Tobin's Financial Services Symposium Entitled "Financial Services-Reexamining Risk"

September 2008—On Friday, September 12, The Financial Services Institute (FSI) sponsored its annual symposium. This year’s theme was Financial Services: Reexamining Risk, and the event opened with a plenary panel discussion focusing on the topic: After the Deluge: What Next for Financial Services? Panelists included Thomas F. Scaturro, National Sales Director of Wachovia Wealth Management, and Robert Krener, President of Taylor Warner Realty, in addition to the Founder of the Financial Services Institute, Donald Pitti and its Director, Dr. Igor Tomic.

FSI Founder, Donald Pitti, was recently announced the 2008 winner of the Kemp Fain Jr. Award. This award recognizes an individual member who has made outstanding contributions to the financial planning profession in the areas of service to professional activities, society, academia and/or government and upholds FPA’s core values of competence, integrity, relationships and stewardship.

Sessions of this year’s symposium focused on current financial issues including risk, volatility, and regulation. Numerous papers were discussed at the symposium including: Cost of Capital and Cash Flow Effects Following ADR Listings, by Cynthia J. Campbell of Iowa State University, George J. Papaioannou and Anoop Rai of Hofstra University, The Impact of the Removal of the Short Sale Restriction on Return Volatility authored by Vipul Bansal, Anna Martin, and Takeshi Nishakawa of St. John’s University, and Pricing Multi-Barrier Reverse Convertibles by Thomas Lindauer and Ralf Seiz of The University of St. Gallen, Switzerland.

For further information about the Financial Services Institute, and future symposiums, please contact Academic Director Dr. Igor Tomic at tomici@stjohns.edu or Founding Director Don Pitti at dpitti@attglobal.net.

The Peter J. Tobin College of Business has provided the highest quality business education for over eighty years.  Many alumni have risen to senior executive positions in the financial services community in New York and around the world.  Degrees offered include the Bachelor of Science, Master of Business Administration and Master of Science.  The College encompasses the School of Risk Management, Insurance and Actuarial Science, which is housed at the University’s Manhattan location in the heart of the New York financial district.  Recent recognitions for the Tobin College include a listing by The Aspen Institute among the top ninety business schools in the United States whose graduate curricula reflect a commitment to social responsibility and sustainability as well as representation among the “The Best 282” Business Schools in America according to The Princeton Review.  For further information, please contact Jennifer Maizel at (718) 990-6218 or email Maizelj@stjohns.edu.