About Heinz Riehl

When faced with a mountain I will not quit!
I will keep on thriving until I climb over, find a pass through,
tunnel underneath - or simply stay, and turn the mountain into a gold mine!

About Heinz

During his career, Heinz speculated on foreign exchange and interest rates, supervised speculators and Treasury sales personnel, sold Treasury products directly to customers, and advised multinational companies of expected trends in the financial markets.

While holding these senior positions at Citibank he also passed on his unique practical skills to students at NYU's Stern School of Business, as well as to tomorrow's leaders in executive seminars at leading academic institutions around the world.

He began his professional education in Germany in 1953 with  2 ½ years of  apprenticeship ("Lehre") at the Hugo Stinnes Bank. At this time he learned all practical aspects (the nuts and bolts) of the banking business. He passed with honors the state-supervised examination to become a “Banker”.  Many people believe, that the German Apprenticeship or Dual Education system is the foundation for the quality equated globally with the term ‘Made in Germany'.

Experience

Heinz Riehl's successful career spans decades since he began trading in the foreign exchange and money markets during his apprenticeship. He pioneered the concept of "Treasury", which combines the supervision of foreign exchange trading and domestic as well as offshore (euro) money market trading under one Manger. Heinz first applied this organizational structure in 1960 as co-founder of Citibank in Germany, and it became industry standard worldwide.

During his career, Heinz speculated on foreign exchange and interest rates, supervised speculators and Treasury sales personnel, sold Treasury products directly to customers, and advised multinational companies of expected trends in the financial markets. At different times, he has been responsible for Citibank’s foreign exchange and money market trading on all five continents and has lived in Manila, Philippines and Hong Kong.

In his role as Market Risk Manager for Citibank, Heinz Riehl pioneered volatility-based techniques for controlling risks associated with financial trading. These techniques include the concept of ‘Value-at-Risk’ for the control of price risk and the concept of ‘Loan Equivalents’ for the control of pre-settlement credit risk in trading. He was responsible at Citibank's Policy Committee level for the oversight of all risks related to financial trading, including liquidity and internal controls to protect against errors and fraud.

Academia

Heinz has been an academic on the faculty of New York University from 1982 until 2008 and an author of books on financial trading and risk management published by McGraw-Hill. Typical feedback from audiences is that he can explain complex subjects in a down-to-earth way that can be understood by anyone.

This ability to clearly articulate and convey his knowledge is appreciated by his students at NYU's Stern School of business where he received an award for 'Excellence in Teaching' in 1999. Judges and juries in courts also appreciate the extent of his knowledge and his ability to explain the issues when he serves as Expert Witness in disputes about financial trading and investing.


In 1996 Heinz Riehl endowed a Professorial Chair at the Stern School of Business of New York University.


Heinz received in 1999 an Honorary Doctoral Degree for his Lifetime Achievements from Iona College in New York.

Additional Background

aboutIn 1996, Jill and Heinz Riehl founded Riehl World training & consulting, Inc. The firm provides risk management consulting services and advises international banks and corporations as well as central banks on managing risks in foreign exchange, money market, securities and derivatives trading.

Heinz is a Trustee of the CRA Fund in Fort Lauderdale, Florida, which helps banks in the United States to provide socially responsible financing as required by the Community Reinvestment Act. In addition Heinz is a Director of Hedge Funds managed by Janus Henderson Investors in London.

In 2008 Heinz Riehl joined 3ACredit in Shanghai and serves as an Advisory Board Member of that company. 3ACredit is one of the leading providers of credit and risk management support services and commercial information in China.  His book "Managing Risk in the Foreign Exchange, Money & Derivative Markets" was selected by the China Banking Regulatory Commission and translated and published in China.