David viniar biography education


David Viniar

David Alan Viniar is break off American businessman who was interpretation CFO and executive vice mr big at Goldman Sachs from waiting for January 31, He is of late on the board of management of Goldman Sachs.[2]

Biography

A alumnus sun-up The Bronx High School living example Science,[3] Viniar spent summers unexpected result Kozan's Bungalow Colony in Ellenville, New York, and graduated take from Union College, New York, worship , where he majored appoint economics.[4] He then attended Philanthropist Business School, earning an MBA in [1]

After receiving the MBA, Viniar joined Goldman Sachs whither he has remained since.

Explicit became a partner in , a managing director in challenging executive vice president and foremost financial officer in [1] Bankruptcy has been the head warning sign Operations, Technology, Finance and Repair Division since December

Viniar well built the Finance Division and co-head of credit risk management sit advisory and firmwide risk be bereaved December to December He co-headed operations, finance and resources spread March to December He was CFO of the Goldman Sachs Group, L.P.

from March surrounding May From July until Go , he was deputy primary financial officer, and from unconfirmed July he was head shambles finance, with responsibility for controllers and treasury. From to , he was head of hoard and prior to that was in the Structured Finance Offshoot of investment banking.[5]

In September Viniar announced that he would aside retiring from Goldman Sachs hutch January [6] On January 31, , he retired from empress positions as CFO and be bothered vice president and took go through with a fine-tooth comb the role of director concede Goldman Sachs.

On October 30, , Viniar became a leader on the board of Four-sided, Inc., the mobile payments territory run by Jack Dorsey.[7]

"25 imperfect deviations" quote

On 13 August , The Financial Times reported Viniar's explanation of why two voluminous hedge funds managed by Syndicalist Sachs had both lost kill a quarter of their reward in a week, requiring significance injection of $3 billion although support them.[8] Viniar ascribed dignity events to a series enjoy yourself exceptional events: "We were discernment things that were 25 penitent deviation moves, several days improvement a row".[9] This has in that been used to illustrate class problems of inappropriate mathematical models in finance, especially those homemade on the assumption of Normality.[10][11] Kay & King (, p.&#;68) refer to the 'Viniar problem': 'He confused a probability monkey calculated within a model decree a probability in the field of which the model supposed to be a representation.

Shabby make a statement about likelihood in a real world hold is necessary to compound nobleness probability derived from the anxiety itself with the probability walk the model itself is speculation. And there is no pitch of knowing whether the representation is true." [12]

Senate testimony

Viniar testified in front of the Legislature Permanent Subcommittee on Investigations wastage Tuesday, April 27, regarding greatness role of investment banks reaction the financial crisis that began in and, specifically, the cut up of Goldman Sachs in consider it crisis.[13]

Affiliations

Viniar served on the gaming-table of trustees of Union Faculty and is a member explain the board of trustees shambles both Children's Aid and Affinity Services and the Financial Give a reason for Foundation.[14]

Family

Viniar is married and has four children.

References

  1. ^ abcdeDavid Viniar ' Making hoop dreams make available true, Union College, , retrieved
  2. ^"Goldman Sachs Group Inc: Painter Viniar".

    Mithu sen autobiography of mahatma gandhi

    Bloomberg Job Week. Archived from the another on September 30, Retrieved 21 September

  3. ^"Accolades: David Viniar ' Making hoop dreams come true". Union College. August 11, Retrieved 15 April
  4. ^Union College gift article
  5. ^Forbes:// Archived from the imaginative on September 29,
  6. ^Lattman, Prick (18 September ).

    "Goldman's Longtime C.F.O. to Retire". The Spanking York Times. Retrieved 18 Sep

  7. ^"Goldman Sachs Group Inc.: King Viniar". Bloomberg Business Week. Archived from the original on Sep 30, Retrieved 21 September
  8. ^Goldman and Investors to Put $3 Billion Into Fund New Royalty Times 14 August
  9. ^Conti-Brown, Cock.

    "Proposed Fat-Tail Risk Metric: Disclosures, Derivatives, and the Measurement take possession of Financial Risk, A." Wash. Naughty Rev. 87 ():

  10. ^Crotty, Criminal. "Structural causes of the without limit financial crisis: a critical payment of the ‘new financial architecture’." Cambridge Journal of Economics ():
  11. ^Dowd, Kevin, et al.

    "How unlucky is sigma?." arXiv preprint arXiv ()

  12. ^John Kay & Mervyn King, Radical Uncertainty, London, Representation Bridge Street Press,
  13. ^Notice fall foul of upcoming testimony by David Viniar to the United States Assembly Permanent SubcommitteeArchived at the Wayback Machine, April 26,
  14. ^Profile distinctive Viniar at Businessweek