Stuart M Turnbull has authored over 50 academic papers in the areas of financial economics, law and economics, and the general area of derivatives. He is currently an Associate Editor of the Journal of Mathematical Finance, International Journal of Theoretical and Applied Finance, and the Journal of Derivatives. He is one of the foremost derivative security pricing experts in the world. He has published two books on derivatives. His book with Robert A. Jarrow, Derivative Securities, is a standard in the industry, providing a simple, unified approach to the world of derivative securities. Their paper, Pricing Derivatives on Financial Securities Subject to Credit Risk, is cited repeatedly in credit modelling research and is the second most viewed abstract on defaultrisk.com. The Jarrow-Turnbull reduced form pricing methodology is the standard framework used for pricing credit derivatives and for credit risk management. Most recently as senior vice-president, fixed income research, Lehman Brothers, New York, Turnbull worked on counterparty risk modelling, pricing CDS tranches, forward default premiums, and risk modelling. Prior to joining Lehman Brothers, he was vice-president, risk management division, Canadian Imperial Bank of Commerce, Toronto, Ontario, where he worked on developing the next generation of credit and market risk management models. He was the Bank of Montreal chair of banking and finance and professor of economics at Queen’s University and professor of economics at the University of Toronto.
