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Janet
Tavakoli
Structured
Finance Expert, Consultant, Expert Witness, Author, Speaker
Janet Tavakoli is one of
the world's foremost experts in credit derivatives, complex
derivatives, interest rate swaps, collateralized debt obligations,
and securitizations.She is the president of
Tavakoli Structured Finance, Inc. (TSF), a Chicago based
consulting firm founded
in 2003.
Tavakoli consults for financial institutions,
law firms, institutional investors, and private equity
firms. She has also served as an expert in large, high-profile
civil suits, all of which have had successful outcomes
for clients.
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Ms.
Tavakoli gave early warning in articles written for professional
finance magazines of hundreds of billions of dollars in fraud-riddled
structured products that were wildly overrated by credit rating
agencies. She also gave early warnings of severe balance sheet
stress due to leverage and overexposure to flawed financial
products at large financial institutions: AIG, MBIA, Ambac,
Merrill Lynch, Bear Stearns, Freddie Mac, Fannie Mae, and more.
The University of Chicago profiled her as "Structured
Success," and Business Week as "The
Cassandra of Credit Derivatives." Research Magazine profiled
her work in its cover story: “Finding
the Culprits of the Crisis.”
She has
appeared as an expert before forums of the International Monetary
Fund,
the Federal Reserve Bank, the Office of the Comptroller
of the Currency, and the Securities and Exchange Commission.
Her books, Structured Finance & Collateralized
Debt Obligations (2003, 2008), and Credit
Derivatives (1998, 2001) revealed grave
flaws in the methodology for rating structured financial products
and abuses in the credit derivatives markets. For more than ten
years, she
has advocated to revoke the credit rating agencies’ NRSRO
designation for structured financial products.
Ms. Tavakoli
is on the International Advisory Board for the Israel Business
Conference. She is frequently published and quoted
in financial journals including The Wall Street Journal,
Financial Times, New York Times, The Economist, Business
Week, Fortune, HedgeWorld, Bloomberg, Risk Professional, and others.
Frequent television appearances include CBS's 60
Minutes, CNN,
C-Span, CNBC, BNN, CBS Evening News, Bloomberg TV, and BBC.
Janet Tavakoli
has over 28 years of experience in complex finance. She has
traded,
structured and sold derivatives and structured
products at major financial institutions in New York and London.
She is a former adjunct associate professor of finance at Chicago
Booth (the University of Chicago's Graduate School of Business)
where she taught "Derivatives: Futures, Forwards, Options
and Swaps."
Janet Tavakoli is the former Executive Director, Head of Financial
Engineering in the Global Financial Markets Division at Westdeutsche
Landesbank in London. She headed market risk management for the
capital markets group for Bank One in Chicago. Tavakoli headed
the asset swap trading desk at Merrill Lynch in New York, headed
mortgage backed securities marketing for Merrill Lynch in New
York, and headed mortgage backed securities marketing to Japanese
clients for PaineWebber in New York. She also worked for Bear
Stearns heading marketing for quantitative research and for Goldman
Sachs.
During her career, she has been registered and licensed with
the SFA, NASD, ASE, CBOE, NYSE, PSE and the NFA and has passed
the series 7, 63 and 3 qualifying exams.
Illinois Institute of Technology: B.S. in Chemical Engineering
University of Chicago Graduate School of Business: MBA in Finance
Adjunct Associate Professor of Finance (1999 and 2000) Chicago
Booth
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