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Board of Trustees

AS OF JULY 2023

Chair of the Board of Trustees

BRADFORD HU

Executive Vice President and Chief Risk Officer, State Street Corporation

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Bradford Hu is Executive Vice President and Chief Risk Officer for State Street Corporation, responsible for leading their risk management function globally. He is also a member...

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Bradford Hu is Executive Vice President and Chief Risk Officer for State Street Corporation, responsible for leading their risk management function globally. He is also a member of State Street’s Management Committee.

Before joining State Street, Brad was Chief Risk Officer for Citigroup. In this role, he led the global risk management organization, which is responsible for developing the Group’s risk governance framework, recommending its risk appetite and ensuring that all risks generated by the businesses are measured, reviewed and monitored on an ongoing basis. Hu reported to Citigroup CEO Michael Corbat and was a member of Citi’s Executive Management Committee.

Earlier, he served as Chief Risk Officer for Citi Asia Pacific, where he was responsible for managing the firm's risks across all of Citi’s businesses in the region’s 17 markets, including consumer banking, corporate and investment banking, securities and trading, and private banking services.

Prior to joining Citi in 2008, Hu worked at Morgan Stanley for more than 20 years, where he served as CEO of Morgan Stanley Taiwan and held a number of senior leadership roles in Firm Management, the Global Equity Division, Global Capital Markets, and Investment Banking. He has more than 15 years of experience in Asia, having worked and lived in Hong Kong, Tokyo, and Taipei.

Hu is the Chair of the GARP Board of Trustees and serves on the Board of Trustees for The Asia Society and The Museum of American Finance. He is a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York; as well as a member of the Advisory Board for the Amos Tuck School of Business.

A graduate of the Massachusetts Institute of Technology in 1985, he earned a bachelor’s degree and a master’s degree in electrical engineering and computer science with a concentration in economics, and received his master’s in business administration with high distinction from the Amos Tuck School of Business Administration, Dartmouth College, where he was elected Edward Tuck Scholar. Hu is married with two children.

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Chair, Audit and Risk Committee

DR. VICTOR NG

Former MD, Head of Risk Architecture, Goldman Sachs

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Victor Ng recently retired as Managing Director, Head of Risk Architecture. Previously, he was chief risk architect in Market Risk, global head of Corporate Risk, global head of...

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Victor Ng recently retired as Managing Director, Head of Risk Architecture. Previously, he was chief risk architect in Market Risk, global head of Corporate Risk, global head of Risk Modeling and co-head of Derivatives Research in Fixed Income. Dr. Ng joined Goldman Sachs in 1995. Prior to joining Goldman Sachs, he worked at the International Monetary Fund as an economist and before that, he was an Assistant Professor of Finance at the University of Michigan at Ann Arbor. Dr. Ng is a member of the Board of Trustees of GARP and its Financial Risk Manager (FRM) committee. He is also a member of various risk and capital related working groups and committees of ISDA, IIF and SIFMA. Dr. Ng has published in leading finance, economics and econometrics journals and was an associate editor of the Journal of Business and Economic Statistics.

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Chair, Compensation Committee

JACQUES LONGERSTAEY

Former EVP and CRO, Financial Risk & Capital Management, TIAA

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Jacques Longerstaey has recently retired after serving as the CRO, Financial Risk & Capital Management for TIAA. Prior to that transition, Jacques was the Chief Risk Officer at...

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Jacques Longerstaey has recently retired after serving as the CRO, Financial Risk & Capital Management for TIAA. Prior to that transition, Jacques was the Chief Risk Officer at Nuveen and a member of the TIAA Enterprise Risk Management leadership team. Before Nuveen, Jacques was the Chief Investment & Model Risk Officer in the Wealth & Investment Management Division of Wells Fargo.

In his over 30 years of experience, he has been the Chief Risk Officer of State Street Global Advisors and Putnam Investments in Boston.  While at Putnam, Jacques was voted Risk Manager of the Year by the Global Association of Risk Professionals (GARP) in 2004.

Prior to joining Putnam in November 2003, Jacques was co-head of the risk management group at Goldman Sachs Asset Management in New York and London. From 1987 to 1998, he held various positions at J.P Morgan and Co. (economist and fixed income researcher for the Benelux, head of the Bond Index Group, developer of the RiskMetrics value-at-risk methodology).

Jacques holds a degree in economics from the University of Louvain in Belgium. He is a member of the Board of Trustees of GARP and chairs the compensation committee. While living in Boston, he was the Honorary Consul of Belgium covering New England.

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Chair, Governance Committee

GEOFFREY GREENER

Chief Risk Officer, Bank of America

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Geoffrey S. Greener is Chief Risk Officer of Bank of America. He is responsible for overseeing the company’s governance and strategy for global risk management and compliance,...

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Geoffrey S. Greener is Chief Risk Officer of Bank of America. He is responsible for overseeing the company’s governance and strategy for global risk management and compliance, including relationships with key regulators and supervisory institutions worldwide. Greener is a member of the company’s executive management team.

Greener’s team provides independent oversight and guidance for managing risk and ensuring compliance, including the development and implementation of risk management measures across the company. His team leads efforts to build and sustain a strong culture in which all employees understand the importance of managing risk to deliver responsible growth and serve customers, clients, and communities. Greener has also served in a number of senior roles throughout the company, including Enterprise Capital Management executive.

Greener participates in several organizations that focus on risk, finance, and climate change governance and policy, including the Board of Trustees of the Global Association of Risk Professionals and Stanford University’s Sustainable Finance Initiative Advisory Board. He is also a member of the Bank Policy Institute’s Chief Risk Officer Advisory Committee.

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Trustees

RICHARD APOSTOLIK

President and CEO, GARP

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Richard Apostolik has led the world’s premiere association for risk professionals for 14 years. Previously with Bankers Trust’s (Deutsche Bank) strategic ventures group, Apostolik...

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Richard Apostolik has led the world’s premiere association for risk professionals for 14 years. Previously with Bankers Trust’s (Deutsche Bank) strategic ventures group, Apostolik developed financial risk management initiatives designed to provide credit risk mitigation and management services to financial service companies. He also served as JPMorgan & Co.’s global head of energy brokerage activities and Chief Operating Officer of its global listed product businesses. He ran his own consulting firm and was responsible for the start-up of SG Warburg & Co.’s North American futures and options business. He was an attorney with the US Securities and Exchange Commission, practiced law with a private law firm in Chicago, and was the Chicago Mercantile Exchange’s house counsel. Apostolik holds a BSBA, MBA, and JD from the University of Dayton.

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BEN GOLUB

Senior Policy Advisor, BlackRock, Inc

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Ben Golub, one of the co-founders of BlackRock, is now a senior adviser to the firm, retiring from day-to-day duties after many years as BlackRock’s Chief Risk Officer and co-head...

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Ben Golub, one of the co-founders of BlackRock, is now a senior adviser to the firm, retiring from day-to-day duties after many years as BlackRock’s  Chief Risk Officer and co-head of the Risk & Quantitative Analysis Group. Previously at BlackRock, Dr. Golub was co-head and co-founder of BlackRock Solutions, BlackRock's risk advisory business beginning in 1995.

He is a board member of the Global Association of Risk Professionals, a member of the MIT Sloan School of Management's North American Executive Board, and a member of the MIT Sloan Finance Group Advisory Board. He is also the Chairman of the Advisory Board of the MIT Golub Center for Finance and Policy, and the Chairman of the International Partners Committee of the Asset Management Association of China.

Dr. Golub earned a bachelor’s in management in 1978, a master’s in management in 1982, and a doctorate in applied economics and finance in 1984, all from the MIT Sloan School of Management.

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ANDREW GRAY

Former MD, Group Chief Risk Officer, DTCC

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Andrew Gray is a global C-suite executive with over three decades of experience in financial services. Most recently, Gray served as Managing Director, Group Chief Risk Officer...

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Andrew Gray is a global C-suite executive with over three decades of experience in financial services.  Most recently, Gray served as Managing Director, Group Chief Risk Officer for DTCC with global responsibility for all aspects of risk management, including credit, market and liquidity risk, model risk, operational risk management, third-party risk management, systemic risk, information security and technology risk management, business continuity management, and global security management. He also had responsibility for DTCC’s Enterprise Data Management program. Prior to this role, Gray served as Managing Director, Core Business Management, with overarching responsibility for DTCC's businesses, including clearance and settlement of equities and fixed income products, Asset Services, Wealth Management Services, Insurance & Retirement Services, Institutional Trade Processing and Data Services as well as the firm's marketing and communications function. He also served on the Board of the International Securities Services Association and the external Advisory Board of the NYU Stern Volatility and Risk Institute.

Before joining DTCC in September 2009, Gray spent more than a decade with Merrill Lynch. Most recently, he served as Managing Director and Chief Operating Officer for Merrill’s Latin American and Canadian businesses. Prior to that, he was a managing director in Strategy and Business Development for Merrill’s Global Markets and Investment Banking businesses and for Global Securities Research & Economics. Previously, he was a principal at Booz-Allen & Hamilton, the global management consulting firm.

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STUART LEWIS

Former Chief Risk Officer, Deutsche Bank

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Stuart recently retired as Chief Risk Officer of Deutsche Bank, a position he held for more than ten years. In July 2019 he assumed responsibility for Compliance, Anti-Financial...

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Stuart recently retired as Chief Risk Officer of Deutsche Bank, a position he held for more than ten years. In July 2019 he assumed responsibility for Compliance, Anti-Financial Crime, and the Business Selection and Conflicts Office in addition to gaining responsibility for the U.K. and Ireland. During his more than 25 years at Deutsche Bank Stuart held senior roles including Global Chief Credit Officer, Global Head of Loan Exposure Management Group, and Chief Credit Officer for Asia Pacific. Most recently, he was Deputy Chief Risk Officer and Chief Risk Officer for the Corporate and Investment Bank. He was previously Head of European Credit Risk Management at Credit Suisse. In 2013 Stuart was elected to the GARP Board of Trustees. He is also a member of the Foundation Board of the International Financial Risk Institute and served as Chair from 2016 to 2018.

Stuart is a visiting Professor at the Finance Department of the London School of Economics. He helped establish and advised on the content of the MSc Risk and Finance Programme, where he is a regular speaker. He also works in partnership with the LSE’s internationally renowned Financial Market Group as a member of the Advisory Council and through his support of the Deutsche Bank Doctoral Fellowship Programme.

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LEWIS O’DONALD

Former Chief Risk Officer, Senior Managing Director, Nomura Holdings

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Lewis O'Donald recently left the role of CRO at Nomura Holdings. During his eight-year tenure, he was responsible for the successful application for market and credit risk-based...

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Lewis O'Donald recently left the role of CRO at Nomura Holdings. During his eight-year tenure, he was responsible for the successful application for market and credit risk-based capital for Nomura and its major subsidiaries. He sat on many subsidiary boards for Nomura, including their American business, UK-based subsidiaries, their re-insurance business, and the Frankfurt business. He remains engaged with regulators and other stakeholders in the design and regulation of the financial industry.

Prior to working at Nomura, O'Donald worked for Morgan Stanley, starting in fixed income trading, then working in risk management and finally as Senior Risk Officer for the global wholesale business.

O'Donald is currently a Trustee of GARP. He holds a doctorate in mathematics from Oxford University.

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ALESSA QUANE

Executive Vice President and Chief Insurance Officer, Oscar Health

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Alessandrea (Alessa) Quane is the Executive Vice President and Chief Insurance Officer at Oscar Health. She formerly served as Executive Vice President, Chief Risk Officer for...

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Alessandrea (Alessa) Quane is the Executive Vice President and Chief Insurance Officer at Oscar Health. She formerly served as Executive Vice President, Chief Risk Officer for AIG, overseeing the management of risk on an enterprise-wide basis. Alessa served in a number of increasingly senior roles within Risk and Actuarial at AIG, including Chief Corporate Actuary, Head of Global Actuarial and Value Management, and Chief Risk Officer of AIG Property Casualty.

Alessa has extensive experience in both the domestic and international markets, having spent 13 years in Europe creating and leading the pricing and corporate actuarial functions in Europe and the UK. She relocated to New York to create the enterprise risk management function for the international business within Property Casualty. Prior to her tenure with AIG, Alessa specialized in pricing and research for non-standard auto at Allstate.

Alessa is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and an affiliate member of the Institute of Actuaries. Alessa holds a bachelor’s degree in business administration with a major in actuarial science from Drake University. She was honored in 2019 with the Stuart A. Klugman Distinguished Alumni Award from Drake University for her achievements as an actuary and chief risk officer, her professional engagement and community involvement.

Alessa has served as a frequent industry speaker on topics related to global enterprise risk management issues, the importance of women in positions of influence in the insurance and business arena, and the promotion of the insurance industry in our educational system. She served as an executive sponsor of AIG’s Women’s Executive Leadership Initiative, chairs the North American CRO Council, and is a member of the Drake University School of Actuarial Science and Risk Management Advisory Council and the GARP Board of Trustees. She was a 2019 David Rockefeller Fellow.

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FRANK RONCEY

Group Chief Risk Officer, BNP Paribas

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Frank Roncey began his career with Paribas in Paris in 1989 as an OTC interest rate options trader and market maker. In 1992 he became Global Head of Bond Options Trading, and in...

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Frank Roncey began his career with Paribas in Paris in 1989 as an OTC interest rate options trader and market maker. In 1992 he became Global Head of Bond Options Trading, and in 1995 was appointed Head of Forex and

Forex options trading for Paribas, based in London.

Two years later, he became Global Head of Market & Liquidity Risk for Paribas. Following the merger with BNP that formed the BNP Paribas Group, he was appointed Global Head of Market and Liquidity Risk as well as Operational Risk for the newly merged Group in 2001. In 2004, Roncey became Chief Risk Officer for the Americas.

In 2009, he took on responsibility for the risk oversight of BNP Paribas’ retail banking activities in the western United States — Bank of the West and First Hawaiian Bank — in which capacity he took a seat on the Board of Directors of BancWest and Bank of the West.

In 2011, Roncey became Group Chief Credit Risk Officer and Global Head of Retail and Corporate Risk Management in the Group Risk Management department. He was appointed BNP Paribas Group Chief Risk Officer on 30 September 2014, becoming a member of the Group Executive Committee.

He is an active member of the Global Association of Risk Professionals and the International Financial Risk Institute (IFRI).

Roncey is a graduate of leading French Engineering college École des Mines. He also holds a master’s in business administration from the HEC business school in Paris.

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ALAN SMITH

Senior Advisor, First Church Estates Commissioner, Church Commissioners of the Church of England

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Alan Smith is Senior Advisor, First Church Estates Commissioner, Church Commissioners of the Church of England. He was formerly Senior Advisor of Climate and ESG Risk Management,...

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Alan Smith is Senior Advisor, First Church Estates Commissioner, Church Commissioners of the Church of England. He was formerly Senior Advisor of Climate and ESG Risk Management, HSBC and was a member of HSBC’s Climate Business Council, whose remit is to develop the Group’s sustainable finance strategy; provide oversight and governance of climate initiatives on behalf of HSBC’s Group Executive Committee; and facilitate implementation across businesses, functions and regions. He was also co-chair of the HSBC Climate Risk Oversight Forum which is shaping the Group’s Risk Management for Climate Risk across the Group. 

Alan is an active member of The Coalition for Climate Resilient Investment, a United Nations Climate Action Summit and COP26 flagship initiative, which represents the commitment of the global private financial industry, in partnership with key private and public institutions, to foster the more efficient integration of physical climate risks in investment decision-making. 

Prior to his current role, to which he was appointed in April 2020, Alan was Global Head of Risk Strategy and Chief of Staff to Group Chief Risk Officer at HSBC. In that role, he was a member of the Group Asset and Liability Management Committee from 2015 to 2020 and a standing attendee of the Group Risk Committee to the HSBC Board from 2016 to 2020. He joined HSBC in 1994 and has worked with HSBC for over 26 years in a variety of senior finance, risk, and capital management and investment banking roles in London and in Saudi Arabia. 

Prior to HSBC, Alan, a Fellow of the Institute of Chartered Accountants, worked with KPMG London where he qualified as a Chartered Accountant with the ICAEW. He has a master’s in finance from the Cass Business School, City – University of London, which he attended on a UK Commonwealth Scholarship. He did his undergraduate degree at the University of the West Indies in Jamaica. 

Alan sits on the advisory board of the Centre for Risk Studies at Cambridge University’s Judge Business School. He is a Fellow of the Royal Society of Arts, Manufactures and Commerce. In 2015, he co-authored his first book, “Dreaming a Nation” which won a Frank Collymore Literary Award in Barbados. Alan is a professionally qualified English Cricket Board Level 3 Advanced coach and a playing member of the Marylebone Cricket Club.  He represented Barbados at the junior international level in cricket.

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PETER TUFANO

Professor, Harvard Business School
Emeritus Professor and Dean, Saïd Business School, University of Oxford

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From 2011-2021, Peter Tufano was the Peter Moores Dean and Professor at the University of Oxford’s Saïd Business School, where he advanced a model of embedding the business school...

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From 2011-2021, Peter Tufano was the Peter Moores Dean and Professor at the University of Oxford’s Saïd Business School, where he advanced a model of embedding the business school in the University to enable the Oxford community to tackle world-scale challenges. In 2021, he was part of the founding team of Business Schools for Climate Leadership. In 2022, he returned to the faculty of Harvard Business School as a Professor and also as the Senior Advisor to the Salata Institute of Climate and Sustainability. From 1989-2011, he was a Professor at HBS where he held many roles, including co-founder of the Harvard I-Lab.  His work spans climate risk as well as household risk, along with financial innovation and financial engineering.  He is the chair and co-founder of Commonwealth, which seeks to build financial security and opportunity for financially vulnerable people through innovation and partnerships.  He earned his certification in Sustainability and Climate Risk from GARP in 2020, and has AB, MBA and PhD Degrees from Harvard University.

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