1. Bruce Evan Fox
7 Dover Court
Rockville Centre, NY 11570
516-280-0018
Bruceevanfox@gmail.com
Professional Experience:
Genworth Financial: 5/10 to Present
Senior Vice President – Head of Portfolio Management and Derivatives 10/15 to Present
• Managed Portfolio Management and Derivatives Trading teams, reporting to CIO
• Responsible for Strategic and Tactical asset allocation across four business lines covering multiple
global legal entities, totally $75 bln in assets
• Voting member of Life Insurance Company Asset-liability Committee with responsibility for setting
and managing to rate risk and liquidity limits and setting strategy
• Deep knowledge of considerations including economic capital, STAT and GAAP accounting,
regulation and internal policy
Senior Vice President – Head of Derivatives Trading 5/10 to 10/15
• Responsible for end-to-end Derivatives Operation, reporting to the CIO
• Managed Front Office team responsible for $30 billion derivatives portfolio, covering “over-the-
counter” and “exchange-traded” rates, fx, credit and equity derivatives and related cash products
including Treasuries, Strips, Agency debentures and TIPs
• Developed new strategies covering macro hedging, asset relative value, and risk mitigation;
considering regulation, accounting, operational readiness, RAROC impact, collateral adequacy,
counterparty capacity, cash liquidity and tax
Citigroup: 7/86 – 5/10
Head of Liquid Alternatives Investments Risk Management 5/09 –
5/10
• Managed team of risk professionals responsible for global oversight of proprietary investments in
internal and third party hedge funds
Global Head Developed Rates and Currencies Risk Management-Citigroup Markets 9/08 – 5/09
• Managed global team of market risk professionals responsible for Treasuries, agencies, supras,
sovereigns, MBS, rate derivatives, FX derivatives and in market-making and banking books
• Team designed and implemented risk controls including “Greek”, VaR and stress-loss limits
• Team supported related control functions such as model validation, financial control, credit, audit
and complex new products committee
• Played key role in re-designing the policy and practice of risk management after the 2007-2009 crisis
including re-sizing of limits in light of changes in risk appetite
Co-Head Rates and Currencies Risk Management-Citigroup Markets and Banking 5/06 – 9/08
• Managed team of market risk professionals with responsibility for Treasuries, agencies, sovereigns,
MBS, rate derivatives, FX derivatives, commodities derivatives, municipal bonds and their
derivatives, proprietary trading and securitization
• Implemented enhanced limit framework for Global Rates, FX, Commodities and Municipal groups
Global Manager Capital Markets Risk Management-Global Wealth Management 7/05 – 5/06
• Managed global team with risk management responsibility for capital markets products produced for
and sold to private clients in the Citigroup Private Bank and Smith Barney
2. • Member of the Global Wealth Management New Products Committee
Travelers Investment Group (a subsidiary of Citigroup): 8/97 – 7/05
Manager of Derivative Trading and Portfolio management 8/97 – 7/05
• Expanded derivative notional from $200million to $14 billion covering global rate, equity, currency
and credit derivatives
• Primary author of Derivatives Use Plan
• Developed and implemented strategies to manage variable annuity risk with exposures to global
equities, global bonds, and global foreign exchange. Developed portfolio analytics and tools to
calculate risks, measure performance and optimize hedges
Hedge Fund Portfolio Manager 3/00 – 4/02 and 9/04 to 7/05
• Developed investment strategy including amount to invest, strategy allocation and tactical
implementation approach
• Responsible for direct and fund-of-funds investments including portfolio structure, fund research, due
diligence and risk management
• Citigroup Fund-of-funds relative value and arbitrage Portfolio Manager between 4/02 and 9/04
Chairman of the Investment Policy Committee 9/04 – 7/05
• Developed forecast for wide range of asset classes under multiple macro scenarios
• Developed “model portfolio” through optimization
Duration and Curve Management 9/02 – 8/03
• For “total rate of return” portfolios, responsible for duration and curve management including
strategy development, implementation and risk management
Smith Barney Inc. (a subsidiary of Citigroup): 8/93 – 8/97
Sales Manager, Fixed Income Derivative Products Division 4/96 –
8/97
• Responsible for seven specialists selling derivatives to funds, banks, agencies, foreign banks,
insurance companies and corporations
• Implemented a distribution approach including direct sales and partnership with institutional sales,
syndicate desk, debt origination group and banking division
Head, Fixed Income Derivative Products Division 5/95 -
4/96
• Responsible for trading and marketing of fixed income derivative products
• Established procedures for measuring and managing trading risk, in linear and option products
Director Structured Products Group, Derivative Products Division 8/93 - 5/95
• Managed start-up group of 8 professionals with responsibility for structuring, execution and
distribution of structured notes and OTC fixed income derivative products
Citibank Global Derivatives 1/87 – 8/93
Group Head, Financial Institutions Financial Engineering 1/91 - 8/93
• Supervised seven professionals with responsibility for money managers, government agencies,
commercial banks, foreign banks and mortgage banks
• Headed Structured Assets, a joint effort of the Derivative Products and Capital Markets groups
Financial Institutions Originator 1/87 -
1/91
3. • Covered agencies, securities firms, domestic banks, foreign banks, Citibank treasuries
Citibank Securities
Bond Sales 7/86 - 1/87
• Sold money market securities
Chase Econometrics
Account Manager 7/82 - 6/86
• Responsible for Northeast sales and account management, Treasury Management software
Salomon Brothers
Systems Analyst 9/79 - 9/80
• Responsible for systems design and implementation
Royal Globe Insurance
Programmer 7/77 - 9/79
• Developed software to insure accuracy of corporate data
Education, Professional Associations and Skills:
The Wharton School, University of Pennsylvania 9/80 - 5/82
• MBA with concentration in finance
State University of New York at Binghamton 9/73 - 6/77
• BA with concentration in Psychology
Global Association of Risk Professionals 6/08 – current
• Certified Financial Risk Manager
Association for Financial Professionals 9/14 – current
• Certified Treasury Professional
PRMIA 3/13 – current
• Member of the New York and Stamford Steering and Committees
• Certified Financial Risk Manager
• Completed Columbia University-PRMIA complete course in Risk Management
• PRMIA and Society of Actuaries Events Organized include:
o Macro Stress Testing (6/13)
o Long Horizon Risk Management (11/13)
o SOA Investment Symposium Update on Derivatives (3/14)
o Rate Hedging in a Dodd-Frank World (6/14)
o Managing Pension Risk in a “New Normal” World (9/14)
o SOA Private vs. Public Pension Risk Management in a “New Normal World (3/15)
o SOA 2015 Investment Symposium Bank vs. Insurance ALM Management (3/15)
o Understanding and Planning for the New Liquidity Landscape-DC Chapter (10/15)
o SOA 2016 Investment Symposium The “New Normal” for Fixed Income Liquidity –
Implications for Insurance Companies
