Pal Bogar Email & Phone Number

Hungary

Budapest, London

Started up and manage micro size company developing and commercialising innovative proprietary technology for mechanical gears and transmissions.- Technical: Manage basic and applied R&D to make physical models and simulations, build proprietary design and engineering software, create engineering designs, make technical drawings and blueprints, make FEA, manufacture and test prototypes, generate and manage IP and know-how portfolios.- Business: Manage business development to find, develop and commercialise technically practicable and economically viable applications for the technology.Find viable business models and develop business plans, goals and roadmaps.Analyse markets, set up go-to market strategies, make value propositions, build customer portfolios, make customer contacts, maintain customer relationships, make sales and marketing.- Finance: Manage finances and find appropriate funding such as grants, investors etc.- HR: Find appropriate talent, build up and manage team.

London

Computed credit exposure for various types of derivative transactions including exotic and complex structured deals. Used results mainly in the Bank's counterparty limit management.Developed and improved methodologies to quantify credit exposure risk. Implemented results in credit risk IT systems and also used them in drafting credit exposure and risk policies. Supervised addon-based exposure calculations in the internally developed credit risk system. Implemented new complex risk engine system that used Monte Carlo simulations and other analytical techniques.Dealt with other initiatives and projects including BIS, Economic Capital and Raroc, valuation adjustments, emerging markets methodologies and country risk.Provided general quantitative support to credit people including trading floor credit officers, credit control and risk IT.Covered products and markets including IR, FX and Credit, and also Equity and Commodity markets.Managed team of five: hiring, instructing, objectives setting, reviewing, KPI, motivation, bonuses etc.Liased with trading floor credit officers, credit control, data integrity and risk IT, market risk and product control, also middle office and front office quants, traders and sales people. Main locations were London, Utrecht, New York and Singapore.

London, New York

Generated structured FX option trade ideas, priced and sold option products. Gave market commentaries, risk analysis, research and advice to the entire sales force and their clients. Communicated with most of the clients on a weakly basis and transacted with selected ones directly.- Clients: Wide range of mainly European clients including investment funds, banks and corporations.- Products: Ranged from vanilla options and forwards to a large variety of exotics including barriers, binaries, averages, accruals and their various combinations and structures. - Currencies: Mostly the majors but also some emerging markets such as Eastern Europeans.

London

Managed major project to develop in C++ an internal credit risk modelling system (CredEx) which:- Generated counterparty credit exposure profiles based on simulated markets and trade prices.- Modelled interest and FX rates, equities and credit ratings using Monte Carlo simulations.- Priced all transactions (various Bonds, Swaps, Options and Exotics) of the entire Treasury portfolio.- Priced Exotics including Asian Quantos on Baskets, Credit Derivatives, Goldswaps and Rainbows.- Interfaced with the Bank's central Summit database and external data sources such as Bloomberg. Worked on all aspects of risk measurement, management and mitigation of Treasury operations. Studied and tested commercial credit risk management systems (CreditManager, CreditRisk+, KMV). Employed CredEx to measure credit line utilisation of Treasury transactions on a portfolio basis.Implemented CreditManager to calculate Credit VAR using CredEx exposure profiles as an input.Tested and approved exotic pricing models developed by Treasury analytics groups.

London, Budapest

Hungarian country coverage:- Advised asset management clients mostly in Europe, UK and the USA, on equity investments.- Analysed exchange-listed Hungarian companies in the food, packaging and engineering industries.- Met regularly with CFO’s and CEO’s of analysed companies.- Developed integrated spreadsheet models with projections for the balance sheet, P&L and cash flow.- Used financial valuation methods including DCF, EVA and comparative analysis.- Published research reports, updates and commentaries on a regular basis and also occasionally.- Gave presentations and did roadshows and marketing trips in Europe, UK and USA.- Worked extensively with management teams on various financing transactions, IPOs and new issues.- Our team was ranked number one by Institutional Investor, Reuters and Extel in 1997 and 1998.

Munich

Theoretical physics research:- Analysed quantum interactions between atoms and optical radiation in quantum optical systems.- Systems included lasers and micromasers as well as single atoms in single-mode quantum fields.- Studied quantum entanglement, statistics and correlations in radiation fields.- Made theoretical propositions on preparation and manipulation of exotic quantum states of radiation.- These included discovered 'Quantum Island States' in micromasers and also quantum entanglement in coupled micromaser systems.- Applied analytical calculations and numerical methods such as Monte Carlo simulations.- Published results in prominent American and European scientific journals.

Budapest

Theoretical and experimental physics research:- Studied nonlinear optical phenomena such as multiphoton processes in high-intensity laser fields.- Studied and built high intensity mode-locked lasers and used them in multiphoton experiments.- Designed and built the Institute’s first Colliding Pulse Mode-Locked (CPML) solid-state laser.

New York

Research AssistantTheoretical physics research:- Analysed quantum interactions between atoms and optical radiation in lasers and micromasers.- Discovered and analysed quantum entanglement in coupled micromaser systems.- Discovered and analysed “Quantum Island States” in micromasers.- Proposed experiments by theoretical means that prove the quantum nature of radiation fields.- Studied correlations and instabilities, noise, bifurcations and chaos in multi-mode laser systems using stochastic equations.- Published results in prominent American and European scientific journals.Lecturer / Adjunct Lecturer / Teaching AssistantCollege-level teaching:- Gave lectures in introductory physics on a full curriculum of topics from classical to modern physics.- Instructed as an adjunct lecturer physics laboratory exercises corresponding to the lectures.- Instructed as an adjunct lecturer basic problem solving and mathematics courses and workshops.- Worked as a teaching assistant grading exams, quizzes, home works and laboratory reports.

Phd, Physics

Thesis: Quantum Coherence and Entanglement in Laser and Micromaser Systems Theoretical research - Nobel prized topic in 2012 and 2022

Msc, Physics

Thesis: Nonlinear Optical Effects in Mode-locked Picosecond-pulse Lasers Theoretical and experimental research - Nobel prized topic in 2023