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                                                     Seminar

             Department of Systems Engineering and Engineering Management
                                  The Chinese University of Hong Kong

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Title

:

Behavioural financial modelling: optimal pricing of retail financial products

 

 

 

Speaker

:

Dr. Robert Phelps

 

 

Head of Centre of Excellence Development and Senior VP for Consumer Credit Risk, HSBC, Hong Kong

 

 

 

 

 

 

Date

:

Oct. 21st, 2011 (Friday)

 

 

 

Time

:

5:30 p.m. - 6:30 p.m.

 

 

 

Venue

:

LSB LT 6

 

 

CUHK

 

 

 

 

 

 

 

 

 

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Abstract:
 

Where pricing of tradeable financial products (e.g. options) has received considerable attention, that of retail financial products such as credit cards and mortgages has not. This talk introduces the many issues related to modelling observed consumer behaviour in respect of price changes in financial products and hence of determining the optimal pricing strategy for those products. The interrelationship of prices across similar products (cannibalization) and across competitors is stressed. Examples are drawn from industry experience across a range of financial products and gaps in current approaches are highlighted.


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Biography:
 

Robert Phelps currently develops the risk model development centre of excellence which globally leads quantitative model building practices for HSBC retail banking. He has previously been a professor in universities (most recently Cranfield School of Management in England), run quantitative modelling teams in major management consultancies eg McKinsey, and led R&D teams in major international organizations such as BP.


************************* ALL ARE WELCOME ************************

 

 

 

Host

:

Prof. Leung Kwai Sun, Philip

Tel

:

(852) 2609-8307

Email

:

ksleung@se.cuhk.edu.hk

 

 

 

Enquiries

:

Prof. Nan Chen or Prof. Sean X. Zhou

 

:

Department of Systems Engineering and Engineering Management

 

 

CUHK

Website

:

http://www.se.cuhk.edu.hk/~seem5201

Email

:

seem5201@se.cuhk.edu.hk

 

 

 

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