Bernard S. Donefer

Bernard S. Donefer

Bernard Donefer enjoyed a long career as an executive and consultant in the international financial services industry, working with banks, securities firms, exchanges and regulators in the US, Europe and Asia. He is currently Adjunct Associate Professor at NYU’s Stern Graduate School of Business and recently retired as Distinguished Lecturer and Associate Director of the …
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Bernard Donefer enjoyed a long career as an executive and consultant in the international financial services industry, working with banks, securities firms, exchanges and regulators in the US, Europe and Asia. He is currently Adjunct Associate Professor at NYU’s Stern Graduate School of Business and recently retired as Distinguished Lecturer and Associate Director of the Subotnick Financial Services Center at Baruch College, City University of New York.

As principal of Conatum Consulting LLC, incorporating material from his academic courses, he teaches “Risk Management for Non-Quants”, “Capital Markets Bootcamp”, “Cybersecurity for Managers” and “Blockchain Essentials” at public seminars and to corporate clients including the SEC, FRB, DTCC, IIROC, Alliance Bernstein, JPMC, ITG, Harvard Management Co. in the US, Canada and Europe.  He acts as an expert witness in software patent and financial industry practices cases, testifying in federal court, SEC hearings and FINRA arbitrations.

Prior to his teaching career, Prof. Donefer was SVP and Head of Capital Markets Systems at Fidelity Investments in Boston responsible for their equity, fixed-income, FX, market making, algo trading systems, client and marketplace connectivity and their proprietary, real time VaR based risk management system. Earlier positions included EVP/CIO of Dai Ichi Kangyo Bank (DKB, now Mizuho) and CEO of Bankers Trust Financial Services Information Systems and the US based branch of CAP Information Systems, Ltd., UK.

A frequent industry commentator, Prof. Donefer chaired and moderated conference panels on algos, HFT, hedge funds, blockchain and electronic trading in global markets. He has spoken at the Council on Foreign Relations in Washington DC, the NY Bar Association, SIAA/FISD, TradeTech, among other events. He has been quoted in the NY Times, WSJ, Bloomberg, FT, IBD, Reuters, BBC, Australian Public Radio, MIT Technology Review, the Atlantic, New Scientist, Wired, etc. His paper “Algos Gone Wild” appeared in the Spring 2010 Journal of Trading, “There is No Such Thing as HFT” on the Tabb Forum and “High Speed Trading Is Progress, Not Piracy” on Bloomberg View.

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