Dr. David Shimko

Dr. David Shimko has worked in banking and risk management consulting for over 20 years, providing innovative solutions to risk management problems in risk strategy and hedging, risk policy, performance measurement, and capital management.  Clients have included top U.S. banks, proprietary trading shops, pensions, global commodity producers, and numerous non-bank financial institutions including sovereign authorities.  He most recently served as CEO of CreditCircle, a marketplace lending startup.

Dr. Shimko’s expertise ranges from risk assessment, risk management strategy, product design, valuation, and expert witness advisory.  His work has focused in all asset classes and structures, including exotic and illiquid option products and structures.  Dr. Shimko has been awarded three U.S. patents in innovative collateral management techniques. 

He is currently an Industry Full Professor of Finance at the NYU Tandon School of Engineering where he teaches Financial Engineering courses including Valuation, Risk Management, and Credit.

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Dr. Shimko is widely published, speaks frequently at industry conferences, and has held numerous prestigious academic positions in finance, including adjunct positions at the Kellogg School at Northwestern, the Courant Institute at NYU, and the Harvard Business School.  He earned his B.A. in Economics and PhD in Finance from Northwestern University.

Henry L. Lichtenstein

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Prior to establishing his energy futures trading and compliance consulting firm Brown Mac Energy LLC in 2012, Henry L. Lichtenstein was First Vice President, Institutional Energy Sales for Newedge USA, LLC, joining Newedge’s predecessor firm, Fimat USA, LLC, in October 1996 as Managing Director of Institutional Sales – Energy where he headed an institutional energy hedge desk.  A renowned and respected technical analyst, he has provided professional technical advice to large institutional energy hedge clients since 1983.  A lifelong commodity futures professional with an unblemished regulatory record, he has executed well over 20 million energy futures contracts on the NYMEX and ICE for institutional clients and was an early leader in marketing and clearing NYMEX ClearPort Cleared futures contracts.  He has lectured on Exchange of Futures for Physicals (EFP) and Technical Analysis of Energy Futures Markets at various conferences. A former NYMEX seat owner and member, he owned a seat on the Kansas City Board of Trade for many years until the exchange was purchased by CME Group, Inc. and he currently is a member of the COMEX.

Henry has a BS from Rutgers University in Agricultural Science and did graduate work at Rutgers in Agricultural Economics and Marketing.  He spent three years at Commodity Research Bureau (CRB) as a senior fundamental and technical analyst and was associate editor of the 1980 through 1982 Commodity Year Books.  Following CRB, he started a major institutional energy hedge desk at Oppenheimer & Co. in late 1983, moving over to Pru-Bache Securities in 1985 when Oppenheimer sold its commodity sales unit.  His team joined Kidder, Peabody & Co. in 1993, and then spent two years at GPR, Inc., an introducing broker, before joining Fimat.

UNPARALLELED ACADEMIC AND INDUSTRY EXPERIENCE

Brett Friedman

Mr. Friedman has managed risk for over 30 years and has broad experience working with financial institutions in risk management and operations.  He has built and managed three risk management organizations from scratch, two trading startups, and has transacted on numerous exchanges and OTC markets,  He brings a vast amount of first-hand management, operations, and valuation experience.

Mr. Friedman was formerly the COO/CRO of Brick Accretive Management, an absolute return hedge fund.  He was also the Chief Risk Officer of Ospraie Management, an $8 billion natural resource-based hedge fund and private equity group.  Mr. Friedman has experience in all asset classes and specializes in options risk, hedging, and valuation.

Earlier in his career, Mr. Friedman served as a Partner at Risk Capital Management, Chief Risk Officer for three energy trading firms, worked for 10 years as a futures and options trader, and traded foreign exchange futures and options for the Union Bank of Switzerland.  He started his career at the Federal Reserve Bank of NY.

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Mr. Friedman earned a BA in Economics from Columbia University.