Adil Reghai

Quantitative research lead with ~29 years in derivatives/quant finance: BNP Paribas, Dresdner Kleinwort Wasserstein, Merrill Lynch, Credit Agricole, Natixis, and since 2022 Abu Dhabi Investment Authority. Author of two quantitative-finance books.

Notes10

• Quant employment verification: CONFIRMED. Actual past/present roles, not student programs: LinkedIn/index records show Analyste quantitatif at Banque Internationale de Placement (1997-1998), Senior Quantitative Analyst at BNP Paribas (1998-2000), Head of Quantitative Research Equity at Dresdner Kleinwort Wasserstein (2000-2003), Head of FX Short Dated and Hybrids at Merrill Lynch (2003-2005), Responsable Recherche Quantitative actions et fonds at Credit Agricole (2005-2008), Responsable Recherche Quantitative Derives Actions et Matieres premieres at Natixis (2008-2022), and Quantitative Research and Development Lead at ADIA (2022-present). Identity is supported by a coherent cross-source set: the same person appears as author of two quantitative-finance books, an SSRN/Risk.net/arXiv author, a MathFinance and CQF speaker, and the Natixis 'Quantitative Research Equity' affiliation on the Springer book. Employer classification: ADIA is a sovereign wealth fund (quantitative investment), Natixis/Credit Agricole/BNP Paribas are banks with quant derivatives research desks, Dresdner Kleinwort Wasserstein and Merrill Lynch are investment banks; each is a genuine quantitative-finance employer. The ADIA hire is independently reported by Risk.net (2022-08-17), so the current role is corroborated rather than index-only; the pre-2022 roles rest on LinkedIn/index records and author affiliations, not on separate primary-source confirmation.Aug 17, 2022
• Risk.net reported on 2022-08-17 that ADIA hired three quants to join its growing quant group; this is an independent trade-press report contemporaneous with the LinkedIn start date of September 2022, corroborating the ADIA move beyond the index.Aug 17, 2022
• Career spans 1997-2022 across sell-side quant research at Banque Internationale de Placement (Paris), BNP Paribas (London), Dresdner Kleinwort Wasserstein (London), Merrill Lynch (London), Credit Agricole and Natixis (Paris), before joining ADIA in Abu Dhabi in 2022; the chronology is continuous with no visible gap, which is why the index timeline is credible as a whole.Aug 15, 2026
• Industry classification: ADIA is a sovereign wealth fund (asset owner, abu-dhabi sovereign); Natixis, Crédit Agricole, BNP Paribas are universal banks; Dresdner Kleinwort Wasserstein and Merrill Lynch were investment banks; all of these ran quantitative research/derivatives desks, so every listed employer genuinely operates in quantitative finance rather than merely containing 'quant' in its name.
• Co-authored 'Financial Models in Production' (Springer, 2020) with Othmane Kettani; the Springer author affiliation lists Quantitative Research Equity, Natixis, Paris for both authors, independently tying him to the Natixis quant-equity team.Jan 1, 2020
• Authored 'Quantitative Finance: Back to Basic Principles' (Palgrave Macmillan, 2015), a derivatives-pricing text; the book identifies the author as a quant practitioner, consistent with the Natixis role of the period.Jan 1, 2015
• Title progression (Analyste quantitatif -> Senior Quantitative Analyst -> Head of Quant Research -> Responsable Recherche Quantitative -> Quantitative R&D Lead) is monotonic into team leadership, and the Natixis tenure of 14 years (2008-2022) is the single longest block, which suggests the ADIA move was a late-career pivot toward a buy-side/asset-owner quant group after a long sell-side build.
• LinkedIn education lists École polytechnique (1993-1995), Supélec (1994-1995) and Mines de Paris (1995-1997); the 'field' value 'Rugby' on these entries reflects a sport field on the profile rather than a degree subject and should not be read as an academic field of study.
• Listed as a speaker at the 23rd MathFinance Conference (Frankfurt, 13-14 March 2023), indicating continued industry-conference participation after joining ADIA.Mar 13, 2023
• Co-authored 'SPX, VIX and Scale-Invariant LSV' on SSRN with Alex Lipton (posted 2023), placing him in the LSV/local-volatility research conversation; the paper is dated a year after his move to ADIA.Feb 15, 2023
• An arXiv paper 'A Geometry-Aware Residual Correction of Hagan's SABR Implied Volatility...' appears with his authorship line; SABR implied-volatility modelling recurs across his BNP Paribas-era description and later papers, so volatility-model work is a through-line of the career rather than a single-project interest.
• Delivered a CQF Institute industry talk; the CQF Institute post describes an 'industry talk with Adil Reghai', reflecting public teaching/outreach activity alongside his quant roles.