William J. Procasky, CFA, Ph.D. 316 Gateway Road New Wilmington, PA (724)

Similar documents
The Indigo Group at Morgan Stanley. Indigo Sustainable Portfolios

Steve Miller, Ph.D., CPCU, ARM

Dror Parnes, Ph.D. Page of 5

Bacon Financial Management, Inc. dba Financial Strategies Group Client Brochure

The Indigo Group at Morgan Stanley. Indigo Sustainable Portfolios

Advanced Credit Analytics Panel Discussion

Firm Brochure March 31, Concordia Advisors, L.L.C Avenue of the Americas, Suite 3202 New York, NY 10019

MCGOVERN FINANCIAL ADVISORS, LLC 425 Washington Street Westfield, NJ

Finance (FIN) Courses. Finance (FIN) 1

Finance (FIN) Courses

NAMHOON AUGUST LEE Southern Wesleyan University 907 Wesleyan Dr. Central, SC O

OMER UNSAL. Ph.D. in Financial Economics Expected May Master of Business Administration B.A. Economics 2011

Traub Capital Management, LLC. Individualized Money Management

Opportunity Portfolio. 3 rd Quarter, 2018

ASSET ALLOCATION: DECISIONS & STRATEGIES

Franklin K2 Alternative Strategies Fund

PUBLICATIONS: Refinancing Risk and Cash Holdings, with S. Klasa & J. Harford, Journal of Finance, 2014, v69i3, [Lead Article June Issue]

Susan B. Watson th Place West Des Moines, IA (515)

Form ADV Part 2B Brochure Supplement. 800 N. Shoreline Blvd., Suite 2200 South Corpus Christi, Texas

Global Portfolio Management Biographies

What can I do with a Major in Math?

Steven B. Perfect, Ph.D., CFA

Ruth Prato, CPA, CFE, MAc. University of Alaska, Fairbanks

Finance. Faculty. Undergraduate. Graduate. Finance 1

Journal of Business Case Studies September/October 2011 Volume 7, Number 5

Ronald G. Worsham, Ph.D., C.P.A. School of Accountancy Marriott School of Business Brigham Young University

Walter D. Schwidetzky 1420 N. Charles St. Baltimore, MD

Willis Johnson & Associates, Inc.

Wednesday, March 5, 2014 Houston, TX. 1:30 2:45 p.m. IMPROVING RISK MANAGEMENT AND INSURANCE PLACEMENTS USING ANALYTICS

Apprises the Board of Trustees of activities and strategic direction of the institution.

Hilton Capital Management FOCUSED. DILIGENT. DRIVEN.

DEPARTMENT OF FINANCE AND REAL ESTATE

Rita Benefield, cim, fma, fcsi Vice-President & Portfolio Manager

A&M Taxand: IPO READINESS APPROACH

FINANCE. Finance 1. Advanced Fixed Income Analysis and Portfolio Management

SMID Low Volatility Strategy. 6/30/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:

Form ADV Part 2B Brochure. Main Office 800 N. Shoreline Blvd, Ste South Corpus Christi, Texas

Jamison Monroe. The Monroe Vos Consulting Group, Inc McKinney, Ste 1200 Houston, Texas August 1, 2013

CHEN Weizhong Professor

(exams, HW, etc.) to the

GUIDE TO THE UNDERGRADUATE PROGRAM IN ECONOMICS

DR PANAYIOTIS C. ANDREOU

ABRAMS BISON INVESTMENTS, LLC

ROBERT EDWIN BARNHILL, III P.O. Box 2583; Lubbock, Texas Phone number: (806) ; ; Fax

Disclaimer. Investment Suitability is important.

Accounting & Tax Issues with an ESOP and Creating Tax Efficient Liquidity with ESOP 1042 Tax Deferral

E L M IR A S. N A M IN

Dynamic Large Cap Value Equity

MMI LINCOLN LINCOLN MIDDLE MARKET INDEX INSIDE THIS ISSUE

JENNIFER LYNN BROWN. 300 E Lemon St. (480) McCombs School of Business Ph.D. in Accounting May 2008

EDUCATION. THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA Philadelphia, PA Master of Business Administration, Finance (2002) Graduated with Honors

Growth & Income Strategy. 12/31/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:

The PNC Financial Services Group, Inc. Basel III Pillar 3 Report: Standardized Approach June 30, 2018

NorthCoast CAN SLIM Investment Strategy

Budget Director POSITION DESCRIPTION. Budget Director. Drew University has retained KULPER & COMPANY, LLC to advise them in this search

Large Cap Low Volatility Strategy. 12/31/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:

SHAWN NI. Personal Data

Ph.D., Risk Management and Insurance, Fox School of Business,

Covington & Associates, Inc. 597 Westfield Ave. Westfield, NJ 07090

Candidates for Election of Council Members for 2015

Frequently Asked Questions on the U.S. Qualification Standards

The Millennial Perspective: An Intergenerational Discussion on Retirement Solutions. Tuesday, June 28, 2016 Speaker Bios

Craig D. Hodges 2905 Maple Ave.

Deutsche Bank Credit Overview

PGEQ PRESENTATION NOVEMBER 4, 2016

Texas Market Update Week of December 10, 2018

Building A Model For Long Term Growth August 2004

Deutsche Bank Client & Creditor Presentation

The HGC Merger Arbitrage Fund. Extremely Focused. Uniquely Disciplined. December 2017

Dynamic Large Cap Value Equity

Finance, M.S. About the Program. Courses. Finance, M.S. 1. FOX SCHOOL OF BUSINESS AND MANAGEMENT (

Capital Markets (FINC 950) DRAFT Syllabus. Prepared by: Phillip A. Braun Version:

Gideon Ozik, PhD Accounting, Law, Finance and Economics Department Research Associate & Affiliate Professor of Finance EDUCATION

Willis Johnson & Associates, Inc.

S&P 500 Optimal Weight Strategy. 9/30/ Vanderbilt Beach Road, Suite 102 Naples, Florida V:

PEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINES AND MANAGEMENT Course Syllabus

Vitae. Pei Peter Lung, PhD in Finance. Denver Clearing House Endowed Chair Professor 2101 S. University Blvd., Denver, CO 80208

A closer look at CRSP

IL HWAN CHUNG. RESEARCH & TEACHING INTERESTS Public Budgeting, Education Policy, Program Evaluation, and State and Local Public Finance

Thomas K. Anderes. Professional Experience Professor, University of Arizona..July 1, 2013-present Tucson, Arizona

Deutsche Bank Credit Overview

IBFD 7th International Tax Lecture

Iqbal Mansur, Ph.D. Professor Accounting, Economics and Finance School of Business Administration

Blott Asset Management, L.L.C. 14 Wall Street, 20 th Floor, New York, NY OFFICE (917) , FAX (866) ,

The Different Roles of Fairness Opinions in Different Types of Deals

PIMCO Solutions Group

Walter N. Carter EXPERIENCE. Gateway Asset Management LLC 2008 to present Saint Louis, Missouri Managing Principal

INFORMATION STATEMENT. Wilmington Funds. Wilmington International Fund (f/k/a Wilmington Multi-Manager International Fund)

Fayez Sarofim & Co Large Cap Equity

UNIVERSITY TRAINING BOOT CAMP

Christopher C. Lucas CFA, CPA Principal

RUSSELL INVESTMENTS CAPITAL, LLC

Preparing for Individual Year-End Tax Planning

Syllabus for Capital Markets (FINC 950) Prepared by: Phillip A. Braun Version:

Nicos A Scordis, Ph.D. Professor The John R. Cox/ACE Limited Chair in Risk and Insurance The Peter J Tobin College of Business St.

WEIDONG TIAN. Department of Finance Belk College of Business University of North Carolina at Charlotte Tel: (704)

Dynamic Large Cap Value Equity

FRANCESCA TOSCANO. Department of Finance Wayne State University Prentis Building 5201 Cass Ave, Detroit MI 48202

PATRICK M. LYNCH, CPA, CFE, CFF, DABFA, CrFA, CPCU, CLU, ChFC

FIXED INCOME PORTFOLIO

Transcription:

William J. Procasky, CFA, Ph.D. 316 Gateway Road New Wilmington, PA 16142 (724) 946-7162 procaswj@westminster.edu PROFESSIONAL SKILLS 20 years of practitioner experience in banking, corporate and structured finance, derivatives and trading Ph.D. in International Business (Finance) published in peer reviewed journals CFA Charterholder with MBA in Finance and BA in Mathematics Significant experience teaching university-level finance and economics courses EDUCATION TEXAS A&M INTERNATIONAL, Laredo, TX August 2012 - December 2016 Ph.D, International Business Administration (Finance Concentration) Thesis: Three Essays on Systematic Information Flow between Credit Derivative and Equity Markets UNIVERSITY OF PITTSBURGH, Pittsburgh PA August 1991 - July 1992 Joseph M. Katz School of Business Masters of Business Administration/concentration in Finance DICKINSON COLLEGE, Carlisle PA August 1985 - May 1989 Bachelor of Arts Majors in Mathematics and German RESEARCH AREAS OF INTEREST Debt capital markets, credit derivatives, debt pricing, default risk, market efficiency, investments REFEREED PUBLICATIONS Procasky, William and Nacasius Ujah (2016), Terrorism and Its Impact on the Cost of Debt, Journal of International Money and Finance, 60, 253-266 (also appeared in CFA Digest, April 2016, Volume 46 Issue 4) Procasky, William, Nacasius Ujah and Zubair Raja (2014), FFO to Total Debt: A More Efficient Proxy of Capital Structure, Journal of Accounting and Finance, 14(6), 71-90 WORKING PAPERS Default Risk Based Heterogeneity in Systematic Information Flow between High Yield Credit Derivative and Equity Markets (Job Market Paper) The Cross-Market Efficiency of Systematic Investment Grade Credit and Equity Markets Differences in Cross-Market Information Flow between Systematic and Sector based Markets

Efficiency of Capital Markets: Is the Value Premium Dead? Revisiting the Day of the Week Anomaly using Style Indices (with Raja, Z. and R. Oyotode) TEACHING EXPERIENCE WESTMINSTER COLLEGE, New Wilmington, PA August 2017-Current Assistant Professor of Financial Economics Financial Markets and Institutions (BA/ECO 385) Principles of Corporate Finance (BA/ECO 350) Managerial Economics (ECO 310) Economic Reasoning (ECO 150) TEXAS A&M INTERNATIONAL UNIVERSITY, Laredo, TX August 2014-May 2017 Adjunct Finance & Economics Faculty/Ph.D. Graduate & Research Assistant Investments and Portfolio Management (FIN 3330), 2014 Managerial Economics (ECO 3320), 2014, 2016 Economic Development (ECO 4350), 2015, 2016 Average Student Evaluation: 4.9/5.0 INDUSTRY EXPERIENCE PROCASKY RISK MANAGEMENT ADVISORS LLC, Houston, TX March 2017-Current Principal Provider of risk management consulting and analytical services to financial institutions and commodity trading & supply companies, including corporate credit risk policies and underwriting standards, risk analytics reporting, complex risk mitigation solutions, cost of credit calculation methodologies, portfolio management strategies, credit analysis training modules and macroeconomic and credit market commentaries BP ENERGY CO., North America Gas & Power, Houston, TX July 2005-July 2012 Chief Credit Officer & Global Credit Liaison February 2010-July 2012 Supervised 30-person credit group supporting North America s largest energy derivatives dealer Managed portfolio of $23 billion in credit limits to over 2,000 counterparties Devised/implemented portfolio credit strategies, including buying and selling of CDS Oversaw implementation of potential future exposure and cost of credit methodologies Presented weekly portfolio and credit market updates to Executive Leadership Team Member of North American Enterprise Risk Committee Director, Financial Products Origination and Macroeconomist January 2008-Janaury 2010 Member of team ranked #1 global natural gas derivatives dealer by Energy Risk Magazine Generated gross margin via execution of financial energy derivatives Structured complex credit solutions, including risk-weighted asset arbitrage Developed Target E&P Credit VAR to optimize portfolio allocation of producer capital Advised executive management on economic, financial and credit market conditions Distributed daily macroeconomic and credit research, analysis and commentary

Credit Origination Manager & Deputy Chief Credit Officer July 2005 January 2008 Delegated highest credit approval authority in North America Managed day-to-day operations of 30-person credit group Developing/implemented credit policy for $17bn trading portfolio Utilized credit derivatives and lien structures to facilitate new business Presented Increasing Efficiency through EDF Credit Measures at 2006 KMV Conference Selected into high potential program (CAPS) for top 2% of organization ABN AMRO, New York Branch January 2004-June 2005 First Vice President & Senior Risk Manager, Energy & Chemicals Risk Management Functioned as member of North American Risk Management Committee ( NARM ) Analyzed creditworthiness and managed counterparty limits of $19 bn portfolio Advised business units on loan, derivative, ISDA and CSA structures Co-chaired derivatives task force focused on improving capital returns and efficiency DZ BANK AG, New York Branch* June 2001- December 2003 Left May 2000 due to pending merger; recruited by management to return once merger fell through Vice President & Originator, Energy Corporate Finance Launched reserve base structured finance initiative targeting mid-cap oil and gas credits Developed risk filters to manage credit risk and maximize RAROC Underwrote corporate credit transactions in the oil, gas and power industries BAYERISCHE HYPO-UND VEREINSBANK AG, New York Branch May 2000-May 2001 Director & Head of German Desk, European Corporate Banking Marketed traditional and structured products across $1 bn corporate loan portfolio Analyzed creditworthiness of US subsidiaries of European multinationals Analyzed prospective leveraged finance transactions for US Corporate Group DZ BANK AG, New York Branch November 1999 April 2000 Vice President & Financial Analyst, International Finance Underwrote credit facilities for U.S. subsidiaries of German corporate Structured $95 mln synthetic lease in conjunction with U.S. leasing partner Underwrote acquisition finance transactions PNC BANK CORP., Pittsburgh PA August 1992 October 1999 Assistant Vice President & Portfolio Manager, Corporate Banking March 1997-Oct. 1999 Presented credit proposals to clients across $650 mln corporate loan portfolio Underwrote credit facilities and presented them to loan committee Performed lease vs. buy and tax lease vs. conditional sale lease analyses. Corporate Credit Officer & Senior Analyst, Leveraged Finance May 1995 - February 1997 Assisted in underwriting LBO s, recapitalizations and debt-financed acquisitions Performed historical and pro-forma base case/sensitivity cash flow analyses Total Quality Management Coordinator, Corporate Operations August 1992 - April 1995 Developed and implemented initiatives to improve back office functions

KEYSTONE OAKS SCHOOL DISTRICT, Dormont PA August 1990 - July 1991 German/Math Teacher CONFERENCE PRESENTATIONS Procasky, William, 19 th Annual Western Hemispheric Trade Conference, Efficiency of Capital Markets: Is the Value Premium Dead? Texas A&M International University, Laredo, Texas, April 2015. Procasky, William, Southwestern Finance Association Conference, Efficiency of Capital Markets: Is the Value Premium Dead? Southwestern Finance Association, Houston, Texas, March 2015. Raja, Zubair (Author and Presenter), Renee Oyotode (Author) and William Procasky (Author), Southwestern Finance Association Conference, Revisiting the Day of the Week Anomaly in Financial Markets using Style Indices, Southwestern Finance Association, Houston, Texas, March 2015. Raja, Zubair (Author and Presenter), Renee Oyotode (Author) and William Procasky (Author), 19 th Annual Western Hemispheric Trade Conference, Revisiting the Day of the Week Anomaly in Financial Markets using Style Indices, Texas A&M International University, Laredo, Texas, March 2015. Procasky, William (Author and Presenter) and Nacasius Ujah (Author), Finance and Economics Conference 2014, Terrorism and Its Impact on the Cost of Debt, Lupcon Center for Business Research, Munich, Germany, August 2014. Procasky, William (Author and Presenter) and Nacasius Ujah (Author), Academy of International Business Conference, Terrorism and Its Impact on the Cost of Debt, Academy of International Business, Vancouver, Canada, June 2014. Procasky, William (Author and Presenter) and Nacasius Ujah (Author), 18 th Annual Western Hemispheric Trade Conference, Terrorism and Its Impact on the Cost of Debt, Texas A&M International University, Laredo, Texas, April 2014. Procasky, William (Author and Presenter) and Nacasius Ujah (Author), 18 th Annual Western Hemispheric Trade Conference, FFO to Total Debt: A More Efficient Proxy of Capital Structure, Texas A&M International University, Laredo, Texas, April 2014. Procasky, William (Author and Presenter), Ujah, Nacasius (Author), Southwestern Finance Association Conference, Funds from Operations to Total Debt: A More Efficient Measure of Leverage for Capital Structure Decision Making, Southwestern Finance Association, Dallas, Texas, March 2014. PROFESSIONAL ORGANIZATIONS CFA Institute Houston Society of Financial Analysts New York Society of Security Analysts (prior) FMA International

REFEREEING Journal of International Money and Finance, 2015, 2017 Journal of Financial Stability, 2017 International Trade Journal, 2014 LANGUAGES Fluent in written and oral German REFERENCES George Clarke, Ph.D. Distinguished Associate Professor of Economics Email: george.clarke@tamiu.edu Tel: 956-326-2557 William C Gruben III, Ph.D. (Retired) Professor of Economics and Finance Email: williamcgruben@gmail.com Tel: 972-971-0116 Steven Sears, Ph.D. Dean/Killam Distinguished Professor of Finance Email: steve.sears@tamiu.edu Tel: 956-326-2480