Joel Balbien, CFA, Ph.D. has over 30 years of cross-industry expertise, applying his quantitative skills within a number of different corporate environments, ranging from tech start-ups to Fortune 500 companies. Joel’s expertise in financial management (including financing arrangements) asset valuation, microeconomic forecasting, and financial reporting complements his deep industry knowledge in the semiconductor, materials/energy (especially clean technologies), public utilities, healthcare, biotechnology, cybersecurity and e-commerce sectors. Joel is currently a consultant at TechNavi, LLC, assisting global Fortune 1000 specialty chemical companies in identifying market trends and leveraging critical technology. He is also a Principal Advisor at the Larta Institute, which helps entrepreneurs and federal agencies like the U.S. Department of Energy to commercialize new technologies. Joel co-founded Olympus Sky Global, an IoT cybersecurity company, and Smart Technology Ventures, a venture capital fund. Joel is a CFA charterholder. He earned his Ph.D. (Economics) and MS (Social Science) from the California Institute of Technology and his BA from UCSD. Joel is an Adjunct Professor of Economics at California Lutheran University where he teaches graduate level microeconomics, including courses on market structure and game-theory.
Marc Joffe specializes in municipal and sovereign credit issues and also has a background in public policy as well as credit assessment technologies. In his nine years at Moody’s, Marc worked on a variety of software development projects benefiting both the Analytics and Ratings franchises. Prior to joining Moody’s, Marc had technology roles at CIBC, Dresdner Kleinwort and a number of other money center banks. In 2011 he researched and co-authored Kroll Bond Rating Agency’s inaugural Municipal Bond Default study – gathering data on thousands of defaults dating back to 1920. Marc’s research, and the development of his open-source credit model, has been funded by grants and honorariums from The Macdonald-Laurier Institute, Fraser Institute, Mercatus Center, National University of Singapore's Risk Management Institute, the California State Treasurer's Office and the Pew Charitable Trusts. Marc’s work is widely cited and his op-eds have appeared in Bloomberg View, The Guardian, The Fiscal Times and RealClearMarkets. Marc has an MBA in Finance from NYU’s Stern School of Business and an MPA from San Francisco State University.
Gene Phillips is a director at PF2. Gene was previously on the buy-side at a hedge fund within Citigroup Alternative Investments. He began his career in the Derivatives group at Moody’s Investors Service. Gene has written extensive research on debt and credit concerns, including pricing and manipulation in the realm of corporate and structured finance securities; litigation and cultural concerns at financial institutions; and whether credit ratings should be afforded First Amendment protections. More recently, he has concentrated on inefficiencies in market mechanisms. His research and commentary has received numerous press citations in publications such as The Financial Times, New York Times, Wall Street Journal and BusinessWeek. Gene holds a BSc degree in mathematics and applied mathematics, and a BSc Hons degree in the Advanced Mathematics of Financial Derivatives, from the University of the Witwatersrand in South Africa.