COLEMAN FUNG, Founder and Chairman of the Board
As Founder and Chairman of OpenLink, Coleman Fung has guided this leading provider of financial and energy trading, risk management, and operations/logistics software solutions through a decade and a half of extreme business and economic challenges.
Frustrated with traditional, “silo” trading and risk management technologies as a derivatives trader, Fung launched OpenLink to challenge market conventions with a robust and open technology platform based on a common cross-market risk architecture. As the initial business architect, he designed this cross-market risk architecture – which is still unique today – for a robust environment that seamlessly supports front- through back-office requirements for financial and energy/commodity markets. He marketed his vision and developed strategic partnerships with a wide variety of customers, from traditional banking institutions, insurance firms and corporate treasuries to utilities and global energy companies. Under his direction, the diverse requirements of OpenLink's strategic partners have reaffirmed and redefined the leadership position of the company's core products. OpenLink was chosen as the inaugural winner of the Risk Management Innovator of the Year by Platts in 2007.
Complementing his visionary ideas and risk management expertise is his unique “fellowship” management approach, where an organization is constructed using a hybrid model that combines a traditional corporate structure with a “flat,” egalitarian management team. Over the years, Fung has carefully cultivated this very talented and loyal fellowship team – with a strong and ethical culture – not only to manage the rapid growth of the business, but also to weather all the storms, from the burst of the dot-com bubble to the collapse of Enron and energy trading all the way to the current credit crisis.
Prior to establishing OpenLink, Fung was one of Fuji Capital Markets Corporation's (now known as Mizuho Capital Markets) founding members of the trading team and helped build its trading infrastructure. Previous jobs include positions with Chemical Bank's product development and derivative trading groups, and Solomon Brothers' Bond Portfolio Analysis Group. Fung also served three years active duty in the US Army.
Fung is also a social entrepreneur, devoting significant amounts of his energy and resources (personally and through the Coleman Fung Foundation) for a number of worthy educational and environmental causes, from creating the Coleman Fung Risk Management Research Center at the University of California, Berkeley, funding a number of university and grade school chairs, developing/supporting creative educational programs for under-served minority kids, sending books and school supplies to Mali through a group of French high school students, funding the development of a nutrient trading protocol, supporting an integrated program to restore the water shed of Chesapeake Bay, to providing financial support to veteran housing and many other worthy projects.
Fung holds a master’s degree from Stanford University and a bachelor’s degree from the University of California, Berkeley.