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John C. Hull Professor of Finance, Director, Centre for Finance and Maple Financial Group Chair in Derivatives and Risk Management   Degrees   PhD, Cranfield University MA, Lancaster MA, University of Cambridge BA, University of Cambridge Email   Personal Web Site   http://www.rotman.utoronto.ca/~hull

Positions Held Academic Positions 2000-Present   Maple Financial Group Chair in Derivatives and Risk Management 1998-Present   Director, Centre for Finance 1990-Present   Professor, Finance, Rotman School of Management, University of Toronto 1988-1990   Associate Professor, Finance, Faculty of Management, University of Toronto 1981-1988   Associate Professor, Finance, Faculty of Administrative Studies, York University 1976-1981   Lecturer (promoted to Senior Lecturer in 1978), Finance and Accounting, Cranfield School of Management 1973-1976   Lecturer, Quantitative Aspects of Management, Cranfield School of Management, Cranfield, England 1971-1972   Senior Research Officer, London Graduate School of Business, London, England Non-Academic Positions 1969-1971   Corporate Planning Officer, British Shoe Corporation, Leicester, England

Selected Articles and Papers "Volatility Surfaces: Theory, Rules of Thumb, and Empirical Evidence," with Toby Daglish and Wulin Suo, Quantitative Finance (October), Vol. 7, No. 5, 2007, 507-524 "Forwards and European Options on CDO Tranches," with Alan White, Journal of Credit Risk (Summer), Vol 3, No. 2, 2007, 63-73 "Valuing Credit Derivatives Using an Implied Copula Approach," with Alan White, Journal of Derivatives (Winter), Vol. 14, No. 2, 2006, 8-28 "Bond Prices, Default Probabilities, and Risk Premiums," with Mirela Predescu and Alan White, Journal of Credit Risk, Vol. 1, No. 2, 2005, 53-60 "Merton's Model, Credit Risk, and Volatility Skews," with Izzy Nelken and Alan White, Journal of Credit Risk, Vol. 1, No. 1, 2004, 1-27 "Relationship Between Credit Default Swap Spreads, Bond Yields, and Credit Rating Announcements," with Mirela Predescu and Alan White, Journal of banking and Finance, Vol. 28, 2004, 2789-2811 "Valuation of a CDO and an nth to Default CDS without Monte Carlo Simulation," with Alan White, Journal of Derivatives, Vol. 12, No. 2, 2004, 8-23 "Accounting for Employee Stock Options," with Alan White, Journal of Derivatives Accounting, Vol. 1, No. 1, 2004, 3-9 "How to Value Employee Stock Options," with Alan White, Financial Analysts Journal, Vol. 60, No.1, 2004, 114-119 "Valuing Credit Default Swaps," with Alan White, Journal of Derivatives, Vol 10, No. 3, 2003, 40-50 "A Methodology for Assessing Model Risk and its Application to the Implied Volatility Function Model," with Wulin Suo, Journal of Financial and Quantitative Analysis, Vol. 37, No. 2, 2002, 297-318 "One Factor Term Structure Models and SuperCalibration," with Alan White, Financial Analysts Journal, Vol. 57, No. 6 (Nov/Dec), 2001, 34-43 "Valuing Credit Default Swaps II: Modeling Default Correlations," with Alan White, Journal of Derivatives, Vol. 8 No. 3 (Spring), 2001, 12-22 "Forward Rate Volatilities, Swap Rate Volatilities, and the Implementation of the LIBOR Market Model," with Alan White, Journal of Fixed Income, Vol. 10, No. 3 (September), 2000, 46-62 "Valuing Credit Default Swaps I: No Counterparty Default Risk," with A. White, Journal of Derivatives, Fall, 2000 "Valuing Credit Default Swaps I: No Counterparty Default Risk," with Alan White, Journal of Derivatives, Vol. 8 No. 1 (Fall), 2000, 29-40 "Value at Risk When Daily Changes in Market Variables are not Normally Distributed," with A. White, Journal of Derivatives (Spring), Vol. 5, No. 3, 1998, 9-19 "Incorporating Volatility Updating into the Historical Simulation Method for VaR," with A. White, Journal of Risk (Fall), Vol. 1, No. 1, 1998, 5-19 "Using Hull-White Interest Rate Trees," Journal of Derivatives (Spring), Vol. 3, No. 3, 1996, 26-36 "The Impact of Default Risk on the Prices of Options and Other Derivative Securities," with A. White, Journal of Banking and Finance, 1995 "Numerical Procedures for Implementing Term Structure Models II: Two-Factor Models," with A. White, Journal of Derivatives, (Winter), 1994, 37-48 "Numerical Procedures for Implementing Term Structure Models I: Single-Factor Models," with A. White, Journal of Derivatives (Fall), 1994, 7-16 "One Factor Interest Rate Models and the Valuation of Interest rate Derivative Securities," with A. White, Journal of Financial and Quantitative Analysis, Vol. 28, No. 2, (June), 1993, 235-254 "Bond Option Pricing Based on a Model for the Evolution of Bond Prices," with A. White, Advances in Futures and Options Research, Vol. 6, 1993, 1-13 "Efficient Procedures for Valuing European and American Path-dependent Options," with A. White, Journal of Derivatives (Fall), Vol. 1, No. 1, 1993, 21-31 "Valuing Derivative Securities Using the Explicit Finite Difference Method," with A. White, Journal of Financial and Quantitative Analysis, Vol. 25, No. 1 (March), 1990, 87-99 "Pricing Interest-rate Derivative Securities," with A. White, The Review of Financial Studies, Vol. 3, No. 4, 1990, 573-592 "Assessing Credit Risk in a Financial Institution's Off-balance Sheet Commitments," Journal of Financial and Quantitative Analysis, Vol. 24, No. 4 (December), 1989, 489-502 "An Analysis of the Bias in Option Pricing Caused by a Stochastic Volatility," with A. White, Advances in Options and Futures Research, Vol. 3, 1988, 29-61 "The Pricing of Options on Assets with Stochastic Volatility," with A. White, Journal of Finance, Vol. 42, No. 2, 1987, 281-300 Books/Chapters Fundamentals of Futures and Options Markets, Prentice Hall, Sixth Edition, 2008 Risk Management and Financial Institutions, Prentice Hall, First edition, 2007 Options, Futures and Other Derivatives, Prentice Hall, Sixth Edition, 2006 Hull-White on Derivatives, Risk Publications, June, 1996

Honors/Awards 2006 In an industry survey by ICBI voted the academic who has made the most contribution to the derivatives industry over the previous five years 2002 Included by the magazine Risk in its Hall of Fame as one of the 50 people who have made a profound contribution to the field of risk management 2002 Winner of the University of Toronto's Northrop Frye Award for successfully linking teaching and research 2001 Appointed Chairman of Moodys Academic Advisory Committee 1999 IAFE Financial Engineer of the Year 1999 Roger and Nancy Martin Award for Excellence in Teaching 1999 Best Second Year Teacher Award 1996 Outstanding Teacher Award 1989 (With Alan White) Nikko-LOR Research Competition 1989 The GBC Award presented in recognition of outstanding service by a faculty member to the students of the Faculty of Management

Research and Teaching Interests All aspects of financial engineering including market risk, credit risk, the valuation of interest rate derivatives, and numerical procedures for valuing derivatives. Author of three popular books on derivatives and risk management.