Jack Marshall, one of the IAFE’s founders, served as the society’s executive director for its first seven years. He is considered by many to be the person responsible for coining the term “financial engineering,” with the publication of his 1991 book (with Vipul Bansal) Financial Engineering: A Complete Guide to Financial innovation. Over his long career, Jack served on the faculties of five leading universities and he created the syllabus for the world’s first M.S. degree in Financial Engineering which launched at Polytechnic University (now part of NYU) in 1995. Concurrently, Jack founded and ran a derivatives consulting firm that served many of the world’s leading financial institutions. Over the course of his career, Jack authored 19 books and several dozen scholarly and professional papers. He is now semi-retired, but still occasionally offers his services on a consulting basis through his firm Marshall Management Services.