COMMERCIAL AND INDUSTRIAL MATHEMATICS

April 16, 2014

Seminar Series on Quantitative Finance - January 30, 2003

Biographies

Dr. Myron Scholes
Myron S. Scholes is a Managing Partner of Oak Hill Capital Management, he is the Chairman of Oak Hill Platinum Partners, and is involved in the private and public investment groups of the Robert M. Bass organization. Oak Hill Capital Management manages Oak Hill Capital Partners, a private equity partnership founded by Robert M. Bass and his longtime team of investment professionals. Professor Scholes is the Frank E. Buck Professor of Finance Emeritus, at the Stanford University Graduate School of Business since 1996.

Professor Scholes is widely known for his seminal work in options pricing, capital markets, tax policies and the financial services industry. He is co-originator of the Black-Scholes options pricing model, which is the basis of the pricing and risk-management technology that is used to value and to manage the risk of financial instruments around the world. For this work, he was awarded the Alfred Nobel Memorial Prize in Economic Sciences in 1997.

He was the Frank E. Buck Professor of Finance at the Stanford University Graduate School of Business from 1983 to 1996, and a Senior Research Fellow at the Hoover Institution from 1987 to 1996. He received a Ph.D. in 1969 from the University of Chicago where he served as the Edward Eagle Brown Professor of Finance in the Graduate School of Business for 1974 - 1983 and Director of the Center for Research in Security Prices from 1976 - 1983. He was an Assistant and Associate Professor of Finance at M.I.T.'s Sloan School of Management from 1969 to 1974.

Professor Scholes is a member of the Econometric Society and served as President of the American Finance Association in 1990. Professor Scholes has honorary doctorate degrees from the University of Paris, McMaster University and Louvain University.

Professor Scholes has consulted widely with many financial institutions, corporations and exchanges and continues to lecture for many organizations around the world. Professor Scholes serves on the Board of Directors of Intelligent Markets, American Century, Chicago Mercantile Exchange, FEP/Constellation, Unext.com, and Salomon Swapco Inc.. Professor Scholes was a principal and Limited Partner at Long-Term Capital Management, L.P., an investment management firm from1993-1998. Between 1991 - 1993, he was a Managing Director at Salomon Brothers, a member of Salomon's risk management committee, and as Co-Head of its Fixed Income Derivatives Sales and Trading Department was instrumental in building Salomon Swapco, its derivatives intermediation subsidiary, and in expanding its derivative sales and trading group.


Donald W. Lindsey
Donald Lindsey is the first President and Chief Executive Officer of the University of Toronto Asset Management Corporation (UTAM). He began his career with the University of Virginia Investment Management Company, where he served initially as Investment Analyst and proceeded to become Assistant Director of Investments, Senior Investment Officer and Director.

He has taught in the McIntire School of Commerce at the University of Virginia; and has also taught CFA exam preparation and other courses in Croatia, Romania, Japan, South Africa, Italy, the United Kingdom, and Switzerland.

He is a member of the Pension Committee of the St. Michael's Hospital in Toronto; and a member of the Investment Sub-Committee of Trinity Health in Novi, Michigan.

Mr. Lindsey earned a Bachelor of Arts degree in Political Science from Virginia Tech; an MBA from James Madison University; and holds the Chartered Financial Analyst (CFA) designation.

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