Kamakura Corporation announced Tuesday that renowned risk management expert Dr. David M. Rowe has been named Senior Adviser to Kamakura Corporation in Honolulu. Dr. Rowe is the founder and president of David M. Rowe Risk Advisory, a risk management consulting firm. Prior to forming DMR Risk Advisory, Dr. Rowe was Executive Vice President for Risk Management at SunGard. In that role he provided strategic input to SunGard’s solutions for risk management and served as an external spokesman on risk management issues.
“David Rowe brings a depth and breadth of risk management experience to clients that is unparalleled,” said Kamakura founder and chief executive officer Dr. Donald R. van Deventer. “As Senior Adviser to the management team at Kamakura Corporation, Dr. Rowe will advise us on the strategic directions for Kamakura’s risk management software and risk management information businesses. In addition, Dr. Rowe will be spending a significant amount of time with Kamakura clients around the world on best practice risk management strategies. We are very proud to be working with David.”
“I am delighted to have the opportunity to work with Don van Deventer and his colleagues at Kamakura,” said Dr. Rowe. “The critical importance of information-rich credit risk analysis has been driven home repeatedly in the past four years. Kamakura is a long-established source of market-based credit risk indicators grounded in state-of-the-art theory and empirical research. As such, I believe the firm is ideally positioned to meet growing demand for this type of information and the software tools to leverage it successfully.”
David M. Rowe Risk Advisory is focused on risk management support for boards and senior executives of financial institutions, primarily banks and investment banks, with particular focus on capital market activities. It also advises on risk management technology strategy and vendor relationships. Dr. Rowe is a frequent contributor to Risk magazine, where he has written the monthly Risk Analysis column since late 1999, and has appeared at numerous conferences and seminars over the past 20 years.
Prior to joining SunGard, Dr. Rowe spent more than 25 years in the banking and economic forecasting industries, most recently as senior vice president of the Risk Management Information group at Bank of America in San Francisco. In that role, Dr. Rowe had executive oversight and responsibility for the design, deployment, maintenance and operation of market and credit risk systems for the bank’s global FX, derivative and securities trading activities.
Dr. Rowe’s earlier positions include chief financial officer of Security Pacific Securities, Inc. (the broker-dealer subsidiary of the former Security Pacific Corp.); executive vice president and director of research for Townsend-Greenspan & Co. (Alan Greenspan’s economic consulting firm prior to becoming Chairman of the Federal Reserve) and president of Wharton Econometric Forecasting Associates in Philadelphia.
His industry positions include:
• Board Member of the International Association of Financial Engineers (IAFE)
• Former Board Member of the Professional Risk Managers’ International Association (PRMIA) and current member of its Education Committee
• Current or former editorial board member of The Journal of Operational Risk and the GARP Risk Review
• Co-Chairman of Risk Who’s Who
Dr. Rowe holds a Ph.D. in econometrics and finance from the University of Pennsylvania, an MBA in finance with a concentration in money and banking from the Wharton Graduate School of Finance and Commerce, and a BA in economics with distinction from Carleton College.
