According to a recent piece in Bloomberg Markets, mysterious movement in the markets has brought about the worst plunge for CTAs since 2007, punched risk parity funds downward and hit tech stocks hard. As so many quants try to mitigate these losses, there is a danger that a further selloff will just exacerbate the damage.
A Weekly Standard op-ed examines the way the Fed is trying to tame a $4-trillion quantitative easing problem in case another recession hits.
The piece quotes Desautels professor Reuven Brenner’s withering criticism of current policies in American Affairs (in which he likens them more to astrology than science) but allows that the Fed is trying to make sense of a vastly confusing set of circumstances: low unemployment should be pushing wages and inflation upward, but it’s not happening.
Alexandra Conliffe was a judge for the semi-final round of the 2017 McGill Dobson Cup’s Social Enterprise track. She is the Policy Innovation Director for the Brookfield Institute for Innovation + Entrepreneurship, and used to be VP Operations for Engineers Without Borders Canada.
As students, young extroverts love to talk, to bounce their ideas off of colleagues and to be the centre of attention. But as energetic gen-Y-ers enter the workforce, a whole new set of rules comes into play, rules that don’t always reward an extrovert’s style.
Desautels alumnus John Snisarenko (BSc’86 and MBA’91) has been appointed Group VP of the Ophthalmology Business Unit for Shire US. He comes to Shire from Genentech, where he was VP Sales and Marketing. Before that, he worked on long-term strategy for Novaris Pharma Canada and started an ophthalmology division for CIBA Vision. He has also worked for Alcon Canada and Allergan Canada.
Mr. Snisarenko is filling the spot left vacant by Robert Dempsey, who has moved up to VP of Global Ophthalmics.
Budding startups all over McGill will be delighted to see that the schedule for next year’s McGill Dobson Cup is out.
As they do every year, startups will be competing across four categories: Innovation Driven Enterprise, Small & Medium Enterprise, Social Enterprise, and Health Sciences.
Teams need to have at least one founder with a McGill connection; be it a student, staff or faculty member, or a recent graduate.
Professor Dror Etzion has been awarded the 2017 Roland Calori Prize for “Tackling Grand Challenges Pragmatically: Robust Action Revisited.”
The Prize is presented bi-annually for the best article published in Organization Studies over the last two years.
It’s been a rough ride for Bombardier’s management, workforce, and stock prices; but VP Investor relations Patrick Ghoche says that the company has navigated through the worst of it and is now delivering on its plan to be at the break-even point by late next year.
A Charity Times piece explores a research paper partly authored by Desautels Professor DaHee Han.
Lester Fernandes (MBA’82) has been appointed to lead the audit committee of Montreal-based human-capital manager Rideau Recognition Solutions. The company is in full-on expansion mode; according to CEO Peter Hart, Mr. Fernandes’ experience will help the company hit its goals. And that experience is extensive: he’s been senior VP and CFO at Pivotal Payments since 2001. Before that, he spent a decade at BMO. He was also on the board of Castle Resources until 2016.
According to BNN.ca, changes are afoot at CIBC: a shakeup of the management team has two department heads leaving the company, as well as a couple of promotions. One of those promotions sees Desautels alumnus Jon Hountalas (BCom’84, MBA’91), bumped up to Group Head, Commercial Banking and Wealth Management, Canada from his previous role of running the company’s commercial banking arm. This comes as CEO Victor Dodig announces that some 40 junior executives are being moved around as well.
The Desautels Faculty of Management welcomes Nadia Marley (BA’99, MBA’03), Director of Credit Solutions, Scotiabank Global Banking and Markets, as its latest Desautels Global Expert.
After a year as Deputy Executive Director of ACEM — Microcredit Montreal, Indu Krishnamurthy (EMBA’15) has been promoted to full Executive Director.
As a student of the 2015 McGill-HEC Montréal EMBA program, Ms. Krishnamurthy was recipient of that year’s EMBA Scholarship for Non-profit Organization Manager, which reflects her long experience in the field. She has been with ACEM since 2008, fulfilling roles, such as project coordinator and credit counsellor. Before that, she was an account manager at BDC.
Desautels Professor Karl Moore writes for Thinkers50 that introverts and extroverts in leadership roles must, on occasion, take on one another’s characteristics as a form of game-face.
The traditional leadership wisdom has it that leaders are mostly extroverts, but he calls that “very much an out-of-date view,” pointing to his own interviews with CEOs and senior execs, which show that there is a huge number of introverts in corporate C-Suites.
BoxKnight is a new kind of delivery service. For an extra few dollars, consumers can have their packages delivered while they’re home in the evening. A text message lets them know that their goods are at BoxKnight’s warehouse, and asks when they’d like it delivered. Right now, it only works for online purchases at four Montreal-area retailers, but the company is already looking at expansion beyond the city limits.