People

René Carmona, formerly the chair of the department of Operations Research and Financial Engineering, is an associate member of the Department of Mathematics, a member of the Program in Applied and Computational Mathematics, and Director of Graduate Studies of the Bendheim Center for Finance where he oversees the Master in Finance program.

Professor Carmona is a Fellow of the Institute of Mathematical Statistics, of the Society for Industrial and Applied Mathematics, and of the American Mathematical Society. He is the founding chair of the SIAM Activity Group on Financial Mathematics and Engineering, and a founding editor of the SIAM Journal on Financial Mathematics.

His publications include over one hundred articles and eleven books in probability, statistics, mathematical physics, signal analysis, and financial mathematics. Over the last decade his research focused on the development of a probabilistic approach to Mean Field Games and Mean Field Control. His two-volume book on the subject, co-authored with F. Delarue, was the recipient of the J.L. Doob Prize awarded every three years by the American Mathematical Society.

Ronnie Sircar is the Eugene Higgins Professor of Operations Research and Financial Engineering (ORFE) at Princeton University, and is affiliated with the Bendheim Center for Finance, the Program in Applied and Computational Mathematics, and the Andlinger Center for Energy and the Environment.

His research interests center on Financial Mathematics, stochastic volatility models, energy markets and exhaustible resources, credit risk, asymptotic and computational methods, portfolio optimization and stochastic control problems, and stochastic differential games.

He is a co-author of the book "Multiscale Stochastic Volatility for Equity, Interest-Rate and Credit Derivatives", published by Cambridge University Press in 2011, and was founding co-editor-in-chief of the SIAM Journal on Financial Mathematics, from 2009–2015. He was made a Fellow of the Society for Industrial and Applied Mathematics (SIAM) in 2020.

Rana Mukerji is an industry leader and one of the top global experts in wholesale electricity market design. He founded Loudon Energy Analytics to provide electricity market analytics and advisory services for companies navigating a rapidly changing market landscape.

Prior to founding Loudon Energy Analytics, from 2006 to 2024, Mukerji was Senior Vice President of Market Structures for the New York Independent System Operator, where he helped build the next generation of electric markets. That work included adapting market design and infrastructure for high levels of renewable energy, integrating energy storage, and incorporating distributed resources into markets.

Before joining the NYISO, Mukerji spent seven years with ABB in Raleigh and Zurich, where he served as Vice President and General Manager and Group Senior Vice President. At ABB, he had global responsibility for the company’s Power Technology Asset Management and Consulting services and also led ABB’s global Utility Partner Business.