People

Aaron Brown

Aaron Brown

Formal First Name
Aaron
Link
Dates
1956 - present
Location

Aaron Brown is a finance practitioner, well known as an author on risk management and gambling-related issues. He teaches Statistics at New York University and at the University of California at San Diego, and was Chief Risk Manager at AQR Capital Management. Aaron is best-known for the idea that the economics of modern global derivatives evolved from gambling games rather than older financial institutions, and that gambling remains at the core of economic life. In the late 1980s and early 1990s, he was a key participant in developing modern financial risk management and one of the original developers of Value-at-Risk. He also helped develop the rules that eventually became known as Basel II. During his 27-year Wall Street career, he worked as a trader, portfolio manager, head of mortgage securities and risk manager for institutions including Morgan Stanley, Citigroup and Prudential Insurance. In addition, he is the author of “The Poker Face of Wall Street”, named one of BusinessWeek’s Top 10 paperbacks for summer reading.

Professional Experience


Academic History

EARLY CAREER

  • Aaron was one of the original developers of value risk and one of its strongest proponents.

  • He worked as a Portfolio Manager at Prudential, and Trader and Head of Mortgage Securities at Lepercq, de Neuflize.

  • He was a Risk Manager at JPMorgan Chase, Rabobank, Citigroup, Morgan Stanley and AQR Capital Management.

  • Previously, he also lectured at Fordham and Yeshiva universities.


PUBLICATIONS

  • The Poker Face of Wall Street

  • Red-Blooded Risk: The Secret History of Wall Street

  • Financial Risk Management for Dummies

  • A World of Chance: Betting on Religion, Games, Wall Street

  • Fischer Black and the Revolutionary Idea of Finance


AFFILIATIONS

  • Editorial Board, Global Association of Risk Professionals

  • Member, National Book Critics Circle


AWARDS & RECOGNITIONS

  • Risk Manager of the Year 2012, Global Association of Risk Professionals

  • Financial Educator of the Year, Wilmott Magazine

  • Best of the Web: Theory and Practice of Investing, Forbes


MEDIA & APPEARANCES

  • Aaron speaks frequently at professional and academic conferences.

  • He is also a frequent contributor to professional literature.

  • He writes regular columns for Bloomberg, Wilmott, and Quantum magazine.

  • He has also appeared as a guest on Real Vision.