Waters Wrap: Quants, CDOs, and the blending of job titles

Anthony explains how a quant at a massive bank taking on the CDO title hints at larger industry changes.

Credit: Edgar Degas

When you ask Yury Blyakhman what he does for a living, he’s likely to respond simply: “I’m a quant.” While true, it’s also a bit of an understatement.

Cribbing a bit from his LinkedIn profile, after earning a Master of Science in applied physics and math from the State University of Nizhni Novgorod in Russia, Blyakhman came to the US in 1994 and received his Ph.D. in physics from New York University in 2001. He landed his first job in finance at BNP Paribas, where he spent nearly three years as a

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