New York – The International Association for Quantitative Finance (IAQF) (formerly the IAFE) and SunGard have named Douglas T. Breeden, William W. Priest professor of finance and former dean of Duke University’s Fuqua School of Business, the 2013 IAQF/SunGard Financial Engineer of the Year (FEOY). The award will be presented to Dr. Breeden by IAQF senior fellow and former FEOY winner and Nobel laureate Robert C. Merton on February 6, 2014, at the Museum of Mathematics in New York City, during the IAQF/SunGard FEOY Award Gala Dinner.
“I am thrilled with this honor and to be included among such distinguished winners. Prior winners’ works have profoundly affected applied research and the practice of finance around the world in central banks and on the global Wall Street, as well as in pensions, endowments, mutual funds, banking and insurance. I thank the board and the senior fellows of the IAQF for this honor, as well as SunGard for supporting this prestigious award,” said Dr. Breeden.
“Dr. Breeden has made significant contributions to financial engineering and continues to be a source of inspiration to his colleagues and students. SunGard, along with the IAQF, is proud to once again sponsor the Financial Engineer of the Year Award and recognize the work of pioneers such as Dr. Breeden,” said Steven Silberstein, chief technology officer, SunGard.
The annual IAQF/SunGard FEOY Award, established in 1993, recognizes individual contributions to the advancement of quantitative finance. Nominations are submitted by a nominating committee of approximately 100 people, consisting of all the IAQF governing boards. They are then reviewed in a two-step process by a selection committee of 25 members, including the IAQF board of directors and senior fellows. This year’s selection committee was chaired by Dr. Robert Engle, an IAQF senior fellow, 2011 FEOY award winner and Nobel laureate.