Thomas K. Philips, Ph.D.

  • Adjunct Professor


thomas k philips

Thomas K. Philips is an accomplished senior investment professional, researcher, educator, author, and subject matter expert on Risk Management, Portfolio Management, Performance Measurement, and Valuation. He currently teaches Quantitative Portfolio Management and Valuation Theory in the Department of Finance and Risk Engineering at NYU’s Tandon School of Engineering. He has a long history of achievement, including award-winning innovation and research that has influenced investment practice, product design, client service, and education. He is a highly sought-after speaker at seminars, conferences, and educational events.

Tom is the former Global Head of Front Office Risk for the Institutional Division of BNP Paribas Asset Management. In that role, he directly oversaw and led the organization in many crucial areas including risk management, risk systems, risk budgeting, and client advisory, and was a member of the senior management team. 

Prior to managing risk for BNP Paribas Asset Management, he was the Senior Risk Manager for Malbec Partners, a sister firm that was focused on hedge funds. He joined Malbec Partners from OTA Asset Management, a multi-strategy hedge fund where he was Head of Investment Strategy and Risk Control. In that role, Mr. Philips oversaw a diverse set of hedge fund strategies and developed a number of tools, analytics, and techniques to measure monitor, and control risk. 

Prior to joining OTA, he was Chief Investment Officer at Paradigm Asset Management, and a Managing Director at Rogers, Casey, and Associates, where he had joint responsibilities in Research and in Alternative Investments. Earlier, Dr. Philips spent eight years at the IBM Corporation - his first five conducting research on problems in Operations Research, Computer Science, and Applied Mathematics at the IBM Thomas J. Watson Research Center; and the last three at the IBM Retirement Fund.

M.S. and Ph.D. 
Electrical and Computer Engineering 
University of Massachusetts, Amherst, MA

Elected fellow of the graduate school and elected to Tau Beta Pi

B. Tech. in Electrical Engineering 
Benares Hindu University-Varanasi, India

Tom has published over thirty articles on a wide range of topics in Finance, Engineering, and Mathematics. In 2000, he received the first Bernstein / Fabozzi / Jacobs-Levy award for his paper “Why Do Valuation Ratios Forecast Long Run Equity Returns” which appeared in the Journal of Portfolio Management, and in 2008, he received the Graham and Dodd Scroll Award for his paper “Saving Social Security: A Better Approach”, which appeared in the Financial Analysts Journal. 

  • Graham and Dodd Scroll Award, Outstanding Article, Financial Analysts Journal
  • First Berstein/Fabozzi/Jacobs-Levy Prize, Best Paper, Journal of Portfolio Management
  • IBM Achievement Award 
  • Member (Director from 2003 – 2008 and President, 2006 – 2007), Society of Quantitative Analysts
  • Member, Chicago Quantitative Alliance
  • Board Member, CMC Vellore Foundation


Tom is a well-recognized and accomplished public speaker adept at presenting complex ideas in simple terms to institutional and retail clients and prospects. His worldwide audiences have included:

  • Central banks of Brazil, Brunei, Colombia, Mexico, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, and Thailand.
  • Official Institutions including CEMLA (Centro de Estudios Monetarios Latinoamericanos), FLAR (Fondo Latinoamericano de Reservas), IMF and the World Bank
  • Corporate and public pension plans, asset distributors, and pension consultants
  • Industry groups including the Institute for Quantitative Research in Finance (Q Group), the Chicago Quantitative Alliance, the Society of Quantitative Analysts, and the Institutional Investor Institute