Ugur Koyluoglu

Partner and Head Finance & Risk and Public Policy, Americas
Ugur Koyluoglu is Oliver Wyman’s Head of the Americas Finance & Risk and Public Policy practices, based in New York City. Prior to this role, Ugur led Americas Corporate & Institutional Banking practice, and he continues to steer the firm’s high-impact, corporate finance and risk management projects for financial institutions across the globe.

In his client work, Ugur currently focuses on optimal management of financial resources under constraints for capital, liquidity, leverage and collateral, and he assists senior executives with improving CCAR and liquidity stress testing capabilities as well as recovery and resolution planning.

Since joining Oliver Wyman in 1997, Ugur has served senior executives at some of the largest banks, clearing and settlement houses, asset managers, multi-lateral development banks, and private equity houses around the world. His experience includes:

  • Assisted US banks and FBOs to improve CCAR capabilities including credit, market, operational risk and PPNR model development, governance, process enhancement, regulatory submission, model validation and linkages to strategic planning
  • Supported implementation of liquidity stress testing and LCR as well as behavioral characterization of deposits
  • Supported restructuring of a bank’s balance sheet based on a new strategy, risk appetite and underlying tools for projections with a focus on earnings and value risks
  • Co-led review and validation of more than 250 pricing and risk models, and assisted banks with defining and implementing comprehensive model risk management
  • Articulated the growth strategy for a universal bank under multiple macro-scenarios
  • Led industry benchmarking surveys on interest rate risk in the banking book, operational deposits and LCR, counterparty credit risk exposure measurement and management practices, OTTI and valuation

In addition to project work, Ugur has contributed significantly to industry debates in risk management. His most cited article, “Reconcilable Differences” with Andrew Hickman, demonstrates that mathematically different credit risk portfolio modeling approaches can be mapped onto a common framework, and ingenuity therefore lies in the best calibration of credit risk parameters rather than choice of modeling approach. That important finding was incorporated into Basel II, the capital requirements framework used by banking regulators worldwide, and is viewed as a breakthrough concept in credit risk management practices. The paper is also published as independent chapter in four books.

Ugur has a PhD in Engineering from Princeton University. He taught applied mathematics and engineering at Princeton and Turkey’s Koc University before joining Oliver Wyman.