Chia-Ling Hsu is a Principal of Rutter Associates. She joined Rutter Associates in 2006. Ms. Hsu received her M.S. in Operations Research at Columbia University in 2005. Her project at Columbia University was to apply and implement the Brace-Gatarek-Musiela model, known as the lognormal forward-LIBOR model, to price inflation-linked derivatives. Ms. Hsu obtained both a B.B.A. and M.B.A. in Finance from National Taiwan University. At Rutter Associates, Ms. Hsu has provided independent valuation for risk management, trading, litigation and accounting purposes. These projects have involved various derivatives, including plain vanilla and complex credit, interest rate, and FX derivatives. She has also performed substantial modeling and valuation, of cash and synthetic structured credit products, such as CLO, CDO of Corporate, RMBS, and ABS. Ms. Hsu has been a speaker at the International Association of Credit Portfolio Managers (IACPM) Education Seminar, demonstrating the value of credit portfolio management using a simulation exercise. She has also developed a VaR demonstration model and provided scenario analysis of sample portfolios for regulator review. In addition, Ms. Hsu has been involved in projects validating clients’ internal credit rating models and analyzing clients’ trading strategies. She is a CFA Charterholder and a Certified FRM holder.