Executive Editor and Senior Contributor Mark W. Guthner is a veteran of the financial services industry. His skills and experience stretch across multiple disciplines including trading, portfolio and risk management, securities analysis and valuation, investment banking and financial technology.
Mark served as a Principal, Portfolio Manager, Proprietary Trader and Equity Derivative Strategist at Banc of America Securities, CRT Capital Group LLC and Dash Financial LLC. In these roles, Mark advised institutional investors on the use of options to express market views and to hedge or eliminate unwanted risks from institutional portfolios. In his proprietary trading activities, Mark generated returns on capital in excess of 35% per year.
Mark has significant international “in country” experience. He held senior investment banking and risk management positions at Standard Chartered Bank and the Australian New Zealand Investment Banking Group. In these roles, he managed a $3.5 billion project finance loan portfolio, and developed the group’s competitive and asset writing strategies. Furthermore, he served as a Senior Consultant with KPMG/Barents LLC where he developed the investment operations and trained the staff of Indonesia’s oldest and largest insurance company.
He began his career at Prudential Fixed Income Advisors and Hong Kong Shanghai Banking Corporation where he was a Senior Portfolio Manager and Bond Trader. In these roles, he managed and traded over $5 billion in fixed income securities (both public and private placements, investment grade and high yield) for corporate pension, Taft-Hartley and financial institutions.
In addition to his daily customer interactions, Mark shares his insights through public speaking engagements and social media venues like Twitter (@MGuthner) and StockTwits (mguthner). He has spoken at conferences covering a multitude of topics. These audiences varying from legal trade groups about financial matters that affect investments, loan structuring, and recoveries in bankruptcy, to global banking regulators concerning systemic risk and Basel II, to retail venues such as the Money Show and local CFA Societies where he shares insights on the use of listed options and managing wealth for the long-term.
Mark is the author of “Quantitative Analytics in Debt Valuation & Management,” published by McGraw-Hill in 2012. The book presents a break though method for the analysis, pricing, and hedging of corporate debt obligations. Further, it enables the arbitrageur to replicate corporate bonds using a combination of equity, equity options and US Treasury Securities. In addition, it enables portfolio & risk managers to aggregate corporate bonds and equities into one common risk measure. It is a must for taking risk management to the next level.
Mark holds a BSE in Mechanical Engineering and an MBA in Finance from the University of Michigan, Stephen M. Ross School of Business. Finally he volunteers his time and expertise in various capacities to the CFA Institute. Mark and his wife Paula reside in Summit, New Jersey.