The LSE Directory / Quant researchers
Emanuel Derman is a South African-born physicist and quantitative finance pioneer who joined Goldman Sachs in 1985, eventually leading its quantitative strategies group. In 1990 he co-created the Black-Derman-Toy interest rate model, one of the most widely used short-rate models on derivatives desks. He later became Professor of Professional Practice at Columbia University and authored My Life as a Quant (2004).
