Peter Carr Nyu dead, Remembering A Quant Hero

Peter Carr NYU Tandon Finance Chair: Remembering a Quant Hero Peter Carr is an iconic quant figure to many around the world. His sudden passing this week took us by surprise. From his work to his teaching, what Peter has done for the world is extraordinary.

Prior to becoming Tandon’s professor and chairman, Peter Carr was a well-respected quant analyst at Morgan Stanley. Peter spent 6 years at Morgan Stanley as Global Head of Market Modeling. A former Morgan Stanley employee who worked with Peter said it was “truly shocking and heartbreaking”.

Peter was named Financial Engineer of the Year 2010 by #IAFE (International Association of Financial Engineers) and Financial Engineer of the Year 2003 by Risk Magazine.

Prior to joining Morgan Stanley, Peter worked at Bloomberg as Head of Quantitative Research. Prior to Bloomberg, Peter was Head of Equity Derivatives at Bank of America Securities. Before joining Wall Street, Peter taught at Cornell University’s Johnson College.

At NYU, a student told us: “Peter went out of his way to help me when I was lost in my career and life.” Peter’s peers at NYU were also brought back, one of whom told us she was “shocked” , another told us he was “very saddened that Peter’s family left us so soon”.

“The strength of NYU is its outstanding faculty, exemplified by Tandon Chair of Finance and Risk Engineering Peter Carr. As a scholar, teacher, colleague, department chair and businessman, he respected for his talent, great gifts, and leadership. NYU has lost a man who was not only very successful but was deeply admired and loved. His passing is a grave loss to NYU, and Tandon School in particular, Especially when it came so suddenly.”

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