Thomas Ho Company offers consulting services to financial institutions, helping them with issues regarding their asset/liability management, risk management, compliance, valuation, modeling and analytical model implementation. This service includes regular preparation of reports and consultations with you or your Board, as appropriate.
Tom Ho has been a senior consultant to major financial institutions including AIG from 1999-2005. As retained consultant to the enterprise risk management group, Tom reported to the CEO, Mr. Greenberg. He designed the global risk management system, ALM processes for the life companies, and risk monitoring processes for derivatives.
Prior to July 1999, he was an Executive Vice President of BARRA, Inc., where he headed the Research Group in New York City. He integrated the fixed-income systems with the equity systems. He joined BARRA when the firm merged with Global Advanced Technology (GAT) in June 1997. When Tom founded GAT in 1987, he developed cutting edge technology for delivering innovative solutions to 250 major global institutional clients. Clients include Metropolitan Life, Prudential Life, New York Life and many others. Out of the top 10 largest life insurance companies then, nine of them were GAT clients. GAT formed an alliance with Tillinghast and the alliance was the first to introduce an economic value based asset and liability management process.
Tom received his Ph.D. in Mathematics in 1978 from the University of Pennsylvania. He joined New York University's Stern School of Business as Professor of Finance from 1978 until 1990. He became a full professor in 1985.
Named one of the most prolific authors in finance based on a study by Cooley and Heck, Journal of Finance (2003). Authored, co-authored and edited over 11 books. The Ho-Lee model is the first arbitrage-free interest rate model. The paper is ranked 17th of most cited papers in 20 years by Risk Magazine. Author of key rate durations (the widely used interest rate risk measure). 2 chapters of the Oxford Guide to Financial Modeling and other papers included in the readings for the actuarial examinations.
Professional Activities
Associate Editor of Journal of Derivatives, Journal of Applied International Finance and Journal of Investment Management
Global Association of Risk Professionals, contributor for examinations.
Elected member of the US Financial Economists Roundtable
Board member of the Finance Mathematics Program, Courant Institute of Mathematics, New York University