The Bologna Institute for Policy Research | Seminar Series Event | Todd-Fisher---Price-Lowenstein---Alberto-Martin---Lea-Zicchino-Financial-Risk-and-Expanding-Public-Debt
November 2, 2017 - 18:30 Penthouse - Johns Hopkins SAIS Global Risk Conference

The conference has been made possible with the generous support of Mr. James K. Anderson, SAIS Europe Alumnus and Advisory Council member, and Johns Hopkins University Trustee.

Financial Risk and Expanding Public Debt
Todd Fisher - Price Lowenstein - Alberto Martin - Lea Zicchino

hosted by Professor Filippo Taddei

Seminar Summary:

Full Audio:


Todd Fisher
Kohlberg Kravis Roberts & Co., U.S.
Price Lowenstein
Sovereign Risk Insurance Ltd., Bermuda
Alberto Martin
Centre de Recerca en Economia Internacional; Pompeu Fabra University, Spain
Lea Zicchino
Prometeia, Italy


Todd A. Fisher is Partner & Chief Administrative Officer of Kohlberg Kravis Roberts & Co. in New York, which he joined in 1993. He is responsible globally for all business operations functions (finance, legal, IT, HR, office operations, public affairs) as well as coordinating across the firm on strategy, risk management and control infrastructure. He also oversees the firm's real estate investment business. Fisher chairs KKR's Management Committee and Risk Committee and sits on the firm's Real Estate Investment and Portfolio Committees. He was a founding member of KKR's European private equity business and lived in London from 1999 to 2010. Prior to joining KKR in 1993, Fisher worked for Goldman, Sachs & Co. in New York and for Drexel Burnham Lambert in Los Angeles. He graduated from Brown University with a B.A. in Biology and received an M.A. in International Affairs and Latin American studies from Johns Hopkins University School of Advanced International Studies (SAIS) and an M.B.A. in Finance from the Wharton School at the University of Pennsylvania. He is currently a Trustee of Brown University and Vice-Chairman of the Board of Advisors for SAIS. Fisher is also a member of the Board of the Overseas Private Investment Corporation, various committees of the United States Holocaust Museum and the Council on Foreign Relations.


Price Lowenstein is Division President at Sovereign Risk Insurance Ltd., Bermuda. Sovereign Risk Insurance (Sovereign) is one of the world's leading underwriters of political risk, and sovereign credit insurance and reinsurance. Sovereign's clients include many of the world's largest banks, exporters, multinational corporations, export credit agencies, multilateral agencies and private equity investors.

Lowenstein was responsible for the formation of Sovereign in 1997 and was the company's first employee. Prior to forming Sovereign, he was Vice President and Director of Guy Carpenter & Company (a Marsh & McLennan subsidiary) Asia-Pacific Group, specializing in political risk insurance and reinsurance in China and Taiwan. Lowenstein was also Director of Political Risk Services at the Aon Corporation prior to joining Guy Carpenter. In this position, he specialized in country risk assessment and the design of political risk insurance programs for multinationals investing in emerging markets.

Lowenstein has an MA in China Studies and International Relations from the Johns Hopkins University School of Advanced International Studies (SAIS) in Washington, D.C., a BSc in Political Science from Colorado College, and two language degrees in Mandarin Chinese from the Royal Hong Kong Language Institute and from National Taiwan University in Taipei. Lowenstein is also a member of the Council on Foreign Relations in New York.


Alberto Martin earned his PhD in Economics from Columbia University in 2005. He is currently a Senior Researcher at the Center for Research in International Economics (CREI), an Adjunct Professor at Universitat Pompeu Fabra, a Research Professor at the Barcelona Graduate School of Economics and a Research Fellow at the CEPR (London). Martin is also a member of the Board of Editors of the Review of Economic Studies and an Associate Editor at the Journal of International Economics. In the past he has held positions at the International Monetary Fund and the Argentine Ministry of Economics and has worked as a consultant for the United Nations Development Programme. He has been awarded numerous grants and fellowships, including the Fulbright Fellowship (2000), the Lamfalussy Fellowship from the European Central Bank (2011), and the Consolidator Research Grant from the European Research Council (2014). Martin's research interests include macroeconomics, finance, and international economics. His work has appeared in the American Economic Review, the Journal of Finance, the Journal of the European Economic Association and the Journal of International Economics, among others.


Lea Zicchino is Partner and Head of the Financial Markets and Intermediaries Division at Prometeia. Zicchino is currently in charge of the division that provides analysis and forecasts of financial markets, the banking sector, and Italian households and institutional investors' investments. Prior to Prometeia, she worked at the Bank of England, in both the Financial Stability and Monetary Analysis areas, where she conducted research on the interaction between regulation and bank credit and on the information content of financial market instruments on interest rates and inflation expectations. Zicchino holds a Ph.D in Finance and Economics from Columbia Business School, New York.

Global Risk Conference Flyer.pdf


American Foreign Policy
Conflict Management
Energy, Resources and Environment
European and Eurasian Studies
International Relations
Latin American Studies
Middle East Studies
Dana H. Allin
Matteo Alvisi
Edmund Amann
Veronica Anghel
Arthur Appleton
Emanuele Bajo
William A. Booth
Paolo Calzini
Emanuela Carbonara
Gabriel Cardona-Fox
Andrea Carosi
Anna Ottani Cavina
Umberto Cherubini
Raffaella A. Del Sarto
Vincent Della Sala
Marco Dell'Aquila
Giulio Ecchia
David W. Ellwood
Jessica Fanzo
Justin Frosini
Johannes Gabriel
Joshua Gallo
Marco Gestri
Mark Gilbert
Christopher L. Gilbert
Stefano Guzzini
Manfred Hafner
Nina Hall
John L. Harper
Arntraud Hartmann
Christopher Hill
Herman Hoen
William Hynes
Søren Jessen-Petersen
Erik Jones
Kenneth H. Keller
Péter Krekó
Winrich Kühne
Michael Leigh
Alessandra Luati
Barbara Luppi
Adrian Lyttelton
Susanna Mancini
Massimiliano Marzo
Hanns Maull
Hartmut Mayer
Jacqueline Mazza
Alessandro Merli
Zach Messitte
Erika Meucci
Marko Milenkovic
Francesco N. Moro
Alireza Naghavi
Gianfranco Pasquino
Sara Pennicino
Michael G. Plummer
Samir Puri
Thomas Row
Tommaso Sonno
Francesco Strazzari
Filippo Taddei
Simone Tagliapietra
David C. Unger
Sanam Vakil
Bob van der Zwaan
Francesc Vendrell
Cleo Verkuijl
Marcus Walsh-Führing
Stefano Zamagni
Vera Negri Zamagni



Johns Hopkins University - School of Advanced International Studies (SAIS)