IBSM Solutions Inc.
Karl Rubach is the Managing Director and founder of Integrated Balance Sheet Management Solutions, Inc. in Toronto, Canada. He has over 20 years of international Treasury, Balance Sheet and Capital Management experience. He has lead the implementation of Risk Adjusted Return on Capital (RAROC) and Balance Sheet Optimization frameworks, including Funds and Transfer Pricing (FTP) and Economic Capital allocation.
He is a frequent speaker at industry events. He holds a master’s degree in finance as well as a bachelor’s degree in economics from ITAM Mexico. He is also a CFA charter holder.
Dr Alex Shipilov has over 25 years of experience gained inside the financial services industry. Alex held executive positions with banking, insurance and accounting firms where he led risk management and internal audit functions, and quantitative risk advisory practices. He consulted financial institutions and corporate treasuries in Canada, the U.S., the U.K., Spain and Russia in their dealing with ALM, enterprise wide risk management and compliance challenges, financial models, risk measurement, simulation, and derivatives valuation issues. Alex co-founded the Professional Risk Managers’ International Association (PRMIA.ORG), sat on the Board of Directors, strategized PRMIA development and its global chapter network, leading the treasury and finance functions. He teaches Risk Management at the Masters of Financial Insurance program of University of Toronto.
Founder and President
Hovik Tumasyan is the Founder and President of FinRisk Solutions. With over 20 years of combined banking and advisory services he has advised financial institutions in North America, EU and Asia that range from investment and commercial banks to government owned and multilateral banks. Hovik assists financial institutions in design and implementation of capital and liquidity management frameworks and implementation of post-crisis changes for Capital Markets businesses.
Hovik holds a PhD degree in Physics from University of Miami and a degree in Mathematical Finance from University of Oxford.