Dr John Thorp

Associate Head of Department

Professional Biography

John Thorp is a financial theorist and practitioner in the field of investment and risk exposure management. His current research spans the gap between quantitative finance models and the appropriate assessment of macroeconomic risk. In this, he is engaged with bankers and regulators as well as academics in an interdisciplinary approach to an understanding of the nature of systemic risk in markets.

John Thorp's management responsibilities include the development and validation of programmes as well as the operational issues involved with their resourcing and quality assurance.  As an educationalist and teacher John contributes to the evolution of the current offerings in accounting, finance and economics courses at Regent's University London, across the board. He also deploys his corporate experience in contribution to the future planning and strategic development of the College, and to the encouragement of the students towards valuable careers in the financial field, both in academic and vocational terms.


  • PhD, “Fixed Income Investment Risk Management: The Term Dynamic of Credit Risk in Risky Bonds”, Middlesex Business School, 2007
  • MBA (Finance), Cranfield School of Management, 1974
  • BSc Honours, Physics, Kings Durham, 1965

Relevant Past Employment

  • 2008 – current, Associate Head of Department AFE, Regent's University London
  • 2009 – current, Principal Lecturer Finance, Regent's University London
  • 1994 – current, Subject Leader Finance, Dissertations, Research Methods, Regent's University London
  • 1993 – 1994, Visiting Lecturer, Middlesex Business School
  • 1992 – 1993, Financial Controller, ColArt Fine Art & Graphics
  • 1990 – 1992, Finance Director, W.E. Grant & Co
  • 1987 – 1990, Financial Director then Chief Executive, Griffis Metals
  • 1983 – 1987, Finance Director, Bowden France SA and then Adapt Vending Paris
  • 1980 – 1983, Profit Improvements Manager CA, Rank Xerox International
  • 1974 – 1983, Financial Planning and Operations Analysis Manager, Coca-cola (UK)
  • 1965 – 1973, Technical Officer then Development Engineer, ICI Plastics


  • Thorp, J.A., (1990), “European Harmonisation”, Management Accounting
  • Thorp, J.A., (1991), “European Uniform Chart of Accounts”, Management Accounting
  • Thorp, J.A., (1992), “French Approach to Management Accounting”, Management Accounting
  • Thorp, J.A., (1992), “European Accounting – the Spanish Case”, Management Accounting
  • (1998). “European Financial Reporting – The Management Interface”, editing committee member, the CIMA European Accounting Working Party Law & Parliamentary Committee
  • (2001). “Glossaire de comptabilité de gestion”, CIMA's editorial adviser to the Conseil Superieur des Experts Comptables France:
  • Thorp, J.A., (version June 2008), “A New First-to-Default Distribution for the Term Structure Dynamic of Credit Risk in Risky Bonds – by Fourier and Q Log Transform”, Mathematical Finance, No. MAFI-2008-0102, due for re-submission

Conference Papers Given

  • “FDI and the role of market priced (Q) jumps in Sovereign Term-Structured Spreads”, Middlesex University Business School Conference, 2007
  • “Innovative jump model for credit risk – effect on the quantitative strategies of banks and their pricing of credit risk”, Regent's University London GBF Conference: Banking and Finance Innovation in times of Market Turmoil, 2008
  • “Theory of the Conditional Affine Term Risk of Jumps: An Analytical Single Event Q-Jump Distribution is Derived and Tested”, European Financial Management-Renmin Asian Finance Symposium, 2010

Research Supervision

  • Dissertation supervisor for MA/MBA/MSc postgraduates;
  • Former subject leader and research process module leader, Dissertations

Research Interests

Research interests include the mathematical theory of distributions which determine the market pricing of jump risk, term risk, and tail risk (popularly known as black swan risk); the empirical application of the pricing theory to credit derivatives, the dynamic term structure of the yield curve, the dynamic properties of the forward volatility curve, with ultimate aim the definition of the trading, investing and risk management strategies that these instruments affect; research extension to the use of pricing theory to the finding of better measures for the control of macro-prudential risk, when applied in VaR (Value at risk) and other portfolio models by the banks  and the central policy authorities.

Professional Affiliation(s)/Accreditation

  • Fellow of the Higher Education Academy, 2001
  • Ingenieur Europeen, 1997; Chartered Engineer, 1993; and Chartered Physicist, the Institute of Physics, 1990
  • Chartered Global Management Accountant CGMA, 2012, Fellow of the Chartered Institute of Management Accountants FCMA, 1986

Teaching & Course Development

  • Module Leader in Finance and Mergers & Acquisitions, for undergraduate and postgraduate programmes 
  • Inputs to all finance, quantitative methods, accounting, and dissertation modules and programmes at Regent's University London, for the purpose of new module/programme development


John has external examining experience, latterly as chief external examiner, on OUVS validated programmes at ESC Rennes in the period 2004-2009, and has been a member on validation panels twice for Westminster University's MSc in Investment and Risk, and internally on Regent's University London.