MARK H. MENCHIN, Ph.D.

, CFA
111 Apple Lane
Briarcliff Manor, New York 10510
Phone (914) 815-0842 Email: mm5ec484@westpost.net
SUMMARY
Accomplished finance professional with substantial upper management
experience in investment finance. Extensive background in risk
management, asset allocation, portfolio management, asset / liability
modeling, performance attribution and actuarial science. Expertise in
analyzing and evaluating issues concerning pension defined benefit
plans, defined contribution plans, and welfare benefit VEBAs.
EXPERIENCE
PHILIPS ELECTRONICS NORTH AMERICA CORPORATION, New York, NY
Pension Finance Manager - 2004-2008

Determine the appropriate criteria for choosing and terminating

investment managers within the Philips DB and DC plans. Responsible
for risk management, strategic and tactical asset allocation, and
asset / liability studies relating to the Philips pension funds valued
at $3 billion. Derive liability driven investment (LDI) strategies to
quantify the impacts of swaps and other derivatives used to hedge
interest rate liability risk on the pension plan funded status.
Determine appropriate rebalancing and liquidity targets to ensure
proper asset allocations and benefit payouts. Establish and monitor
the return and risk profiles of the Philips macro hedge funds and
market neutral active investment managers.
* Established, implemented, and communicated investment policies
that have placed the pension fund in the top quintile of
performance during the last three and five year periods.
* Through the use of risk and return attribution analyses reduced
pension surplus downside risk for the Philips defined benefit
plan, thereby limiting the probability of contributions.
* Generated benchmarks, guidelines and compliance standards for
selecting both fixed income and equity investment managers based
on rigorous statistical analysis and advanced knowledge of
portfolio theory.
* Determined currency hedging targets for our international equity
accounts.
VERIZON INVESTMENT MANAGEMENT CORPORATION, Stamford, CT
Managing Director of Risk Management - 2000-2003
Responsible for all risk management activities relating to market,
credit, operations, and liquidity risk for the Verizon pension and
VEBA funds currently valued at $45 billion. Determine appropriate
strategic asset allocation and risk budgeting policies based on the
funded status and liability impacts affecting corporate cash flow, net
income and tax policies.
* Created appropriate contingency planning investment policies which
 have precluded pension contribution cash flow requirements during
adverse market and interest rate environments.
* Derived risk metrics modeled on the Basel risk framework that
monitors all company market, credit, operations and liquidity
positions. This greatly limited downside risk to counterparty
bankruptcy events and weak economic conditions.
* Prepared statistical risk management tools for ensuring investment
manager compliance of alpha risk and return objectives.
BELL ATLANTIC/NYNEX ASSET MANAGEMENT COMPANY, New York, NY
Vice President of Asset Allocation - 1996-2000
Direct asset allocation activity in connection with the investment
strategies for the Bell Atlantic pension and welfare benefit funds
valued in excess of $40 billion by analyzing the complex relationships
between pension liabilities and the pension asset class returns.
Quantify the appropriate criteria for conducting successful investment
manager searches.
* Derived strategic asset allocation plans for the Bell Atlantic
master pension trust fund that kept the pension fund in a
significantly over-funded position.
* Determined a monthly rebalancing process to reach asset allocation
targets and expected returns.
Vice President of Research and Planning - 1992-1996
Responsible for all pension and VEBA fund quantitative studies dealing
with style management, currency hedging and tax issues. Integrated the
pension fund performance and attribution process. Determined the
financial, accounting and tax impacts of prefunding medical and life
insurance trusts.
* Prepared statistical and financial reviews of the determinants of
equity returns for various growth and value management styles,
limiting downside economic risk potential.
* Established medical post-retirement prefunding options for the
NYNEX medical plans and life insurance programs.
Director of Actuarial Matters - NYNEX Corporation - 1989-1992, White
Plains, NY
Managed the development of net income, balance sheet, and cash flow
and funding requirements for employee benefit plans (pension, medical,
life insurance) for 150,000 retired and active employees. Supervised
all actuarial special projects relating to health care retirement
benefits and pension incentives.
* Headed project team to coordinate and develop the financial and
economic impacts of establishing trust funds valued in excess of
$400 million to pay for retiree medical benefits.
Previous Experience
Chief Economist - NYNEX Corporation
Conducted presentations to the Chief Executive Officer concerning the
national and northeast economies leading to reliable
telecommunications revenue and cost forecasts. Researched and
developed the microeconomic theory that justified telecommunications
price regulation.
LICENSES Life, Accident, and Health Insurance Broker License
EDUCATION Chartered Financial Analyst
Ph.D. in Public Administration New York University
Master of Public Administration SUNY at Albany
Bachelor of Arts, Political Science SUNY at Buffalo
PROFESSIONAL Association for Investment Management and Research
ASSOCIATIONS New York Society of Security Analysts