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Events


Since 2010, we have the pleasure to organize an event related to financial market liquidity. 

The aim of the conference is to bring together academics and practitioners to discuss
state-of-the-art results in the broader field of financial market liquidity. These topics include:

– Market Liquidity and Funding Liquidity; 
– Liquidity Aspects of Systemic Risk; 
– Game Theoretic Aspects of Liquidity and Financial Markets; 
– Global Liquidity (both Public and Private) and Regulations; 
– Leverage and Macroeconomic Determinants; 
– Market Microstructure; 
– Asset Pricing and Management with Illiquid Assets; 
– Illiquid Alternative Investments and Asset Innovations. 



Dating back to 2012, our department initiated a series of events that included lectures
open to our students, alumni and the larger public. The event continue today, and host
professionals from the corporate world who talk on selected topics in finance ranging
from current market events impacting their firms to novice scientific findings. Our aim is to:
1. provide our academic and professional partners with a platform to reach out to an
educated and highly-motivated audience;
2. open the opportunity for our alumni to meet and interact, with the purpose of maintaining
contact with their Alma Mater and for furthering their knowledge;
3. keep our current students up-to-date with the industry’s latest achievement, development and news.

Further details: here


The Corvinus Financial Research Seminar series are hosted by the Corvinus University of Budapest
and coordinated by the Corvinus Financial Research Centre. The seminars have three main goals:

A) Research Seminar
The lecturers give a detailed overview of their research projects. The lecturers submit their working
papers to the community of the research centre and also hold a presentation. We provide a discussant
for the paper if required. This event is open for external researchers as well.

B) Early Bird Research Talks
Nowadays, there is a growing number of conferences where presenters can present and
discuss their research in its early stage. These events function as a brainstorming and first
feedback hub. This is an ideal event for PhD students and colleagues with early stage
research to develop their research project.

C) Faculty/Department Development Events
These discussion are related to the practical aspects of research activities
(for example novelties in impact factor calculations, database systems, etc.).
Introduction of new books, textbooks (written by our colleagues) or open discussions
of upcoming research projects and applications are also welcome.

Further details: here


In the autumn of 2012, our department initiates a series of events that include
lectures open to our students, alumni and the larger public. The events host professionals
from the corporate world to talk about selected topics in finance ranging
from market happenings affecting their firms to novice scientific findings.
Our aim is to:
-provide our academic and professional partners with a platform to reach out
to an educated and highly-motivated audience;
-open the opportunity for our alumni to meet and interact, with the purpose of
maintaining contact with their Alma Mater and for furthering their studies;
-keep our current students up-to-date with the industry’s latest achievement,
development and news.

Organizers: Edina Berlinger, Péter Csóka, Anita Lovas
If you would like to be a guest presenter or sponsor one of the upcoming
presentation please contact us at: peter.csoka@uni-corvinus.hu.

The Department of Finance, Corvinus University of Budapest invites you to

Liquidity (non)-management: the Woodford case

László Holló,

Vice President in the Risk Management and Liquidity Core Research team based in Budapes at MSCI.

He is responsible for transaction cost modelling and liquidity-related regulation.
Laszlo joined MSCI’s pricing research team in 2016 and transferred to the
liquidity research area in 2017. Prior to joining MSCI, he was a junior researcher
at École normale supérieure and the Wigner Research Institute Centre for Physics.
Laszlo holds a master’s degree in Physics and a Ph.D. in Theoretical Physics, summa cum laude.

The presentation:
The Woodford Equity Income fund, an open-ended UCITS fund in the UK had to suspend
withdrawals on June 3. This happened due to liquidity mismatch: the fund didn’t have
enough liquid assets to pay out a 5% redemption request. Many investors had their
money locked for already five months when the fund manager decided to shoot it down.
Investors may lose significant sums on selling illiquid private equities. The aftermath was long.
The FCA, the market regulator for UK funds, blamed the scandal on the fund manager while
the head of FCA was interrogated by the Treasury Committee of the Parliament for not having
prudent regulation to protect investors from liquidity mismatch. In this talk, I will give a high-level
overview of liquidity regulation of mutual funds in the U.S. and Europe. I will present the MSCI
liquidity model and how it could have provided early signals of the liquidity issues of
the Woodford fund. We also compared the Woodford fund to its peers: is it an isolated case or
are there other European funds which are exposed to significant liquidity risk?


Date: Monday, December 9th, 2019
Time: 17:20 – 18:50
Venue: Room V-VI. (Ground Floor) Corvinus University of Budapest, 4-6 Kozraktar street (Building C)
Application: No registration required Reservation on a first come first served basis.
Event on Facebook: https://www.facebook.com/events/2323934934586365/

The Department of Finance, Corvinus University of Budapest invites you to

From the concept of Model Risk Management to the daily work of a Model Validator.

Antoine P.C. van der Ploeg
Head of Model Validation/Market and Other Risks team based in Amsterdam at ING.

His team of approximately 30 internationals is responsible for the validation of ING’s
market and operational risk models. Antoine has joined ING’s pricing model validation
team in 2006, which put him in a front row seat during the financial crisis. Since 2011
he has been heading the Market and Other Risks Validation team which has grown 3
times in size in 2 years, thanks to the recent focus on ING’s modelling framework.
Antoine holds a master’s degree in Econometrics and a PhD in Financial Econometrics.

The presentation:
The financial crisis drove the attention of the industry to a new type of risk that hadn’t
been managed before: the risk that the models we use are not sufficiently representative
of the reality that a financial institution faces. Model risk management is a fast-evolving
field that covers the cycle of assessment, identification, mitigation and reporting of model risk.
Model validation is a particularly exciting domain as it plays an important role in all four stages
of the model risk life cycle. The presentation will define the concepts of model risk management,
put the role of model validation into context and then deep dive into the actual responsibilities of
a model validator at ING through a risk factor proxy case study.

Date: Monday, December 6th, 2019
Time: 9:50-11:20
Venue: Room V-VI. (Ground Floor) Corvinus University of Budapest, 4-6 Közraktár street (Building C)
Application: No registration required Reservation on a first-come first-served basis.
Facebook event

The Department of Finance, Corvinus University of Budapest invites you to

The Importance of Independent Price Verification at Investment Banks
Michael O’Malley,
Global Head of Finance Valuation Control at Morgan Stanley.

Michael is the leader of Valuation Control in Morgan Stanley Finance with operations
in Budapest, New York, London, Hong Kong and Tokyo. He is a member of the Finance
Management Committee, chaired by Morgan Stanley CFO, Jonathan Pruzan. Michael
joined Morgan Stanley in 1998 in New York and has held leadership roles in multiple
Finance departments and major strategic initiatives. He received a B.A. from the
Fairfield University and a M.B.A. from New York University Stern School of Business.
The presentation will cover:
 • The growing importance of price verification since the financial crisis of 2008
 • The regulatory dialogue and implications pertinent to price verification
 • The enhancement and focus on Risk Mitigation and Process Change
 • The potential learning opportunities and skillset development available in the Valuation Control organization

 If you have any questions regarding the event, please e-mail Budapest.campus@morganstanley.com

Date: Thursday, November 7th 2019
Time: 17:20 – 18:50
Venue: Room VII. (Ground Floor) Corvinus University of Budapest, 4-6 Kozraktar utca (Building C)
Application: No registration required Reservation on a first come first served basis.
Event on Facebook: https://www.facebook.com/events/400325734203615/

The Department of Finance, Corvinus University of Budapest invites you to

“What does Brexit mean for a major financial institution?”
Anthony Mullineaux, Head of Finance for the European Securities Business of Morgan Stanley

He is Head of Finance for the European Securities Business of Morgan Stanley and head
of Finance operations in locations Glasgow, Budapest and Mumbai. He is a member of the
Finance Management Committee, chaired by Morgan Stanley CFO, John Pruzan. Anthony
joined Morgan Stanley in 1993 in London and spent his Finance career across Europe and Asia.
He received a B.A. from the University of Exeter, United Kingdom in 1989.
The presentation will cover:
 Background rules impacting firms operating in the UK with European businesses, the significance of passporting.
 The classical management challenge: have to make decisions without having the right level of data.
The decision time frames, the uncertainty of the outcome and the time it takes to respond
 The potential options
 The challenge of multiplying regulators
 The breath of the impact within the organization, departments and processes impacted
 Expected impact on the business

Questions? E-mail Budapest.campus@morganstanley.com

Date Thursday, May 16th 2019 Time 12:30 – 13:30
Venue Room VII. (Ground Floor) Corvinus University of Budapest, 4-6 Közraktár utca (Building C)

No registration required Reservation on a first come first served basis.

The Department of Finance, Corvinus University of Budapest invites you to

“A Conversation on Culture, Leadership, and Navigating a Career”

Jeff Brodsky
Chief Human Resources Officer
Morgan Stanley

 You are invited to join us on an interactive discussion. Jeff Brodsky is Morgan Stanley’s
Chief Human Resources Officer, as well as a member of the Firm’s Operating Committee
and Co-Chair of the Firm’s Culture, Values and Conduct Committee. Since joining Morgan
Stanley in 1987, he has held various senior positions within Human Resources and be
became the Global Head of Human Resources in 2011. Jeff was named to the Firm’s
Management Committee in 2010 and joined the Firm’s Operating Committee in 2012.
Jeff serves on the Safe Horizon Board of Directors, and is a former member of the
University of Michigan’s Ross School of Business Advisory Board. 

Date: Tuesday November 6, 2018
Time: 1:45 pm – 2:45 pm
Venue: Room V-VI. (Ground Floor) Corvinus University of Budapest 4-6 Közraktár (Building C)

 No registration required. Reservation on a first come first served basis.

Facebook

„Communications for Your Career: Tips and Tricks for Working with Global Teams”
Hosted by
Christie Ghetian
Head of Global Communications in Morgan Stanley’s Technology Division

Christie Ghetian leads Global Communications in Morgan Stanley’s Technology division.

She is responsible for translating key information “so it matters to the people that matter.”

Prior to joining the financial services industry, Christie spent nearly 10 years teaching

communications courses at The Pennsylvania State University. She holds a B.A. in

Advertising and Public Relations, a B.A. in Speech Communication, an M.A. in

Communication Science with a minor in Health Policy, and has completed all coursework

for a PhD in Communication Science, with emphases in Health Promotion,

Exercise Psychology, and Quantitative Survey Research.

Date:
Thursday May 3, 2018
Time:
7:15 – 8:15 PM
Venue
Room V-VI. (Ground Floor)
Corvinus University of Budapest
4-6 Közraktár (Building C)

No registration required, reservation on a first come first served basis.

Facebook event


“North Korea, Poisoned Chocolate and Other Challenges of Country Risk Management:

Making Smart Decisions on Wall Street”

Hosted by
Clark Anderson
Head of Country Risk at Morgan Stanley

Clark Anderson has been a country risk specialist for 34 years, working with corporate, financial,

and government clients around the world. For most of his career, Anderson has managed country

risk on Wall Street, first as Global Manager of the Sovereign Risk Management & Advisory Group at

Goldman Sachs and currently as Global Head of Country Risk for Morgan Stanley, where he also

serves as Chief Operating Officer for Credit Risk Management. Anderson is a China specialist,

having followed China closely since modernization began in 1978 and advising both the Chinese

government and firms operating in China. He also has particular expertise in global energy issues.

Date:
Tuesday, February 20
Time:
1.45 pm – 2.45 pm
Venue
Main Auditorium (second floor)
Corvinus University of Budapest
4-6 Közraktár (Building C)

No registration required, reservation on a first come first served basis.

Facebook event



Artificial Intelligence and Big Data in Modern Banking”

Hosted by
Jeffrey G. McMillan
Chief Analytics & Data Officer of Morgan Stanley Wealth Management

Jeff McMillan is responsible for all aspects of Wealth Management’s strategy
to leverage analytics, data and artificial intelligence to drive growth and efficiencies
across the firm. Besides his current role Jeff is a member of the Wealth Management
Operating and Risk Committees as well as the firm’s Securities Operating Committee.
He is also Co-chair of Morgan Stanley’s Veterans Employee Network.

Date:
Wednesday, November 15
Time:
7.15 pm – 8.15 pm
Venue
Room V-VI (Ground Floor)
Corvinus University of Budapest
4-6 Közraktár (Building C)

No registration required, reservation on a first come first served basis.

Facebook event


“Managing risk: The theory, the practice and how to manage your life in general”

hosted by

Keishi Hotsuki
Chief Risk Officer of Morgan Stanley


Mr. Hotsuki joined Morgan Stanley in March 2008 as the Head of Market Risk Department

and became the Chief Risk Officer in May 2011. Besides his current role, he is also a member

of the Firm’s Operating and Management Committees and a Director of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Date: 2 May 2017
Time: 17:30 – 18:50
Venue: Corvinus University of Budapest, 1093 Budapest, 8 Fővám tér

(i.e. main building), Lecture Hall I (ground floor).

No registration required, reservation on a first come first served basis.

Facebook event



“Forward Looking Operational Risk Management”

hosted by

Cheryl Geremia

Global Head of Operational Risk and Risk Infrastructure of Morgan Stanley

Cheryl joined Morgan Stanley in 2008 as Managing Director, Global Head of Operations

Risk & Control. She subsequently took on responsibility for Enterprise Operational Risk & Control

which was integrated into the Operational Risk Department in early 2013 to form a single unit led by Cheryl.

Prior to joining Morgan Stanley, Cheryl was at Deutsche Bank from 1996 to 2008.

During her last two years at Deutsche Bank, she was Managing Director and Global Head

of the Bank’s Reconciliation Utility. She also served as the Chief Operations Officer for

Deutsche Bank Securities Inc. from 2003 – 2008.

Date: 6 March 2017
Time: 17:30 – 18:50
Venue: Corvinus University of Budapest, 1093 Budapest, 4-6 Közraktár

(i.e. Building “C”), room X (ground floor).

No registration required, reservation on a first come first served basis.

Facebook event



Michael G. McMillan, Ph.D., CPA, CFA

is Director of Society Ethics Training at CFA Institute. Dr. McMillan joined CFA Institute in

October of 2008 after more than a decade as a professor of accounting and finance at Johns

Hopkins University’s Carey School of Business and George Washington University’s School of

Business. Prior to pursuing a career in academia, he was a securities analyst and portfolio

manager at Bailard, Biehl, and Kaiser and Merus Capital Management in San Francisco, California.

As the Director of Society Ethics Training, Dr. McMillan is responsible for creating and developing

educational content for CFA Institute members and investment professionals in the area of ethics and professional standards.

Title of the talk: “How to do the right thing even if no one is watching”

Although ethical dilemmas are a normal and predictable part of most jobs, they can be dangerous

to your career if you are not prepared for the organizational challenges that may test your personal values,

moral beliefs, and commitment to doing the right thing. This interactive presentation examines several

real life ethical dilemmas that professionals working in the financial services industry may face in the course of their careers.

Date: 4 October 2016, 19:10-20:40 
Venue: Corvinus University of Budapest, 1093 Budapest, Közraktár

(i.e. Building “C”), Main Auditorium (second floor).

No registration required, reservation on a first come first served basis.

Main organizer and sponsor: CFA Society Hungary

Michael G. McMillan’s BIO

The event on facebook



“A Brief History of Risk Management”

hosted by

Keishi Hotsuki

Chief Risk Officer of Morgan Stanley

Mr. Hotsuki joined the Firm in March 2008 as the Head of Market
Risk Department and became the Chief Risk Officer in May 2011.

Besides his current role, he is also a member of the Firm’s
Operating and Management Committees

and a Director of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Date: 25 March
Time: 18:00 – 19:00
Location: Corvinus University, Lecture Hall IV (main building), Fővám tér 8.

No registration required, reservation on a first come first served basis.


Clifford D. Mpare, CFA, CMA

is Chairman and CEO of Frontline Capital Advisors (FCA) an investment banking firm he

founded in Accra, Ghana in 2009. He also serves as the Chairman of the Board of African

Financial Services Ltd., one of the largest Savings and Loans Companies in Ghana. And

is a co-founding member of the African University College of Communications (AUCC) Pension’s Academy in Ghana.

Title of the talk: “Towards Africa Renaissance: Investment Opportunities”

Date: 30 January 2013, 18:30
Venue: Corvinus University of Budapest, main building, Lecture room III (ground floor).

No registration required, reservation on a first come first served basis.

Main organizer and sponsor: CFA Society Hungary

Clifford D. Mpare’s BIO

The event on facebook



Ron Hertshten is the Head of Argaman Algo Ventures (AAV), which develops
and manages fully automated algorithmic trading systems. AAV works to
source industry nascent and early-stage algorithmic ventures, as well as
algorithmic-related research in academic research centres, for the purpose
of developing algorithmic-based joint ventures that offer attractive synergies,
scalable profitability, reasonable risk, and potential for long-term commercial
operation. AAV is a division of Indus, a wholly owned subsidiary of GHF Holdings.
Ron was previously the Managing Director of GHF in Israel and Eastern Europe,
prior to that the Managing Director of GHF China. He holds an MBA from Yale
School of Management, specialising in Finance.

Ron will talk about algorithmic trading. You can read an interview with him here.

Date: 4 December 2012, 18:10

Venue: Corvinus University of Budapest, 1093 Budapest,
Közraktár u. 4-6 (i.e. Building “C”), Auditorium V-VI (ground floor)

No registration required, reservation on a first come first served basis.

Facebook event

                

                                              László Mérő
     mathematician, psychologist, author of the successful book Ways of

      Thinking is holding a series of lectures at the Corvinus University of

                           Budapest during the autumn semester

                   His third lecture is entitled: Fogolydilemma-variációk,

                     hallgatólagos tudás (in Hungarian) (Presentation)

           Lecture date and time: Tuesday, 20 November, 2012 18:10-19:30
       Venue: Corvinus University of Budapest, main building, Lecture hall I. 

                                                   (ground floor)

     No registration required, reservation on a first come first served basis.

                                             Organiser: Péter Csóka
                                                   Invitation: here
                                            Facebook event: here


A Hungarian corporation issued a bond in September, 2012 in a good market
but without having real comparable deals. How was the deal planned and managed?
How was the process viewed by one of the joint lead manager and the issuer?

Participants:
Marzena Fick, Managing Director Citigroup London
Szabó László, Group Treasurer, MOL Group
Száz Vera, Head of Capital Markets, MOL Group

Moderator: Barbara Dömötör

Date: 6 November 2012, 18:10
Venue: Corvinus University of Budapest, main building,
Lecture room I (ground floor)

Facebook event
Minimum Standards for Bond Communication


Kenneth Abbott

is a Managing Director at Morgan Stanley, where he is the Chief

Operating Officer across Market, Credit, and Operational Risk.

At his lecture he will cover the topics of
Market risk and how the financial crisis of 2008 impacted the investment banking world.
Market risk is the risk of losses in assets arising from movements in market prices. Ken

will provide insightful information on how Morgan Stanley – a key player in the financial markets

– oversees and monitors its trading activities. The financial crisis of 2008 had a worldwide impact

in the lives of all of us. As result, the financial industry is under bigger scrutiny and deeper regulation.

Ken will address how the financial industry it is shaping itself to a new reality of higher risk awareness.

Date: 5 November 2012, 18:10
Venue: Corvinus University of Budapest, main building, Lecture room III (ground floor).

Anybody can come (we do not expect shortage of places), but please register here

Kenneth Abbott’s BIO

Facebook event



                                               László Mérő
mathematician, psychologist, author of the successful book Ways of

Thinking is holding a series of lectures at the Corvinus University of

                         Budapest during the autumn semester

                                His second lecture is entitled:

                Coexistence of cooperation and competition
                        Language: Hungarian.(Presentation)

      Lecture date and time: Tuesday, 16 October, 2012 18:10-19:30
                         Venue: Corvinus University of Budapest,

                        main building, Lecture hall I. (ground floor)

     No registration required, reservation on a first come first served basis.

                                       Organiser: Péter Csóka
                                                Invitation: here
                                         Facebook event: here



                                         Meir Statman,

   full professor at Santa Clara and the University of Tilburg
holds a lecture under the joint organisation of the CFA Society

           Hungary and the Department of Finance entitled

What Investors Really Want: Lessons from Behavioral Finance

   Lecture date and time: Tuesday, 2 October, 2012 16:30-17:50
Venue: Corvinus University of Budapest, main building, room 332

CV of the presenter
Abstract

Facebook event: here


             

                                  László Mérő
,mathematician, psychologist, author of the successful book

    Ways of Thinking is holding a series of lectures at the

Corvinus University of Budapest during the autumn semester
                  His first lecture is entitled: Game theory 

                    as a psychological experimental tool.
                     Language: Hungarian. (Presentation)

     Lecture date and time: Tuesday, 2 October, 2012 18:10-19:30
                    Venue: Corvinus University of Budapest,

                   main building, Lecture hall I. (ground floor)

No registration required, reservation on a first come first served basis.

                               Organiser: Péter Csóka
                        Invitation: here  Facebook event


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