Jack Marshall is the senior principal of Marshall. Tucker & Associates, LLC, a financial engineering and derivatives consulting finn
with offices in New York, Chicago, Boston, San FrancIsco. Philadelphia. and London; he is Vice Chairman of the Board of Directors
of the International Securities Exchange, the first screen·based options exchange in the United States; he also serves as the
Chairman of the ISE's Finance & Audit Committee; and he Is the CEO of Port Jefferson Capital I, a first-stage venture capital fund.
Dr. Marshall is the author of nineteen books on financIal products, markets, and analytics including
Futures and Option Contracting
Financia/ Engineering: A Complete
Guide to Financial Innovation
(Simon & Schuster) and, his most recent,
2000). He has
also authored several dozen articles published in professional iournals and he is a frequently requested speaker for financial
Dr. Marshall is an accomplished financial innovator. He contributed to the development of the mathematical underpinnings of
cashlindex arbitrage using stock index futures (sometimes called program trading), and to the development of the first published
pricing models for both equity swaps and CMT swaps.
He is the originator or co-originator of seasonal swaps, synthetic barter, and
macroeconomic swaps. He also participated in the development of several mortgage product variants.
Dr. Marshall served on the faculty of the Tobin Graduate School of Business of St. John's Umversity for twenty years, retiring in
August 2000. While on the faculty, he was the youngest person ever voted to the rank of full professor at that institution.
Concurrently, from 1992 to 1998, Dr. Marshall served as the Executive Director of the International Association of Financial
Engineers (IAFE). During his time as its Executive Director. the IAFE grew from 40 founding members to over 2000 members
worldwide. From 1997 through 1999 he served on the Board of Directors of the Fischer Black Memorial Foundation. From 1991 to
1995, Dr. Marshall served as the managing trustee for Health Care Equity Trust, a closed--end Iimited·life investment company
sponsored by Paine Webber.
From 1994 to 1996, Dr. Marshall served as Visiting Professor of Financial Engineering at Polytechnic
University where he created the first Master of Science degree program in Financial Engineering under a grant from the Alfred P.