Mathematical Finance Research Groups

● H-W was one of the first universities in the UK to establish a financial maths (as distinct from finance, probability or statistics) research group.

● It is currently #2 in the UK based on full time members (Oxford is the biggest with 12, H-W has 10, LSE 8, IC has 7, Cambridge 6, Kings 6)– An important centre with links to all the other

research groups (incl Birkbeck, Warwick, Manchester, City, etc.)

● Has a history of industrial interaction (especially in insurance)

Teaching

● We offer post-graduate courses in Financial Mathematics (with UoE), Quantitative Risk Management, Actuarial Science– Typically 20 students study FM, 50 in Actuarial

Science, QRM starts Sept 2008.● We are the only UK institution to teach financial

mathematics (i.e. stochastic processes applied to financial markets) at BSc level.– Historical restrictions on student numbers mean

there are only a handful of students taking the BSc in FM, this is to grow

Energy

● The ERP links leading research groups in financial maths and energy

● Both subjects are key strategic areas to the university

● UoE/H-W are a Beacons for Public Engagement:

“encourage participation and understanding of areas of research relevant to public policy such as health and life sciences, energy and environment”

Collaboration● Looking to link with the energy industry and

academia– Knowledge Transfer Networks, Knowledge Transfer

Partnerships, MSc dissertations, BSc projects/internships, CPD, consultancy

● NOT cheap labour: looking for partnerships and a dialogue

– Not exclusive to the ERP● EPSRC / Smith Institute● Involvement of Manchester, Strathclyde, Warwick,

Birkbeck, etc.● Internationally, Norway, Switzerland, Germany, France,

etc.