Faculty & Staff
George Calhoun, Ph.D., Industry Professor & Program Director, Quantitative Finance
Dr. Calhoun has spent 25 years in the high-tech segment of the wireless communications industry. He is a co-founder of InterDigital Communications Corporation (NASDAQ: IDCC), where he was involved for twelve years in the pioneering development of digital cellular technology, including the first systems based on TDMA technology (the architecture underlying approximately 80% of today's cellular networks). InterDigital currently carries a market capitalization of more than $1.5 billion. Subsequently, he was Vice-Chairman of Geotek Communications, and was Chairman of the company's engineering joint venture with the Rafael Armament Development Authority, a branch of the Government of Israel, based in Haifa, to develop a spread spectrum frequency-hopping radio system for fleet radio communications. Most recently, Dr. Calhoun was the Chairman and CEO of Illinois Superconductor Corporation (AMEX: ISO), a public company focused on the application of high-temperature superconducting materials and advanced signal processing techniques to the suppression of interference in wireless networks.
Rupak Chatterjee, Ph.D., Industry Professor, Financial Engineering
Rupak Chatterjee, PhD, is an Industry Professor of Financial Engineering at the Stevens Institute of Technology. Dr. Chatterjee has over fifteen years experience as a Quantitative Analyst for various top-tier Wall Street firms. His last role was as Director of the Multi-Asset Hybrid Derivatives Quantitative Research group at Citi in New York. He was also the Global Basel III coordinator for all modeling efforts needed to satisfy the new regulatory risk requirements. Previously, he has worked at Barclays Capital, Credit Suisse, and HSBC. His educational background is in theoretical physics where he studied at Stony Brook University and the University of Chicago. His research interests have included discrete time hedging problems using the Optimal Hedging Monte Carlo (OHMC) method and the design and execution of systematic trading strategies that embody the hallmarks of capital preservation and measured risk taking.
German Creamer, Ph.D., Associate Professor
Dr. German Creamer is an Associate Professor in the School of Systems and Enterprises and in the Howe School of Technology Management at Stevens Institute of Technology. Dr. Creamer has been a senior manager in the Risk, Information and Banking Division in American Express where he worked in the enterprise-wide risk management and the information management groups. He has taught at Columbia University, Tulane University, and in several leading Latin American business schools. Professor Creamer has been the manager of planning and economic studies at Banco del Pacifico (Ecuador), program officer for the United Nations Development Programme, and economic advisor to the president of Ecuador, and to the government of Equatorial Guinea. He has also consulted for several hedge funds and international organizations such as United Nations Development Programme, World Bank, and US Agency for International Development. Dr. Creamer has a PhD in Computer Science (specialized on computational finance), a MSc in Financial Engineering, both from Columbia University, and a PhD in Economics from the University of Notre Dame. He has published several books and articles, and presented several papers in major conferences in his area of specialization. Professor Creamer is also a CFA charter holder. His current area of research is on algorithmic trading, risk management, financial information systems and data mining/machine learning applications to finance.
Ionuț Florescu, Ph.D., Research Associate Professor & Director of The Hanlon Financial Systems Lab
Dr. Ionuț Florescu is the Director of the Lab from September 2012 and has been with Stevens since Fall 2005. His Ph.D. is in Statistics from Purdue University and his research is concentrated in Stochastic Processes and their applications. He has published articles in Mathematical Finance, Ecosystem dynamics, Computer Vision, Geophysics, Cryptography, Sensor detection and other domains. He is very interested in interdisciplinary activities (reflected by the areas of publications) in particular in the application of sound fundamental probability and statistics principles to other areas.
Eleni Gousgounis, Ph.D., Assistant Professor
Dr. Eleni Gousgounis is a Visiting Assistant Professor at Howe School of Technology Management. Her research interests include behavioral finance, risk management, market efficiency, international finance and emerging markets. Her research focuses on the effect of short sale constraints on pricing, liquidity and market efficiency. Her current project studies the pricing implications of short sale constraints in the Indian equity market.
Jonathan Kaufman, Ph.D., Associate Professor
Dr. Jonathan Kaufman has more than 25 years of experience investing in various securities and other markets. Prior to graduate School, Dr. Kaufman was an account executive at Johnston, Lemon and Co., stock brokers in Washington, D.C. From 1990 to 1994, Dr. Kaufman was a corporate tax attorney with the New York law office of Cravath, Swaine and Moore. Dr. Kaufman re-entered the financial services industry in 1994 with Salomon Brothers/Citigroup, where he subsequently became Head of North American Capital Structuring for Salomon Brothers/Citigroup in New York and a Managing Director, and member of the Global Senior Management Committee of Global Capital Structuring. In April 2003, Dr. Kaufman left Salomon Brothers/Citigroup to pursue private investment management service opportunities in the financial services industry. Since that time he has been the Chairman and Chief Executive Officer of Kaufman Global Capital Advisors, and a Partner in Olympus Capital Management, both hedge fund and capital advisory firms. Dr. Kaufman was awarded a Ph.D. in Economics from the Department of Economics at the University of Chicago, as well as a Juris Doctorate Degree from the University of Chicago Law School. Dr. Kaufman was awarded Bachelor of Arts Degrees in Biology and History from Brown University.
Khaldoun Khashanah, Ph.D., Distinguished Service Professor & Program Director, Financial Engineering
Dr. Khaldoun Khashanah is the Director Financial Engineering (FE) and a Distinguished Service Professor in the School of Systems and Enterprises at Stevens Institute of Technology and Co-Director of Stevens’ MBA in Financial Engineering Program. He initiated the program jointly with the Howe School of Management at Stevens in 2004. Dr. Khashanah joined Stevens in 1994 and started the FE program at Stevens in 2002. He holds a 1994 PhD in Applied Mathematics from the University of Delaware, Newark, Delaware, in the field of Partial Differential Equations and Mathematical Modeling of mixed media. He holds a Master of Science in Applied Mathematics, University of Cincinnati, in Complex Variables. Dr. Khashanah received two undergraduate degrees in Electrical Engineering and Mathematics from the University of Petroleum and Minerals in 1987.
Dr. Khashanah’s research interests and publications include underwater acoustics, elastic and porous-elastic media, linear and nonlinear Biot Theory; inverse problems of parameter identification; ill-posed problems of mathematical physics; image processing, information theory, optimization, high-frequency financial modeling and modeling of complex phenomena. More recently his efforts are dedicated to research on systemic risk, the Science of Complex Adaptive Systems, Systems of Systems and Complexity Theory as they pertain to physical, financial and social sciences and System characteristics theory. Dr Khashanah is a member of the Committee to Establish the National Institute of Finance and the New York Society of Security Analysts.
David Starer, Ph.D., Industry Professor
Dr. David Starer is an Industry Professor in the Financial Engineering Program at Stevens Institute of Technology. He has twenty years of experience in quantitative equity research for institutional fund managers, which include positions at Jacobs Levy Equity Management, Delaware Investments, and Lend Lease Investment Management. He is also a patent agent, and has worked for intellectual property law firms such as Fish and Neave in New York, and F. B. Rice in Sydney Australia. In addition, he has taught electronics and signal processing at the University of Wollongong, Australia. Dr. Starer's research interests lie in portfolio optimization, numerical methods in finance, and the application of real-time signal processing to investments. He has published articles in the IEEE Transactions on Signal Processing, the Journal of Investing, the Financial Analysts Journal, and the Journal of Portfolio Management, from which he received an outstanding article award. Dr. Starer obtained his BSc in Electrical Engineering from the University of Cape Town, his MEng in microelectronics from the University of Pretoria, and his Ph.D. in electrical engineering from Yale University, where he was a research fellow in the Center for Systems Science.