Steven W. Kohlhagen has joined Reval’s board of directors, although he has been involved in the derivatives markets for over 30 years as an academic, a practitioner and a board member.
He is well known in the markets as the co-creator of the widely-used Garman Kohlhagen pricing model, the formula for estimating the value of a European call option on foreign exchange. Kohlhagen was also honored as an inaugural member of Risk Magazines first “Derivatives Hall of Fame” in 2002.
“Dr. Kohlhagens expertise in derivatives modeling, risk management and capital markets is hard to find and we are fortunate to have him join Revals Board. We look forward to working closely with Dr. Kohlhagen as we continue to expand our derivatives coverage across asset classes,” says Jiro Okochi, CEO and co-founder, Reval.
Kohlhagens illustrious career in the field of derivatives began in academia as a professor at University of California, Berkeley and in 1975 he was awarded “Teacher of the Year” by Berkeleys School of Business Administration. As a practitioner, he built sales teams and derivatives businesses at Lehman Brothers, Bankers Trust and First Union/Wachovia, as well as other leading financial institutions.
At Bankers Trust, he was founder of the Market Transaction Group and Managing Director, Money Market Sales and Trading, Origination and Distribution. His impressive career at First Union, began as co-founder of all derivative products business and later Managing Director for the Fixed Income Division. Additionally, Kohlhagens contributions to the world of finance have been widely published in a number of economics and business publications and journals.
“Im honoured to be a part of Revals board and look forward to providing insight into their growing risk management solution set. Their blue-chip client roster, including firms like General Motors, Deloitte, Qantas, Lloyds Bank and Commerzbank is a testament to Revals must-have solution by Global 2000 corporates and financial institutions,” says Kohlhagen.
In addition to Revals Board, Kohlhagen sits on the board of directors of Ametek, Inc. a manufacturer of electronic instruments and electromechanical devices and he is an independent director of the IQ Mutual Funds, a family of Merrill Lynch registered, closed-end investment companies.