Years | Employer | Title | Department |
| Years: 1961 to 1964 | Employer: (Undisclosed) | Title: Pensions Secretary | Department: (Undisclosed) |
Responsibilities:He was responsible for the administration of the GEC Pension Scheme - a fund with more than 30,000 members. |
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| Years | Employer | Title | Department |
| Years: 1960 to 1961 | Employer: (Undisclosed) | Title: Actuarial Assistant | Department: (Undisclosed) |
Responsibilities:Was responsible for the opening the London office on behalf of a Liverpool-based firm of consulting actuaries. As such he was involved in providing actuarial advice for pension funds, friendly societies and insurance companies. |
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| Years | Employer | Title | Department |
| Years: 1953 to 1959 | Employer: (Undisclosed) | Title: Third class clerk (temporary) | Department: (Undisclosed) |
Responsibilities:At various times expert was involved in calculating premium rates and surrender values as well as administering pension schemes. During this time he served on the committee tasked with determiningthe the uses that could best be made from the first computers that the firm was about to order. |
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International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 1974 to 1982 | Country / Region: Richmond upon Thames,UK | Summary: Councillor, Chairman Housing Cee,, Vice Chairman Amenities Cee. Member Highways Cee. |
Career Accomplishments
| Associations / Societies |
|---|
| Fellow, Institute of Actuaries. Associate, Institute of Investment Management and Research. Associate, Pensions Management Institute. Member, Academy of Experts. |
| Licenses / Certifications |
|---|
| Licensed Dealer in Securities |
| Publications and Patents Summary |
|---|
| He has authored or co-authored nine research papers and has published more than twenty articles and numerous letters on various aspects of investment. |
Additional Experience
| Expert Witness Experience |
|---|
| Expert was first employed as an expert witness, since when he has acted in more than 400 cases. Whilst the majority of these have been civil cases, he has also acted in criminal cases, disciplinary tribunals and Official Inquiries in the UK as well as in other jurisdictions including Hong Kong, Guernsey, Jersey, Ireland and South Africa. While most civil actions have settled out of court, he has experience of being cross-examined the witness box. He has, however, more experience of taking part in mediations. |
| Training / Seminars |
|---|
| While at the Airways Pension Fund, he was responsible for the training of a number of investment analysts, most of whom went on to hold down senior positions in investment houses and stockbroking firms. |
Language Skills
| Language | Proficiency |
|---|---|
| French | Went to a French school until the age of eight. He still speaks French with various friends and members of his family who do not speak good English. Between 1975 and 1988 he assisted in several mergers and acquisitions between French and British insurers. |
Fields of Expertise
insider trading, international investment, investment, investment management, mutual fund, pension fund, portfolio, portfolio management, return on investment, securities finance, stocks, fixed income securities, government securities, investment banking, investment research, financial planning, investment value, economic value, bond, Financial Industry Regulatory Authority