ADAPTIVE RISK MODELING ADVISOR

Go To Publications

ADAPTIVE RISK MODELING ADVISOR

A former full-time academic, Dr. Passman has developed a career as a consultant primarily, but not exclusively, centered on the UK financial and defense industry. After a successful career in academe, Dr. Passman was employed by the Centre for Defence Analysis (CDA), a part of the UK Ministry of Defence (MOD) Evaluation and Research Agency (DERA). Dr. Passman’s main role within CDA was not only that of a full-time research analyst utilizing his technical ability and commercial understanding to drive projects but also to inform governmental officials of such research to help them undertake high level decisions. Subsequently, Maurice moved over to QinetiQ, the commercialized research arm of the MOD.

The work undertaken at CDA included MOD driven operational research in areas such as stochastic modeling, data fusion and combat simulation. However, Maurice’s time at CDA and QinetiQ was marked by his production of revolutionary work in combat simulation modeling and the algorithmic description of operations other than war, command and control, asymmetric and network centric warfare utilizing complexity mathematics. Dr. Passman, in collaboration with Professor James Moffat, was one of the first workers in the UK military analytical community to introduce Complexity and Fractal mathematics/concepts within the realms of military operational research.

Applications of this work were integrated into the simulation modeling of combat, production of combat casualties, data fusion, network centric warfare, asymmetric warfare, friction, and the optimization of military organizations, doctrine and the human element within peace keeping operations for the UK armed forces. The work that Maurice undertook with Professor Moffat was described at the time by MOD higher management as the ‘Jewel in the Crown of MOD Corporate Research’.

Maurice’s second career in consultancy developed when he left QinetiQ to set up his own company, Adaptive Risk Technology working with a number of high profile financial organizations and governmental agencies. Maurice’s main area of endeavor over the last fifteen years has been as a consultant looking at the quantification of unexpected risk for commercial, governmental and finance environments. Lately this has been in the area of wholesale default/credit risk banking models and insurance/reinsurance pricing and reserving models.

Throughout his career, Maurice has maintained a network within the educational establishment collaborating with professors from the Santa Fe Institute, Southern New Hampshire University, and the London School of Economics.