Working together to build a strong and profitable investment portfolio
Professor Georgikopoulos graduated in Mathematics BSc (Hons) from the Aristotle University of Thessaloniki, Greece. He earned his first postgraduate degree, Master of Science in Mathematical Modelling from the University of Oxford. He also achieved a Diploma in Quantitative Finance from the Centre for Quantitative Finance at Imperial College London. He holds a PhD in Finance from the University of London (Imperial College of Science, Technology and Medicine).
Professor Georgikopoulos is currently working as a Senior Financial Advisor to the Regional Governor of Attica in Greece, Dr George Patoulis, and at the same time, he is also a Senior Economic Advisor to the Greek Minister of Development and Investments, Mr Adonis Georgiadis.
Nikolaos previously was a Visiting Professor at the Economic Analysis and Research Department at the Bank of Greece in Athens, and a senior research associate to the ex-Deputy Governor of the Bank of Greece, Professor John (Iannis) Mourmouras (former Deputy Finance Minister of Greece). He also worked as a Senior Economic Advisor to the President of the Central Union of Municipalities of Greece (KEDE), Dr George Patoulis.
Additionally, Nikolaos served as a senior researcher at the Centre of Planning and Economic Research (KEPE) in Athens. He was also the Head of Information Technology at KEPE from January 2011 until June 2013. KEPE is the largest economics research institute in Greece. Professor Georgikopoulos’ activities at KEPE were focused on applied research projects regarding the Greek economy and the provision of advisory services to the Greek government and the country's regional authorities on economic and banking policy issues. He was the coordinator of four research projects assigned to KEPE by the Greek State:
Additionally, Nikolaos was the research coordinator and project manager of the first two research projects commissioned at KEPE by two international companies. The first project concerned the illicit tobacco trade in Greece and the negative consequences to the Greek economy (delivered to British American Tobacco), and the second examined the impact of electronic transactions on public revenues from the immediate return of VAT (delivered to MasterCard).
Prior to joining KEPE in Greece, he occupied the following posts:
Since 2008, Nikolaos has been a founding member of a global network of academics and practitioners dedicated to sharing research and ideas in the field of financial econometrics. It is an independent non-profit membership organization, currently housed at New York University. The first Co-President of The Society of Financial Econometrics (SoFiE) was Robert F. Engle, Professor of Finance at New York University Stern School of Business, who was awarded the 2003 Nobel Prize in Economics.
From May 2010 to December 2014, he had been represented KEPE and STORM - London Metropolitan University at the Committee on Financial Markets of the Organization for Economic Cooperation and Development (OECD). Furthermore, from July 2009 until December 2014, Nikolaos had been appointed as an observer to the aforementioned committee of the OECD by the Hellenic Ministry of Economy and Development.
Professor Nikolaos Georgikopoulos has the following areas of expertise:
Professor Georgikopoulos’ current research is in the field of mathematical finance, credit risk and operations research. Among his other interests are risk management, quantitative finance, banking and investment. He has published research papers in the field of mathematical modelling, finance and risk management. He co-authored three books in shipping, market competition and government bond yield spreads. He has authored numerous articles in widely circulated economic and financial magazines and newspapers, regarding the latest financial and the recent sovereign crises as well as the European and Greek banking systems. Finally, he often serves as a speaker and/or roundtable participant in many international and Greek financial conferences.
Since 2009, Nikolaos has been a member of the research team at STORM, promoting the statistical package: Generalized Additive Models for Location, Scale and Shape (GAMLSS), and with the collaboration of Professor Dimitris Stasinopoulos and Professor Bob Gilchrist, have focused on advancing research on GAMLSS applications in finance and banking. Furthermore, they are working on two different research projects by using the GAMLSS statistical package and advanced risk management methods.
The first project concerns the financial stability in the Greek banking system. Their research goal is twofold. Firstly, an investigation on the determinants that contribute to the non-performing loans (NPLs) formation. Secondly, the use of statistical models for the prediction that can serve as the basis of projecting credit risk portfolio dynamics under various macroeconomic scenarios. The final aim is to provide policymakers with policy tools in order to enhance financial stability monitoring and support decision making.
The second project relates to the determinants of the Greek-German government bond spreads; In this work, we examine the medium-term driving factors of the yield differentials between Greek and German long-term government bonds; as the introduction of the European Monetary Union (EMU) was expected to be accompanied with a reduction (if not virtual elimination) in the yield differences (spreads) of EMU country government bonds of similar characteristics. Our main goal is to distinguish the liquidity factors from the credit risk component regarding these yield differences, through the use of quarterly data and utilizing two alternative measures of bond spreads by mainly using the GAMLSS statistical package.
At present, he is working on two research projects with professors from the Information Operations Management Statistics (IOMS) department at Stern Business School of NYU. The first project is in collaboration with Professor Mike Pinedo and relates to Greek ports. The main scope of this project is to analyse the current infrastructure capacity of Greek ports, as well as to forecast the movement of freight and passenger flows in order to highlight the necessity and feasibility of investments to expand, improve and upgrade existing port infrastructure. The second project, with Professor Halina Frydman, examines the non-performing loans (NPLs) in the Greek banking system. Credit risk is one of the most important risks currently in the Greek banking system and it is highly correlated to macroeconomic conditions. The statistical methods that we are considering for the analysis of the Greek NPLs data set are the following:
1. the Cox hazard model with time-dependent covariates (characteristics of a loan) with a failure outcome being NPL
2. constructing a random survival tree with time-dependent covariates and then obtaining a random survival forest
Research papers in progress
Referred in Books and Monographs
Participation in scientific books and magazines
Participation in financial magazine and newspapers
Referred in the international press