KAUST President Tony F. Chan has been awarded the 2020 SIAM Prize for Distinguished Service to the Profession. The award recognizes Chan's contributions to applied and computational mathematics, imaging science, and scientific computing. Chan has served on advisory boards for KAIST, SUSTech, and the University of Vienna, and is a member of the NEOM Higher Council. Why it matters: The recognition highlights KAUST's leadership and influence in advancing mathematical sciences and its applications on a global stage.
KAUST Ph.D. student Chiheb Ben Hammouda won the best poster award at the Society for Industrial and Applied Mathematics Conference on Financial Mathematics & Engineering (FM19) for his work on option pricing under the rough Bergomi model. The winning poster, titled "Hierarchical adaptive sparse grids and quasi-Monte Carlo for option pricing under the rough Bergomi model," details research carried out under the supervision of KAUST Professor Raul Tempone. The research group designed new efficient numerical methods for pricing derivatives under the rough Bergomi model by combining smoothing techniques. Why it matters: This award highlights KAUST's growing expertise in financial mathematics and its contribution to solving complex problems in the field using advanced numerical methods.