Professor Carol Alexander

Professor of Finance at the University of Sussex, Visiting Professor at Peking University HSBC Business School and Co-Editor of the Journal of Banking and Finance

Carol has held the following positions in financial institutions: Fixed Income Trader at UBS/Phillips and Drew (UK); Academic Director of Algorithmics (Canada); Director of Nikko Global Holdings and Head of Market Risk Modeling (UK); Risk Research Advisor, SAS (USA). She also acts as an expert witness and consultant in financial modelling for banks, asset managers and exchanges. From 2010 – 2012 Carol was Chair of the Board of PRMIA (Professional Risk Manager’s International Association). From 1995 – 2004 she worked half-time as an academic and half-time in the finance industry. From 1985 – 1998 Carol was lecturer in Mathematics and Economics at the University of Sussex. From 1999 – 2012 she was Chair of Risk Management at the ICMA Centre, University of Reading.

She returned to Sussex in 2012 and was Head of the Business and Management Department until 2015. She joined the Journal of Banking and Finance as managing editor in 2013 and since 2017 she has been on the Steering Committee of the Fields Institute Centre for Financial Industries.

She publishes widely on a broad range of topics, including: volatility theory; option pricing and hedging; trading volatility; hedging with futures; alternative investments; random orthogonal matrix simulation; algebraic number theory, game theory and real options. Most recent research is focussing on crypto assets and their derivatives, esp. microstructure and price discovery, innovations in blockchain protocol, P2P lending, ICO crowdfunding and crypto asset pricing.

Carol has written and edited numerous books in mathematics and finance and published extensively in top-ranked international journals.  Her four-volume textbook on Market Risk Analysis (Wileys, 2008) is the definitive guide to the subject. Her latest book (co-edited with Douglas Cumming, FAU) is on Corruption and Fraud in Financial Markets (Wileys, May 2020, 624 pages).