Janet Tavakoli is the founder and president of Tavakoli Structured Finance, Inc. (TSF), a Chicago based consulting firm providing expert experience to maximize the value of derivatives and structured products and avoid getting burned. TSF consults for financial institutions, institutional investors, and hedge funds. Ms. Tavakoli is a world renowned author and speaker on derivative products and securities and their systemic risks and granular rewards.
She has appeared as an expert before forums of the International Monetary Fund, the Federal Reserve Bank, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission.Her books, Structured Finance & Collateralized Debt Obligations (2003, 2008), and Credit Derivatives (1998, 2001) revealed grave flaws in the methodology for rating structured financial products and abuses in the credit derivatives markets. In Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, she chronicles the causal events and malfeasance leading to the near collapse of the U.S. financial system in 2008. Her 2012 e-book, The New Robber Barons is a compilation of her writings on subsequent ongoing failed regulation, failure to prosecute, and cover-ups for elites and the consequential risks to the global financial system. Her letter to the SEC posted in February 2007 in response to proposed rules for the credit rating agencies makes the case that the NRSRO designation for the rating agencies should be revoked for structured financial products.
Ms. Tavakoli was years ahead of the financial industry predicting lax underwriting, excessive leverage, and misrating of structured products would result in a global financial crisis. The University of Chicago profiled her as "Structured Success," and Business Week as "The Cassandra of Credit Derivatives."Ms. Tavakoli is frequently published and quoted in financial journals including the Wall Street Journal, Financial Times, New York Times, Economist, Business Week, Fortune, Global Risk Review, RISK, IDD, Chicago Tribune, Los Angeles Times, LIPPER HedgeWorld, Asset Securitization Report, Journal of Structured Finance, Investor Dealers' Digest, International Securitization Report, Bloomberg News, Bloomberg Magazine, Credit, Derivatives Week, TheStreet.com, Finance World, and others. Frequent television appearances include CBS's 60 Minutes, CNN, C-Span, CNBC, BNN, CBS Evening News, Bloomberg TV, First Business Morning News, Fox, ABC, and BBC.Janet Tavakoli has over 22 years of Wall Street experience in finance.
Tavakoli has traded, structured and sold derivatives and structured products at major financial institutions in New York and London. Prior to that, Tavakoli was the manager of financial strategic planning for two Fortune 500 companies. She is a former adjunct associate professor of finance at Chicago Booth (the University of Chicago's Graduate School of Business) where she taught "Derivatives: Futures, Forwards, Options and Swaps".Janet Tavakoli is the former Executive Director, Head of Financial Engineering in the Global Financial Markets Division at Westdeutsche Landesbank in London. She headed market risk management for the capital markets group for Bank One in Chicago.
Tavakoli headed the asset swap trading desk at Merrill Lynch in New York, headed mortgage backed securities marketing for Merrill Lynch in New York, and headed mortgage backed securities marketing to Japanese clients for PaineWebber in New York. She also worked for Bear Stearns heading marketing for quantitative research and for Goldman Sachs. During her career, she has been registered and licensed with the SFA, NASD, ASE, CBOE, NYSE, PSE and the NFA and has passed the series 7, 63 and 3 qualifying exams.Illinois Institute of Technology: B.S. in Chemical EngineeringUniversity of Chicago Graduate School of Business: MBA in FinanceAdjunct Associate Professor of Finance [Derivatives