Meet our Faculty

Enrico Au-Yeung

Associate Professor - Department of Mathematical Sciences

Enrico Au-Yeung holds a PhD in Mathematics from the University of Maryland, College Park, and he is a CFA charterholder. He passed several actuarial exams while he was an undergraduate.

Prior to becoming a research mathematician, he worked in the mathematical finance industry. While there, he used stochastic calculus in pricing exotic derivatives and was responsible for developing financial models. His current research lies mainly in pure and applied harmonic analysis.

Tom Edwalds

Clinical Professor and Executive Director - Arditti Center for Risk Management

Tom Edwalds, an actuary with over 30 years of experience, comes to DePaul from Munich American Reassurance, where he was assistant vice president of mortality research. He previously held management and technical roles for the Society of Actuaries, Health Care Service Corp., Combined Insurance Co., Polysystems Inc. and CNA Insurance. He served as president of the Chicago Actuarial Association from 2007 to 2012 and is a frequent speaker at meetings of the Society of Actuaries and various other organizations. The society presented him with its Outstanding Volunteer Award in 2011 in recognition of his leadership.

Edwalds earned bachelor’s and master’s degrees in mathematics from the University of Illinois. His published research focuses on mortality risk and predictive modeling.

Juan Hu

Assistant Professor - Department of Mathematical Sciences

Juan Hu holds a PhD in Statistics from Purdue University. She has been teaching probability and mathematical statistics corresponding to the P exam since 2013. Her research interests are in spatial data and massive data modeling.

Yiou Li

Assistant Professor - Department of Mathematical Sciences

Yiou Li holds a PhD in Applied Mathematics and a MS in Mathematical Finance from Illinois Institute of Technology. She has been teaching actuarial science-related courses since 2013, including Stochastic Risk Models, Stochastic Processes, Simulation Models & Monte Carlo Method, etc.

Her current research interests lie in developing methodologies in statistics and computational mathematics, as well as statistical modeling and data analysis in finance and engineering.

Karl Liechty

Associate Professor - Department of Mathematical Sciences

Karl Liechty holds a PhD in Mathematics from Indiana University-Purdue University Indianapolis, and has taught at the university level for more than a decade. He has taught the Probability Theory sequence, corresponding to the P exam, at DePaul and previously at the University of Michigan. His research interests are in probabilistic models in mathematical physics.

Carl F. Luft

Associate Professor and Academic Director - Arditti Center for Risk Management

Carl Luft earned his PhD in Finance from Georgia State University in 1983. Since 1982, he has taught courses in Risk Management, Derivatives Pricing, International Finance, Investments, and Financial Statement Analysis at DePaul University.

Dr. Luft was associated with the Chicago Mercantile Exchange from 1987 through 2008, where he has taught courses in Money Markets and Futures Pricing, Interest Rate Hedging, and Foreign Exchange Trading. Between 2012 and 2014, he was the director for the China Financial Futures Exchange/DePaul International Program in Financial Markets. He also has consulted with various Chicago trading firms in matters regarding derivative pricing. Dr. Luft has published books and articles on derivative instruments, hedging, and alternative investments.

Stefanos Orfanos

Assistant Professor - Department of Mathematical Sciences

Stefanos Orfanos has taught math courses since 2001, including courses that cover the syllabus of the first four actuarial exams.

He holds MS and PhD degrees in Mathematics from Purdue University, an MBA in Finance from DePaul, and is an academic actuary. He currently serves as the faculty advisor of our actuarial science club. Orfanos's research is in C*-algebras and geometric group theory.

Claudia Schmegner

Associate Professor - Department of Mathematical Sciences

Claudia Schmegner holds a PhD in Statistics from the University of Texas at Dallas. She has taught courses corresponding to the first three actuarial exams. Her research interests are in sequential analysis and mathematical statistics.

1
Philip Yates

Assistant Professor - Department of Mathematical Sciences

Philip Yates holds a PhD in Statistics from the University of South Carolina and an MS in Biostatistics from the University of Vermont. He has over a decade worth of experience teaching probability and statistics courses at Cal Poly Pomona, Saint Michael’s College, and DePaul University. His research interests include statistical applications in environmental sciences, hydrology, sports, political science, and statistics education.