Jayesh Bhansali is a Managing Director, Head of Derivatives and Quantitative Portfolio Management for the TIAA organization. He oversees and manages derivative overlay activities (including interest rate, currency, credit and equity derivatives) and is responsible for quantitative portfolio management on the fixed income side. As member of the senior investment management team he is also involved in TIAA’s General Account asset allocation, portfolio construction, Asset Liability Management and risk compliance matters. He is the lead Portfolio Manager of TIAA’s $32 bln Immediate Annuity (Payout) Portfolio. As a member of risk oversight committees he contributes to the enterprise risk management oversight function.
Mr. Bhansali has more than 29 years of industry experience. He joined TIAA in 1996. Prior to joining TIAA, he worked with Citicorp’s Analytics & Information Technology Solutions Group as a derivatives specialist. Before that, he worked in investment banking with ICICI.
Regulators have sought his thought leadership on topics such as prudent use of derivatives, risk based capital provisioning and counterparty risk management. He has presented at various institutional investors’ conferences both in the US and overseas, on contemporary topics such as managing systemic risk, the alpha / beta optimization, asset allocation under uncertainty, smart commodity beta strategies, credit derivatives and Liability Driven Investing. He has taught at the Columbia Business School as an adjunct professor of finance. He currently serves on the Advisory Committee for the CFA Institute’s Claritas Program and is also on the Board of Advisors for University of Connecticut’s Masters in Financial Risk Management Program.
Mr. Bhansali has published articles in professional journals on wide ranging topics such as credit derivatives, interest rate and emerging markets equity risk management, and inflation-indexed bonds. He also contributed to the Counterparty Risk Management Policy Group’s report titled “Toward Greater Financial Stability: A Private Sector Perspective.” He co-authored a paper titled “Risk Management Challenges Facing Institutional Fiduciaries”.
He is a member of the CFA Institute®, the Chartered Alternative Investment Analyst® and the New York Society of Security Analysts. Mr. Bhansali earned an M.S. in financial engineering from Polytechnic University (NYU-Poly), New York, and a B.Com with honors from the University of Mumbai. He holds the Chartered Financial Analyst® (CFA®) and CAIA® designation. Previously, he also held the Chartered Accountant and Cost Accountant designations from the Institute of Chartered Accountants of India and the Institute of Cost Accountants of India respectively.