Michael Dutch , Ph.D work email
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Michael Dutch , Ph.D personal email
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24 yrs of global Investment Banking experience (in 4 countries) developing/validating pricing and risk models/systems, across most asset classes, whilst working either in Front Office, Middle Office (Market Risk and Model Validation) or leading financial software Vendors.Michael is a British and Australian citizen. He is a former research scientist (physicist) with a Ph.D in Physics and M.Sc in Banking.In 1990, he moved from the land Down Under (Australia) to Lausanne, Switzerland as a Post-Doctoral physicist to (learn French/German, go skiing and) perform advanced nuclear fusion research on Tokamaks (TCA,TCV) for over 7 years at the Swiss Plasma Centre (SPC) of the Swiss Federal Institute of Technology (EPFL), contributing to Euratom and the global ITER fusion project (www.iter.org). He has more than 50 publications in leading, peer-reviewed scientific journals & at international physics conferences (American and European Physical Society). Hirsch index = 12.In 1997, his interest in “Phynance” led him to resign from his tenured post at the EPFL in order to launch his "quant" career.Following quantitative analysis/development roles with financial software vendors in Zurich, then London (SunGard, now FIS), his transition to Banking Quant was completed in mid-2003, by joining Market Risk at the National Australia Bank (NAB) in Melbourne.His remedial C++ quant devel work on the VaR Engine & FX Option pricing models soon helped expose 4 Rogue Traders! ($A360M loss disclosed in Jan 2004), triggering APRA's removal of the Regulatory VaR Model (used for market risk capital) & changing his role to Model Validation.In 2007, after his key role in NAB’s successful external model validation and VaR Model reaccreditation projects, he then resigned and moved to ANZ Global Markets in Front Office Quant Support: a “Strat” mainly for FX Options, Interest Rates and Equities. In Jan 2009, he was internally recruited back to a Model Validation role within ANZ.In April 2010, he resigned from ANZ to join Standard Chartered Bank (SCB) in Singapore, leading the Group’s Market Risk Model Validation team for a total of 14 years (until departing in April 2024).He is a passionate active investor in long-term, disruptive technologies/megatrends (such as the global electrification of transport) and clean/renewable energy (wind/solar): e.g. lithium ion batteries for electric vehicles (EVs) & energy stationary storage (ESS), and rare earth elements (REE: Nd/Pr/Dy/Tb) needed for high strength permanent magnet motors (PMM) used in EVs and wind turbines.
Self-Employed
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Personal InvestorSelf-Employed May 2024 - PresentActive (hands-on, self-managed) Personal Investor (in listed equities) focussing on the following main long-term themes: clean/renewable energy and the global lithium-ion battery supply chain (electrification of transport, battery energy stationary storage).
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Head, Market Risk Validation, Group Model ValidationStandard Chartered Bank Apr 2010 - Apr 2024London, England, GbHired in 2010 with the PRA’s (then FSA’s) blessing to fill a critical skills gap (in Market Risk) that had been flagged (by FSA and Internal Audit) in the Independent Model Validation function.Leading a team responsible for Independent validation (review and challenge) of Group-wide regulatory (IMA Pillar 1 capital: VaR, RniV) and internal market risk management models for Traded Market Risk.Based in Singapore -
Senior Manager, Model Validation, Risk GovernanceAnz Investment Bank Jan 2009 - Apr 2010Melbourne, Victoria, AuIndependent Market Risk & Pricing Model Validation (for both Trading & Banking Book) as part of Group Risk Governance. -
Senior Quantitative Analyst And Head Of Standard Analytics, Global MarketsAnz Investment Bank Aug 2007 - Jan 2009Melbourne, Victoria, AuFront office quantitative development and timely support for various in-house trading systems, infrastructure, pricing libraries, spreadsheets and tools. New pricing/risk model development - mainly for the FX Options, Rates (Consultative Risk Management) and Structured Equities (Investor Solutions) desks.C++, C, SQL, Excel VBA XLL, Reuters InsertLink, Murex. Visual Studio.Clearcase. -
Senior Quantitative Analyst And Head Of System Validation, Group Market RiskNab May 2003 - Aug 2007Melbourne, Victoria, AuHands-on development and validation of pricing and risk models for the Market Risk & Prudential Control (MR&PC) function. FX Options, Rates, Credit derivatives, Inflation Bonds/Swaps, etc. I was a key resource for the critical regulatory Internal Model Reaccreditation (IMR) and External Model Validation (EMV) projects of market risk. This followed a large FX Option unauthorised trading loss ($A360M, uncovered in Jan 2004) which led the regulator (APRA) to revoke NAB's use of the Internal VaR Model (for Basel-II Regulatory Capital) in favour of the more punitive Standardised Approach.This loss is now only #52 on Wikipedia's "List of Trading Losses" (but was #19 at the time).System profiling/analysis, leading to many substantial performance improvements (through my own C++ source code development) of the unix-based global market risk VAR and Stress-Testing engine (based on SunGard's Infinity/Fin++ & Market Simulator). This work reduced the daily/overnight batches to just one third of their original runtimes (on the same hardware), by intelligently eliminating many severe code bottlenecks & redundant calculations (e.g. option pricers also calc'ing numerical Greeks when only the MTM is needed).Completed NAB's "Enhanced Leadership Program" - an in-house, 2-year program for selected senior managers. -
Senior Quantitative Analyst/DeveloperSungard Financial Systems Nov 2000 - Apr 2003Wayne, Pa, UsSunGard Trading and Risk Division (Opus, Infinity, Kronos, Credient (Adaptiv Credit Risk), Panorama, Monis)Quantitative development of the OPUS application (C++ on Unix/Windows) - front-to-back commercial vendor system for 'drag & drop' structuring, pricing and risk management of Rates, FX and Credit Derivative products.On-site product/system support, development and implementation at client sites in both Europe and Asia.Development of OIL (Opus Interface Language) 4GL interpreted scripts - for automated regression testing (of new functionality & releases) & rapid, adhoc prototyping (e.g. risk reports).NB: I also subsequently did source code level software development work on SunGard's Infinity/Fin++ platform, after leaving SunGard to join National Australia Bank (NAB) -
Consultant - OptionsIris Integrated Risk Management Ag Jan 2000 - Oct 2000Zurich, Not Applicable, ChDevelopment of the RiskPro enterprise-wide risk-management product in the area of options.Learnt some German too - leider nur Hochdeutsch!NB: IRIS AG was acquired (in Aug 2008) by FRSGlobal, which was then acquired (in Sep 2010) by Wolters Kluwer Financial Services. -
Technology Investor And TraderSelf Employed Jul 1998 - Dec 1999Research and Trading of Equities, Options and Warrants online (NYSE, Nasdaq, pre-Nasdaq OTCBB) for my own account.Specialized in novel, disruptive soft/hardware technologies & patents, e.g. non-volatile embedded/removable solid-state Flash memory (EDIG, SNDK, INTC) and portable devices (MP3 or Video players), many, many years before the iPod, iPhone & iPad!.Online share trading (E*Trade) linux/java (RHAT, Sun) PCs (HPQ, AMD, IOM, Cobalt Networks), secure digital music & digital rights management (RNWK, LIQD, Intertrust, Verance, VeriSign), Wireless Bluetooth (Socket Comm).NB: still an avid investor, but no longer full-time. :-( (Until a quarter century later!)2024 update: Now focussed on the global electrification of transport (and clean/renewable energy) disruptive megatrend(since 2018).
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Scientist (Post-Doctoral Physicist), Swiss Plasma CentreEpfl (École Polytechnique Fédérale De Lausanne) Jun 1990 - Aug 1997Lausanne, Vaud, ChFonctionaire Scientifique.The Swiss Plasma Centre (SPC), formerly known as the Plasma Physics Research Centre (CRPP) until Sep 2015.Performed original, leading-edge scientific research in the field of Controlled Thermonuclear Magnetic Fusion on the TCA and TCV Tokamaks.TCV = Variable Configuration Tokamak, an advanced tokamak capable of producing a wide array of highly shaped plasmas, now in successful operation for >30 years!Numerous refereed publications in prestigious scientific journals - see my websites (ResearchGate or Google Scholar profiles).Current H-Factor: 12 (with most citations after I had already left research & ceased publishing)Specialties included soft X-ray tomography (image reconstruction) and development (and operation) of the TCV control system - slow (plant) and real-time (plasma) feedback control using a hybrid analog/digital or a fully-digital (64-element SIMD parallel processor) PID (Proportional/Integral/Differential) control system. Use of Artificial Neural Networks (ANNs) to train the preprogrammed (feedforward) control system coil currents.Collaboration with various other international fusion laboratories, especially the Plasma Science and Fusion Centre at MIT in Boston and the Joint European Torus (JET) at Culham Labs in the UK.Based at the CRPP (Centre de Recherches en Physique des Plasmas) within the EPFL (Ecole Polytechnique Federale de Lausanne) in Switzerland.Learnt French too - mais parle toujour comme une vache Espanole!key skills: high-performance scientific computing, real-time databases, signal processing ("big data"), neural networks, robust fault-tolerant programming. software: Matlab, IDL, OpenVMS, DCL scripting, Fortran, Debugging: PCA (Performance and Coverage Analyser). Hardware/OS: DEC VaxStation/Alpha, Sun Sparc, Cray supercomputers.For TCV plant control - see Wikipedia: SCADA (Supervisory Control and Data Acquisition), HMI (Human Machine Interface), ICS, PLCs, RTUs, BitBus Fieldbus (IEEE 1118). -
Post-Doctoral Research PhysicistFlinders University Oct 1988 - Apr 1990Adelaide, South Australia, AuPost-Doc experimental research in the Plasma Physics Group, in the area of helical travelling wave (Rythmac) and rotating magnetic field (RMF, Rotamak) steady-state current drive, based on the non-linear Hall Effect.Supervision of Doctoral students.Academic teaching (undergraduate physics laboratory demonstrator). -
Summer Vacation Graduate Student (Radar Group, Radio Division)Defence Science And Technology Organisation Jan 1983 - Apr 1983Adelaide, South Australia, AuDSTO is part of the Australian Federal Government (Department of Defence).Performed secret (classified) work for the ambitious Project Jindalee (Stage B), a large-scale broadband, doppler-shift Military Defence OTH (over-the-horizon) radar network, which was ultimately operationalised as JORN (Jindalee Operational Radar Network).Tasks included the design of multipole passive lumped LC low/high/bandpass (broadband) filters and antenna (radiation resistance) impedance matching networks, to reduce VSWR and hence maximize power output of portable standalone transponder calibration beacons (deployed in very remote locations and harsh outdoor environments).See: http://www.dsto.defence.gov.au/innovation/jindalee-operational-radar-network
Michael Dutch , Ph.D Skills
Michael Dutch , Ph.D Education Details
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Icma Centre (Henley Business School). Reading UniversityIsib -
Flinders UniversityPlasma Physics -
Flinders UniversityPlasma Physics -
Flinders UniversityPhysics
Frequently Asked Questions about Michael Dutch , Ph.D
What company does Michael Dutch , Ph.D work for?
Michael Dutch , Ph.D works for Self-Employed
What is Michael Dutch , Ph.D's role at the current company?
Michael Dutch , Ph.D's current role is Personal Investor - Listed Equities (ex nuclear fusion physicist & market risk quant).
What is Michael Dutch , Ph.D's email address?
Michael Dutch , Ph.D's email address is md****@****o.co.uk
What is Michael Dutch , Ph.D's direct phone number?
Michael Dutch , Ph.D's direct phone number is +65922*****
What schools did Michael Dutch , Ph.D attend?
Michael Dutch , Ph.D attended Icma Centre (Henley Business School). Reading University, Flinders University, Flinders University, Flinders University.
What are some of Michael Dutch , Ph.D's interests?
Michael Dutch , Ph.D has interest in Artificial Intelligence, Children, Education, Environment, Science And Technology, Wireless Medicine, Context Aware Mobile Computing, Mems Sensors, Health.
What skills is Michael Dutch , Ph.D known for?
Michael Dutch , Ph.D has skills like Market Risk, Derivatives, Fx Options, Quantitative Analytics, Options, Quantitative Finance, Financial Markets, Risk Management, Basel Ii, Financial Risk, Var, Vba.
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