Zvi Wiener () is a Professor of

Finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

and the former dean of the Hebrew University Business School

Business administration Business administration is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. Overview The administration of a business includes the performance o ...

at the

Hebrew University of Jerusalem The Hebrew University of Jerusalem (HUJI; ) is an Israeli public university, public research university based in Jerusalem. Co-founded by Albert Einstein and Chaim Weizmann in July 1918, the public university officially opened on 1 April 1925. ...

Biography

Wiener has Ph.D. in mathematics from the

Weizmann Institute of Science The Weizmann Institute of Science ( ''Machon Weizmann LeMada'') is a Public university, public research university in Rehovot, Israel, established in 1934, fourteen years before the State of Israel was founded. Unlike other List of Israeli uni ...

in Rehovot (1994). He completed postdoc at the

Wharton Business School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

of the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

and then joined the Fixed Income division of

Lehman Brothers Lehman Brothers Inc. ( ) was an American global financial services firm founded in 1850. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merril ...

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. Since 1996 Wiener joined the Hebrew University faculty. Wiener is the former Head of the Finance Department and the academic manager of the Executive MBA program specializing in Finance and Banking at the Hebrew University. Wiener is one of the founders of the Professional Risk Managers' International Association (

PRMIA The Professional Risk Managers' International Association (PRMIA) is a non-profit, member-driven professional organization that focuses on the development and education of the risk management profession. Its membership provides a network of risk ...

) and serves as a director of PRMIA in

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

. He also served as a consultant for many institutions like

Pension funds A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world' ...

Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

, the

Bank of Israel The Bank of Israel (, ) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron. The primary objective of the Bank of Israel is to ...

Israel Securities Authority The Israel Securities Authority (ISA) (Hebrew: רשות ניירות ערך) is the national securities regulator of Israel. Established by law in 1968, the Israel Securities Authority sees its mandate as a way to ensure an efficient capital mar ...

and the

Tel Aviv Stock Exchange The Tel Aviv Stock Exchange (TASE; ), colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the ''Securities Law (1968)'' a ...

. Wiener also served at the Bank of Israel foreign reserves investment committee. Wiener provides lobbying services to Bank Hapoalim, and also holds a private company, named Optimize Risk Management Ltd. According to an investigation by

The Marker ''TheMarker'' () is a Hebrew-language daily business newspaper published by the Haaretz Group in Israel. ''TheMarker'' was founded in 1999 by journalist and entrepreneur Guy Rolnik along with Haaretz Group and U.S.-based investors. Five years ...

magazine, Wiener's private activities violate the directives of the Supervisor of Wages and Labor Agreements since he serves at the same time as Dean at the Hebrew University and founded by the Israeli government. According to Wiener these activities are in line with regulations. However, the Council for Higher Education did not confirm his claim and instruct the Hebrew University to examine Wiener's employment exception. The Enforcement Branch at the Office of the Supervisor of Wages and Labor Agreements also initiated an examination of that exception. It was also reported that Wiener has promoted a private entrepreneur's appointment at the Hebrew University immediately before the last contributed a large amount of money to the School of Business Administration at the Hebrew University. Wiener won the

Rothschild Fellowship The Rothschild Fellowship program is a prestigious grant awarded annually by Yad Hanadiv (The Rothschild Foundation). The Rothschild Scholarship for Outstanding Young Researchers is a awarded since 1979 with the aim of helping outstanding youn ...

for young scholars of outstanding academic merit and the Alon fellowship for young excellent Scientists. He also won the Teva prize named after Dan Suesskind for research on

Dividend policy Dividend policy, in financial management and corporate finance, is concerned with Aswath Damodaran (N.D.)Returning Cash to the Owners: Dividend Policy/ref> the policies regarding dividends; more specifically paying a cash dividend in the pr ...

Research

His areas of expertise are

Financial modeling Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio o ...

Risk Management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

, Options and other

derivative In mathematics, the derivative is a fundamental tool that quantifies the sensitivity to change of a function's output with respect to its input. The derivative of a function of a single variable at a chosen input value, when it exists, is t ...

s with Applications to

Corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

Structured product A structured product, also known as a market-linked investment, is a pre-packaged structured finance investment strategy based on a single security, a basket of securities, options, indices, commodities, debt issuance or foreign currencies, an ...

Stochastic process In probability theory and related fields, a stochastic () or random process is a mathematical object usually defined as a family of random variables in a probability space, where the index of the family often has the interpretation of time. Sto ...

Monte Carlo Simulation Monte Carlo methods, or Monte Carlo experiments, are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. The underlying concept is to use randomness to solve problems that might be det ...

and

Game theory Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed ...

. * * * * * * * * * * * * * * *

Wiener research in articles

Binomial options pricing model In finance, the binomial options pricing model (BOPM) provides a generalizable numerical method for the valuation of options. Essentially, the model uses a "discrete-time" ( lattice based) model of the varying price over time of the underlying fin ...

Ho–Lee model In financial mathematics, the Ho-Lee model is a short-rate model widely used in the pricing of bond options, swaptions and other interest rate derivatives, and in modeling future interest rates. It was developed in 1986 by Thomas Ho and Sang Bin ...

Short-rate model A short-rate model, in the context of interest rate derivatives, is a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate, usually written r_t \,. The short rate Under a sh ...

Black–Karasinski model In financial mathematics, the Black–Karasinski model is a mathematical model of the term structure of interest rates; see short-rate model. It is a one-factor model as it describes interest rate movements as driven by a single source of randomnes ...

Value at risk Value at risk (VaR) is a measure of the risk of loss of investment/capital. It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in a set time period such as a day. VaR is typically us ...

References

External links

Wiener official websiteProfessor Wiener
at the

Hebrew university The Hebrew University of Jerusalem (HUJI; ) is an Israeli public research university based in Jerusalem. Co-founded by Albert Einstein and Chaim Weizmann in July 1918, the public university officially opened on 1 April 1925. It is the second-ol ...

website
Professor Wiener
at Milken Innovation Center website
Professor Wiener
at

website *Wiener, Zvi. (2002)
Duration

*Markus Leippold and Zvi Wiene
Valuation and Hedging of Interest Rates Derivatives with the Ho-Lee Model

Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

Innovation News
by ''

Maariv ''Maariv'' or ''Maʿariv'' (, ), also known as ''Arvit'', or ''Arbit'' (, ), is a Jewish prayer service held in the evening or at night. It consists primarily of the evening '' Shema'' and ''Amidah''. The service will often begin with two ...

''
ח"כ כבל על ועדת פישמן: "גם עניין אלוביץ' יגיע לפתחנו"
באתר גלובס {{DEFAULTSORT:Wiener, Zvi Academic staff of the Hebrew University of Jerusalem Israeli economists Living people Wharton School alumni Weizmann Institute of Science alumni Year of birth missing (living people)