Frank Li

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Frank Saishi Li (born August 17, 1958 in Chongqing, China) is the co-founder of Spectrum-Prime Solutions, L.P. Frank Li specializes in quantitative infrastructure, analytic modeling, trading system construction, and risk measurement and management.

Frank Li graduated from Sichuan University in 1982, from there, he was an Assistant Professor at People's University of China in Beijing, China, teaching mathematics, statistics, and economics

[edit] Education

BS Mathematics, Sichuan University, China–1982 MS Applied Mathematics, Wichita State University–1992 PhD Statistics and Decision Sciences, Duke University–1997

[edit] Early career

Prior to forming Spectrum-Prime, Frank founded and led the quantitative analysis group at Reliant Energy as Vice President. During his five years at Reliant, he established a highly profiled analytic team and systematically applied quantitative tools to all aspects of Reliant's energy service business. His group was responsible for establishing and supporting systems for trading gas, power, emission and weather; risk management for front and mid-office; financial and physical asset optimization; structuring; origination and retail initiatives. His team designed, constructed and supported systems and packages including:

-Financial gas trading

-Portfolio management

-Weather derivative trading

-Bidding/scheduling for asset-backed trading

-Valuation for structured deals

-Real time risk measurement and control

-Power market simulation

-Universal derivative pricing library

Frank was a senior analyst at Advanta National Bank in 1997, (later merged with Fleet Bank) where -his main contributions included:

-Developing direct marketing strategies for credit card, mortgage, and insurance products

-Analyzing risk structures of portfolios

-Assessing international market and developing global investment strategies

In 1995-96, Frank worked as an associate analyst at Bankers Trust (Deutsche Bank) focusing on asset allocation and derivative pricing, by building stochastic process models for dynamic markets.

Frank authored the 1997 book, Time Deformation and its Application, and coauthored the 2002 book, Real Option and Energy Management.