Doctors Without Borders Fighting Cholera in Yemen

Doctors Without Borders pic
Doctors Without Borders
Image: doctorswithoutborders.org

Currently residing in New Jersey, Rao Chalasani has worked with several top New York, NY, financial companies throughout his accomplished career. Most recently, he served as the chief technology officer and risk strategist for Merrill Lynch. Outside of his work in the risk management field, Rao Chalasani supports several different charitable organizations, including Doctors Without Borders (MSF).

A recent outbreak of cholera in Yemen has Doctors Without Borders (MSF) calling for immediate aid to the region. According to MSF, the disease is spreading at a rampant pace and has the potential to propagate to uncontrollable proportions. Over a two-month period, the organization treated more than 12,000 cases of cholera, with the rate doubling over a five-day period near the end of May.

A lack of proper sanitation services, unclean drinking water, and continuing conflict destabilizing the region are the prime contributors to the spread of cholera in the area. Malnourished adults and children are at an elevated risk for contracting the illness, which is compounded by their lack of access to adequate health care. That’s why MSF is calling on relief organizations to send immediate aid to the area to help combat the spread of cholera to further, outlying areas.

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Doctors Without Borders Calls for Help with Cholera Outbreak in Yemen

Doctors Without Borders pic
Doctors Without Borders
Image: doctorswithoutborders.org

A resident of Livingston, New Jersey, Rao Chalasani has held various executive roles in the technology field, including working at a number of major financial firms in New York, NY. A committed philanthropist, Rao Chalasani supports a number of relief and medical organizations, including Doctors Without Borders.

According to a May 2017 press release from Doctors Without Borders, the cholera epidemic in Yemen has become a full-blown humanitarian crisis. Over a period of several weeks this spring, those who reported infections increased by a substantial margin. The organization has responded by setting up treatment centers at the five major medical facilities that are still operating in the country. Most of the hospitals have shut down, however, because of ongoing fighting.

With casualties from the war continuing to mount, Doctors Without Borders says that existing hospital facilities are ill-equipped to handle the increased amount of cholera infections occurring in the country. The organization is calling upon other relief and humanitarian organizations to provide resources for more treatment centers to curb the epidemic and provide care to those who desperately need it.

Tradeweb Receives Awards at 2017 GlobalCapital

Tradeweb pic
Tradeweb
Image: Tradeweb.com

A resident of New Jersey, Rao Chalasani has an extensive background as a financial services executive. While serving as vice president of global fixed income technology/e-commerce with Merrill Lynch in New York, NY, Rao Chalasani contributed to a number of e-initiatives, including the implementation of Tradeweb, an electronic platform for trading US Treasuries.

Since 1998, Tradeweb has been the main source for US Treasury bond trading. With more than 1,000 institutional clients, the platform offers more than 1 million daily price updates and facilitates 22-hour trading options. Its request-for-quote trading protocol has been adopted by derivatives and fixed-income markets.

In May 2017, Tradeweb was named Overall Swap Execution Facility of the Year and Compression/Compaction Service of the Year at GlobalCapital’s Americas Derivatives Awards for 2017. The firm earned the award in recognition of its platform and solutions that support e-trading of derivatives. Tradeweb supports a range of clients and delivers specific platforms to help them achieve their goals.

UNICEF Responds to South Sudan Refugee Crisis

UNICEF pic
UNICEF
Image: UNICEF.org

A resident of New Jersey, Rao Chalasani has specialized in trading technology at various New York, NY-based financial institutions, such as Deutsche Bank and Bank of America. Apart from his work, Rao Chalasani supports numerous charitable organizations, including UNICEF.

According to the most recent data from UNICEF and UNHCR, the UN Refugee Agency, the growing civil war in South Sudan has resulted in over 1 million children attempting to escape the violence as refugees, making them the majority of refugees to come from the country. Most of these children end up in surrounding countries such as Kenya, Ethiopia, and Uganda.

The problem only looks to get worse, as the children coming into these countries lack adequate lodging to protect them from the rainy period that occurs annually. UNICEF has called for more than $180 million to help build shelter facilities and provide other basic care needs to these children for the remainder of 2017, but the organization has only managed to raise a little over half of that goal, and the UNHCR’s request for $781.8 million is only 11 percent funded. As such, the organizations are urging other nations to continue providing relief funds to ensure that lifesaving services for South Sudanese refugees continue.

The Benefits of Effective Enterprise Risk Management Systems

 

Enterprise Risk Management System pic
Enterprise Risk Management System
Image: insightrisktech.com

A graduate of New York University with a bachelor of science in engineering, Rao Chalasani of New Jersey most recently served as the director of trading risk management and business chief technology officer at Bank of America – Merrill Lynch in New York, NY. In this role, Rao Chalasani created a US patent-pending enterprise risk management system.

Enterprise risk management systems go beyond traditional risk assessment approaches by taking a comprehensive look at all risk areas, from finance and operations to compliance and governance. With a systems approach to risk management, an organization takes into account that risks in one area can spread to other areas.

By understanding the interrelation of risks across departments, an organization can mitigate the damage that otherwise could ripple through the company. In addition to hedging against potential damage, effective risk management systems allow organizations to take calculated risks and capitalize on growth opportunities through smarter utilization of both human and capital resources.

Effective Project Planning for Better Project Management

Project Management pic
Project Management
Image: execprojectmanager.com

An engineering graduate of Polytechnic Institute of New York University, Rao Chalasani most recently served as the director of trading risk management and the business CTO at Bank of America-Merrill Lynch. Currently based in Livingston, New Jersey, Rao Chalasani also has held the role of project manager of global derivatives technology at JP Morgan Chase, where he led the design and implementation of new vendor systems.

Effective project management starts with effective project planning. Many information technology project managers do not allocate enough time in project planning, opting to jump straight into the execution phase. This approach is partly responsible for high project-failure numbers. Time spent on planning the project leads to reduced implementation time and cost.

Project planning begins with defining the project. Start with an overview of the project, detailing what the project aims to achieve, why it is being implemented, and how it will benefit the organization. Clarify the scope of the project, such as the departments involved and how phase-to-phase transitions will be affected. Assign clearly defined roles to the implementing team, making sure there is a clear line of command and a response framework for complications that may arise. Estimate a timeframe and cost for the project implementation.

After defining the project, create a planning horizon. This is the work plan for the project. Estimate the work as far as possible, outlining the assumptions made and uncertainties prevalent. Once the project implementation starts, the planning horizon will be a reference point. Activities that were vaguely outlined can be reassessed and better defined when they come up.

Finally, outline the project management procedures, including best communication practices, risks involved, quality required, and management of obstacles. Only after such planning should implementation begin.

BofA Merrill Lynch’s Syndicated Loan Trading Platform

BofA Merrill Lynch pic
BofA Merrill Lynch
Image: newsroom.bankofamerica.com

New Jersey-based Rao Chalasani is the sole inventor of the US patent-pending Enterprise Risk Management System. Rao Chalasani has served in senior technology executive roles in some of the world’s largest financial institutions, including Bank of America – Merrill Lynch, in New York, NY.

Bank of America – Merrill Lynch announced in early June 2016, the launch of its new Instinct® Loans electronic platform. The new portal enables electronic secondary trading of syndicated corporate loans. In contrast to the traditional voice-based, over-the-counter market approach, the platform will offer through electronic trading unified transactions, coupled with efficient pricing and transparent liquidity.

Through Instinct® Loans, the trading desk of Bank of America provides direct matching sessions allowing clients to offer or bid for loans against mid-market prices. The system facilitates immediate electronic trading of matching bids and offers under a fixed commission setup in which Bank of America, N.A., acts as principal.

The intent of the technology-based system is to improve Bank of America’s services to clients.