CV Andre P. Horovitz
2007 - 2008
Nagler & Company, Munich
Partner & Managing Director
Responsible for Business Development and Project Leadership in the Domains of Risk Management, Financial Engineering, Exotic Derivatives Pricing
2005 -2006
Credit Suisse, Zurich
Chief Risk Officer & Managing Director, Private Banking Division - Reporting to Group CRO
Responsible for the private bank's Risks oversight (limits management, reporting, special analyses) including Global Treasury. Member of the Group Risk Committee. Spearheaded Basel II (retail focused) project. Sets policies, approves methodologies and liaises with local and international regulators for all risk related concerns. Responsible for the private banking division's risk reports to rating agencies and shareholders.
2003 -2004
Erste Bank, Vienna
Chief Risk Officer - reporting to Group CEO
Member of the Board of Managing Directors, Member of the Supervisory Board of Ceska Sporitelna
Contributed to the doubling of the bank’s market capitalization within 18 months and the reduction of risk provisions by 20%. Responsible for all risk management divisions within Erste Group as well as management accounting and controls. Heads group risk committee as well as local credit committees. Acts as bank’s contact executive to the media, analysts, investors and rating agencies on issues relating to risk. Spearheads development of Group risk related projects such as Basel II .
2000 - 2002
HVB Group
Group Managing Director, Head of Group Risk Control, Munich
Responsible for policies, methodologies, risk limit setting & utilization monitoring, new products processes & financial engineering and risk related regulatory issues for HVB Group (all banks and subsidiaries). Member of the “first operating level”; Head of the group risk committee (GARK) & reporting to CRO. Managed 350 professionals, world-wide.
1998 - 2000
HVB Group
Executive Vice President, Head of Risk Control, Munich
Responsibilities limited to Hypovereinsbank AG (Vereinsbank previous to the merger with Hypobank); reporting to CFO.
1995-1998
Commerzbank AG
Director, Head of Risk Management - Capital Markets & Investment Banking Division, Frankfurt
1990-1995
Oliver, Wyman & Company
Project Manager to Managing Director, Frankfurt / New York
Responsible for consulting engagements in Europe, North America, Middle East, Australia concentrating on Risk & Capital Markets. Co-developed the “Oliver, Wyman Credit Risk framework”, which became a standard tool to measuring financial credit risk in the industry.
1988-1990
Lehman Brothers, New York
Financial Engineer Associate, Investment Banking
Responsible for pricing, hedging, risk management and client marketing of exotic fixed income derivatives
Academic Activities
Lecturer on Financial Risk Management, Applied Mathematics for Risk Management at: Technical Universities Munich & Vienna (Prof. Zagst & Prof. Schachermayer), developed first doubly stochastic credit intensity model with stochastic jump processes governing migration velocities.
Education
MBA -Finance, Stern School of Business, New York University, 1989
Dipl Eng. Hydraulic Engineering -Technical University Bucharest, 1982
Licenses / Certificates
GARP Certified Financial Risk Manager
Registered Securities Representative, New York
Licensed Professional Engineer, New Jersey, Michigan
Languages
English, German, Romanian - native level, equally comfortable in all three
French, Italian, Hebrew - conversational
Miscellaneous
52, married, one son, U.S. citizen, permanent resident in Germany, avid backcountry skier