Madoff whistleblower speaks at Center for Asset Mangement Conference
On Thursday, June 4, Harry Markopolos MSF’97, "the Madoff whistleblower," made a rare public appearance at the 2009 Center for Asset Management Conference, offering attendees a behind-the-scenes look at his investigation, which uncovered the world’s largest Ponzi scheme. (Above, Markopolos, center, talks with Jay Hooley, President and COO of State Street, left, and Stanley Shelton MSF’86.) View Markopolos’s presentation.
It was Markopolos’s second visit to Boston College in three weeks: On May 18 he spoke at the Carroll School's Graduate Programs Commencement ceremony, where he also received a Distinguished Alumni Award.
Each year, the Carroll School’s Center for Asset Management brings together top academic researchers, executives, policy makers, and industry professionals to discuss current issues in American finance. The credit markets and the financial crisis were this year's topics.
The 2009 conference featured keynote addresses by Edward I. Altman, Max Heine Professor of Finance at New York University’s Stern School of Business, and former Chairman and CEO of Freddie Mac Richard Syron ’66. Panel discussions included Putnam Investments President and CEO Robert Reynolds; officials from the Federal Reserve Board, the Securities and Exchange Commission, and private firms; and noted academics, such as Harvard Business School’s David Scharfstein.
“This has been a tumultuous year and one that has demanded all of us take a much closer look at some fundamental issues of practice, regulation, and performance,” Dean Andy Boynton noted. “This was a crucial exchange at a critical time in the history of the global economy.”
Reynolds agreed. He discussed the future of regulation with Cliffwater LLC Managing Director Tom Lynch ’81 and financial journalist John Morris. “To bring people from the public, private, and government sectors together to talk about these issues gives you the chance to walk away with a better feeling about where we are in the economy and where we’re headed,” Reynolds said.
Syron, a BC Trustee Associate who has run the Federal Home Loan Mortgage Corporation (Freddie Mac), Thermo Electron Corp., the American Stock Exchange, and the Federal Reserve Bank of Boston, said the University is the perfect place for industry leaders to meet. “Boston is a center of asset management and BC is a center of finance education. It’s a natural for leaders at a national level to come here.”
View the conference agenda.