Tomasz Bielecki, IIT professor of applied mathematics and director of the Master of Mathematical Finance program, was a plenary speaker at the 2015 AMMCS-CAIMS Congress in Waterloo, Ontario, Canada, on June 7-12.

Bielecki’s talk, “Dependence between components of multivariate conditional Markov chains: Markov consistency and Markov Copulae,” focused on a solution to a problem of analysis and modeling structured dependence between a special class of stochastic processes – conditional Markov chains.

The Congress combined the meetings of Canada’s Applied Mathematics, Modeling and Computational Science (AMMCS) group and the Canadian Applied and Industrial Mathematics Society (CAIMS). Participants came from Courant Institute of New York University, Northwestern University, University of Illinois, University of California Davis, and Pennsylvania State University, as well as universities in France, Switzerland, Canada, England, the Netherlands, and other countries.

Bielecki’s fields of expertise include stochastic analysis, mathematical finance, and credit risk modeling. He is an associate editor of six journals in the areas of mathematics and finance, and co-author of three books in the areas of credit risk modeling and financial mathematics.