Reval’s Board of Directors Grows with Appointment of Legendary Derivatives Guru, Dr. Steven W. Kohlhagen
Former Head of First Union Fixed Income Group & Co-Creator of Garman Kohlhagen Option Model Brings Decades of Derivatives Expertise
21 Feb 2008
NEW YORK--(BUSINESS WIRE)--Reval, a global leader in financial risk management solutions and services, today announced that legendary derivatives expert, Dr. Steven W. Kohlhagen has joined its Board of Directors. Dr. Kohlhagen has been involved in the derivatives markets for over 30 years as an academic, a practitioner and a Board member. He is well known in the markets as the co-creator of the widely-used Garman Kohlhagen pricing model, the formula for estimating the value of a European call option on foreign exchange. Kohlhagen was also honored as an inaugural member of Risk Magazine’s first “Derivatives Hall of Fame” in 2002.
“Dr. Kohlhagen’s expertise in derivatives modeling, risk management and capital markets is hard to find and we are fortunate to have him join Reval’s Board,” said Jiro Okochi, Reval’s CEO and Co-founder. “We look forward to working closely with Dr. Kohlhagen as we continue to expand our derivatives coverage across asset classes,” continued Okochi.
Kohlhagen’s illustrious career in the field of derivatives began in academia as a professor at University of California, Berkeley and in 1975 he was awarded “Teacher of the Year” by Berkeley’s School of Business Administration. As a practitioner, he built sales teams and derivatives businesses at Lehman Brothers, Bankers Trust and First Union/Wachovia, as well as other leading financial institutions. At Bankers Trust, he was founder of the Market Transaction Group (Derivatives Options Products) and Managing Director, Money Market Sales and Trading, Origination and Distribution. His impressive career at First Union, began as co-founder of all derivative products business and later Managing Director for the Fixed Income Division. Additionally, Kohlhagen’s contributions to the world of finance have been widely published in a number of economics and business publications and journals.
Dr. Kohlhagen commented on his Reval Board appointment, “I’m honored to be a part of Reval’s Board and look forward to providing insight into their growing risk management solution set. Their blue-chip client roster, including firms like General Motors, Deloitte, Qantas, Lloyds Bank and Commerzbank is a testament to Reval’s must-have solution by Global 2000 corporates and financial institutions.”
In addition to Reval’s Board, Kohlhagen sits on the Board of Directors of Ametek, Inc. a leading global manufacturer of electronic instruments and electromechanical devices and he is an independent director of the IQ Mutual Funds, a family of Merrill Lynch registered, closed-end investment companies.
About Reval
Reval® is the leading derivatives risk management solution provider delivered under the Software as a Service (SaaS) model, for companies hedging foreign exchange, interest rate, energy or commodity risk. Designed for financial professionals by financial professionals, Reval’s fully hosted web based solutions help companies follow the requirements of derivative hedge accounting (FAS 133, IAS 39, CICA 3865) and gain better controls to support Sarbanes-Oxley compliance. The benchmark for treasury best practices, Reval’s products can be rapidly deployed and are easily integrated with other systems. Founded in 1999 and based in New York, London and Sydney, Reval maintains a global client base of corporate treasuries, insurance companies and financial institutions that hedge with derivatives.
For more information, visit www.reval.com or email info@reval.com.
Contacts
Reval
Vivian Shpigler, 212-901-9780
vivian.shpigler@reval.com
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