Arturo holds a Ph.D. in applied mechanics and a M. S. in civil engineering from the California Institute of Technology; an MBA in finance from New York University; and a civil engineering degree from the University of Chile.
Currently, he is a Research Associate at CLAPES UC, in Santiago, Chile. Previously he was an Adjunct Professor at the Division of Finance & Economics of Columbia University in New York.
Previously, he was President of the Chilean Sovereign Fund investment committee (US$ 25 billion); and served four years as a member of the Advisory Board of the Division of Humanities and Social Sciences of the California Institute of Technology.
He has written two books, four book chapters, and numerous academic articles (refereed papers) on topics related to finance, portfolio management, applied mathematics, and engineering. Several of his opinion pieces have been published by the Financial Times. As a result of the subprime crisis, he was invited twice to testify, as expert witness, by the U.S. Senate.
This paper borrows concepts from measurement, test and psychometric theories to explore the issue of credit ratings in the Mexican corporate bond market.
Operational risk and the Solvency II capital aggregation formula: implications of the hidden correlation assumptions
The authors of this paper analyze the Solvency II standard formula for capital risk aggregation in relation to the treatment of operational risk capital.