Word: jingozian
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Dates: during 1990-1999
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Other new firms are helping to repair crack-ups in the financial industry. Tim Scala and Ken Jingozian left banking jobs last year to become self-styled derivatives investigators -- experts who advise clients on how to cope with the risks of those securities. Their timing was uncanny: soon after Scala and Jingozian created their New York City-based firm, Treasury Resources Consulting and Investigations, the Federal Reserve raised interest rates and sent the value of many derivatives plunging. Their phone has hardly stopped ringing. Says Jingozian: "The entire derivatives market has taken a quantum leap in complexity and sophistication...
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