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About the Authors

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Simo Mohamed Dafir is Managing Director at Volguard, a financial consulting firm specialized in Capital Markets, Wealth Management and Derivatives. He has over 14 years of experience during which he held senior positions in a number of major international banks in Hong Kong and Singapore.

He was Regional Head of Commodity Structuring at Standard Chartered Bank, Head of Commodity Exotics and Hybrids at Merrill Lynch Asia and Trader of Credit Derivatives at Credit Suisse. He is also professor of Global Financial Markets at Sorbonne Assas International Law School and an expert witness for Financial Markets litigations.

Mr Dafir started his career in Aerospace and Telecom at the European Space Agency and Alcatel.

He holds an MBA from INSEAD, a Post Graduate Research Degree from the National Polytechnic Institute of Toulouse, an MSc in Automation from ENSEEIHT and a Bachelors degree in Mathematics.

Vishnu Gajjala is a commodity derivatives professional and is currently a consultant for Volguard, responsible for financial markets analytics. He has extensive experience in commodity derivatives and structured products.

Mr Gajjala started his career at Merrill Lynch in Hong Kong, working on commodities structured notes, exotics and hybrids. He developed many innovative structures catering to commodity investors and hedgers, including airlines, mining companies, private banks, and sovereign wealth funds.

At Standard Chartered Bank in Singapore, Mr Gajjala held positions in commodities sales and structuring, providing commodity hedging and financing solutions to major corporate clients in Asia. He holds a Bachelor's degree in Engineering from IIT Madras and an MBA from IIM Bangalore.

Fuel Hedging and Risk Management

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