QuantNet
Staff member
- Joined
- 10/23/03
- Messages
- 43
- Points
- 28
After seven years as the head of quantitative financial research at Bloomberg in New York, Dr. Peter Carr will start at Morgan Stanley on April 5 as Global head of Market Modeling, replacing current head Joe Langsam, who is retiring.
Carr will be a Managing Director at Morgan Stanley, reporting directly to Jay Dweck, the global head of strategies and technology at the bank.
When contacted by QuantNet via email, Dr. Carr confirmed his new position at Morgan Stanley. "Bloomberg was a terrific place for quants and I'm glad to have spent 7 productive years there. However, industry legends like Joe Langsam of Morgan Stanley only retire about once every 25 years. The opportunity to try to step into (and not onto) his shoes was just too tempting to pass up." - said Carr.
On his LinkedIn profile page, Morgan Stanley is shown as his current employer starting from April 2010.
Peter Carr was selected as Risk Magazine’s Quant of the Year in 2003 and recently won awards from Wilmott Magazine for "Cutting Edge Research''. He's a visiting professor and director in the Mathematical Finance program at NYU’s Courant Institute.
Carr has a PhD from the finance department of the Anderson School at the University of California at Los Angeles. According to his website, he is also credited with numerous contributions to quantitative finance including: co-inventing the variance gamma model, inventing static and semi-static hedging of exotic options, and popularizing variance swaps and corridor variance swaps.
In a 2008 interview with Quant Network, when asked about his future, Carr suspected it to be more a jump process than a Brownian motion. It proves to be true about his latest move.
Bloomberg confirmed the move, but both the company and Carr declined to comment on a replacement. However, sources inside Bloomberg with knowledge of the situation have told Quant Network that Bruno Dupire, another well-known researcher is replacing Carr as head of the research group.
On Bloomberg Terminal Events and Seminar's page, information for April 13th "Structuring FX Derivatives in the New Environment" seminar now shows Bruno Dupire as speaker, moderator instead of Peter Carr as shown earlier.
Bruno is a senior researcher at Bloomberg in New York from 2004 and Adjunct Professor at NYU. At Bloomberg, he develops pricing, risk management and arbitrage models. His current interests include quantitative trading strategies and robust hedging.
Bruno has edited the book ‘Monte Carlo: Methodologies and Applications for Pricing and Risk Management’. He is a popular speaker at academic and professional risk events.
Carr will be a Managing Director at Morgan Stanley, reporting directly to Jay Dweck, the global head of strategies and technology at the bank.
When contacted by QuantNet via email, Dr. Carr confirmed his new position at Morgan Stanley. "Bloomberg was a terrific place for quants and I'm glad to have spent 7 productive years there. However, industry legends like Joe Langsam of Morgan Stanley only retire about once every 25 years. The opportunity to try to step into (and not onto) his shoes was just too tempting to pass up." - said Carr.
On his LinkedIn profile page, Morgan Stanley is shown as his current employer starting from April 2010.
Peter Carr was selected as Risk Magazine’s Quant of the Year in 2003 and recently won awards from Wilmott Magazine for "Cutting Edge Research''. He's a visiting professor and director in the Mathematical Finance program at NYU’s Courant Institute.
Carr has a PhD from the finance department of the Anderson School at the University of California at Los Angeles. According to his website, he is also credited with numerous contributions to quantitative finance including: co-inventing the variance gamma model, inventing static and semi-static hedging of exotic options, and popularizing variance swaps and corridor variance swaps.
In a 2008 interview with Quant Network, when asked about his future, Carr suspected it to be more a jump process than a Brownian motion. It proves to be true about his latest move.
Bloomberg confirmed the move, but both the company and Carr declined to comment on a replacement. However, sources inside Bloomberg with knowledge of the situation have told Quant Network that Bruno Dupire, another well-known researcher is replacing Carr as head of the research group.
On Bloomberg Terminal Events and Seminar's page, information for April 13th "Structuring FX Derivatives in the New Environment" seminar now shows Bruno Dupire as speaker, moderator instead of Peter Carr as shown earlier.
Bruno is a senior researcher at Bloomberg in New York from 2004 and Adjunct Professor at NYU. At Bloomberg, he develops pricing, risk management and arbitrage models. His current interests include quantitative trading strategies and robust hedging.
Bruno has edited the book ‘Monte Carlo: Methodologies and Applications for Pricing and Risk Management’. He is a popular speaker at academic and professional risk events.