David K. A. Mordecai is an expert on fixed income securities and structured products, including over-thecounter derivatives (in particular fixed income and credit derivatives), complex insurance and reinsurance liabilities, as well as asset-liability and risk management models and practices. He provides advisory services and testimonial expertise on complex issues related to financial instrument valuation models and practices, risk management, trading, and hedging practices for OTC derivatives and structured products, as well as structured investment vehicles and derivative product companies, structured credit and correlation trading activities, and master swap and repurchase agreements and broker-dealer functions related to financing derivative trading, hedging, and (e.g. clearance and settlement). Formerly a senior executive at the leading insurance company, global reinsurance company, and the largest fixed income hedge fund, he was also a senior rating agency official, and within several global banks, over a period of ten years, specialized as a banker in credit analysis and the origination, structuring, and trading of leveraged loans for non-recourse project finance and highly leveraged transactions involving corporations and financial institutions.

Dr. Mordecai has served as an advisor on systemic risk issues to the Federal Reserve, the IMF, and the Commodities and Futures Trading Commission (CFTC) and an advisor on hedge fund valuation issues to the International Organization of Securities Commissions (IOSCO). He has been a member of the Investment Advisory Committee of the New York Mercantile Exchange. He is the founding Co-Chair of the International Association of Financial Engineers’ (IAFE) Liquidity Risk Committee, and actively served on the Steering Committee of their Investor Risk Working Group on hedge fund and CTA disclosure issues as well as the IAFE Advisory Board. The founding Editor-in-Chief of the Journal of Risk Finance, a quarterly peer-reviewed research periodical, which addresses topics in financial risk intermediation, Dr. Mordecai remains a senior member of the journal’s advisory board (after its sale by Institutional Investor/ Euromoney to Emerald Publications). He has published numerous articles on topics related to hedge fund strategies, structured credit, and weather and insurance derivatives. He has also been an invited guest lecturer at Columbia University, at the Graduate Business School, the Engineering/Operations Research Division, and the School for Public Policy and New York University Courant Institute.

Dr. Mordecai earned a PhD with concentrations in Economics/Industrial Organization and Econometrics/Statistics from The University of Chicago Booth School of Business and an MBA in finance from the NYU Stern School of Business. His doctoral research focused on the limits of arbitrage, and how market shocks trigger contagion via the financing of highly leveraged financial institutions during periods of extreme market volatility. His biography has been published in Who’s Who in the World, Who’s Who in America, and Who’s Who in Finance and Business (Formerly Who’s Who in Business and Industry).