IRMC 2020 | Krakow, Poland


International Risk Management Conference


Oliviero Roggi is a professor of Corporate Finance, University of Florence and NYU Stern. He earned his Ph.D in Management and Finance at University of Bologna and City University Business School European Joint Ph.D program in 1998. Visiting Researcher at City University Business School from 1998 to 2000, he has been appointed Assistant Professor in Corporate Finance in 2000. He is Professor of Corporate Finance at University of Florence since 2004. Founder of the Finanza Firenze Research Center in 2007. In 2008, together with Edward Altman – NYU Stern Salomon Center, he also founded the International Risk Management Conference. In 2008- 2009 he served as Visiting professor in Accounting Masters Program at Universidade de Fortaleza (Brasil). Consultant at European Commission, Regione Toscana (Italy) and other public owned entities is acting and doing research in the area of Enterprise Risk Management, and in particular Credit Risk since 2004. Member of the Scientific Committee of the Country Risk Forum of Associazione Bancaria Italiana (ABI – Italian Bankers Association). He has published papers and books on SME rating and on rating models generally speaking. In 2009, he published a book on “Risk Value and Company Default”. He is Co-author of Aswath Damodaran, NYU STERN, for the forthcoming 3° Italian edition of Applied Corporate Finance and he is NYU Stern Visiting Scholar since 2009 and consultant at IFC World Bank group since 2010.

Edward I. Altman is a Max L. Heine Professor of finance and the director of research in Credit and Debt markets at the Salomon Center for the Study of financial institutions at the New York University Stern School of Business. Dr Altman received his MBA and PhD in Finance from the University of California, Los Angeles.  Prior to serving in his present position, he chaired Stern’s MBA program for 12 years. Dr. Altman was named to the Max L. Heine endowed professorship at Stern in 1988.
Internationally recognized as an expert on corporate bankruptcy, high yield bonds, distressed debt, and credit risk analysis. He served as President of the Financial Management Association in 2003, and was appointed an FMA Fellow in 2004.  Dr. Altman was named one of the most influential people in Finance by Treasury & Risk Management magazine in 2005, he is a Founder and Executive editor of the international publication and has published or edited many books and articles in scholarly finance, accounting, and economic journal. His work has appeared in many languages including French, German, Italian, Japanese, Korean, Portuguese and Spanish.  He has been Chairman Emeritus and a member of the Board of Trustees of the Interschool Orchestras of New York, and a founding member of the Board of Trustees of the Museum of American Finance.

Prof. Menachem Brenner‘s primary areas of research include derivative markets structure, option pricing, inflation expectations, auctions, market efficiency and liquidity. His articles have appeared in leading journals in finance and economics including the Journal of Finance, the Journal of Financial Economics, the Journal of Business, the Journal of Political Economy and the Journal of Monetary Economics. In 1986, he co-invented (with Prof. Galai) the volatility index based on the prices of traded index options and introduced the idea of volatility derivatives, an idea which was implemented 20 years later. He has written more than 60 scholarly articles in diverse areas in finance and economics. Professor Brenner was a founding editor of the Review of Derivatives Research and has served on several editorial boards and program committees. He is a regular member of the Deutsche Bank Prize in Financial Economics nominating committee. He received several grants and the Graham Dodd Award for excellence in financial writing. He was also awarded Stern’s Glucksman Prize for the best new research paper in Finance. In addition to working with doctoral students and teaching the popular finance course on “Futures and Options,” he served as deputy chairman of the finance department and is currently the director of the Masters in Global Finance program, a joint venture between the Hong Kong University of Science and Technology’s Business School and NYU Stern. Before joining Stern, Professor Brenner was a tenured faculty member at the Hebrew University. He has been a Visiting Professor at Berkeley, the University of Bergamo, University of Melbourne and Tel Aviv University.
Professor Brenner also served as an Advisor to the Bank of Israel, the Securities Authority and was a board member of the Tel Aviv Stock Exchange where he chaired the committee that recommended the establishment of an Options Market in Israel. He was a floor trader in options and futures at the NYFE and NYSE.


Mariusz Andrzejewski is Associate Professor at the Cracow University of Economics and is the dean of the College of Economics, Finance and Law, as well as the head of the Department of Financial Accounting. He is a graduate of three various degrees, i.e. accounting at the Faculty of Management at the Cracow University of Economics; automation and robotics a part of artificial intelligence and computer science, both at the Faculty of Electrical Engineering, Automatics and Electronics of the AGH University of Science and Technology in Krakow. During his studies, he was awarded three times a scholarship of the Minister of National Education. In 2001, during the implementation of the grant founded by the Committee of the Scientific Research (KBN) he prepared and defended his doctoral dissertation entitled “Disclosure requirements of information by listed companies in Poland in the context of the global solutions.”

He possesses extensive practical experience gained while sitting on various supervisory boards and management boards. Currently, he is the chairman of the supervisory board of PKP Polskie Linie Kolejowe SA, the vice-chairman of the supervisory board of Tauron Sprzedaż Sp. z o.o. and a member of the supervisor board of the PKO Bank Polski. He was an arbitrator of the Arbitration Court at the Polish Financial Supervision Authority. In the years 2005–2006 he was the Undersecretary of State in the Ministry of Finance.

He is a member of the Polish Economic Society (PTE) and the Scientific Council of the Accountants Association in Poland. He is also a member of the European Accounting Association (EAA) and the International Association for Accounting Education & Research (IAAER). He served as a mentor to four successfully completed doctoral dissertations. He is the author and co-author of over 150 scientific publications and dozens of economic expertise.

Marzena Piszczek holds a PhD in economics and she is Assistant Professor in the Department of Public Finance, Cracow University of Economics. Her professional career started with work for the First Polish American Bank in Kraków. She has worked as an expert in numerous projects, including consolidation of Polish banking sector, chemical sector, introducing the civil nuclear power industry in Poland. She was involved in several IPO projects for biggest Polish companies as well as budgeting reforms at local level (for more than 300 municipalities), national level (as an expert in Chancellery of Prime Minister) and abroad (preparing reforms for Russia, Ukraine, participating in a research project for Open Society Institute, Budapest). She is a co-author of task-based budgeting methodology for Poland. Moreover, she supervised privatization processes and executing ownership rights in the Małopolska Region on behalf of Minister of Treasury, the Republic of Poland. She was a president the Małopolska Agency for Regional Development S.A., a member of management boards in various entities (PGE EJ 1, PGE EJ SA) and a chairwoman of supervisory boards in national companies such as PKO BP SA, PZU SA, Azoty Tarnów SA.

Her latest works and interests focus on financial system stability, self-government financial independence, assessment of financial condition of self-government units, improvements of budgeting methods, good governance and corporate governance.

Rafał Sieradzki PhD, is Assistant Professor in the Department of Economics, Cracow University of Economics (Poland). Before that for six years he worked as an economic expert in the Financial System Department at the National Bank of Poland. In 2016 he defended his PhD thesis on IPO Underpricing on the Warsaw Stock Exchange.

In 2018 he completed a six-month research internship in the Department of Finance at the Corvinus University of Budapest. His research areas cover equity, bond and derivatives markets and the real economy. His latest works focus on credit risk modelling and development of game-theoretic models of IPO underpricing. He is an author and co-author of numerous monographs, research papers and reports. He is a regular reviewer for various national and international journals. He is a court expert in financial markets and risk management and expert at the Foundation for Polish Science.

Ewa Ślęzak, PhD is Assistant Professor in the Department of Economics at the Cracow University of Economics. Her research interests focus on globalization, migration, welfare state, ageing society and global political economy at large. Authoress and co-authoress of numerous articles in Polish and English.

She has participated in multiple international research projects, including those co-financed by the European Commission, addressing youth unemployment in the European Union (7th Framework Program), information society (5th Framework Program), informal work (5th Framework Program), social economy (INTERREG IIIC ) and support for the elderly workers  (INTERREG IVC). She is a member of the Polish Economic Society (Polskie Towarzystwo Ekonomiczne). She is an alumni of Erste Stiftung in Vienna and the European University Institute in Florence, as well as Central European University in Budapest, University of Limerick and the European Consortium of Sociological Research. As an expert, she cooperates with various public and private sector institutions, both at the national and international level. She is listed as the reviewer for the National Centre of Science and the European Commission. 

Michał Thlon, PhD is Assistant Professor in the Department of Economics at the Cracow University of Economics (Poland). In 2010 he defended his doctoral thesis on operational risk management in enterprises. He is a court expert in banking, compliance and risk management. He is a member of GARP and PRMIA. In 2018 he completed a six-month research internship in the Department of Finance at the Corvinus University of Budapest.

His articles have been published in various international journals, such as the “Geneva Papers on Risk and Insurance” or “Emerging Markets Review”.  He is a member of Editorial Review Board of “Journal of Quantitative Finance and Economics”. He is the coordinator or an expert for over 50 research projects at international and national level in the field of risk management, innovation and business environment, including those co-financed from Norwegian Financial Mechanism or European Union funds. He is a regular reviewer for numerous international journals. He has published more than 100 papers in peer-reviewed journals and numerous chapters, monographs, advisory reports and research papers. His research interests focus on financial econometrics, development of game-theoretic models of IPO underpricing, pricing of derivatives, financial economics and financial risk management.