Susan Mangiero, Ph.D., CFA

Current

• President and CEO at Investment Governance, Inc.

Past

• Managing Member at BVA, LLC
• Expert at U.S. Department of Labor
• Founder at GSM Associates, LLC

• Manager at General Electric Company
• Manager at PricewaterhouseCoopers LLC
• Associate Professor of Finance at Sacred Heart University
• Manager at Bankers Trust
• Vice President at Bank of America

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Education

• Carnegie Mellon University - Tepper School of Business
• The University of Connecticut School of Business
• New York University - Leonard N. Stern School of Business

• The George Washington University
• George Mason University

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2 more...

Recommended

6 people have recommended Susan

Connections

111 connections

Industry

Financial Services

Susan Mangiero, Ph.D., CFA’s Summary

Dr. Mangiero has over twenty years of experience in capital markets, global treasury, asset-liability management, portfolio management, economic and investment analysis, derivatives, financial risk control and valuation. She has worked on four trading desks, in the areas of foreign exchange, swaps, fixed income, futures and options. An Accredited Valuation Analyst, Chartered Financial Analyst, certified Financial Risk Manager and Accredited Investment Fiduciary Analyst, Dr. Mangiero is regularly invited to speak about valuation, risk and governance with an emphasis on applications for institutional investors. She has addressed groups that include the New York State Department of Insurance, Merrill Lynch, Association of Public Pension Fund Auditors, United Way’s Volunteer Center, Association of Forensic Economics, New England Public Employee Retirement Systems Forum, Global Association of Risk Professionals, American Society of Appraisers, the Wall Street Transcript, Strategy Institute, Connecticut State Department of Banking, Canadian Investment Review (keynote), Strategic Research Institute, Incisive Media (publisher of Hedge Funds Review) and the Connecticut Society of Certified Public Accountants. Dr. Mangiero is the creator of www.pensionriskmatters.com.

Susan Mangiero, Ph.D., CFA’s Specialties:

Risk Management, Derivatives, Valuation, Financial Fraud, Forensic Analysis, Corporate Governance, Pension Governance, Litigation, Venture Capital, Private Equity, Hedge Funds, Web 2.0, Operational Risk, Modeling, Investment Banking

Susan Mangiero, Ph.D., CFA’s Experience

• President and CEO

  Investment Governance, Inc.

  (Investment Management industry)

  2005 — Present (4 years )

  Investment Governance, Inc. is an independent research and analysis company that focuses on benefit plan related investment risk, corporate strategy, valuation and accounting issues, with the fiduciary perspective in mind. Products and services include: (a) web-delivered original content, research and webinars via www.InvestmentGovernance.com (b) web-delivered searchable database of pension investment cases via www.pensionlitigationdata.com (c) training for attorneys, board members, trustees and regulators on a variety of investment, plan design, fee, hedge funds, private equity, risk control. liability-driven investing and valuation issues (d) tools-based newsletter, Pension Risk Alert (e) creation and analysis of custom-designed surveys about investment risk and financial impact related to employee benefit plans (f) litigation and claims research support for attorneys and insurance underwriters, respectively on a variety of pension investment, risk and valuation topics.

• Managing Member

  BVA, LLC

  (Privately Held; Information Technology and Services industry)

  2003 — 2008 (5 years )

  Areas of specialization include valuation of derivatives, fixed income and equity, economic and investment analysis, fee assessment, statistical analysis, model creation and validation, calculation of damages, fiduciary training and litigation support for a variety of commercial matters. Representative clients include Mesirow Financial, World Bank (for Chilean pension project), MetLife, RiskMetrics Group, Society of Actuaries, Northern Trust Bank, U.S. Department of Labor, Independent Fiduciary Services, Association for Financial Professionals, Michel-Shaked Group, Robinson & Cole LLP and various regulatory agencies and law firms

• Expert

  U.S. Department of Labor

  (Financial Services industry)

  2007 — 2007 (less than a year)

• Founder

  GSM Associates, LLC

  (Professional Training & Coaching industry)

  2001 — 2003 (2 years )

  Developed training materials and led on-site executive training for investment bankers, auditors, attorneys and financial analysts as instructor for New York Institute of Finance, Stalla Review, Schweser Study Program® and MTA Global. Areas of specialization included corporate finance, investment and portfolio management, quantitative analysis, derivatives valuation, equity valuation, fixed income valuation, risk control, financial statement analysis, advanced performance analysis and microeconomics. During this time, researched and wrote Risk Management for Pensions, Endowments, and Foundations for John Wiley & Sons (published in late 2004). Written for trustees with a limited knowledge of finance, the book emphasizes the important link between investment and risk management and fiduciary duties

• Manager

  General Electric Company

  (Public Company; 10,001 or more employees; GE; Electrical/Electronic Manufacturing industry)

  2000 — 2001 (1 year )

  Hired for special FAS 133 compliance project to statistically review and evaluate equity, commodity, foreign exchange and interest rate derivatives portfolio in excess of $75 billion. Reviewed transactions structure and recommended changes.
  Developed hedge effectiveness testing methods and validated bankers’ valuations. Reviewed and recommended risk management systems vendors and then worked closely with systems provider to build specifications to identify, measure and manage financial risk for equity warrants, foreign exchange forwards and options, interest rate, currency and commodity swaps. Trained auditors to value over-the-counter and exchange-traded derivative instruments as part of their due diligence duties. Developed FAS 133 global training program for use by global managers in Legal, Purchasing, Sales, Information Systems, Auditing and Production. By invitation, led Strategies course for global Financial Management Program participants

• Manager

  PricewaterhouseCoopers LLC

  (Legal Services industry)

  1999 — 2000 (1 year )

  Responsible for strategy and analysis implementation related to litigation support for securities fraud, economic damages and valuation cases at the federal and state level. Prepared financial and quantitative assessment for expert witness use, rebutted opposing expert testimony and made document discovery recommendations for cases involving Fortune 50 corporations, mid-size closely held companies and municipal organizations. Created jury storyboards about regression, lost profits, valuation and derivatives. Trained and managed analysts and associates assigned to Financial Advisory Services in areas of statistical testing, financial statement analysis and valuation. Created thought leadership work in the area of pension financial management, fixed income valuation and role of institutional investors in class action litigation. By invitation, co-taught derivatives workshop for company’s national conference

• Associate Professor of Finance

  Sacred Heart University

  (Educational Institution; 501-1000 employees; Education Management industry)

  1989 — 1999 (10 years )

  Tenured position. Taught Investments, Managerial Economics, Corporate Finance, Financial Statement Analysis, Modeling at undergraduate and/or MBA Levels, in person and via e-learning platform. Later taught finance courses as adjunct at the University of Connecticut, Pace University and Fairfield University

• Manager

  Bankers Trust

  (Public Company; Banking industry)

  1987 — 1988 (1 year )

  Implemented $5 million minimum hedge management programs for global corporations and banks using interest rate and foreign currency futures and exchange-traded options. Later evaluated acquisitions and joint ventures as part of global treasury team. Managed $1 billion short-term tax advantaged investment portfolio.

• Vice President

  Bank of America

  (Public Company; Banking industry)

  1984 — 1987 (3 years )

  Advised and executed hedges and related capital markets financings for multinational corporations and financial institutions. Executed bank’s first asset swap with large insurance company client. Later worked on the foreign exchange trading desk with multinational corporations and financial institutions as advisor and trader in areas of foreign currency spot, forward, swaps and over-the-counter options.

Susan Mangiero, Ph.D., CFA’s Education

• Carnegie Mellon University - Tepper School of Business

  Post Grad , Computational Finance , 1998 — 1999

  Activities and Societies:

  Took various courses in modeling, statistics and derivative instrument valuation

• The University of Connecticut School of Business

  Ph.D. , Finance, Math , 1997

• New York University - Leonard N. Stern School of Business

  MBA , Finance , 1984 — 1988

• The George Washington University

  M.A. , Economics , 1980

• George Mason University

  B.A. , Economics , 1977

Additional Information

Susan Mangiero, Ph.D., CFA’s Interests:

New Technology, Investing, Valuation, Governance, Venture Capital, Consulting Offers, New Ventures, Job Inquiries, Expertise Requests

Susan Mangiero, Ph.D., CFA’s Groups:

CFA Institute, Global Association of Risk Professionals, National Association of Certified Valuation Analysts, Professional Risk Managers' International Association, American Society of Appraisers, Institute of Business Appraisers,, Governance Group, Hedge Fund Association, Tim Jones, Pensions & Investments

•    eOffice
•    AIESECAlumni
•    Executive Suite
•    PricewaterhouseCoopers Alumni
•    NYU Stern School of Business
•    Private Equity and Venture Capital Group
•    eMarketing Association Network
•    The "Risk" Factor
•    RecruitingBlogs
•    Speakers and Panelists
•    Hedge Fund Group (HFG)
•    ThoseinMedia
•    Financial Executives International (FEI)
•    Financial Risk Management Network
•    New York Venture Community
•    QWAFAFEW Quantitative Investment Society
•    New Media, Social Media, and Social Networking Participants
•    Internet Product Management Group
•    Risk Managers
•    Consulting Enterprise Governance, Risk and Compliance Management
•    FASB 133 - Accounting for Derivative Hedges
•    Knowledge Management
•    Media Professionals Worldwide
•    ExpertClick
•    International Network of Actuarial Risk Managers
•    Management Society
•    Pension and Employee Benefits Specialists
•    Media & Entertainment Professionals
•    Corporate Valuation Professionals
•    Venture Capital Group
•    Valuation
•    American Business Media
•    Central Connecticut Investment Professionals
•    Women in Financial Markets
•    ASPPA - American Society of Pension Professionals and Actuaries
•    Connecticut Hedge Fund Association
•    ERISABoard
•    Property Derivatives
•    Seeking Alpha Contributors
•    401k PROJECT CONNECT
•    Terrapinn Alternative Investment Conferences
•    TheFunded Founder Institute
•    The Committee for the Fiduciary Standard

Susan Mangiero, Ph.D., CFA’s Honors:

CFA Institute - Annual Continuing Education Certificate, 2006
CFA Institute, 15-year Continuing Education Certificate, 2005
President, CT State Chapter, National Association of Certified Valuation Analysts, 2004-2006
General Electric Company, Green Belt Six Sigma Certification, 2001
Member, Global Association of Risk Professionals Financial Risk Manager Exam Committee, 2001-Present
Doctoral Dissertation Award Finalist, Financial Management Association International, 1995
Doctoral Exam Honors Recipient, University of Connecticut, 1994

Susan Mangiero, Ph.D., CFA’s Contact Settings

Interested In:

• consulting offers
• new ventures
• expertise requests
• business deals