Empirica Lab employees and fellows are selected among the "A+" team of quants worldwide.
Research is overseen by Nassim Nicholas Taleb and Paul Wilmott
Mr Shaw is the business manager for Empirica Lab. He is also CEO for 7city Learning’s UK operations and a founding member of the firm. Having qualified as a chartered accountant in 1994 with Deloitte and Touche, he moved into a corporate role at BBC Worldwide, servicing both the television and publishing divisions. He then took on a senior management position in the Everyman publishing business, overseeing investor relations and assisting in the successful sale of their travel guide business to a US publishing house. In 1999 Paul, became a founding shareholder in a recruitment consultancy servicing finance professionals where he was responsible for securing private equity funding and oversaw all financial and strategic aspects of the business.
At 7city Paul is responsible for the day-to-day operations of the organisation. 7city Learning is now the largest financial markets training company in Europe and was ranked number 44 in the Virgin Fast Track for 2005. The company services all of the major financial institutions and provides training ranging from professional qualification preparation through to bespoke induction programs. Paul has also overseen the development of the Certificate in Quantitative Finance which is now established as the world’s leading mathematical finance program.
Mr Shaw’s responsibilities at Empirica Laboratory include project management, resourcing and client servicing.
Dr Taleb works at the intersection of theory and practice. He started his career as a trader (including the Chicago pits) and subsequently became involved in the unique combination of applied research and trading.
Nassim is the Dean's Professor in the Sciences of Uncertainty at the Isenberg School of Management, University of Massachusetts, Amherst, the founder of Empirica LLC, and runs a multimanager option arbitrage fund in New York. Nassim Taleb has part ownership in a volatility arbitrage hedge fund. Previously he lectured at the Courant Institute of Mathematical Sciences of New York University about the limits of derivative models since 1999.
Dr Taleb held trading positions with major derivative houses (CSFB, UBS, Paribas, Bankers Trust among others) and worked independently on the floor of the Chicago exchanges. His education includes an MBA from Wharton and a PhD from University Paris-Dauphine. He was inducted into the Derivatives Strategy Hall of Fame in 2001.
Dr Taleb is the author of Dynamic Hedging (Wiley, 1997), and Fooled by Randomness (Random House, 2nd ed.). Fooled by Randomness, a steady bestseller, has been published in 19 languages.
Dr Wilmott has for many years been a financial consultant for leading US and European financial institutions, specializing in derivatives, risk management and quantitative finance. He is on the board of Directors of five companies, is a member of the Physics in Finance Committee of the Institute of Physics, and is on the editorial boards of several academic journals.
Paul studied mathematics at St Catherine’s College, Oxford, where he also received his D.Phil. He founded the Diploma in Mathematical Finance at Oxford University and the journal Applied Mathematical Finance. He is the author of Paul Wilmott Introduces Quantitative Finance (Wiley 2000), Paul Wilmott On Quantitative Finance (Wiley 2006) and other financial textbooks. He has written over 100 research articles on finance and mathematics.
Paul Wilmott was a founding partner of the volatility arbitrage hedge fund Caissa Capital which managed $170million. His responsibilities included forecasting, derivatives pricing, and risk management.
Dr Wilmott is the proprietor of www.wilmott.com, the popular quantitative finance community website, the quant magazine Wilmott and is the Course Director for the Certificate in Quantitative Finance, www.7city.com/cqf.
Paul’s responsibilities at Empirica Laboratory include expert witness testimony, valuation and hedging analysis, extreme markets and CrashMetrics®, risk management, structured products and exotics, numerical methods.
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