Dr. David Saunders

Dr. David Saunders is an Assistant Professor in the Department of Statistics and Actuarial Science at the University of Waterloo and heads the research efforts at R² Financial Technologies. He has wide industry experience as an advisor on derivatives valuation, risk management, economic and regulatory capital.

Dr. Saunders, recent industry engagements include projects at Bank of Nova Scotia, OTPPIB, Cyprus Development Bank, Central Bank of Cyprus, BBVA. Research projects include bespoke and Cash CDO valuation and risk management, applications of optimization and stochastic programming for pricing derivatives and risk management, and the development of a general system for solving financial stochastic optimization problems.

Prior to joining the University of Waterloo, Dr. Saunders taught at the University of Pittsburgh (2002-2004), where he also served as co-director of the Professional Masters Program in Mathematical Finance, directing numerous collaborative research projects between students and industrial sponsors (including Toronto Dominion Bank, PNC Bank, Mellon Bank and RiskMetrics), and at the Cyprus International Institute of Management, where he was CLR Chair in Corporate Finance and deputy director of RiskLab Cyprus (a financial risk management research laboratory).

Dr. Saunders is an associate editor of the Multinational Finance Journal, and is a Research Fellow of the HERMES European Centre of Excellence on Computational Finance and Economics at the University of Cyprus. He is the author of many articles on the subjects of risk management, portfolio optimization and derivatives pricing.

Dr. Saunders holds a B.A. from McGill University, an M.Sc. and a Ph.D. from the University of Toronto.