Richard Wong, Ph.D.
Analytics, Economics & Strategy Leader
Builder of Advanced Analytical teams, transitioning businesses from Descriptive/Reporting to Predictive & Prescriptive organizations where Insights equal Actions
Background
Richard has 20+ years of experience developing analyses and models to forecast and measure market size, growth, returns, and risks. He specializes in leading teams that apply macroeconomic analysis and advanced analytics to drive value-creating investment, operational, risk management, and corporate/business strategy decisions. Richard is a Director and the Head of Advanced Analytics and Economics within HP Inc.'s Corporate Strategy function. He leads a global team of economists, data engineers, data scientists, and commercial & consumer technology (Hardware and Services) industry analysts with the critical responsibility for delivering accurate forecasts of technology market size growth & trends to drive efficient and profitable operational and strategic decisions.
Before joining HP Inc., he had a short stint running his consulting practice, where he developed reports and analyses to assist small businesses with site location and business expansion strategies. Before that, he was a Senior Vice President and Head of Macroeconomic Research and Strategy at Hartford Investment Management Company (HIMCO), the asset management arm of The Hartford. Richard joined HIMCO in 2007 and was crucial in developing portfolio and single-name quantitative credit risk management models and providing risk and pricing analysis to guide the company through the volatile period during and after the global financial crisis.
Richard started his career at Credit Suisse - HOLT as a Senior Quantitative Analyst. He holds a Ph.D. in economics from the University of Illinois at Chicago, specializing in economic growth/development, applied econometrics, and financial mathematics. His Ph.D. dissertation focuses on credit risk modeling and the impact of catastrophic risks on financial portfolios, physical capital investments, and insurance decisions. He is a dynamic and enthusiastic thinker who thrives at innovating ideas and driving value for organizations through data analytics.
Value Proposition
Organizational Leadership
Established and grew new analytical business functions, with their influence and reach stretching across the dimensions of the organization. Collaborated with other business leaders during each phase of the functions' development, ensuring the needs of critical stakeholders were accounted for to secure a lasting legacy.
Team Building
Built, developed, and managed teams of economists, data scientists, and financial engineers for over 15 years spanning the financial services and technology industries, with a proven track record of low team turnover and high annual employee engagement scores by creating a team culture of Respect, Appreciation, and Personal Development.
Problem Solving
Adept at solving current organizational problems with limited resources and tight deadlines, identifying potential future issues, and proactively determining and implementing optimal value-impacting solutions. Extensive experience solving novel problems under ambiguous and uncertain conditions.
Areas of Expertise
Advanced Analytics | Macroeconomic Analysis | Investment & Business Strategy
Core Competencies
Advanced Analytics
Statistical Programming
Machine Learning
Visualization
Data Strategy
Predictive Analytics
Economics
Macroeconomics
Public Policy
Demographic Analysis
Housing & Labor Market
Econometric Analysis
Business Strategy
Market Sizing
Scenario Analysis
Pricing Analytics
Portfolio Strategy
Competitive Intelligence
Financial Markets
Interest Rate Forecasting
Credit Risk Modeling
Investment Strategy
Risk Management
Asset Allocation