Ugur Koyluoglu
Ugur Koyluoglu is a Partner at Oliver Wyman and the Head of the Corporate and Institutional Banking practice in the Americas. Ugur has led many high-impact, corporate finance and risk management projects for clients across the globe. These have ranged from articulating growth strategy for a universal bank under multiple macro-scenarios; to restructuring a bank’s balance sheet based on a new strategy and risk appetite; to developing an innovative Value-At-Risk model for the Securities Finance business of a large custodian bank; to developing the Economic Capital framework for a clearing house; to designing a global portfolio model for a large conglomerate; to assisting banks in comprehensive stress testing exercises including SCAP, CCAR 1, CCAR 2; to developing a new ALM framework and associated organization, policies, processes, models and reporting for a large bank; to changing the culture of a bank through a new performance management framework; to leading industry benchmarking surveys on interest rate risk management and measurement practices, counterparty credit risk exposure measurement and management practices, OTTI and valuation; to supporting clients on all kinds of investment portfolio and balance sheet issues including MTM, OTTI, CVA, NIM, forecasting and strategic planning.
As a consultant at Oliver Wyman since 1997, Ugur has worked with banks, multilateral agencies, insurers, hedge funds, clearing houses, financial conglomerates and regulators in North America, Europe, Latin America, Middle East, North Africa and Southeast Asia. He led the Oliver Wyman Institute events including annual joint conferences with Wharton from 2001 to 2010, served as the Market Manager for Turkey from 1998 to 2010, and has been on the firm's Partnership Committee since 2011.
In addition, Ugur has contributed significantly to industry debates in risk management and published several articles. His most cited article, “Reconcilable Differences” with Andrew Hickman, demonstrates that mathematically different credit risk portfolio modeling approaches can actually be mapped onto a common framework, and ingenuity therefore lies in the best calibration of credit risk parameters rather than choice of modeling approach. This 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 an independent chapter in four books. He is author or co-author of more than 40 papers in archival journals and conference proceedings in the areas of Credit Risk, Risk and Capital, Insurance Risk, Random Vibrations and Structural Damage due to Earthquakes.
Ugur has a PhD in Engineering from Princeton University. He taught mathematics and engineering at Princeton and Turkey’s Koc University before coming to Oliver Wyman.