Avinash Persaud
Encyclopedia
Avinash D. Persaud is Chairman of Intelligence Capital Ltd, a company specializing in analyzing, managing and creating financial liquidity in investment projects and portfolios. He is also the non-Executive Chairman of the London-based Elara Capital, a leading investment bank. Professor Persaud is a Senior Fellow with the Caribbean Policy Research Institute
and Head of its Barbados office.
Previously he was managing director and Global Head of Research at State Street Bank, the world's largest institutional investor, (1999–2003) and Global Head of Currency and Commodity Research at J.P. Morgan & Co.
(1993–1999). He was ranked within the top 3 of currency analysts in major international investor surveys, (e.g. Institutional Investor
and Global Finance) between 1992 and 1999. In December 2009, he was listed by a high level Panel set up by Prospect Magazine, second of 25 world brains who have been the best contributors in the public conversation on the financial crisis. (Prospect, December 2009)
Prof Persaud is Co-Chair of the OECD Emerging Market Network. He was a Director of the Global Association of Risk Professionals
(2002–2009) (GARP). In 2008 he was appointed member of a French Presidential Commission on the global credit crunch. He was the economic expert on the UK Government's Advisory Panel on Public Sector Information, (2005–2009) (APPSI)In 2001 he was made a Distinguished Visitor of the Republic of Singapore. He was appointed a Visiting Scholar at the International Monetary Fund
(IMF) (2001–2002) working on risk appetite measures and at the European Central Bank
(ECB) (2005) working on issues of liquidity and transparency in European financial markets. He is frequently a guest speaker at G20 central banks and meetings of officials.
In December 2008, he was appointed a Member of the UN Commission of Experts on International Financial Reform.
In January 2009, he was appointed Chairman of the Second Warwick Commission,
In October 2009, he was appointed an Expert Member of HMT's Audit and Risk Committee.
He held the Mercer Memorial Chair in Commerce at Gresham College
(2002–2005) and was subsequently elected a Fellow of Gresham College (2005–2008) and Emeritus Professor of Gresham College (2007-). He is an elected member of the Council of the Royal Economic Society
(2006–2010). He is a Governor and Member of the Council of the London School of Economics
(2004–2008) and served on its Investments and Audit committees. He is a Visiting Fellow at the Centre for Financial Analysis and Policy, at the Judge Institute, University of Cambridge
and is a Member of the Scientific Committee of the International Centre for Money and Banking Reports on the World Economy (Geneva, Switzerland).
Prof Persaud has published widely in academic and professional journals including International Finance
, Oxford Review of Economic Policy
, Central Banking and the Financial Regulator and his work has appeared in the financial press including The Economist
and BusinessWeek
. He has authored a dozen "Op Ed" pieces for the Financial Times
. He co-authored with John Plender Ethics and Public Finance, published by Longtail (2007) and edited Liquidity Black Holes, published by Risk Books, 2005.
Prof Persaud has won a number of prizes and awards in finance
, including First Prize, Jacques de Larosiere Award from the Institute of International Finance
(2000) and a Bronze, Amex Bank Award in 1994. He is known for creating a number of practical ideas and tools in finance including the EMU Calculator (1997), the Risk Appetite Index (1996) and the idea that market-sensitive risk management systems can create liquidity black holes in financial markets.
Professor Persaud is actively involved in education and poverty related charities. He is Deputy Chair of the Overseas Development Institute
, He is a Member of the Finance Committee of Coram Family. He is a patron of the Bishnodat Persaud Scholarship and a former trustee of the Nita and Errol Barrow Educational Trust and the Lokahi Foundation.
Prof Persaud is the son of development economist, Professor Bishnodat Persaud and novelist, Dr. Lakshmi Persaud
. His elder brother is psychiatrist Prof Dr. Rajendra Persaud
and his younger sister is former city Economist Sharda Dean.
Valuation, Regulation and Liquidity, Financial Stability Review, Bank of France, Autumn 2008.
Redesigning the regulation of pensions and other financial products, with J. Nugee, Oxford Review of Economic Policy, Pensions, Vol 2, January 2006.
The Seven Rules of Foreign Exchange, Quarterly Journal of Central Banking, A. Persaud, May 2004.
Liquidity Black Holes, Risk Books, Ed. 2003.
Pure Contagion and shifting risk appetite, International Finance, M. Kumar, and A. Persaud, Winter 2002.
The Knowledge Gap, Foreign Affairs, March/April 2001.
Sending the herd off the cliff edge: the disturbing interaction between herding and market-sensitive risk management systems, Institute of International Finance, Washington, 2000.
Caribbean Policy Research Institute
The Caribbean Policy Research Institute works to promote evidence-based dialogue on development within Caribbean societies. It is the first public policy think tank in the Caribbean region.-History:...
and Head of its Barbados office.
Previously he was managing director and Global Head of Research at State Street Bank, the world's largest institutional investor, (1999–2003) and Global Head of Currency and Commodity Research at J.P. Morgan & Co.
J.P. Morgan & Co.
J.P. Morgan & Co. was a commercial and investment banking institution based in the United States founded by J. Pierpont Morgan and commonly known as the House of Morgan or simply Morgan. Today, J.P...
(1993–1999). He was ranked within the top 3 of currency analysts in major international investor surveys, (e.g. Institutional Investor
Institutional investor
Institutional investors are organizations which pool large sums of money and invest those sums in securities, real property and other investment assets...
and Global Finance) between 1992 and 1999. In December 2009, he was listed by a high level Panel set up by Prospect Magazine, second of 25 world brains who have been the best contributors in the public conversation on the financial crisis. (Prospect, December 2009)
Prof Persaud is Co-Chair of the OECD Emerging Market Network. He was a Director of the Global Association of Risk Professionals
Global Association of Risk Professionals
The Global Association of Risk Professionals is an international not-for-profit organization founded in 1996 by Marc Lore and Lev Borodovsky...
(2002–2009) (GARP). In 2008 he was appointed member of a French Presidential Commission on the global credit crunch. He was the economic expert on the UK Government's Advisory Panel on Public Sector Information, (2005–2009) (APPSI)In 2001 he was made a Distinguished Visitor of the Republic of Singapore. He was appointed a Visiting Scholar at the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
(IMF) (2001–2002) working on risk appetite measures and at the European Central Bank
European Central Bank
The European Central Bank is the institution of the European Union that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of the world's most important central banks. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt,...
(ECB) (2005) working on issues of liquidity and transparency in European financial markets. He is frequently a guest speaker at G20 central banks and meetings of officials.
In December 2008, he was appointed a Member of the UN Commission of Experts on International Financial Reform.
In January 2009, he was appointed Chairman of the Second Warwick Commission,
In October 2009, he was appointed an Expert Member of HMT's Audit and Risk Committee.
He held the Mercer Memorial Chair in Commerce at Gresham College
Gresham College
Gresham College is an institution of higher learning located at Barnard's Inn Hall off Holborn in central London, England. It was founded in 1597 under the will of Sir Thomas Gresham and today it hosts over 140 free public lectures every year within the City of London.-History:Sir Thomas Gresham,...
(2002–2005) and was subsequently elected a Fellow of Gresham College (2005–2008) and Emeritus Professor of Gresham College (2007-). He is an elected member of the Council of the Royal Economic Society
Royal Economic Society
The Royal Economic Society is incorporated by a Royal Charter dated 2 December 1902. It is one of the oldest economic associations in the world. Currently it has over 3,300 individual members, of whom 60% live outside the United Kingdom...
(2006–2010). He is a Governor and Member of the Council of the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
(2004–2008) and served on its Investments and Audit committees. He is a Visiting Fellow at the Centre for Financial Analysis and Policy, at the Judge Institute, University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
and is a Member of the Scientific Committee of the International Centre for Money and Banking Reports on the World Economy (Geneva, Switzerland).
Prof Persaud has published widely in academic and professional journals including International Finance
International finance
International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, global financial system, and how these affect international trade. It also studies international projects, international investments and capital flows, and trade deficits. It includes...
, Oxford Review of Economic Policy
Oxford Review of Economic Policy
Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic...
, Central Banking and the Financial Regulator and his work has appeared in the financial press including The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
and BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
. He has authored a dozen "Op Ed" pieces for the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
. He co-authored with John Plender Ethics and Public Finance, published by Longtail (2007) and edited Liquidity Black Holes, published by Risk Books, 2005.
Prof Persaud has won a number of prizes and awards in finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, including First Prize, Jacques de Larosiere Award from the Institute of International Finance
Institute of International Finance
The Institute of International Finance, Inc. is the world's only global association of financial institutions. It was created by 38 banks of leading industrialised countries in 1983 in response to the international debt crisis of the early 1980s...
(2000) and a Bronze, Amex Bank Award in 1994. He is known for creating a number of practical ideas and tools in finance including the EMU Calculator (1997), the Risk Appetite Index (1996) and the idea that market-sensitive risk management systems can create liquidity black holes in financial markets.
Professor Persaud is actively involved in education and poverty related charities. He is Deputy Chair of the Overseas Development Institute
Overseas Development Institute
The Overseas Development Institute is one of the leading independent think tanks on international development and humanitarian issues. Based in London, its mission is "to inspire and inform policy and practice which lead to the reduction of poverty, the alleviation of suffering and the achievement...
, He is a Member of the Finance Committee of Coram Family. He is a patron of the Bishnodat Persaud Scholarship and a former trustee of the Nita and Errol Barrow Educational Trust and the Lokahi Foundation.
Prof Persaud is the son of development economist, Professor Bishnodat Persaud and novelist, Dr. Lakshmi Persaud
Lakshmi Persaud
Lakshmi Persaud is a Indo-Caribbean novelist. She was born in Trinidad and Tobago in 1939. She is classified also as a novelist of the Indian diaspora. Some of her writings are on Indo-Caribbean themes as well as themes of cultural change. She has published four novels...
. His elder brother is psychiatrist Prof Dr. Rajendra Persaud
Raj Persaud
Rajendra Persaud , also known as Raj Persaud , born 13 May 1963, Reading, Berkshire is an English consultant psychiatrist, broadcaster, and author of popular books about psychiatry....
and his younger sister is former city Economist Sharda Dean.
Major publications
The Fundamental Principles of Financial Regulation, with M. Brunnermeier, A. Crockett, C. Goodhart,H. Shin, Geneva Report on the World Economy Series, 11, ICMB/CEPR/NBER, May 2009.Valuation, Regulation and Liquidity, Financial Stability Review, Bank of France, Autumn 2008.
Redesigning the regulation of pensions and other financial products, with J. Nugee, Oxford Review of Economic Policy, Pensions, Vol 2, January 2006.
The Seven Rules of Foreign Exchange, Quarterly Journal of Central Banking, A. Persaud, May 2004.
Liquidity Black Holes, Risk Books, Ed. 2003.
Pure Contagion and shifting risk appetite, International Finance, M. Kumar, and A. Persaud, Winter 2002.
The Knowledge Gap, Foreign Affairs, March/April 2001.
Sending the herd off the cliff edge: the disturbing interaction between herding and market-sensitive risk management systems, Institute of International Finance, Washington, 2000.