Terry Leitch began his career in derivatives as by building one of the first "quant" teams on Wall Street when he recruited and trained the Valuation Team at O'Connor & Associates. He moved into interest rate derivatives and designed a number of new products, such as CMS, knockout, index amortizing swaps and cross currency swaptions for bank of America in London where he led a team that priced, traded and risk-managed exotic interest rate derivatives. He was the Sr. Director of Risk Management for Boeing Capital where he designed a quantified risk pricing approach for aircraft financing. He has licensed his risk financing models to Marsh & McClennan and utilized it to advise the Export Import Bank of the US in their recent reinsurance purchase for their aircraft loan guarantee portfolio.
Terry moved back into mainstream finance when assumed the derivative executive role at Genworth Financial in 2007, just in time to experience the full force of the impending financial crisis. At Genworth, he added inflation linked assets swaps, interest rate cap/floor/collar, swaptions, and reverse repo strategies to the asset liability management toolkit. He also designed weighted hedging scheme for variable annuity products to lower hedge costs in volatile markets.
His other interests include machine learning and signal detection.
Terry has an MS in applied mathematics from Northwestern University and an MBA from the London Business School.
- MS, Applied Mathematics, Northwestern University
- MBA, Strategy, London Business School
- AB, Mathematics, University of Chicago
- Big Data Machine Learning
- Advanced Portfolio Management
- Advanced Hedge Fund Strategies
Honors and distinctions
- Founding member, Insurance Industry Derivatives Roundtable