8 December 2014
The Clean Energy Finance Corporation’s Peter Suen has taken out the third prize in the 2014 ModelOff World Championships.
The finals of the ModelOff competition, in New York on Sunday, 7 December, saw 16 of the globe’s top financial modellers compete for a $US30,000 first prize award as the “world’s top modeller”.
To make the finals, Peter competed against over 4,000 modellers from over 100 countries. He was one of 100 Australian and New Zealand entrants who made it to round 2 in late October and one of 16 worldwide who made it to the New York finals.
Peter said he was “honoured” to take out the third spot and that he’s really enjoyed the whole experience of taking part in the competition.
This is the second year Peter has entered the gruelling competition that involves advanced financial modelling using Microsoft Excel, with finalists drawn from global institutions including the Commonwealth Bank, PwC, Fonterra, Deloitte and Bank of America Merrill Lynch. Diarmuid Early from Deutsche Bank won the 2014 competition.
At the CEFC, Peter is responsible for the oversight of business case modelling and analysis of proposed investments. Before he joined the CEFC in 2013, Peter worked with Mercer.
CEFC CEO Oliver Yates said the entire organisation was extremely proud of Peter’s achievement.
“We’ve got some of the best in their fields working for us, and Peter has proved that, putting the skills he’s honed at the CEFC to good use in making it to the top place getters of this competition,” he said.