Shannon Burchett

Shannon Burchett is an American business executive and a U.S. author on topics of risk theory and strategy, including Risk Rules, which defined the fundamental laws of risk.
He obtained an MBA in finance from the Freeman School of Business at Tulane University and then became a corporate foreign exchange trader in New York. He was at Bankers Trust New York during the development of the financial derivatives market. He was director of international finance at Aetna in Hartford, Connecticut. He subsequently worked with financial derivatives for Salomon Brothers’ Phibro commodity trading unit, and then with Chase Manhattan in creating hybrid market transactions such as structured notes. He was president of Ameren Energy. In the late 1990s he became managing director of Risk Limited Corp in Dallas and lead the development of the default probability rating model now used in the RiskRank system for managing credit risk of trading portfolios.
Burchett and [http://books.google.com/books?id84Wz-iL05CEC&printsecfrontcover&dq=valery+kholodnyi&sourcebl&otsvNKy5UPGzp&sigL7O8PwrdTW_lppbKdF54B2DXw4Q&hlen&eidjHUTJm1MYL98AaZs9CyCw&saX&oibook_result&ctresult&resnum8&ved0CDQQ6AEwBw#vonepage&qvalery%20kholodnyi&f=false Valery Kholodnyi], Fellow at the Wolfgang Pauli Institute, developed operational risk estimation techniques for rare events.
He was included in Energy Risk magazine's hall of fame in 2004 for risk management innovations and received Energy Risk magazine's "Outstanding Achievement of the Year" award in 2006 for providing risk management experts to assist with relief work in
the New Orleans area following Hurricane Katrina.
Burchett was an adjunct professor of finance and economics at New York University and Tulane University. He is a regular guest contributor on Indian TV news channels CNBC Awaaz and NDTV.

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