Tutor Biographies

Carlo Acerbi

Dr Carlo Acerbi received a PhD in Theoretical Physics from the International School for Advanced Studies (SISSA - ISAS), Trieste, Italy, before turning to Finance in 1997. In the past he worked as a Risk Manager (Caboto Holding Sim – Banca Intesa Group) as a Financial Engineer (Abaxbank – Credito Emiliano Group), and as a senior expert in the risk practice of McKinsey & Co. He recently joined the Geneva RiskMetrics office (now part of the MSCI group), as a risk researcher. His main areas of interest in finance are risk management and derivatives pricing. He is the author of several papers in renowned international journals, focusing in particular on the theoretical foundations of financial risk and the extension of portfolio theory to illiquid markets. He is a member of the board of 'The Journal of Risk'.

Michael Daniels

Michael has close to 20 years experience of Treasury and Risk Management, both in the UK and internationally.

Michael returned from the Middle East just over 3 years ago upon joining Ernst & Young’s Liquidity and Risk Management team in London. There he worked with a number of Global Investment Banks as well as tackling financial crisis related issues.

Michael joined Merrill Lynch in March of this year and was asked to lead the London based International Liquidity Risk team in July. Current responsibilities cover Liquidity Risk Management in 23 countries, including the UK and across 36 legal entities.

Gaspare La Sala

Gaspare La Sala is the Global Head of Liquidity Management at UBS. He is responsible for the management of all liquidity risks and the liquid assets buffer. Prior to this, he was the Head of ALM within UBS Investment Bank, and he also has many years of experience in interest rates derivatives trading.

His educational achievements include a Master of Science degree in Mathematics from the University of Zurich (Switzerland), a CFA degree (Chartered Financial Analyst) and a Master of Business Administration (MBA) degree from the Graduate School of Business Administration Zurich (Switzerland) and the University of Wales (UK).

Mario Onorato

Mario Onorato is the Senior Director, Head of Balance Sheet & Capital Management Solutions at Algorithmics. Mario is charged with the development of ALM, Liquidity Risk, Capital Structure and shareholder value creation solutions for financial institutions and corporates. Prior to joining Algorithmics, Mario was head of Economic Capital at Misys Banking Systems, Scientific Consultant at KPMG, and Corporate Finance Senior Consultant at Sanwa Bank. Mario has held a number of academic positions in The Netherlands and UK, is author of several books and research paper, and is Honorary Senior Lecturer, Faculty of Management, Cass Business School, City University, London. Mario holds a PhD in Finance.

Rüdiger Sandvoß

At Helaba, Rüdiger Sandvoß is Head of Strategic Risk Control which is group-wide responsible for the topics of market and liquidity risk. Before he joined Helaba he was a Manager at KPMG Frankfurt in the area of financial risk management services. Rüdiger Sandvoß has deep risk control knowledge and experience which combine the perspective of a bank and an auditing company. He started his career with a diploma in Mathematics from the University of Freiburg.