SVETLOZAR RACHEV
Svetlozar "Zari" Rachev is the Frey Family Foundation Chair-Professor in Department of Applied Mathematics & Statistics, Stony Brook University. He is author of 14 books and over 300 published articles on finance, econometrics, probability, statistics and actuarial science. He holds a PhD (1979) and Doctor of Science (1986) from Moscow University and the Russian Academy of Sciences. Rachev was a co-founder and President of Bravo Risk Management Group, the originator of the Cognity risk analytics methodology, which was acquired by FinAnalytica for which he currently serves as Chief-Scientist.

ANDREA RONCORONI
Andrea Roncoroni is full Professor of Finance at ESSEC Business School Paris-Singapore and Visiting Lecturer at Bocconi University, Milan. He holds PhD's in Applied Mathematics and in Finance. His research interests primarily cover energy and commodity finance, with a focus on risk management, financial modeling, and product structuring. He put forward the Threshold Model for electricity price simulation and the FloVaR suite for the dynamic monitoring of financial and industrial positions on commodities. Publications cover academic journals (J. Business, J. Banking and Finance, J. Economic Dynamics and Control) as well as book series (e.g., Handbook of Multi-Commodity Markets and Products – Wiley & Sons, forthcoming 2012). As a professional advisor, he consulted for private companies and public institutions (International Energy Agency, Central Bank of France, Office of the Italian Prime Minister, Italian Energy Authority, EdisonTrading, Gaz de France).

URSULA THEILER
Dr. Ursula Theiler is CEO of the company Risk Training, Germany. She is a professional trainer and consultant who has conducted numerous trainings of financial institutions, supervisors and companies related to risk and bank management. Dr. Ursula Theiler holds a doctorate degree of the Banking Department of the Ludwig-Maximilans-University of Munich, Germany. Her main fields of research are risk and bank management. Dr. Ursula Theiler has gained several years of practical experiences in different German private and public banks as customer advisor, credit analyst and member of controlling and planning divisions, as well as senior partner and consultant of a software company in risk management. She is contributing to various international conferences and research projects and has received different awards for academic research.

SILVANA STEFANI
Silvana STEFANI is a Professor of Mathematics Applied to Economics and Finance, University of Milano Bicocca, Faculty of Economics. She is a graduate in Mathematics at the University of Milano. Her research includes modelling optimal production and hedging strategies in commodity and (conventional and renewable) energy markets, discrete mathematics applied to complex systems. She has published numerous papers in international journals and has been scientific consultant for financial and energetic institutions.

TEEMU PENNANEN
Teemu Pennanen is the Professor of Mathematical Finance, Probability and Statistics at King's College, London. Before joining KCL, Professor Pennanen worked as Managing Director at QSA Quantitative Solvency Analysts Ltd, with a joint appointment as Professor of Stochastics at University of Jyvaskyla, Finland. His earlier appointments include a research fellowship of the Finnish Academy and several visiting positions in universities abroad. Professor Pennanen's research interests include financial risk management, financial econometrics, mathematical finance and the development of computational techniques for risk management. He has authored more than 30 journal publications and he has been a consultant to a number of financial institutions including Bank of Finland, Ministry of Social Affairs and Health and The State Pension Fund.

MAURIZIO BOVI
Maurizio, PhD, is Chief Economist at Istat. He holds responsibility for macroeconomic forecasts, cyclical and structural analysis on the Italian economy. Research Interests: Forecasting, Non-rational expectations, Non Observed Economy, Fiscal Policy. Publications on: Journal of Evolutionary Economics, Journal of Economic Psychology, Oxford Bulletin of Economics and Statistics, Journal of Economic Dynamics and Control. Winner of the 2008 "Isaac Kerstenetzky" World Best Paper Award.

MARCO RABERTO
Marco Raberto is Assistant Professor of Economic and Managerial Engineering at the School of Engineering of the University of Genoa, Italy, since December 2010. He is the Principal Investigator of the project Iceace (2011-13) on “Financial instability, credit rationing and business cycles in an agent-based model: the case of Iceland”, funded by the Icelandic Centre for Research (Rannis), He has been appointed by the Icelandic Centre for Research as representative for Iceland in the management committee of COST Action IS0902 (2010-14) on "Systemic Risks, Financial Crises and Credit - The Roots, Dynamics and Consequences of the Subprime Crisis".
Marco Raberto holds a Laurea Degree in Physics and a Doctoral degree in Electronics and Computer Science Engineering, both got at the University of Genoa in 1999 and 2003, respectively. From 2003 to 2008 he was research fellow at the University of Genoa, and from 2008 to 2010 he was Assistant Professor at the School of Science and Engineering of Reykjavik University, Iceland. His main research interests regard both methodological and thematic issues. He adopts and advocates the agent-based approach to the modeling and simulation of economic and financial systems as a methodology to overcome the limitations of traditional analytical models. He employs the agent-based computational approach to investigate how interactions among economic agents evolve and determine aggregate economic outcomes, with a particular focus on the interplay between the real, the financial and the credit sectors of the economy, and on the dynamics of credit-induced boom-bust cycles. Marco Raberto has published numerous scientific papers in peer-reviewed international journals (ISI ranked) as Computational Economics, Computational Intelligence, Economics e-journal, and Quantitative Finance. He organized the first two editions of the international workshop on "Managing Financial Instability in Capitalist Economies” that took place in Reykjavik in 2009 and 2010.

MARCELLO MINENNA
Marcello Minenna addressed by Risk magazine as the “quant enforcer” and the “quant regulator” is the Head of the Quantitative Analysis Unit at CONSOB (the Italian Securities and Exchange Commission) where he develops quantitative models for surveillance and supports the enforcement and regulatory units in their activities. Marcello has been teaching in several Universities and holding courses for practitioners in the field of financial mathematics all around the world. He graduated at Bocconi University and received his PhD and MA in mathematics for finance from State University of Brescia and from Columbia University. He is the author of several publications including the bestselling Risk-book A Guide to Quantitative Finance.

BENJAMIN MAAT
Benjamin Maat, CFA, CAIA, Manager Liquid Commodities Pool. Benjamin joined APG in 2006 as an alternative investments analyst. He joined the commodities team in 2007 and is responsible for managing the Smart Beta long only fund as well as the internal absolute return strategy. Additionally, he is involved in screening, selecting and monitoring of external commodity alpha strategies. Benjamin holds a Masters Degree in Finance & Investments, a Bachelor Degree in Business Administration, both from the Erasmus University of Rotterdam. Benjamin earned the CFA and CAIA designation. He has published in the Journal of Financial Economics and has completed several commodity investments specific educational courses such as Global Oil seminar and Natural Gas seminar organized by PIRA University and Behre Dolbear’s Metals and Mining course.

GIUSEPPE MAROTTA
Giuseppe Marotta, LSE M.Sc. (Econ), Professor of Economics, Economics Department, University of Modena and Reggio Emilia, Italy. Director, Master Course in Financial Analysis, Consultancy and Management. Previous positions: economist at the Bank of Italy’s Research Department, Associate professor of Monetary Economics at the Universities of Brescia and of Turin. Current research interests: financial intermediation theory and financial regulation, trade credit, retail interest rates pass-through from policy rates, pensions, macroprudential regulation. Most recent publication: Stabilità finanziaria e crisi (Financial stability and crises), Il Mulino, Bologna, 2011 (coauthored with Renato Filosa).

ALFREDO FUSETTI
Alfredo Fusetti studied economics at the University of Zurich, with focus on econometrics and quantitative finance. He worked as university research assistant and lecturer at the Institute of Operations Research, the Department of Empiric Economics and the statistical Institute of the University of Zurich. He also lectured on economics at a private college in Ticino and developed econometric models (quantitative asset allocation) for the Asset Management of an international bank. Alfredo Fusetti currently works at PPCmetrics AG (Zurich), a swiss leading company in independent consulting for Institutional Investors and Pension Funds. PPCmetrics is specialized in ALM-Studies, Asset Manager Selection and Controlling & Consulting for Institutional Investors. At PPCmetrics Alfredo Fusetti is a designated Partner, Head of the Research and Development division and deputy of the Investment Controlling and Consulting department. Parallel to his work at PPCmetrics he also has two mandates at the University of Zurich (lectureship on “Mathematics for economists” for the Institute for Operations Research and “Asset Allocation & Alternative Investments” for the Department of Banking and Finance).

ERMANNO PITACCO
Ermanno Pitacco is full professor of Actuarial Mathematics, in the Faculty of Economics, University of Trieste, and academic director of the Master in Insurance and Risk Management at the MIB School of Management of Trieste. He is an actuary, full member of the Istituto Italiano degli Attuari (Italy), and affiliate member of the Institute and Faculty of Actuaries (UK). He is Co-editor of the “European Actuarial Journal”, and Associate Editor of the international journals "Insurance: Mathematics & Economics" and “Decisions in Economics and Finance”; member of the Groupe Consultatif Actuariel Europeen, member of the Education Committee of the IAA (International Actuarial Association), and member of the IAA Health Section Committee. Main fields of scientific interest are life and health insurance mathematics and techniques, pension mathematics, longevity risk, portfolio valuations. He is author or coauthor of textbooks and papers in the fields of scientific interest. His papers have been published, among the others, on: Insurance Mathematics & Economics, ASTIN Bulletin, Journal of Pension Economics and Finance, Belgian Actuarial Bulletin, Journal of Actuarial Practice, Applied stochastic models in business and industry, AStA Advances in Statistical Analysis, Giornale dell’Istituto Italiano degli Attuari. In 1996 he was awarded with the INA Prize for Actuarial Mathematics from Accademia Nazionale dei Lincei, and in 2011 with the Bob Alting von Geusau Memorial Prize, together with Annamaria Olivieri, for “Stochastic Mortality: the Impact on Target Capital” as the best paper published in the ASTIN Bulletin on an AFIR related topic.

DAVID VOLKMANN
David Volkmann is a graduate student in business engineering at the Karlsruhe Institute of Technology, where he majored in Mathematical Finance and Statistics. He is recipient of the KIT Research Student Award 2012, under which he researches on the Normal Tempered-Stable Copula and its applications at the Institute of Economic Theory and Statistics together with Prof. S. T. Rachev and Dr. Y. S. Kim.
During his studies he also visited the Owen Graduate School of the Vanderbilt University in the United States as an exchange scholar, and conducted various international internships including UBS Investment Bank department for Credit Risk Control in New York.

DAVID STACK
David studied at the University College Dublin. He is the Managing Director of AGRIMAX, which has been founded in 2002, as a Consulting firm. This sole proprietorship has a Client base that spans all sectors of global agribusiness – Producers, Consumers, and Investors of all asset classes. Agrimax’s ability to understand global trading of physical commodities, as well as financial derivatives and financial markets, makes it unique. David has been for 30 years involved in Agribusiness, including 7 years at college, 22 years in Commodities trading, risk management & derivatives, 12 years building and marketing risk management solutions, 5 years Blue chip Energy Trading company experience, 3 years at a “Wall Street” Bank managing the Ag portfolio. He has a network of relationships across global Agribusiness and a track record in IT that has designed and built systems, which work. David’s professional experiences: Barclays Capital (2005-2008), Bunge Global Agribusiness (2003-2004), Louis Dreyfus Corporation (1996-2002), Enron Capital & Trade Resources (1994-1995), British Petroleum (1991-1993), Woodhouse, Drake & Carey (IFFCO) & Louis Dreyfus Trading Ltd (1987-1990).

CRAIG PIRRONG
Dr Pirrong is Professor of Finance, and Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business at the University of Houston. He was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University. Professor Pirrong's research focuses on the organization of financial exchanges and financial exchange markets, competition between exchanges, the economics of commodity markets, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. He has published 30 articles in professional publications and is the author of four books, the most recent of which is "Commodity Price Dynamics: A Structural Approach.". He holds a Ph.D. in business economics from the University of Chicago.

ROBERTO CICCONE
Roberto Ciccone teaches Political Economy and History of Economic Thought at the Faculty of Economics of Roma Tre University, where he also coordinates the course of Laurea Magistrale in Scienze Economiche. He is a member of the Board of the Centro Ricerche e Documentazione “Piero Sraffa”, hosted by the Department of Economics of Roma Tre University, and of the Board of Directors of STOREP (Associazione Italiana per la Storia dell’Economia Politica). His research interests are mainly addressed to the modern reappraisal of the classical theory of income distribution and relative prices, the critique of neoclassical theory, the reappraisal of the Keynesian approach and its extension to the analysis of capital accumulation and growth, including the relevance in that respect of economic policies.

CARLO LUCHERONI
Carlo, PhD, is currently Assistant professor of Financial Mathematics in the School of Science and Technologies, University of Camerino, Camerino (MC), Italy. He is trained in Theoretical Physics, does research and teaches in Finance. His current main interests are econometrics and microeconomics of
electricity markets and monetary markets, under an interdisciplinary approach, in a complex system and computational view.

DARIO CARDILLI
Dario has a Post graduate degree in Economic Policy. He is CEO Unicredit Pension Fund since 2008. He is head of Pension Funds – Unicredit s.p.a., director and member of Investment Committee of Effepilux SICAV and Effepilux Alternative. In the period 1990 – 1997 he had been employed at the Bank of Italy - Supervisory Department – Regulatory Division: prudential regulation, in particular about capital adequacy and internal control systems; in 1997 - 1999 he was at Bank of Italy - Supervisory Department – Crisis Management Division: management of crisis (bankruptcy; compulsory liquidations) of banks and investment firms; in 1999 – 2002 he was at Banca di Roma – Balance and Accounting Department and in 2000 he became Head of Risk Management; in 2002 – 2007 he has been Chief Risk Officer at Capitalia and in 2006 – 2008 CEO of Banca di Roma Pension Fund.

PAOLO FALBO
Paolo Falbo is associate professor at the Quantitative Methods Department of the University of Brescia. He is author of several publications in the area of environmental and energy markets and of risk management. His other major research interests are related to the analysis and pricing of real options, the analysis of the informational efficiency of financial markets and the simulation methods based on Markov chain theory. He has served as consultant to relevant Italian energy companies such as ENI, Agip, Snam and GME.

CHRIS HARRIS
Chris is head of retail regulation in rwe npower and visiting professor of sustainable power distribution at the university of bath.
His previous background is trading, marketing, consulting, quantitative analysis and asset management.