Centre for Risk Studies

Cambridge Centre for Risk Studies 5th Risk Summit

The Pulse of Risk: From Big Data to Business Value

23-24 June 2014

Overview

In June 2014 the Cambridge Centre for Risk Studies brought together leaders and decision makers from businesses, governments, intergovernmental organisations, academia and NGOs to explore salient topics in risk management. The summit was held at the University of Cambridge Judge Business School, followed by a conference dinner at Emmanuel College, Cambridge.

This year's summit theme explored implications of "Big Data" and its opportunities and risks to businesses. The democratisation of information access has provided enormous opportunities for individuals and organisations while creating growing debate on its consequential use. Big data holds potential for research, innovation and productivity, while posing complex questions of ownership, value, aggregation, and the broader benefits to society.

Download the brochure (pdf, 2.45MB)

Back to top


Meeting Programme & Agenda

Day 1: Monday 23 June 2014

09:00-15:00 Special Topics Seminar
15:30-16:00 Risk Summit Registration and Coffee/Tea
16:00-16:15 Risk Summit Welcome
Dr Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
16:15-17:00 Plenary Session 1: Globalisation and Systemic Risk

Keynote: The Butterfly Defect: Why Globalisation Creates Systemic Risks and What Can Be Done
Professor Ian Goldin, Professor of Globalisation and Development at the University of Oxford and Director, Oxford Martin School
17:00-18:00 Risk Summit Day 1 Panel
Moderated by: Dr Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
  • Dr Michael Maran, Chief Science Officer, Catlin Group
  • David Harding, Founder and President, Winton Capital Management
  • Professor Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies, University of Cambridge Judge Business School & Professor of Operations Research
  • Alan Smith, Global Head of Risk Strategy and Chief of Staff, HSBC Holdings
18:00-19:00 Drinks Reception at Cambridge Judge Business School
19:15-21:30 Risk Summit Dinner at Emmanuel College

Day 2: Tuesday 24 June 2014

09:00-09:30 Coffee & Registration
09:30-09:35 Risk Summit Welcome and Introductions
Dr Michelle Tuveson, Executive Director, Cambridge Centre for Risk Studies
09:30-11:00 Plenary Session 2: Enhancing the Understanding of Risk
Chair: Simon Ruffle, Director of Technology Research and Innovation, Cambridge Centre for Risk Studies
09:30-10:00 Innovation for a Secure Future
Dr Ray Johnson, Chief Technology Officer, Lockheed Martin
10:00-10:30 A Diverse Ecosystem of Risk Views: Implications for Risk Management
Paul VanderMarck, Chief Products Officer & Group Executive, Product Management, RMS
10:30-11:00 Global Differences: New Credit-risk Models for the Unbanked
Dr Tobias Baer, Master Expert, Risk Practice, McKinsey & Company
11:00-11:30 Coffee Break
11:30-13:00 Plenary Session 3: Disruptive Changes to the Views of Risk
Chair: Dr Andrew Coburn, Director of the External Advisory Board, Cambridge Centre for Risk Studies and Senior Vice President, RMS
12:00-12:30 Financial Cartography (pdf, 1.83MB)
Dr Kimmo Soramäki, Founder & CEO, Financial Network Analytics
12:30-13:00 Panel Discussion: Big Data Disruptions and the Evidence for Business Value
  • Martin Pergler, Senior Expert, McKinsey & Co
  • Dr Kimmo Soramäki, Founder & CEO, Financial Network Analytics
  • Dr Louise Pryor, Risk Researcher, Cambridge Centre for Risk Studies
  • Juan Carlos Castilla-Rubio, Founding CEO, Planetary Skin Institute
McKinsey Risk Prize Announcement
Dr Sven Heiligtag, Principal, McKinsey & Company
13:00-14:00 Lunch at Cambridge Judge Business School
14:00-15:00 Plenary Session 4: Taking the Pulse of Risk
Chair: Andrew Freeman, Director, The Finance Foundation
14:00-14:30 Energy Economic Forecast (pdf, 1.4MB)
Paul Appleby, Head of Energy Economics, Group Economics Team, BP
14:30-15:00 Risk & Responsibility in a Hyperconnected World
Joseph Hubback, Associate Principal, McKinsey & Company
15:00-16:00 The "Big" Debate
Debate motion: This house believes that "big data" is the new currency and holds societal benefits. Following the "Oxford-style" of debate, the value of "big data" will be debated. The debate format will feature motions in support or in opposition of the house motion. Attendees will participate in a pre-debate vote on the motion. Each panellist will present an opening statement followed by questions from the audience. In conclusion, each panellist will deliver a closing argument, and the meeting participants will provide a final vote.

Chair: Andrew Freeman, Director, The Finance Foundation
For the Debate Motion:
  • John Scott, Chief Risk Officer, Zurich Global Corporate
  • Richard Ward, Government Relations, IBM Europe
Against the Debate Motion:
  • Professor Zoubin Ghahramani, Professor of Information Engineering, University of Cambridge
  • Dr David Good, Fellow, King's College, Cambridge
16:00-16:15 Summary & Conclusions
Professor Daniel Ralph, Academic Director, Cambridge Centre for Risk Studies, University of Cambridge Judge Business School & Professor of Operations Research

Note: Programme subject to change

Back to top


Speakers

Paul Appleby

Paul Appleby

Head of Energy Economics, BP Group Economics Team

Speaker bio

Paul Appleby leads the analysis of long term energy market developments for BP. His career at BP spans 29 years, and includes a variety of roles in BP's gas and alternative energy businesses. Most recently he was the custodian of the investment appraisal process for BP's gas, power and renewables businesses worldwide.

He received his theoretical training in economics at the University of Cambridge (MA and MPhil), and served a practical apprenticeship as a Fellow of the Overseas Development Institute, posted to Malawi. He is an associate lecturer in energy economics at the University of Surrey, and a member of the Council of the British Institute of Energy Economics.

Work experience:

  • Head of Energy Economics, 2009-
  • Head of Global Gas Market Analysis, 2008-2009
  • Senior Advisor, Investment Appraisal, 2004-2007
  • Senior Strategy Advisor, Gas Power & Renewables, 2001-2004
  • Commercial Manager, UK Gas & Power, 1999-2002
  • Director, Strategy & Planning, BP Solar, 1998-1999
  • Senior Economist, Group Economics Team, 1992-1998
  • Market Analysis Team Leader, European Gas, 1989-1992
  • Senior Economist, BP Australia, 1987-1989
  • Economist, BP Group Corporate Planning, 1984-1986
  • Planning Economist, Government of Malawi, 1981-1983
    (Fellow of the Overseas Development Institute)
Downloadable resources:
Slides
Dr Tobias Baer

Dr Tobias Baer

Master Expert, McKinsey & Company's Risk Management Practice

Watch the video

Speaker bio

Tobias is a Master Expert of McKinsey & Company's Risk Management Practice and Leader of the company's Credit Risk Advanced Analytics Service Line as well as the Risk Modeling Center in India. He serves clients globally, including leading financial institutions in Europe, North America, and Australia, and fast-growing organisations in Asia, Latin America, Eastern Europe and Africa, focusing on innovation in risk modelling, non-traditional and big data, analytics-enabled business transformations, and the creation of new lending businesses. Tobias holds a PhD from the University of Frankfurt and drives research & development in rating methodology, decision systems, and economic capital.

Downloadable resources:
Juan Carlos Castilla-Rubio

Juan Carlos Castilla-Rubio

Founding CEO, Planetary Skin Institute

Watch the video

Speaker bio

Founding CEO of the Planetary Skin Institute, an independent research & development US corporation co-founded between Cisco and NASA tasked to incubate and start-up advanced risk management decision-support platforms that enable governments, industrial corporations, infrastructure players, utilities, resource commodity operators and financial market players for a step change in the proactive risk management of their mission critical assets, their natural resources supplies, their infrastructures and their supply chains. PSI was awarded one of TIME Magazine's Top Innovation Awards for 2009 and has been profiled in The Economist, the New York Times and Fast Company, amongst others.

Prior to his PSI role, Juan Carlos led the Cisco Global Resource/Risk Management Innovations team with global responsibility for programs incubating Big Data & Analytics, Internet of Things and cloud-based risk management platforms across multiple industries and sectors globally. Before that, he led Cisco's Emerging Markets Innovation Group focused on designing and operationalising large scale/complex technology-enabled innovation programs for governments and corporations emerging markets wide, with a focus in Brazil, Chile, India, South Africa, Mexico, South Africa, Gulf States, Turkey and China.

Prior to joining Cisco, Juan Carlos was a Partner for Oliver Wyman where he led the financial services and telecom practices in Latin America. Prior to Oliver Wyman, he was CEO for an innovative biotechnology start-up focused on next generation bio-fuel technologies and pharma research in the Amazon, an EVP Operations for a brewery group in Latin America (now SABMiller), a Managing Director for Corporate Strategic Development of a diversified financial services group in Latin America (Intercorp Group) and a senior consultant for McKinsey & Company in Brazil.

Juan Carlos is currently the Co-Chair of the World Economic Forum's Global Advisory Council on Measuring Sustainability and was a member of the World Economic Forum's Global Advisory Council on Climate Change; member of Duke Energy's International Strategy Advisory Council, a member of the World Economic Forum's Steering Boards for the Water Security, Resource Scarcity, New Energy Architecture and Big Data initiatives.

Dr Andrew Coburn

Dr Andrew Coburn

Director of External Advisory Board, Centre for Risk Studies

Watch the video

Speaker bio

Andrew Coburn manages the External Advisory Board of the Centre for Risk Studies, coordinating the inputs of consumers of research into the Centre's risk agenda. Andrew is the principal coordinator of the research programme on 'System Shock' at the Centre.

Andrew is one of the leading contributors to the creation of the class of catastrophe models that over the past 20 years has come to be an accepted part both of business management in financial services and of public policy making for societal risk. He has extensive experience in developing models and using them for business decision support. Andrew has also provided research inputs into government policy, such as House of Congress legislation on terrorism risk management policy and urban planning for disaster mitigation in Mexico, Metro Manila, and Southern Italy.

Dr Andrew Coburn is a member of the senior management of Risk Management Solutions, the leading provider of catastrophe risk models to the insurance industry.

Andrew Freeman

Andrew Freeman

Risk Fellow, Centre for Risk Studies

Watch the video

Speaker bio

Andrew Freeman is the Founder and Managing Director of Cambridge Research Associates, a research and advisory company that specialises in risk-related work for global clients. Over a 25-year career he has written numerous articles and books, first as a journalist on The Economist and latterly in his role as a Senior Knowledge Expert in Risk at McKinsey. Between 2009 and 2011 he was Executive Director of the Center for Financial Services at Deloitte LLP, overseeing its research programme on the financial services industry. In 1998 he published "Seeing tomorrow: rewriting the rules of risk", co-authored with Ron Dembo, founder of Algorithmics.

Andrew is a graduate of Balliol College, Oxford and was also elected a Domus Senior Scholar at Merton College, Oxford.

Professor Zoubin Ghahramani

Professor Zoubin Ghahramani

Professor of Information Engineering, University of Cambridge

Speaker bio

Zoubin Ghahramani is Professor of Information Engineering at the University of Cambridge, where he leads a group of about 30 researchers. He studied computer science and cognitive science at the University of Pennsylvania, obtained his PhD from MIT in 1995, and was a postdoctoral fellow at the University of Toronto. His academic career includes concurrent appointments as one of the founding members of the Gatsby Computational Neuroscience Unit in London, and as a faculty member of CMU's Machine Learning Department for over 10 years. His current research focuses on nonparametric Bayesian modelling and statistical machine learning. He has also worked on applications to bioinformatics, econometrics, and a variety of large-scale data modelling problems.

Professor Ghahramani has published over 200 papers, receiving 25,000 citations (an h-index of 68). His work has been funded by grants and donations from EPSRC, DARPA, Microsoft, Google, Infosys, Facebook, Amazon, FX Concepts and a number of other industrial partners. In 2013, he received a $750,000 Google Award for research on building the Automatic Statistician. He serves on the advisory boards of Opera Solutions and Microsoft Research Cambridge, on the Steering Committee of the Cambridge Big Data Initiative, and in a number of leadership roles as programme and general chair of the leading international conferences in machine learning: AISTATS (2005), ICML (2007, 2011), and NIPS (2013, 2014). Visit the Machine Learning Group website to find out more »

Professor Ian Goldin

Professor Ian Goldin

Director, Oxford Martin School, University of Oxford

Watch the video

Speaker bio

Professor Ian Goldin is the founding Director of the Oxford Martin School at the University of Oxford and the Oxford University Professor of Globalisation and Development. The Oxford Martin School is the leading centre of interdisciplinary research on key global challenges with over 300 Oxford researchers drawn from over 20 disciplines.

Goldin was until 2006 Vice President of the World Bank and the Bank's Director of Policy. From 1996 to 2001 Ian was Chief Executive and Managing Director of the Development Bank of Southern Africa and adviser to President Nelson Mandela. During this period, Goldin accompanied President Mandela on numerous state visits, served on several Government committees and Boards and was Finance Director for South Africa's Olympic Bid.

Previously, Goldin was Principal Economist at the European Bank for Reconstruction and Development (EBRD) in London, and Program Director at the OECD Development Centre in Paris, where he directed the Programs on Trade, Environment and Sustainable Development.

Born in South Africa, Goldin has a BA (Hons) and a BSc from the University of Cape Town, an MSc from the London School of Economics, and a MA and Doctorate from the University of Oxford.

He has published 17 books, the most recent of which are Divided Nations: Why Global Governance is Failing, and What We Can Do About It (Oxford University Press, 2013), Globalisation for Development: Meeting New Challenges (Oxford University Press, 2012), described by Nobel Laureate Joseph Stiglitz as "essential reading" and his widely acclaimed Exceptional People: How Migration Shaped our World and Will Define our Future (Princeton University Press, 2011). His forthcoming books The Butterfly Defect: How Globalization Creates Systemic Risks and What Can Be Done (Princeton University Press) and Is the Planet Full? (Oxford University Press) are currently in press for publication in spring 2014.

Professor Goldin has made wide-ranging contributions to development, for which he has been knighted by the French Government and nominated Global Leader of Tomorrow by the World Economic Forum. He is a Trustee of Comic Relief, the Overseas Development Institute and other institutions. He is highly sought-after as an advisor and public speaker with his TED and other talks receiving widespread recognition.

Dr David Good

Dr David Good

Director of Education for the School of Biological Sciences and Fellow of King's College, University of Cambridge

Watch the video

Speaker bio

David Good is in the Department of Psychology at the University of Cambridge, and Director of Education for the School of Biological Sciences. He is also a Fellow of King's College. His research focusses on the application of a broad range of psychological theories and methods in a number of different areas. These include:

  • the design of new technologies on which he collaborates with Alan Blackwell of the Computer Laboratory through the Crucible Network which they founded in late 2000
  • the assessment of various professional skills and competencies with Fiona Patterson and Peter Kutnick
  • the structure of belief systems and their moderation with Sara Savage

He also works closely with the Centre for Science and Policy in Cambridge on the application of fundmental research to current policy challenges. He is a member of the University of Cambridge's senior governing bodies, and plays a similar role at the Royal College of Art.

David Harding

David Harding

Chairman & CEO, Winton Capital Management

Watch the video

Speaker bio

David Harding is the chairman and chief executive officer of Winton Capital Management, a successful global investment manager, an entrepreneur and an advocate for science education and physics research.

Since graduating from the University of Cambridge with a First Class Honours degree in Natural Sciences specialising in Theoretical Physics in 1982, Mr Harding has started two of the world's leading alternative investment companies. Winton, which he founded in 1997, is a global leader in financial mathematics and scientific research into financial markets and one of the UK's most successful private companies, currently managing assets in excess of $24 billion. In 1987 Mr Harding co-founded Adam Harding and Lueck (AHL), one of the first systematic trend-following CTAs in Europe, which was subsequently bought by the Man Group and remains one of the cornerstones of the FTSE-listed company.

David has made philanthropic donations to causes related to the furthering of science, risk literacy and education in the UK and is an Honorary Fellow of St Catharine's College, Cambridge. In November 2010 he pledged £20 million to the University of Cambridge's Cavendish Laboratory to fund the Winton Programme for the Physics of Sustainability which funds blue sky research in branches of condensed matter physics of relevance to energy capture and storage.

David has also endowed the Winton Professorship for the Public Understanding of Risk at the University of Cambridge, and the Harding Centre for Risk Literacy at the Max Planck Institute for Human Development in Berlin.

David was a member of the University of Cambridge's 800th Anniversary Campaign Board, and is currently a member of the Royal Society Advisory Board and the Create the Change Campaign Board, raising money for the Francis Crick Institute. He is also a member of the Board and Executive Committee of the Managed Funds Association.

Dr Sven Heiligtag

Dr Sven Heiligtag

Principal, McKinsey & Company

Speaker bio

Sven Heiligtag is a principal in McKinsey's Risk practice and the global leader of the Firm's Corporate Risk Service Line. Since joining the Firm's Hamburg office in 2001, Sven has worked for clients in over 20 countries. Sven works primarily with clients from the energy and natural resources space and focuses strategic risk/return management and market and commercial risk, e.g., strategic portfolio management, scenario-based decision making, establishing trading and risk management strategies, organisational processes and governance mechanism. Sven is leading our corporate enterprise risk management survey as well as our commercial performance survey focus on trading and risk management approaches for market related risks. Next to his risk work, Sven is serving a variety of clients from the energy and natural resources space across the board on strategic, organisation, efficiency, corporate finance and leadership topics. Prior to joining McKinsey, Sven completed a PhD in chemistry at the University of Hamburg.

Joseph Hubback

Joseph Hubback

Associate Principal, McKinsey & Company

Watch the video

Speaker bio

Joseph has been working in the cyber security practice in EMEA since its inception and has contributed extensively to McKinsey's knowledge development and client service in cyber security. Building on experience serving cyber security clients and his own prior knowledge, Joseph has helped developed McKinsey's unique insights into cyber security management and risk reduction. With a strong background in high-tech and telecom clients and 10 years working in industry Joseph is able to help clients bridge the gap between technology and business leadership.

Joseph has served many clients helping develop cyber-security self-protection and market entry strategies across:

  • High-tech (supporting clients (HW, SW and services) on delivering double digit growth in EMEA)
  • Financial services (rebuilding the cyber security strategy of a global institution to focus on assets at risk)
  • Aerospace and defence (supporting the development of a global cyber product strategy), including assessment of physical security markets
  • Public sector (including secure government, assisting a large government ministry to create and implement a cyber-security strategy, from corporate down to consumer grade security solutions)

Joseph created the McKinsey cross-industry benchmark for cyber-risk maturity, working with 20 global leading organisations to help define best-practice in cyber-security and build more cost-efficient strategies for protection, now used in more than 100 organisations globally. His publications include an Aspen Institute paper on national cyber security policy, McKinsey Quarterly on Government – IT Edition: "Can you hack it?" - Managing the cyber security challenge, McKinsey TMT Recall: Cyber safe: key elements to prevent and respond to security threats.

Joseph holds a Masters in Digital Communications and High Frequency Electronics Engineering from Oxford University. Prior to McKinsey, Joseph worked for ICI Plc in a variety of engineering, operational and commercial roles.

Dr Ray O. Johnson

Dr Ray O. Johnson

Senior Vice President and Chief Technology Officer, Lockheed Martin Corporation

Watch the video

Speaker bio

Dr Ray O. Johnson is Senior Vice President and Chief Technology Officer of Lockheed Martin. In this role, he guides the Corporation's technology vision, and provides strategic leadership in the areas of technology, engineering, production, supply chain operations, and programme management, which include more than 72,000 employees across approximately 4,000 programmes worldwide.

Dr Johnson also leads Lockheed Martin's Advanced Technology Laboratories, chartered with creating generation-after-next technology, as well as the Center for Innovation, a world-class facility for collaborative experimentation and analysis with customers and industry partners.

Before joining Lockheed Martin, he was the Chief Operating Officer of Modern Technology Solutions, Inc., of Alexandria, Virginia. Prior to that, he held a variety of increasingly responsible executive positions with Science Applications International Corporation (SAIC), including Senior Vice President and General Manager of the Advanced Concepts Business Unit. He also served in the US Air Force for more than 20 years.

Among his board affiliations, Dr Johnson chairs the USA Science and Engineering Festival Advisory Board, the US Council on Competitiveness Technology Leadership and Strategy Initiative, and is a Bureau Elected Officer of the International Astronautical Federation (IAF). He is a member of the Board of Directors for Sandia Corporation, the Governing Board of the Indo- US Science and Technology Forum, the Board of Directors of the American Associates of the Science and Technology in Society (STS) Forum, and the Board of Directors of the National Math and Science Initiative.

Dr Johnson is a member of the Advisory Board of the Georgia Institute of Technology, the Board of Visitors for the A. James Clark School of Engineering and the School of Computing, Mathematics, and Natural Sciences at the University of Maryland, the Dean's Advisory Council for the College of Engineering at Carnegie Mellon University, and the Governing Board of the Massachusetts Institute of Technology Energy Initiative.

He is a Full Academician of the International Academy of Astronautics (IAA), as well as a Fellow of the International Society for Optical Engineering (SPIE), the American Institute of Aeronautics and Astronautics (AIAA), and the Institute of Electrical and Electronics Engineers (IEEE).

Born in Kansas City, Missouri, Dr Johnson earned his Bachelor of Science degree in electrical engineering from Oklahoma State University and his Master of Science and PhD degrees in electrical engineering from the Air Force Institute of Technology.

Dr Michael Maran

Dr Michael Maran

Chief Science Officer, Catlin Group

Speaker bio

Michael Maran graduated from St Catharine's College, Cambridge in 1983 with a bachelor's degree in Natural Sciences (having studied the biological and geological sciences) and subsequently a master's degree and PhD in Astrophysics from Queen Mary College, University of London. He is an ACII qualified Chartered Insurer with 30 years of experience in the insurance industry, and a Fellow of the Royal Astronomical Society. Mike joined the Catlin Group in 2002 and spent 10 years as Underwriter for the Space account. In 2012, he was appointed as the Catlin Group's Chief Science Officer, and is also chairman of the Group's Emerging Risks Committee.

In this new role, Mike will work with Catlin underwriters, risk modellers, actuaries and other employees to improve Catlin's risk assessment capabilities by reviewing the scientific aspects of risks. He will also identify new underwriting opportunities for Catlin created by scientific progress, and he will serve as an advisor for various Catlin activities that are related to science, such as the current Catlin Seaview Survey.

Martin Pergler

Martin Pergler

Senior Expert, McKinsey & Co

Watch the video

Speaker bio

Martin Pergler is a senior expert in McKinsey's Risk practice and a global leader of the firm's ERM and Risk analytics service lines. Since joining the firm's Chicago office in 2000, Mr Pergler has worked for clients in over 30 countries. He is currently based in the Montréal office. Mr Pergler works primarily with clients outside the financial sector, e.g. industrials, natural resources firms, and conglomerates. Mr Pergler also focuses on incorporating risk in strategic decisionmaking, for instance in project/portfolio decisions and strategic planning under uncertainty. Mr Pergler is one of the authors of McKinsey's overall ERM framework and diagnostic toolkit and is a lead faculty member for McKinsey's consultant and client training on risk. He also co-manages our risk analytics team in India. He presents frequently at external conferences such as GARP, AFP, and RealOptions.org. He has published articles in Toronto's Globe and Mail, Forbes.com, The Conference Board's Director Notes, the China Daily Business News, as well as the McKinsey Quarterly and McKinsey on Finance. Prior to joining McKinsey, Mr Pergler completed a PhD in mathematics at the University of Chicago.

Louise Pryor

Dr Louise Pryor

Risk Researcher, Cambridge Centre for Risk Studies

Speaker bio

Louise Pryor is a Risk Researcher at the Centre for Risk Studies. Louise Pryor's career has covered software, financial modelling, academia and financial regulation in a variety of roles. She has worked in the insurance industry as an actuary and software risk consultant, specialising in risk management, modelling and systems and controls. More recently she was Director, Actuarial Standards at the Financial Reporting Council, where she led the development of technical Actuarial Standards and was a member of the Board for Actuarial Standards. She is also an experienced software developer and development manager, and has a PhD in Computer Science. The common theme throughout her work is risk and uncertainty. She has been involved in the management of risk at all levels: operationally, in project management; conceptually, reasoning about and modelling risks in workflow management and financial services; and strategically, considering the pros and cons of policy initiatives.

Professor Daniel Ralph

Professor Daniel Ralph

Director, Centre for Risk Studies

Watch the video

Speaker bio

Professor Danny Ralph is a Founder and Director of the Centre for Risk Studies, Professor of Operations Research at Cambridge Judge Business School, and a Fellow of Churchill College.

Danny received his PhD in 1990 from the University of Wisconsin Madison. He was a faculty member of the Mathematics & Statistics Department at the University of Melbourne before coming to the University of Cambridge for a joint appointment in the Engineering Department and Cambridge Judge Business School.

Danny's research interests include optimisation methods, equilibrium models for electricity markets, and risk in business decision making. He is Editor-in-Chief of Mathematical Programming (Series B).

Simon Ruffle

Simon Ruffle

Director of Technology Research & Innovation, Centre for Risk Studies

Watch the video

Speaker bio

Simon's main activity in the Centre focusses on the Cambridge Risk Framework research programme where he is leading the development of open source technology to support research into how complex global socio economic networks behave under extreme systemic macro shock conditions.

He is leading the development of the Substrate Data project - closely coupled to the framework - a set of business and economic networked data sets that provide an underpinning for the modelling and analysis of value flows and contagion.

In addition, he is leading the Cyber Threat research track.

Originally studying architecture at Cambridge, Simon has spent most of his career in industry, developing software for natural hazards risk. He has worked on risk pricing for primary insurers, catastrophe modelling for reinsurers, and has been involved in placing catastrophe bonds in the capital markets. He has many years of experience in software development, relational databases and geospatial analysis and has worked in a variety of organisations from start-ups to multinationals.

John Scott

John Scott

Chief Risk Officer, Zurich Global Corporate, Zurich Insurance Group

Watch the video

Speaker bio

John Scott is Chief Risk Officer for Zurich Global Corporate. He joined Zurich in 2001 becoming Head of Risk Insight in 2007 and took on his current role in 2009. John leads the global, regional and local implementation of the Group's enterprise risk management strategy across Global Corporate. A graduate of Oxford University, with a PhD in geology, John's early career was in the upstream oil and gas industry, where he gained wide-ranging international experience with BP. In 1995 he gained his MBA at Cranfield and joined BOC, as a key member of the Group Strategy & Planning team, and then later became General Manager of BOC's Edwards business division. John is a member of the Institute of Directors in the UK and currently chairs the CCSA (Carbon Capture and Storage Association) group on risk.

Alan Smith

Alan Smith

Global Head of Risk Strategy and Chief of Staff, Global Risk, HSBC

Watch the video

Speaker bio

Alan Smith is Chief of Staff and Global Head of Risk Strategy within the Global Risk function at HSBC where he is responsible for overseeing the Risk Appetite, Risk Governance, Risk Measurement, Scenario Stress Testing and Pension Risk infrastructures for the Group, leading a global team of 300 staff. Alan is a member of the Global Risk Management Board which oversees the running of the Risk function of 30,000 plus people across the globe. Alan has worked with HSBC for 17 years in a variety of senior finance, risk and capital management roles in the Group Management Office, in London and the Middle East. Prior to his current role, Alan was Group Head of Economic Capital from 2005 to 2007, and before that Head of Global Finance for HSBC's Corporate Investment Banking and Markets Division, where he was a member of its ALM and Operational Risk Management Committees. Alan worked with KPMG London from 1987 to 1994, latterly within its Financial Sector Advisory practice, advising global financial institutions on capital, risk and accounting. Alan started his career with PwC in Barbados.

Alan is a Fellow of the Institute of Chartered Accountants of England and Wales and has an MBA in Finance from Cass Business School, City University in London which he attended as a Commonwealth Scholarship winner. He completed his undergraduate degree at the University of the West Indies in Jamaica.

Outside of work, Alan has a keen interest in cricket, (representing Barbados at the Junior National level), theatre and travel. He is also actively involved in a number of faith based charities which focus on social engagement and development, and is an advisor to the boards of trustees of a range of charities.

Dr Kimmo Soramäki

Dr Kimmo Soramäki

Founder & CEO, Financial Network Analytics

Watch the video

Speaker bio

Kimmo Soramäki is the Founder and CEO of Financial Network Analytics, a software platform that helps regulators and financial institutions gain insights from complex financial data through network analysis and visualisation. During the last 17 years he has worked in both public policy and advisory roles, and carried out multidisciplinary research at several central banks - including the European Central Bank and the Federal Reserve Bank of New York. He has published in major academic journals in the areas of statistical mechanics, economics and operations research and is a frequent speaker at industry and academic conferences. Kimmo holds a Doctor of Science in Operations Research and a Master of Science in Economics.

Downloadable resources:
Slides
Dr Michelle Tuveson

Dr Michelle Tuveson

Executive Director, Centre for Risk Studies

Watch the video

Speaker bio

Michelle Tuveson is a Founder and Executive Director at the Cambridge Centre for Risk Studies hosted at the University of Cambridge Judge Business School. Her responsibilities include the overall executive leadership at the Centre. This includes developing partnership relationships with corporations, governments, and other academic centres. Michelle leads the Cambridge CRO Council and she chairs the organising committee for the Cambridge Risk Centre's Annual Risk Summits. She is one of the lead organisers of the Aspen Crisis and Risk Forum. She is an advisor to a number of corporations and boards as well as a frequent conference speaker.

Dr Tuveson has worked in corporations within the technology sector for the majority of her career, with her most recent position in the Emerging Markets Group at Lockheed Martin. Prior to that, she held positions with management strategy firm Booz Allen & Hamilton, and US R&D organisation MITRE Corporation. She is involved in risk governance research associated with the role of the Chief Risk Officer and hosts roundtable topic discussions. She was awarded by the Career Communications Group, Inc. as a Technology Star for Women in Science, Technology, Engineering and Maths (STEM). She has degrees from the Massachusetts Institute of Technology, Johns Hopkins University, and the University of Cambridge. She is a member of Christ's College Cambridge.

Paul VanderMarck

Paul VanderMarck

Chief Products Officer, RMS

Watch the video

Speaker bio

Paul VanderMarck is chief products officer of RMS. In this role, he has overall responsibility for developing the RMS(one) ecosystem. Since joining RMS in 1992, he has played a central role both in the development of RMS's global catastrophe modeling capabilities as well as in advancing the state of practice for using modelling to manage catastrophe risk. In 2003, Paul was recognized by the Earthquake Engineering Research Institute for his contributions to the field of earthquake risk mitigation and management with the Shah Family Innovation Award, and he serves as chairman of the board for Build Change, a non-profit organisation dedicated to reducing deaths, injuries, and economic losses caused by housing collapses due to earthquakes in developing countries. Paul holds a BS in civil engineering and an MS in structural and earthquake engineering, both from Stanford University.

Richard Ward

Richard Ward

Director of Government Relations, IBM United Kingdom

Speaker bio

Richard Ward, is Director of Government Relations at IBM United Kingdom. He is also Industry Chair of the Data Protection working group for techUK and for the Data Protection Group of the Digital Policy Alliance.

Richard is responsible for IBM's government affairs programmes for the United Kingdom. Based on London, he has responsibility for the relationship with the UK Government, dealing with policy issues affecting IBM and broader UK business.

He has spent the majority of his career in IBM in a variety of technical, sales and management roles as well as a period in government in the UK as an advisor on regulatory policy. Richard has a particular interest in data protection and cyber security and on the impact of regulation on innovation. He holds a degree in Physics from the University of Leeds.

Back to top


Photo Gallery

5th Risk Summit - The Pulse of Risk: From Big Data to Business Value

The Pulse of Risk: From Big Data to Business Value

Photos from the 5th Risk Summit, held at Cambridge Judge Business School on 23-24 June 2014, are available via Flickr.

Associated links:

Back to top


Meeting Partners

Meeting Partners logos

Back to top


Accommodation

To book your accommodation, please contact the hotel directly. Any agreement for accommodation is between you and the hotel. Please check the hotel's terms and conditions of booking, particularly cancellation policy, before booking.

  • University Arms Hotel
    £135 per night bed & breakfast (quote code judg230614; reduced rate available until 26 May)
    Tel: +44 (0)871 222 4689
  • Cambridge City Hotel
    £142 per night bed & breakfast (quote code RAC220614 for special delegate rate; only a limited number of rooms are available at this rate; the reduced rate is available until 5 June)
  • Regent Hotel
    £117 (standard double) / £108 (small double) per night bed & breakfast
    Tel: +44 (0)1223 351470
  • Hotel du Vin
    Tel: +44 (0)844 736 4253
  • Doubletree by Hilton Hotel
    Tel: +44 (0)1223 259988
  • University Rooms Cambridge
    Accommodation available in selected Cambridge Colleges

Travel & Transport

Directions to Cambridge Judge Business School

Back to top


For Further Conference Information

Camilla Burgess, Events & Operations Manager
Cambridge Centre for Risk Studies
University of Cambridge Judge Business School
Email: enquiries.risk@jbs.cam.ac.uk
Tel: +44 (0)1223 768386

© Cambridge Judge Business School, Trumpington Street, Cambridge, CB2 1AG, UK
Tel +44 (0)1223 339700