Richard Sandor
From MarketsWiki
| Dr. Richard Sandor | |
| |
| Occupation | Chairman and CEO |
|---|---|
| Employer | Chicago Climate Exchange |
| Location | Chicago, Illinois, USA |
| Web site | http://www.chicagoclimateexchange.com |
Dr. Richard Sandor is chairman and CEO of the Chicago Climate Exchange, a self-regulatory exchange that administers the world’s first multi-national and multi-sector marketplace for reducing and trading Greenhouse gases.[1] He also a research professor at the Kellogg Graduate School of Management at Northwestern University.[2][3]
Background
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Sandor has held a variety of senior executive positions in the financial services industry at Drexel Burnham Lambert, Kidder Peabody and Banque Indosuez.[4] He has served on a long list of committees and boards including the Chicago Board of Trade, the Chicago Mercantile Exchange, the London International Financial Futures Exchange (LIFFE) and the International Advisory Board of the Marché à Terme International de France (MATIF). Sandor also serves as a board member of American Electric Power, IntercontinentalExchange, and of Bear Stearns Financial Products Inc., and its subsidiary, Bear Stearns Trading Risk Management Inc.
In its fifth annual list of International Heroes, published by Time magazine in October 2007, Sandor was honored as "The Father of Carbon Trading."[5] Just five years earlier, in August 2002 Sandor also was chosen by Time as one of its "Heroes for the Planet" for his work as the founder of the Chicago Climate Exchange (CCX). In November 2004, Sandor was the recipient of an honorary degree of Doctor of Science, honoris causa, by the Swiss Federal Institute of Technology (ETH) of Zurich, Switzerland, for his pioneer work in the design and implementation of innovative and flexible market-based mechanisms to address environmental concerns. He has been a faculty member of the School of Business Administration at the University of California, Berkeley, and at Stanford University.
Biography
Sandor was born on Sept. 7, 1941.
While on sabbatical from the University of California, Berkeley, in the early 1970s he served as vice president and chief economist of the Chicago Board of Trade. It was at that time that he earned the reputation as the principal architect of the interest-rate futures market, in particular Treasury bond futures. Sandor was honored by the City of Chicago and the Chicago Board of Trade for his contribution to the creation of financial futures and has been credited with being the "father of financial futures."[6]
Education
Sandor received his Bachelor of Arts degree from the City University of New York, Brooklyn College, and holds a Ph.D. in Economics from the University of Minnesota.
Podcasts
- The Father of Emissions Trading - Make a difference, all while making a buck. Bryan Walsh talks to economist Richard Sandor about the idea, and the profit proposition, of emissions trading[7]
References
- ↑ CARBON KING - Economist Strikes Gold In Climate-Change Fight. Wall Street Journal. Retrieved on March 17, 2008.
- ↑ Staff - Richard L. Sandor, Ph.D., Dr. Sc.h.c.. Chicago Climate Exchange. Retrieved on March 17, 2008.
- ↑ How to Save the Planet and Make Money Doing It. Time Magazine. Retrieved on April 21, 2008.
- ↑ The World According to Richard Sandor. DerivativesStrategy.com. Retrieved on March 17, 2008.
- ↑ Heroes of the Environment. Time Magazine. Retrieved on March 17, 2008.
- ↑ Trading Effluence. College of Liberal Arts, University of Minnesota. Retrieved on March 17, 2008.
- ↑ The Father of Emissions Trading. Time Magazine. Retrieved on April 21, 2008.
