GARP RegionalL Chapters Expand With Appointment of 3 New Regional Directors
New York, London, Beijing, June 2, 2008 — The Global Association of Risk Professionals (GARP: www.garp.org), announced today a new Co-Regional Director for its Chapter in Germany, and two new Co-Regional Directors for its Chapter in Shanghai, China.
Lars Kruse, Founding Member and Senior Manager, Dr. Peter & Company, has been appointed Co-Regional Director of the GARP Chapter in Germany. He will serve with the current Regional Director, Kai Gammelin, Head of Compliance & Risk-Control, UBS Real Estate Kapitalanlagegesellschaft mbH.
Dr. Eugene Yu-jun Wu, CFA, FRM®, AFP, Academic Director, Sino-British College and Ms. Xiaohong Yao, VP, Manager Decision Analytics, Asia-Pacific Consumer Credit Risk, HSBC, Hong Kong will Co-Direct GARP’s Chapter in Shanghai, China.
Shanghai Chapter Co-Regional Director Wu commented, “My mission for the Shanghai Chapter is to promote GARP programs and practices to institutions and universities in order to make GARP the benchmark in risk management practices within China.” Co-Regional Director Ms. Yao added, "I strive to educate and enhance the risk management in China by providing a platform for sharing and exchanging experiences with risk management practices."
GARP currently has a total of 65 Regional Directors representing 47 regions in 32 countries around the world.
About Lars Kruse
Lars Kruse is a founding member of Dr. Peter & Company and currently serves as Senior Manager for the firm. His areas of expertise include risk management for banks and asset management firms, and the corresponding regulatory law.
Prior to his position at Dr. Peter & Company, Mr. Kruse was employed at the consulting divisions of PricewaterhouseCoopers and Cap Gemini Ernst & Young where his most recent position was Managing Consultant at the Financial Services Practice. Before entering the consulting industry, Mr. Kruse was a Global Management Associate at Citibank.
Mr. Kruse has studied Economics at the University Kiel, Germany and received an MBA from the Babcock Graduate School of Management (Wake Forest University) in North Carolina, USA.
About Dr. Eugene Yu-jun Wu
Dr. Eugene Yu-jun Wu, CFA, FRM®, has received his B.S. degree from Fudan University, M.S. degree from Grenoble Ecole De Management (Former Groupe Esc Grenoble) France and a Ph.D. in Finance from Nanyang Technological University in Singapore.
Dr. Wu is currently the Academic Director of Sino-British College, and is responsible for academic curriculum design and providing employee professional development solutions to major financial institutions in China. Dr. Wu has been an Adjunct Associate Professor in Institute of Financial & Accounting Studies in Xiamen University since 2006, Fudan University since 2005, and Nanyang Business School (NTU Singapore 2002-2005). He has been teaching master-level courses in Financial Risk Management, Security Analysis, Investment Theories, Introduction to Financial Market & Financial Institutions, etc. His research areas are Market Risk Modeling, Overseas Listing of Chinese Firms and Simulation Techniques in Investment Analysis since the year 2003.
He has rich practicing experience in the investment area. Previously, he was a Financial Analyst in HANWHA Corporation and a Senior Research Associate in Dong Hai Securities Company, and was responsible for providing the research department on warrant market-making, index futures trading strategies design and risk management techniques. Meanwhile he has been conducting consulting work on risk management with several financial institutions in Singapore and China, including Reuters (China), Bank of East Asia, ICBC headquarters, China AMC, Shanghai Stock Exchange, and recently UBS.
About Xiaohong Yao
Xiaohong Yao earned a Bachelor’s degree in Mathematics when she studied in Beijing, China, and pursued an MBA degree as well as a Master’s degree in Applied Mathematics in Ohio, USA. She received an ABD (All But Dissertation) in Operations Management and Business Statistics from Ohio before she was hired by a major mortgage lender in late 1996.
Over the past 11 years, she has been working in underwriting strategy and consumer credit risk areas for three major banks in Northwest of USA. Her major job responsibilities have been conducting credit risk related analytics that are either directly used by the business lines or as supporting input information to other risk areas such as Assets Liability and Capital Allocation. Her career achievements are highlighted by establishing a complex process of consumer credit loss forecasting for National City Corp. Through years of working experience, she has gained extensive business knowledge about consumer banking business, especially in the credit risk management area.
In November of 2007, she accepted the offer as a manager decision analytics from Asia-Pacific Consumer Credit Risk department in HSBC. The job allows her to manage an analytics team to provide best-in-class risk related modeling and analysis for HSBC footprint in Asia-Pacific region.