Quant of the year: Pierre Henry-Labordère, Société Générale

pierre-henry-labordere
Pierre Henry-Labordere

Mathematical models have always had their detractors, who view them as black boxes and their creators as blinkered eggheads, but this suspicion is now shaping new bank capital rules – with regulators talking openly about their attempts to reduce the industry’s reliance on models – and is even infecting the quant profession’s view of itself. Abstract maths has isolated the discipline from the real world, the argument goes, and the subject should take a more humble approach (Risk25 July 2012, page

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