Bernard S. Donefer
 Adjunct Associate Professor
Department of Information, Operations & Management Sciences

Henry Kaufman Management Center
44 West 4th Street, Suite 8-171
New York, New York 10012-1126
(212) 998-0831
bdonefer@stern.nyu.edu




Biographical Information

Prof. Donefer enjoyed a 35 year career in the international financial services industry, working with banks,
exchanges and securities firms in the US, Europe and Asia. He began his teaching career in 2003.

From 1996 through 2002, Prof. Donefer was SVP and Head of Capital Markets Systems at Fidelity Investments
in Boston, implementing one of the industry's first straight through processing (STP) equity trading environments. 
He was also responsible for their algorithmic trading, fixed-income, foreign exchange, market making and mid-office
systems, client and marketplace connectivity and their proprietary real time VaR based credit and market risk
management system.
 
As President of two international software businesses aimed at financial institutions, he developed an early
global credit risk system product.  Prior positions included EVP-CIO of Dai Ichi Kangyo, now Mizuho Bank, where
he was responsible for their operational recovery after the 1993 World Trade Center attack.  He has been consultant
to, among others, the New York and Milan Stock Exchanges, Lehman Brothers and Citigroup.  Recently he 
advised two digital economy start-ups.  Prof. Donefer is also principal of Conatum Consulting, LLC , where
he teaches and consults to corporate clients and has been an expert witness in patent cases regarding trading
technology and financial markets.

He recently chaired Algo Trading and Best Execution conferences, spoke on Issues in CDS's, CDO'sand SIV's,
 Challenges and Opportunities of Electronic Trading in Global Markets at the Global Securities Trading Forum, 
was Chair, Moderator and Speaker at the Changes in Market Structure Focus Summit, at Trade Tech, was
Chair, Moderator and Speaker at Derivatives Trading and  Chair, Moderator and Speaker on Assessing Trading
Risk at Hedge Fund Trading Forum .

He has acted as a volunteer advisor or board member to Artists for Humanity, St. Luke's Chamber Ensemble,
Poets in the Schools, Volunteers for the Arts and the Volunteer Urban Consulting Group. In spring Prof.
Donefer teaches an intensive course on the financial markets, preparing selected undergraduate students with
Sponsors for Educational Opportunity, for summer internships with participating New York firms. Prof. Donefer was
the faculty advisor to the RentBid project which won the 2004 Baruch Entrepreneurial and the NYC Microsoft Imagine
Cup competitions. 
 
Prof. Donefer has spoken and written in the US, Europe and Asia on the use of technology in the financial
services industry and on risk management system implementation.  He holds an MBA in Finance from the
Stern School.

Current Academic Appointments

 Research Interests Courses Taught
 Suggested Readings

I am often asked about further readings and useful websites for my courses.  Here is a personal list of suggestions: Readings and Websites

Recent Press Citations

Securities Industry News, Reuters, Advanced Trader, Wall Street and Technology and Nikkei Shimbun and CNBC Japan
Link to press citations

Recent Speaking Engagements