Laurence Wormald was appointed as Head of Research for SunGard APT in July 2008. APT develops and distributes market risk models, software tools and applications and related professional services. In his position Laurence oversees a risk research team in London which helps to support more than 200 institutional clients of APT.
Before joining SunGard, Laurence was for two years the chief risk officer at a proprietary trading unit of Deutsche Bank Global Markets in London. Dr. Wormald had previously held a number of risk director and research director positions at various financial modeling firms including StatPro and BITA Risk. He has also acted as a consultant to major financial and government institutions, including Northern Trust Asset Management, the Monetary Analysis Area at the Bank of England and the Research Directorate-General at the ECB.
Dr. Wormald is currently chair of the City Associates Board at the Centre for Computational Finance and Economic Agents at the University of Essex and serves on the Prize Committee of Inquire UK. He has contributed several academic papers and book chapters on risk and quantitative finance, most recently to the text “Optimizing Optimization” (Elsevier Finance, 2009). Laurence holds a master’s degree in physics from Cambridge and a Ph.D. in theoretical physics from the University of California, Santa Cruz.