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| The Directors have a background in Operational Research and Decision Science. |
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Directors Bios |
Lyle F A Jackson, Director |
Born and educated in England, Lyle holds a BSc in Accounting and Finance; and an MSc in Operational Research, both from the London School of Economics. Since graduating from LSE, Lyle has actively sought work that brings together the two disciplines.
Lyle started his career consulting to a large British corporate bank on the design and build of a residual value model. He went on to spend some time broadening his understanding of credit risk modelling within the bank’s portfolio analytics team. During his time at the bank, Lyle authored papers on PD model validation methodologies; developed a robust methodology for mapping internal bank credit grades to those of external credit rating agencies; wrote a VBA toolset to reduce the analytics of PD model validation from weeks to hours; and implemented an LGD model across multiple countries. He later orchestrated the design and build of a large scale linear programming optimisation to optimally allocate bank capital according to various soft and hard constraints.
With a formalised knowledge of credit risk and an appreciation of modelling in general, Lyle started White Kite with Seth Aslin in October 2006. Since then, White Kite has taken on a number of credit risk-related projects, including model builds, model transfers and research work, where Lyle has managed the LGD and EAD project-streams. White Kite has also undertaken more general modelling work. Recent projects include the migration of a large commercial application from a legacy software environment to Excel VBA, for a well-known shipping consultancy. Lyle has a particular interest in spreadsheet model risk and best practice modelling.
Lyle has recently taken up golf and can be found on a football pitch most Saturday afternoons, playing for St Lawrence Football Club.
Email: lyle.jackson@whitekite.com
Phone: +44 (0) 207 234 9474
Mobile: +44 (0) 791 753 2702 |
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Seth Aslin, Director |
Educated in Australia and the UK, Seth holds a BSc in Aviation Science as well as an MSc in Operational Research from the London School of Economics. In 2005, he has also completed the highly-regarded Certificate in Quantitative Finance (CQF) in London, an intensive programme focused on stochastic models for the risk management and pricing of derivatives.
Seth recently left the Royal Bank of Scotland (RBS) as the head of one of the Bank's Basel II risk modelling teams to launch White Kite with Lyle Jackson, to provide model-focused consulting services to the banking and financial services sector. While at RBS, Seth led several projects including the development of a simulation-based value-at-risk platform that measured residual value risk across several large leasing portfolios and time horizons. He ran the Bank’s PD (probability-of-default) modelling function, responsible for model development; model validation; and calibration of rating scales. In this role, Seth initiated and led a comprehensive redevelopment of the Bank’s quantitative methodologies for model development and validation, contributing also to the Bank’s application for AIRB status under Basel II. Prior to running the PD team, Seth designed an LGD framework that leveraged the Bank’s priority forecasting and valuation models.
Before turning to banking, Seth worked for several companies in the aerospace industry, providing modelling support to the leasing and sale of commercial aircraft in Australia, the Pacific region, Europe and the US. Unable to resist the coming boom, he was also the co-founder in 1999 of a US-based Internet company that developed a set of online trading applications for the aerospace industry. During this period, Seth spoke at multiple conferences and air-shows, across the US and Europe, regarding Internet strategy and supply chain evolution.
Seth’s continuing focus is on probabilistic and predictive modelling methods—especially non-parametric techniques more connected with pattern recognition and machine learning. In the credit risk context, he specialises in methods for working with problematic data sets such as might be encountered in low default portfolios. Using these methods, he has developed advanced approaches for model development, parameter estimation and model calibration.
With a lifelong interest in aircraft and aviation in general, Seth has held a private pilot’s licence in Australia and hopes to renew this licence in the UK.
Email: seth.aslin@whitekite.com
Phone: +44 (0) 207 234 9472
Mobile: +44 (0) 791 753 2685 |
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| White Kite: +44 (0) 207 234 9470 |
| Email: risk@whitekite.com |
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