Capital Markets
Professionals
LFS programmes promote confidence, performance and profitability.
Excel with our faculty’s cutting-edge knowledge, practical exercises and workshops.
Leave LFS with a deep understanding, ready to deliver exceptional results.
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Our courses
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Accounting and Capital Requirements
+Asset Management
+Corporate Finance
+Derivatives and Structured Products
+Econometrics and Mathematics
+Financial Market Regulation
+Financial Markets
+Fintech and Artificial Intelligence
+Liquidity and Risk Management
+Macro Products (Bonds, FX, Commodities)
+Micro Products (Equities and Credit)
+Quantitative Techniques and Modelling
+Choose your time zone
Learn in London or remotely anywhere in the world.
Experienced advisors, with extensive knowledge of course content, can
help you choose the programme best suited to your needs.
Teaching Faculty
Our world-renowned teachers are first class communicators and acknowledged experts in their fields. They combine extensive practical experience with profound theoretical understanding.
Simon Acomb
Dr Simon Acomb has over 30 years of experience in quantitative finance. He started his career in finance at Barclays deZoete Wedd in 1992 in the Equities Derivatives Group and progressed to run the quantitative research team. This was followed by five years at Commerzbank, where he established a derivatives proprietary trading team and then beca...me head of the equity quantitative research group. Most recently, Simon has been a managing director at Morgan Stanley as global head of the Equities Analytic Modelling Group. He now works as a consultant and trainer in mathematical finance.
Katia Babbar
Katia Babbar holds a BSc in Mathematics from University College London and a PhD in Stochastic Analysis from Imperial College. With over 20 years of experience in the financial industry in the City of London, she has held leadership positions at UBS, Citi, and Lloyds Banking Group, overseeing FX Derivatives Quant Research teams and e-FX Algo Tradin...g as a Managing Director. As a Visiting Lecturer at the University of Oxford, Katia teaches courses on Statistics Financial Data Analysis and Decentralized Finance for the MSc in Mathematical and Computational Finance program. She is also a co-founder of Immersive Finance, a prominent FinTech company specializing in institutional-grade risk management and alpha generation for Digital Assets.
Enrique Benito
Enrique Benito is a senior risk management professional at a major global bank in London with first hand experience on collateral management and optimisation, treasury, ALM and regulatory matters. His past experience spans consulting at a big 4 auditing firm, where he advised financial institutions on implementation of collateral management framewo...rks and liquidity and capital requirements, and roles at GE Capital Bank, the Central Bank of Spain and the former UK Financial Services Authority where he was involved on the development and implementation of the Basel III framework. Enrique holds a PhD in Economics from City, University of London.
Werner De Bondt
Dr Werner F.M. De Bondt is director of the Richard H. Driehaus Center for Behavioral Finance at De Paul University in Chicago and one of the founders of the field of behavioral finance. Between 1992 and 2003, he was the Frank Graner Professor of Investment Management at the University of Wisconsin-Madison. Dr De Bondt studies the psychology of i...nvestors and financial markets. His research is interdisciplinary. He has examined key concepts of bounded rationality, e.g., people's tendency to exaggerate the true impact of new information, their bent towards wishful thinking, or their biased perceptions of risk. Dr De Bondt is a frequent speaker to academics and investment professionals around the world and his research articles have appeared in many scholarly journals. He holds degrees in economics, engineering, and public administration, as well as a Ph.D. in Business Administration from Cornell University (1985).
Seppe vanden Broucke
Dr Seppe vanden Broucke currently works as an assistant professor at the department of Decision Sciences and Information Management at KU Leuven. His research interests include business data mining and analytics, machine learning, profit driven analytics, fraud analytics, process management and process mining. His work has been published in renowne...d international journals and presented at top conferences. Dr vanden Broucke received a PhD in Applied Economics at KU Leuven, Belgium in 2014 after obtaining a Master’s degree (magna cum laude) in Business Economics: Information Systems Engineer from the same institution.
David Cox
Dr David Cox has wide practical experience of the financial markets and an international reputation as a teacher of high-level short courses. His career includes ten years in banking, primarily with Bank of America Capital Markets. After leaving the City he joined the staff of London Business School, where he set up the financial markets semina...r programme, did research and maintained an active external teaching and consultancy practice. Dr Cox is the founding director of London Financial Studies and specializes in quantitative techniques, rates, inflation, risk management and derivative products. He was on the executive education faculty of ICMB in Geneva (now Swiss Finance Institute) for fourteen years and continues to run programmes for professionals and their clients at leading financial institutions as well as the US and UK governments.
Dan Crisan
Dan Crisan is a Professor in Mathematics at Imperial College London. His expertise is in the area of Stochastic Analysis with applications in Engineering and Finance. He has published over 30 articles in journals world-wide and his current research involves developing high-order numerical algorithms for solving stochastic and deterministic partial ...differential equations, approximating schemes for backward stochastic differential equations and particle methods for nonlinear filtering. His book "Fundamentals of Stochastic Filtering" was published by Springer Verlag in their prestigious series Stochastic Modelling and Applied Probability. He has just completed the editorial work on "The Oxford Handbook of Nonlinear Filtering" - an advanced monograph on the subject. Professor Crisan is a member of the editorial board of the Journal of Mathematics and Computation published by the London Mathematical Society. He has developed and taught a course on Numerical Stochastics within the MSc programme in Mathematical Finance at Imperial College London.
Zareer Dadachanji
Dr Zareer Dadachanji is a quantitative analysis consultant with over 2 decades of corporate experience, mostly in financial quantitative modelling across a range of asset classes. He spent 13 years working as a front-office quant at banks and hedge funds, including NatWest/RBS, Credit Suisse and Standard Chartered Bank, where he held the position o...f Global Head of FX Quants. Dr Dadachanji’s areas of expertise are the modelling of FX and Equity derivatives. He combines these specialist areas with a wide knowledge of general quantitative modelling, gained through years of senior-level engagement in the activities of global cross-asset quant teams. Dr Dadachanji is the founder and director of Model Quant Solutions, an independent consultancy providing bespoke financial quantitative analysis solutions. He holds a triple first in Natural Sciences and a PhD in Computational and Theoretical Physics, both from the University of Cambridge.
Toon Daenen
Toon Daenen holds a Master's degree in Business Engineering from the prestigious Solvay Business School (VUB). He utilizes his academic background to make substantial contributions to the field. Toon plays a pivotal role in spearheading the development and management of the PRIIPs KID and ESG (SFDR/EET/...) cutting-edge solution that aligns with in...dustry standards and regulatory compliance. Currently, with his expertise and unwavering dedication, Toon significantly bolsters growth and success at RiskConcile.
Richard Fedrick
Richard Fedrick teaches courses globally in all areas of finance with a particular emphasis on interest rates and FX, derivatives, exotic options, structured products and risk management. He started his career in 1988 in the Derivatives Product Group at Morgan Stanley, which he joined after three years of post-graduate research in Theoretical Physi...cs. He spent three years as a rates and FX structurer at Morgan Stanley before moving to Deutsche Bank in London, where he joined a newly-formed team designing and selling structured products across Europe. In 1993 Richard joined General Re Financial Products, a AAA-rated derivatives boutique that rapidly became established as one of the world’s leading derivatives trading operations. At GRFP, Richard initially ran the structuring desk, before moving into trading (rates and FX exotics), and finished as a Managing Director and global co-head of structuring and sales. He joined Dresdner Kleinwort Wasserstein in 2002 before moving into the executive education industry in 2004. Richard has a 1st Class degree in Physics from St John’s College, University of Oxford.
Ignace Fets
Ignace Fets is currently a senior risk management professional at RiskConcile, a risk management advisory firm based in Belgium. Next to holding a master’s degree in Mathematics, he also obtained a master’s degree in Financial and Actuarial Engineering at the Catholic University of Leuven. He started his career as a big four risk advisory consu...ltant, where he was mainly working on credit risk, Basel capital requirements, solvency II and derivatives valuations. As a certified Financial Risk Manager (FRM), he performs risk advisory projects for some major London based hedge funds. He combines market, credit and liquidity risk calculations with a software suite including Python, Neo4j, PostgreSQL and AWS.
Helyette Geman
Dr Helyette Geman is the Director of the Commodity Finance Centre at the University of London and Johns Hopkins University. She is a graduate of Ecole Normale Superieure in Mathematics, holds a Masters degree in Theoretical Physics, a PhD in Probability from the University Pierre et Marie Curie and a PhD in Finance from the University Pantheon Sorb...onne. Dr Geman has been a scientific advisor to major financial institutions, insurance companies and energy, commodity and mining companies for the last 21 years, covering the spectrum of interest rates, catastrophic risk, crude oil and natural gas, metals and agriculturals, including fertilizers and land. She was for five years Head of Research at Caisse des Depots in Paris, then has consulted for a large number of mining, oil companies and commodity houses, including Louis Dreyfus, BHP Billiton, EDF Trading, Bunge, Invivo, Wilmar International and Office Cherifien des Phosphates. Dr Geman has published over 140 papers (out of which 20 on Commodities and Shipping) in top international finance and insurance Journals including the Journal of Finance, Mathematical Finance, Geneva Papers on Insurance and Journal of Financial Economics. She was named in 1993 Member of Honour of the French Society of Actuaries. Her research includes catastrophic insurance, commodity spot and forward curve modelling, valuation of physical assets in the mining and agriculture industry, as well as exotic option pricing for which she won the first prize of the Merrill Lynch Awards in 1995. Dr Helyette Geman was named in 2004 in the Hall of Fame of Energy Risk. Her book Commodities and Commodity Derivatives: Energy, Metals and Agriculturals published by Wiley Finance in 2005 has become the reference in the field. Dr Geman is a Member of the Board of the UBS-Bloomberg Commodity Index. She counts among her PhD students Nassim Taleb, author of the Black Swan. She published in 2008 the book Risk-Management in Commodity Markets: from Metals to Agriculturals and Energy. Geman became in 2010 a Scientific Adviser to the European Union for Agricultural Commodities Wiley Finance Published Author.
Jon Gregory
Dr Jon Gregory is an independent expert specializing in counterparty risk and xVA related projects. He has worked on many aspects of credit risk in his career, being previously with Barclays Capital, BNP Paribas and Citigroup. He is also a senior advisor at Solum Financial Derivatives Advisory. Jon is author of the books “The xVA Challenge: Coun...terparty Risk, Funding, Collateral, Capital and Initial Margin” (now in its fourth edition) and “Central Counterparties: The Impact of Mandatory Clearing and Bilateral Margin Requirements on OTC Derivatives”, both published by Wiley Finance. Jon holds a PhD from Cambridge University. Wiley Finance Published Author.
Scott Henderson
Scott Henderson holds degrees in Economics and Psychology, laying the foundation for his successful career in financial markets compliance, risk, and governance. With over 20 years of experience in Investment Banking, Scott began his professional journey by trading Precious Metals and FX Options in London and Hong Kong. Throughout his career, he ha...s taken on various roles in Surveillance, addressing the risk of Market Abuse, Money Laundering, and Unauthorised Trading. Driven by his educational background, Scott has developed a keen interest in studying the risk-taking personalities of traders, investigating the relationship between corruption and economic performance, and leveraging data science to enhance surveillance practices.
Marc Henrard
Dr Marc Henrard is an independent expert specializing in interest rate modelling and risk management, and a visiting professor at University College London. Over the last 20 years, Marc has worked in various areas of quantitative finance. His experience includes management positions in risk management, trading, software development and quantitativ...e research. He previously worked as Global Head of Interest Rate Modelling for Dexia Group, Deputy Head of Treasury Risk at the Bank for International Settlements (BIS), and Head of Quantitative Research and Deputy Head of Interest Rate Trading also at BIS. Marc's research focuses on interest rate modelling, risk management and their efficient implementation. More recently, he has focused his attention to market infrastructure (CCP and bilateral margin, exchange traded product design, regulatory costs). He publishes on a regular basis in international finance journals, and is a frequent speaker at academic and professional conferences. Marc is the author of the books "The multi-curve framework: foundation, evolution and implementation" and "Algorithmic Differentiation in Finance Explained". Marc holds a PhD in Mathematics from the University of Louvain, Belgium. He has been a research scientist and university lecturer in Belgium, Italy, Chile and the United Kingdom.
Andre Horovitz
Andre Horovitz is the Founder of Financial Risk Fitness and has over 25 years of experience in the financial services industry. Mr Horovitz started his banking career at Lehman Brothers, where he was responsible for pricing, developing hedging strategies and marketing exotic interest rate derivatives. He subsequently held senior executive positions... at Oliver, Wyman & Co., Commerzbank, HVB Group (currently part of Unicredit), Nagler & Company and was Chief Risk Officer at Erste Bank and Credit Suisse. He is a frequent speaker at conferences and a contributor to various industry journals. His areas of expertise cover all classes of financial risk management including overall institutional strategy. Mr Horovitz holds an Engineering Diploma in Hydraulics from The Technical University Bucharest and an MBA in Finance from Stern Business School. He is also a certified GARP Financial Risk Manager (FRM).
Ruben Kerkhofs
Ruben Kerkhofs is a data scientist working at Riskconcile. Ruben holds a Master’s degree in Statistics and Data Science (KU Leuven) and a Bachelor’s degree in Business and Information Systems Engineering (Hasselt University). He currently pursues a PhD in Financial Mathematics at the KU Leuven where he studies the impact of climate change on financ...ial markets and the development of climate stress tests. Ruben teaches courses on data management and analytics to graduate students from the KU Leuven and has been a speaker and workshop host at leading research institutions and business schools.
Peter Leoni
Dr Peter Leoni graduated with a PhD in mathematical physics and started his professional career in Belgium, where he worked for KBC Asset Management as a risk manager modelling equity and interest rate derivatives. He then moved to ING as a front office quant on the exotic equity derivatives desk; and before the credit crunch hit, Dr Leoni reali...zed that energy modelling had a lot of unsolved issues and decided to change his career path towards commodities, focusing on energy. Dr Leoni then spent 4 years in the trading unit of GDF Suez in Brussels, working thereafter for a private fund in Geneva and Macquarie Bank in London. He is currently the director of trading for the London/Geneva office of a privately owned trading firm. He holds a position of visiting professor for the Catholic University of Leuven in Belgium since 2011 and has published several articles on modelling, pricing and hedging derivatives in equity and commodities markets. In 2014, Dr Leoni published the book “Hedging and the Greeks Explained”.
Henrik Lumholdt
Henrik Lumholdt is a seasoned finance professional with over 30 years of capital markets experience. A partner in Copenhagen Allocation Partners, an investment advisory, he spends most of his professional time focused on international economies and capital markets. Previous roles include Chief Investment Strategist of Spain’s largest asset mana...gement company, BBVA AM, Chief Economist for Bank of America, Spain, Head of Fixed Income Research at FG / Merrill Lynch and Senior Economist for Nordea Bank. Henrik has been an adjunct professor of economics and finance at IE Business School since 2001 and has won numerous prizes for outstanding teaching. He is the author of: “Strategic and Tactical Asset Allocation: An Integrated Approach”, Palgrave Macmillan (2018).
Naina Patel
Naina Patel is a trained lawyer with over 20 years of experience in international banking and structured finance transactions, including real estate finance, loans, leverage finance, debt capital markets, securitization, structured products, repos, derivatives and financial regulatory and compliance. Naina has been actively involved in the creat...ion of innovative award winning structured transactions and negotiating complex financings. She has advised global institutions such as Credit Suisse, Citigroup and Goldman Sachs and spent many years practicing law at Allen & Overy, Linklaters and Sidley Austin Brown & Wood in multiple jurisdictions including London, New York, Hong Kong and Singapore. Naina holds a Law LL.B (Hons) degree from University College London and has worked in the Finance Know-how team at Clifford Chance. She is also an author and runs her own business consultancy.
Juan Ramirez
Juan Ramirez is a senior professional at a major international bank, having previously worked at a big four accounting firm, advising on specific complex financial instruments and transactions, primarily related to (de)recognition, consolidation and hedging. He also advises banks on Basel III/IV and IFRS 9 issues, as well as being involved in al...l elements of capital ratios: reporting, measurement, stress testing, planning and optimization. Juan is one of the best known professionals in hedge accounting and the link between IFRS 9 impairment model and capital. Previously, he was responsible for the marketing of strategic equity derivatives to corporate and banking clients at BNP Paribas in London. With an MBA from University of Chicago, Juan moved to London to work at JP Morgan (Chase) and later Lehman Brothers, Barclays Capital and Banco Santander. He has devoted more than 20 years to marketing structured derivatives solutions, including commodity, credit, equity, fixed income and FX, and has witnessed at first hand the practical accounting issues related to these markets since the implementation of IFRS. Juan is the author of “Accounting for Derivatives” and “Handbook of Corporate Derivatives and Equity Capital Markets” published by Wiley Wiley Finance Published Author.
Wim Schoutens
Prof Wim Schoutens is Research Professor in financial engineering in the Department of Mathematics at the Catholic University of Leuven, Belgium. He has extensive practical experience of model implementation and is well known for his consulting work in the banking industry. Wim is also the author of Lévy Processes in Finance: Pricing Financial D...erivatives and co-editor of Exotic Option Pricing and Advanced Lévy Models both published by Wiley. He is also co-author of "The Handbook of Convertible Bonds" and "The Handbook of Hybrid Securities" (Wiley). His research interests cover all areas of financial mathematics, and recent publications cover jump driven credit models as well as equity models, model risks, hedging of exotics and multivariate financial modelling. Wim is also an independent expert advisor to the European Commission (DG-Competition) on “State aid assessment of valuation of impaired assets and of asset relief measures” and is a Managing Editor of the International Journal of Theoretical and Applied Finance and Associate Editor of Mathematical Finance and Review of Derivatives Research. Wiley Finance Published Author.
Tony Sims
Tony Sims has wide experience of teaching mathematical methods to students at all levels. He is MBA Course Director at Kingston University Business School and has been involved in delivering both short course and management development programmes for over 20 years. During this time he has acquired considerable practical experience through consul...ting projects in financial model development for business. Tony's teaching methods are both engaging and effective and he is well known for his skill in teaching mathematical concepts to people without a quantitative background.
Jan De Spiegeleer
Dr Jan De Spiegeleer is a co-Founder of RiskConcile a risk management advisory firm based in Lausanne. From 2007 till 2015 he was the head of risk management at Jabre Capital Partners, a Geneva-based hedge fund. Jan gained extensive knowledge of derivatives pricing, hedging and trading while working for KBC Financial Products in London, where he... was managing director of the equity derivatives desk. He also ran his own market neutral statistical arbitrage hedge fund (EQM Europe) after founding Erasmus Capital in 2004. Jan holds a Masters Degree in Civil Engineering (Royal Military Academy- Brussels - Polytechnic Division – 1988), an MBA (KU Leuven – 1994) and a PhD in mathematics (KU Leuven – 2013).
Andreas Steiner
Andreas Steiner is an independent consultant with over 15 years of practical experience in investment management. He focuses on investment process with related projects ranging from risk management to portfolio construction. He has published research on a wide range of investment topics - i.e. "Risk Parity for the Masses" in The Journal of Inves...ting - and is currently working on a book covering asset allocation and applied portfolio theory. Previously, Andreas held various roles at banks and fund management companies and was Head of Investment Risk Management at a private bank in Switzerland. He was also an external lecturer at the Zurich University of Applied Sciences, delivering courses on portfolio theory, performance analysis, international investing and Behavioural Finance. Andreas holds a Master's degree magna cum laude in Economics from the University of Zurich specializing in Monetary Economics and Financial Markets. He is also a member of various industry associations related to investment performance and risk.
Rupesh Tailor
Rupesh Tailor is a banking sector specialist with over fourteen years’ experience, having worked for sell-side and buy-side financial institutions including Goldman Sachs, Barclays Capital, Merrill Lynch, Auriga Investors and Morgan Stanley. He specialized in the European bank sector as well as the analysis of high yield and leveraged finance inves...tments. His responsibilities included analysis, trading and portfolio management of credit and equity products. Rupesh has consulted for two of Europe’s Global Systemically Important Banks (GSIBs) regarding their stress test modelling - as part of the 2014 European Central Bank/European Banking Authority stress test of euro area banks - and has also developed stress test models for a variety of other banks’ ICAAP and ILAAP needs. His proprietary stress-testing models are widely recognized as having accurately predicted the failures of various US, Irish, Spanish and Icelandic banks; as well as being highly successful at identifying businesses in structural decline at an early stage. He delivers courses globally in Asset-Liability Management, Bank Stress-Testing, Basel III, High Yield & Leveraged Finance, Distressed Debt, and Fixed Income Attribution to financial institutions and central banks. He is also a sought-after speaker and chairperson at leading industry events. Rupesh received a MA in Economics from Cambridge University and achieved First Class Honours.
Jean-Luc Verhelst
Jean-Luc Verhelst is the author of the book Bitcoin, the Blockchain and Beyond (2017) and a renowned public speaker, trainer and advisor on blockchain. He teaches at multiple universities and training centers in Europe and the Middle East and advises corporates on their blockchain journey through workshops and advisory. Prior to his current posi...tion, he worked several years as a strategy consultant and became the blockchain leader for Deloitte Belgium after having spent several months at Deloitte’s EMEA Blockchain Lab. He worked for numerous clients in Europe, managed the development of blockchain solutions, and delivered internal trainings in EMEA and the USA. He also co-founded blockchain communities, was selected by the European Commission as a member of the EU Blockchain Observatory and Forum and won the world’s largest blockchain hackathon of 2016. His master thesis on Bitcoin received the award for best financial thesis of 2014 in Belgium. Jean-Luc holds academic degrees in IT and business. Most importantly, Jean-Luc has a real passion for blockchains and how they will shape our future.
Uwe Wystup
Professor Uwe Wystup is an extremely experienced practitioner in the field of foreign exchange options, a senior academic and a highly engaging teacher. He has twenty years of financial markets experience as a consultant, financial engineer, trader and structurer at Citibank, UBS, Sal. Oppenheim, Commerzbank and MathFinance and is also honorary ...Professor of quantitative finance at Frankfurt School of Finance & Management and Professor of financial option price modeling at the University of Antwerp. Prof Wystup is well known for his many publications on FX exotics and related topics: his 2002 book on Foreign Exchange Risk has become a market standard, including a translation in Mandarin. His second book on FX Options and Structured Products appeared in November of 2006 as part of the Wiley Finance series. Wiley Finance Published Author.
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What our clients say:
Rupesh is an excellent teacher. He offered lots of practical exercises and a clear explanation of the topic [Advanced Bank Liquidity Management].
Transaction Management Analyst, European Investment Bank
"The London Financial Studies (LFS) course was very enlightening and practical. The professor showed exceptional professionalism and mastery of the course topics. I will encourage every financial organization to consider LFS for their in-house courses.''
Consultant, The World Bank
"Wonderful group of people at LFS - efficient, professional and dedicated to you for the duration of your course. I was particularly impressed with the curation of a reading list available to all those that sign up for a course - something you have access to for up to a year following your course date!''
Quantitative Developer, Royal Bank of Scotland
"LFS was professional in organising and providing the right lecturers with relevant practical experience.''
Risk Manager, IFC
"As a regulator, I highly recommend this course. The content and examples will be very useful in performing our jobs.''
James, Federal Reserve Bank of New York
"The Capital Markets, Fixed Income, and Interest Rate Derivatives course with Richard Fedrick was genuinely the BEST class I have ever taken. I enjoyed the broad but somehow very detailed overview of the topics and learned an incredible amount. Richard has a gift for teaching and was able to explain difficult topics very clearly. All of the course material is directly applicable to my work. The LFS course was delivered in a way that worked very well in the virtual format.''
Financial Analyst, The World Bank
"The course met all of my expectations and much more! The course content was quite accessible and offered excellent coverage of bilateral margining and central clearing with real life applications and examples. Highly recommend it!''
Specialist, OSFI
"LFS is the best. Front edge and great instruction!''
Peter, FDIC
"Great course with a very skillful and communicative tutor. It exceeded my expectations and strengthened my knowledge of the subject in a short time.''
Risk Manager, Banca d'Italia
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