The International Association for Quantitative Finance (IAQF), formerly the International Association of Financial Engineers (IAFE), is a non-profit professional society dedicated to fostering the fields of

quantitative finance Mathematical finance, also known as quantitative finance and financial mathematics, is a field of applied mathematics, concerned with mathematical modeling of financial markets. In general, there exist two separate branches of finance that require ...

and

financial engineering Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathem ...

. The IAQF hosts several panel discussions throughout the year to discuss the issues that affect the industry from both academic and professional angles. Since it was established in 1992, the IAQF has expanded its reach to host events in

San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

, and

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Fischer Black Memorial Foundation

The educational arm of the IAQF is the

Fischer Black Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the authors of the Black–Scholes equation. Background Fischer Sheffey Black was born on January 11, 1938. He graduated from Harvard ...

Memorial Foundation (FBMF). While the IAQF focuses on the profession of financial engineering, the FBMF aims to expose students to the financial engineering field and help them work towards a career in the industry. Financial engineering is often underrepresented on university campuses and the FBMF tries to bridge the gap between academia and the professional world. The main tool of the FBMF is the very successful "How I Became a Quant" event series that bring professionals to college campuses to tell students about their experiences getting into the field. The FBMF also co-hosts (along with

SIAM Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

and

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then- Secretary of the Treasury Albert Gallatin. In 1832, th ...

) an annual career fair that draws students from all over the country to meet with the premier hiring companies in the industry. This is one of the only career fairs that is specifically for financial engineering and it is hugely popular with both the students and companies.

Events

Often, these events are evening panels with 3–4 speakers; both practitioners and academics typically sit on these panels. Much of the information presented at these events is available afterward on the IAQF website. Every year, the IAQF honors one member of the financial engineering world with its Financial Engineer of the Year (FEOY) award. The winner is selected through an exhaustive nomination and voting process and the list of former winners illustrates the high standards that the nominees must meet. Former FEOY recipients continue to serve the IAQF as Senior Fellows and include such notable names as Myron Scholes, Robert Merton, William Sharpe, and Jonathan Ingersoll. The winner of the FEOY is celebrated at an annual Gala-dinner hosted by the IAQF and traditionally held at the United Nations building in New York City. This event is attended by many of the most distinguished members of the field and is one of the most important evenings on the IAQF calendar. The IAQF hosts an annual conference in the late spring, which is an all day event which includes some of the biggest names in the industry. The schedule consists of 2–3 panels and a keynote speech by the previous year’s Financial Engineer of the Year, all of which circle around one common theme. The conference is one of the most highly attended and anticipated events of the year.

Financial Engineer of the Year (FEOY)

Commencing in 1993, this award has been presented annually to an individual who has made a significant contribution in the development and creative application of financial engineering. An award dinner is held annually to honor the achievements of Financial Engineer of the Year. All listed recipients are IAQF Senior Fellows. *2020 Paul Glasserman *2019 Cliff Asness *2018

Francis Longstaff Francis A. Longstaff (born August 3, 1956) is an American educator and pioneer in quantitative finance. He serves as the Allstate Professor of Insurance and Finance at the Anderson School of Management, University of California, Los Angeles, a ...

*2017 Michael Brennan *2016 Hayne Leland *2015

Eduardo Schwartz Eduardo Saul Schwartz (born 1940) is a professor of finance at SFU's Beedie School of Business, where he holds the Ryan Beedie Chair in Finance. He is also a Distinguished Research Professor at the University of California, Los Angeles. He is know ...

*2014 Martin L. Leibowitz *2013 Douglas T. Breeden *2012 Robert Litzenberger *2011 Robert F. Engle *2010 Peter P. Carr *2009

Richard Roll Richard Roll (born October 31, 1939) is an American economist and professor of finance at UCLA, best known for his work on portfolio theory and asset pricing, both theoretical and empirical. He earned his bachelor's degree in aerospace enginee ...

*2008 Robert Litterman *2007 Jack L. Treynor *2006 James H. Simons *2005 Phelim Boyle *2004 Oldrich A. Vasicek *2003 J. Darrell Duffie *2002 Jonathan E. Ingersoll, Jr. *2001

Andrew Lo Andrew Wen-Chuan Lo () (born 1960) is the Charles E. and Susan T. Harris Professor of Finance at the MIT Sloan School of Management. Lo is the author of many academic articles in finance and financial economics. He founded AlphaSimplex Group in ...

*2001 Myron S. Scholes (Lifetime Achievement) *2000

Emanuel Derman Emanuel Derman (born 1945) is a South African-born academic, businessman and writer. He is best known as a quantitative analyst, and author of the book ''My Life as a Quant: Reflections on Physics and Finance''. He is a co-author of Black–Derm ...

*1999 John C. Hull *1998 John C. Cox *1997 Robert A. Jarrow *1996 Stephen A. Ross *1995

Mark Rubinstein Mark Edward Rubinstein (June 8, 1944 – May 9, 2019) was a leading financial economist and financial engineer. He was ''Paul Stephens Professor of Applied Investment Analysis'' at the Haas School of Business of the University of California, Be ...

*1994

*1993

Robert C. Merton Robert Cox Merton (born July 31, 1944) is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especia ...

Board of directors

The IAQF is currently presided over by a 15-member Board of Directors. The members of the Board come from many different backgrounds and include many influential names in the industry. This diverse group controls the biggest decisions of the IAQF and helps ensure that the organization is fulfilling its mission towards the growth of financial engineering.

Committees

The IAQF comprises six committees: the Credit Risk, Education, Investor Risk, Liquidity Risk, Operational Risk, and Technology Committees each focus on a narrow view of

. Doing so enables the IAQF to stay up-to-date on advancements from all over the industry as well as organize well-developed, specific topics at each of their events, which are typically presented by one of the committees.

References

External links

* {{DEFAULTSORT:International Association Of Financial Engineers Business and finance professional associations Mathematical finance