Antonius Cornelis Franciscus (Ton) Vorst (born 1952,

Utrecht Utrecht ( ; ; ) is the List of cities in the Netherlands by province, fourth-largest city of the Netherlands, as well as the capital and the most populous city of the Provinces of the Netherlands, province of Utrecht (province), Utrecht. The ...

) is a Dutch

financial engineer Financial engineering is a multidisciplinary field involving financial theory, methods of engineering, tools of mathematics and the practice of programming. It has also been defined as the application of technical methods, especially from mathem ...

and

mathematician A mathematician is someone who uses an extensive knowledge of mathematics in their work, typically to solve mathematical problems. Mathematicians are concerned with numbers, data, quantity, mathematical structure, structure, space, Mathematica ...

, Professor at the department of Finance of the

Vrije Universiteit The (abbreviated as ''VU Amsterdam'' or simply ''VU'' when in context) is a public research university in Amsterdam, Netherlands, founded in 1880. The VU Amsterdam is one of two large, publicly funded research universities in the city, the othe ...

in Amsterdam, and Director of the VU Amsterdam School of Finance and Risk Management.

Biography

Vorst received his PhD in

mathematics Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many ar ...

in 1978 from the

University of Utrecht Utrecht University (UU; , formerly ''Rijksuniversiteit Utrecht'') is a public research university in Utrecht, Netherlands. Established , it is one of the oldest universities in the Netherlands. In 2023, it had an enrollment of 39,769 students, a ...

for the thesis "Kn-regular curves" under the supervision of Jan Rustom Strooker and Wilberd van der Kallen. In the early 1980s, Vorst started his academic career as a researcher at the

Econometric Institute Econometric Institute (Dutch ''Econometrisch Instituut'') at the Erasmus University Rotterdam is a leading research institute in the fields of econometrics and management science in the Netherlands. The Institute offers advanced education in econom ...

of the Erasmus University Rotterdam, where he was appointed professor in finance in 1989. With

Harm Bart Harm Bart (born 5 August 1942) is a Dutch mathematician, economist, and Professor of Mathematics at the Erasmus University Rotterdam, particularly known for his work on "factorization problems for matrix and operator functions." Biography Born i ...

, he was co-director of the

from 1992 to 1998 as successor of

Teun Kloek Teunis (Teun) Kloek (born 1934) is a Dutch economist and Emeritus Professor of Econometrics at the Erasmus Universiteit Rotterdam. His research interests centered on econometric methods and their applications, especially nonparametric and robust ...

, and they were succeeded by Herman K. van Dijk. From 2000 to 2009, he was executive vice president of ABN AMRO, which was partly sold to

The Royal Bank of Scotland Group NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and ...

in 2007. In 2006, he was also appointed professor at the department of Finance at VU University Amsterdam. He is head of the VU Amsterdam School of Finance and Risk Management, and is also the director of Graduate Studies for Finance at the

Tinbergen Institute The Tinbergen Institute is a leading research and graduate education institute for Economics and Business. Established in 1987, the institute is named afteJan Tinbergen a Nobel laureate in economics (1969), and is a collaboration between the School ...

Publications

Vorst has authored numerous articles on business finance, financial markets, risk management and derivatives.Ton Vorst
Google Scholar A selection: * Vorst, Ton. "Prices and hedge ratios of average exchange rate options." ''International Review of Financial Analysis'' 1.3 (1992): 179-193. * Boyle, Phelim P., and Ton Vorst. "Option replication in discrete time with transaction costs." ''The Journal of Finance'' 47.1 (1992): 271-293. * Heynen, Ronald, Angelien Kemna, and Ton Vorst. "Analysis of the term structure of implied volatilities." ''Journal of Financial and Quantitative Analysis'' 29.1 (1994). * Martens, Martin, Paul Kofman, and Ton CF Vorst. "A threshold error-correction model for intraday futures and index returns." ''Journal of Applied Econometrics'' 13.3 (1998): 245-263. * Houweling, Patrick, and Ton Vorst. "Pricing default swaps: Empirical evidence." ''Journal of International Money and Finance'' 24.8 (2005): 1200-1225.

References

External links

prof. dr. A.C.F. Vorst
at vu.nl {{DEFAULTSORT:Vorst, Ton 1952 births Living people Dutch economists Utrecht University alumni Academic staff of Erasmus University Rotterdam Academic staff of Vrije Universiteit Amsterdam Scientists from Utrecht (city) NatWest Group people