D. Sykes Wilford, PhD
Presently D. Sykes Wilford holds the W. Frank Hipp Distinguished Chair in Business at The Citadel, Charleston SC. His academic focus is global financial markets, asset allocation, and business risk management.
He remains active in asset management and risk advisory through relationships with various entities, such as Ashley River Capital, SPS Holdings, and Bayesian Edge. He is involved with private equity, hedge fund, corporate and family office structure (agency theory and practice) and general institutional advisory activities. His work includes acting as a consultant to brokers, banks, central banks, multi-lateral government organizations, foundations, and family businesses. He is a frequent speaker for the CFA Institute, supporting the organization worldwide. With his background in organizational and institutional risk management, he provides educational programs to corporate, private and institutional clients, locally, in Europe, Asia, Australia and the Middle East. In addition Sykes sits on several boards.
He was Chairman of the Advisory Board of Beauchamp Financial Technology (2002 -- 2005) and a founding partner of Hamilton Investment Partners 2003 - 2007. Previously, he acted as the Chief Investment Officer of CDC Investment Management from 1997 to 2002. His professional interest focused on global asset and liquidity management using Bayesian forecasting and modeling techniques. He oversaw the multiple strategies of CDC’s hedge funds. In this capacity he worked with a myriad of clients, service providers, traders and financial institutions.
Previously, Sykes was the Chief Investment Officer of Bankers Trust’s Private Bank and Managing Director of Bankers Trust’s Global Investment Management operations. He was responsible for the asset allocation strategies and management teams globally. He streamlined the private bank’s products, increased risk adjusted returns for client portfolios in general, and ensured that products offered to private clients were designed first specifically in light of clients’ needs.
Before joining Bankers Trust, Sykes spent several years with The Chase Manhattan Bank. He founded and managed the Portfolio Strategies Group in London, which created the market’s first portfolio swap, designed to provide effective risk diversification while enhancing client liquidity. He built the Global Commodity Risk Management and European Index-linked Derivative Products businesses. These units created the first oil swap, oversaw the drafting of the legal documents from which ISDA standards for commodity master forwards were derived, and designed several financial risk management tools that are now ubiquitous to the industry. He developed the European Center for Risk education, which focused on derivatives product creation and investment banking. The Center’s educational course, Advanced Financial Risk Analysis, the genesis of which was a program he devised for central banks, set the standard in risk education for Chase globally. Out of it came the building block approach to financial engineering, which has become standard methodology for understanding sophisticated financial instruments.
Before moving to product development and business management, Sykes was responsible for Chase’s interest rate forecasting activities within the Economics Group of Chase in New York. He was an Economist with the Federal Reserve Bank of New York, as well as Chief International Fixed-Income Strategist for Drexel Burnham Lambert in London. His Ph.D. in Economics is from Tulane University.
He has written extensively in both the academic and popular press. His articles have appeared in research journals such as the American Economic Review, the Journal of Applied Finance and the Journal of Finance. He has authored, co-authored and edited several books, ranging from economic policy in developing countries to Managing Financial Risk, which was cited as the most important contribution to the literature in finance during the nineties. While pursuing his career in the City and on Wall Street, he has been a faculty member at several universities, including Pace University, New York University, L’Université de Saint-Louis in Brussels, Belgium, and The University of New Orleans. He was named Honorary Professor of Finance at the City University of London (Cass School of Business).
Office Hours: By appointment
Vita: Dr. Sykes Wilford