Title

Senior Director, Academics and Professor of the Practice of Finance in the Brandeis International Business School

Degree

Ph.D., Massachusetts Institute of Technology

Field of Specialty

Financial derivatives modeling, pricing and hedging applications. Quantitative finance and financial risk management.

Contact Information

Lemberg Academic Center 253
781-736-5204
rreitano@brandeis.edu

Personal Web Page

Robert R. Reitano

Robert R. Reitano is Senior Director, Academics, and Professor of the Practice in Finance at the International Business School, Brandeis University, where he specializes in Risk Management and Quantitative Finance, and is Principal of Strategic Investment Risk Management, a consulting practice specializing in the development and implementation of strategic investment responses to asset/liability risk management objectives. He has also taught as Visiting Professor at Reykjavik University School of Business and as Adjunct Professor in Boston University's Masters Degree program in Mathematical Finance.

Dr. Reitano was Chief Investment Officer of Controlled Risk Insurance Company (CRICO), and previously had a 29 year career at John Hancock/Manulife in asset/liability risk management and investment strategy. He advanced to Executive Vice President & Chief Investment Strategist where he was responsible for developing investment and risk management strategies for all John Hancock insurance, annuity, pension and investment products, and for managing the 50+ staff of the Global Investment Strategy Group with teams in Boston and Toronto. At John Hancock/Manulife, he served as Chairman of the investment committees responsible for the Company's Pension Plans and 401(k) Plans, and for the investment manager oversight committee of the John Hancock Variable Series Trust. He also served on several Company Boards and as the Company's Derivatives Supervisory Officer under the New York approved Derivative Use Plan.

His research papers have appeared in a number of journals and have won an Annual Prize of the Society of Actuaries and two biennial F.M. Redington Prizes awarded by the Investment Section of the Society of the Actuaries. His book, “Introduction to Quantitative Finance: A Math Tool Kit,” was published by The MIT Press in January, 2010, and published in Chinese by Truth & Wisdom Press in March, 2015. He is currently writing an advanced follow-on book, “Foundations of Quantitative Finance.”

Dr. Reitano has been a member of several industry task forces and committees and has been a frequent speaker on risk management and quantitative finance topics at industry forums and events globally. He is Vice Chair of the Board of Directors of the Professional Risk Managers International Association (PRMIA), the Committee on Financial Research of the Society of Actuaries, and a number of not-for-profit boards and investment committees. He provides editorial support for finance and actuarial journals and University presses.

Dr. Reitano has a Ph.D. in Mathematics from Massachusetts Institute of Technology.

Publications

Reitano, Robert R.. Introduction to Quantitative Finance: A Math Tool Kit (Chinese Edition). First ed. Shanghai, China: Truth & Wisdom Press, 2015.

Reitano, Robert R.. "Risk Management of Long Liabilities in Insurance and Pensions." Industrial-Academic Forum on Financial Engineering and Insurance Mathematics. Fields Institute, Toronto, Canada. June 21, 2010.

Reitano, Robert R.. Instructor's Manual to Accompany Introduction to Quantitative Finance: A Math Tool Kit. First ed. Cambridge, MA: The MIT Press, 2010.

Reitano, Robert R.. Introduction to Quantitative Finance: A Math Tool Kit. First ed. Cambridge, MA: The MIT Press, 2010.

Reitano, Robert R.. Student Solutions Manual to Accompany Introduction to Quantitative Finance: A Math Tool Kit. First ed. Cambridge, MA: The MIT Press, 2010.

Reitano, Robert R.. "Yield Curve Risk Management." Handbook Of Finance. First ed. vol. Valuation, Financial Modeling, and Quantitative Tools; Ed. Frank J. Fabozzi. Hoboken, NJ: John Wiley & Sons, Inc., 2009. pp 215-232.

Reitano, Robert R. (Technical Advisor)/PRMIA Staff. "Enterprise Risk Management (ERM): A Status Check on Global Best Practices". Wilmington, DE Professional Risk Managers International Association (PRMIA): 2008.

Gilbert, Charles L., Ravindran, K., Reitano, Robert R.,. "Results of the Survey on Variable Annuity Hedging Programs for Life Insurance Companies." (2007): <http://www.soa.org/files/pdf/va%20hedging%20final%2007.pdf>.

Reitano, Robert R.. "Two Paradigms for the Market Value of Liabilities." North American Actuarial Journal Volume 1. Number 4 (1997): 104-122.

Reitano, Robert R.. "Non-Parallel Yield Curve Shifts and Stochastic Immunization." Journal of Portfolio Management Volume 22. Number 2 (1996): 71-78.

Reitano, Robert R.. "Multivariate Stochastic Immunization Theory." Transactions of the Society of Actuaries XLV. (1994): 425-461.

Reitano, Robert R.. "Non-Parallel Yield Curve Shifts and Convexity." Transactions of the Society of Actuaries XLIV. (1993): 479-499.

Reitano, Robert R.. "Non-Parallel Yield Curve Shifts and Immunization." Journal of Portfolio Management Volume 18. Number 3 (1992): 36-43.

Reitano, Robert R.. "Multivariate Duration Analysis." Transactions of the Society of Actuaries XLIII. (1991): 335-376.

Reitano, Robert R.. "Multivariate Immunization Theory." Transactions of the Society of Actuaries XLIII. (1991): 393-428.

Reitano, Robert R.. "Non-Parallel Yield Curve Shifts and Spread Leverage." Journal of Portfolio Management Volume 17. Number 3 (1991): 82-87.

Reitano, Robert R.. "A Statistical Analysis of Banded Data with Applications." Transactions of the Society of Actuaries XLII. (1990): 375-404.

Reitano, Robert R.. "Non-Parallel Yield Curve Shifts and Durational Leverage." Journal of Portfolio Management Volume 16. Number 4 (1990): 62-67.

Reitano, Robert R.. "Mortality Cost Valuation of Underwriting Requirements." Transactions of the Society of Actuaries XXXIV. (1982): 277-322.

Courses Taught

FIN 270a Options and Derivatives
FIN 271a Options & Derivatives II
FIN 279a Applied Risk Management
FIN 280a Financial Risk Management