David Hendler, Founder & Principal
|January 1, 2015|
David Hendler is the Founder and Principal of Viola Risk Advisors, LLC that was established in November 2014. David believes that the sophisticated risk management, capital management, and regulatory exposure management communities have an unmet need for a holistic, enterprise-wide approach toward risk assessment in a transparent, dynamic and open forum fashion. With that vision, David has embarked on presenting Viola’s risk advisory solutions that can satisfy those unmet needs through a web-based channel provided through a password-protected subscription service and via high contact/high value premium consulting services.
David has a unique background as a veteran senior financial services analyst. Over his 30+ years on the Wall Street buy & sell sides and as a senior member of the independent research company CreditSights he has covered investment & financial risk advisory from both the corporate debt & equity research disciplines. Starting on the buy-side at New York Life Insurance Company, he began to hone his credit advisory and analysis skills that has highlighted his investment approach summed up by the saying “plan for the worst case, hope for the best case.” Over his long-lived sell-side tour of duty (14 years), he had the privilege of participating in the capital formation and risk pricing business from various secondary trading shops to primary originating platforms including: Drexel Burnham Lambert, J.P. Morgan Securities, UBS Securities, Smith Barney Inc., and Credit Suisse First Boston. These various approaches to the capital markets business helped to develop his expert capital structure skill-set that was rounded out with an equity research tour at Credit Suisse First Boston as part of their highly ranked U.S. bank research team.
With this knowledge and a global investor and risk management following, David embarked on a long tour of duty on the independent research side at CreditSights, Inc. (approximately 13 years). At CreditSights he established and distinguished the U.S. Financial Services coverage as the Senior Analyst and Head of the biggest research sector. Over that period, the U.S. Financial Services coverage was among the best followed and was highly valued by its subscriber base. This research leadership was especially valued during the hectic and volatile credit crisis period from 2007-2010, when coverage of the banking sector was less than sufficient from various other providers across the Wall Street research spectrum.
Among his managerial positions, David was Head of Corporate Bond Research at Smith Barney Inc. and Head of Financial Services at CreditSights, Inc. David was awarded honorable mention in the 1995 Institutional Investor All-Star Rankings for his work in corporate bond research in the U.S. Banks sector. As part of the U.S. banks team at Credit Suisse First Boston that supported the lead analyst, it was awarded a #2 ranking in both Multinational Banks and Regional Banks for the Institutional Investor Equity rankings in 2000.
David has been a featured speaker at various investment & financial risk conferences many of which he is a member including: the Capital Markets Credit Analyst Society (CMCAS), New York City, NY (past Board Member, Secretary); the Risk Management Association (RMA), NY Chapter; the International Association of Credit Portfolio Managers (IACPM) (USA, Europe, Asia); the CFA Institute, Annual Equity Conference (Chicago); the New York Society of Security Analyst’s (NYSSA) (CFA Society) Research Outlook (NYC, NY); the Fixed Income Analyst Association, Inc. (FIASI) (NYC, NY); the American Financial Services Association (AFSA) (USA & Europe); the Derivatives Week Annual Conference (NYC, NY); SNL’s Annual Bank Seminar & Conference (Charlottesville, VA); and National University of Singapore’s Risk Management Institute’s Annual Risk Management Conference (Singapore).
As the head of Viola Risk Advisors, David presented to the New York Society of Security Analyst's 2015 Forum on "The Flattening of Wall Street Research". Other conferences where he presented included: FactSet's First Annual Fixed Income Investor Conference as part of its biennial Equity Research conference (2015); and Market Media's Electronic Trading Summit (2015).
David received a BS Economics from The Wharton School of the University of Pennsylvania. He was a member of the charter class of the Executive Program in Finance at New York University’s Stern School receiving a MBA in Finance.