Faculty Guide

Title

Professor of the Practice in Finance

International Business School

Expertise

Enterprise risk management. Financial derivatives pricing and hedging applications. Quantitative finance.

Profile

Formerly Executive Vice President & Chief Investment Strategist of John Hancock/Manulife, where he was responsible for the Company's General Account Portfolios, Dr. Reitano managed the Global Investment Strategy Group of 50 investment research officers, investment and financial analysts and support staff organized into 7 teams in Boston and Toronto.
Dr. Reitano was board member and Chairman of the Committees of Finance for John Hancock Variable Life Insurance Company and Investors Partner Life Insurance Company, Chairman of the investment oversight committees responsible for the Company's Pension Plans, 401(k) plans, and Variable Series Trust, board member of other John Hancock subsidiaries, and served as the Company's Derivatives Supervisory Officer.
A frequent industry speaker and teacher, his research papers have appeared in the Journal of Portfolio Management, the North American Actuarial Journal, the Transactions of the Society of Actuaries and the Actuarial Research Clearing House. His research has 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 MIT Press in January, 2010.
Dr. Reitano has a Ph.D. in Mathematics from M.I.T., is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, a Chartered Enterprise Risk Analyst, and a member of the International Actuarial Association. He has served on the Editorial staff and provides editorial support for several finance and actuarial journals, and serves on the Committee on Financial Research of the Society of Actuaries, and on the Boston Chapter Steering Committee of the Professional Risk Managers International Association. He has been Visiting Professor in the MSIM Program at Reykjavik University Business School, and taught in the Mathematical Finance program at Boston University.

Awards and Honors

Chartered Enterprise Risk Analyst (CERA) credential awarded by the Society of Actuaries as recognition as a "Thought Leader" in the field. (2008)

Excellence in Teaching Award for Full Time Faculty: 2006-2007, International Business School. (2007)

Investment Section of the Society of Actuaries1994-95 F.M. Redington Prize for "Multivariate Stochastic Immunization Theory", Transactions of the Society of Actuaries, XLV, 1994. (1996)

Investment Section of the Society of Actuaries1991-93 F.M. Redington Prize for "Multivariate Duration Analysis", TSA, XLIII, 1991. (1994)

Society of Actuaries1991 Annual Prize for "Multivariate Duration Analysis", TSA, XLIII, 1991. (1992)

Courses Taught

FIN	258a	Introduction to Quantitative Finance
FIN	270a	Options and Derivatives
FIN	271a	Options & Derivatives II
FIN	279a	Applied Risk Management
FIN	280a	Financial Risk Management

Scholarship

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.