Vincent V. Covrig

Financial Reporting

• Assessed risk models and statistics for a large bank capital markets groups
• Analyzed the value of securities held by failed credit unions for a national regulatory agency
• Independently tested the valuation of multibillion dollar asset-backed securities for one of the largest small business lenders in the U.S.
• Reviewed financial reporting of CDOs, trust preferred, equity, and interest rate swaps
• Evaluated the residual interest in a securitization involving subprime auto loans
• Provided valuation of “cheap stock” for a “blind-pool” REIT
• Assessed a complex bank loan portfolio sale agreement involving nonstandard options, notes, and warrants
• Determined the value of PIPE deal securities on behalf of unsecured creditors
• Developed an approach to value several issues of convertible preferred and common stock
• Analyzed the market price of an illiquid stock for a publicly traded company
• Provided the value of a real estate swap for controlling market risk
• Developed a binomial lattice model to value Employee Stock Options (ESOs)

Tax

• Developed a contingent claim analysis method to value the common stock for a venture type private company for tax purposes
• Valued a portfolio of auto loan receivables using a specialized model to determine tax value

• CFA Institute member
• American Finance Association member
• American Society of Appraisers member

• Doctor of Philosophy (PhD), Quantitative Finance and Economics
  Arizona State University
• Bachelor of Science, Electrical Engineering
  Polytechnic University