Joyce Frost is a Partner and Co-Founder of Riverside Risk Advisors and oversees all aspects of the business, including advising private equity and real estate sponsors, corporates, and specialty finance companies. With over 35 years of experience in derivatives markets—including interest rates, foreign exchange, credit, and equities—Joyce brings deep expertise in risk management, hedging strategies and policies, corporate finance, and capital markets.... ↓

Joyce was an active member of the Federal Reserve-appointed Alternative Reference Rate Committee (“ARRC”) Working Groups and was a recognized industry leader in the transition from LIBOR-based contracts to SOFR—one of the most significant changes and challenges in global financial markets in our lifetime. She is frequently quoted in the press, including in The Wall Street Journal.

Prior to founding Riverside, Joyce was a Senior Vice President of Cournot Capital Inc., a highly successful seller of credit protection wholly owned by Morgan Stanley. In that role, she helped build a portfolio exceeding $25 billion in swap notional, secured triple-A credit ratings from three agencies, issued $250 million of rated Senior Debt, managed the short-term investment portfolio, and facilitated Cournot’s successful sale to an affiliate of Magnetar Capital in 2008.

Before her time at Morgan Stanley, Joyce was Head of Marketing for Chase’s newly formed Credit Derivatives Group. During her five-year tenure, she contributed to the development and execution of the bank’s first credit derivatives transactions, including Chase’s first credit default swap, total return swaps on broadly syndicated loans, off-balance sheet financing vehicles, and the market’s first synthetic CLO. Under her leadership, Chase’s Credit Derivatives Group was named “Best in Credit Derivatives” by Global Finance Magazine and Derivatives Strategies Magazine, among other premier industry accolades.

Between 1985 and 1995, Joyce marketed fixed income derivatives to corporate, project finance, real estate, and other end-users. She successfully executed hundreds of transactions, ranging from plain vanilla swaps to the most complex cross-border project finance structures in Latin America. She began her fixed income career at The Northern Trust Company, continued at Chase Manhattan Bank, and spent five years at Sumitomo Bank Capital Markets.

Joyce is Co-Editor of The Handbook of Credit Derivatives (McGraw Hill, 1999) and the author of numerous published articles on the use of derivatives by corporations and other end-users. She has been a featured speaker at dozens of industry conferences throughout North and South America and Europe.

Joyce earned a B.S. in Finance from Indiana University’s Kelley School of Business, an MBA in Finance from the University of Chicago’s Booth School of Business, and completed MIT Sloan School of Management’s Executive Program: Artificial Intelligence: Implications for Business Strategy.

Joyce was honored to receive the Legacy Award at the 2019 Markets Choice Awards: Women in Finance.

She currently serves as Chair of the Board of Directors of Excellence Community Schools, a charter school management organization overseeing 20 schools in the Bronx and Stamford, CT, three of which have earned National Blue Ribbon School recognition. She is the Founding Chair and Vice President of the Board of Trustees of the Bronx Charter School for Excellence. Joyce is a long-standing member of the Board of Directors of New York Cares, New York City’s premier volunteer organization, where she has served on the Executive Committee as both Treasurer and Secretary. She is also Treasurer of the Board of Innisfree Garden in Millbrook, NY—a world-class landscape listed on the National Register of Historic Places.

Joyce is an active member of Tribeca Early Stage Partners, supporting early-stage ventures and entrepreneurs.

During his 25 year career Chris Frost has been involved in all aspects of designing and marketing risk management derivative solutions for corporate clients ... ↓

Prior to starting Riverside Risk Advisors, Chris ran the corporate interest rate derivatives and foreign exchange sales business for the Americas at Societe Generale in New York as a Managing Director. In this capacity he and his team advised corporate clients on a broad range of strategic and tactical solutions related to liability risk management.

Starting in 1995, Chris significantly grew Societe Generale’s derivative footprint throughout the Americas and was involved in numerous landmark hedging and capital raising transactions across a wide range of industries including energy, project finance, infrastructure, private equity, media & telecom and real estate. Notable transactions include designing and executing the delayed takedown private placement hedges for Neptune Regional Transmission (voted Deal of the Year by Project Finance Magazine in 2005) and leading the bank debt hedge program for Peru LNG (voted Deal of the Year by Project Finance Magazine in 2008). Chris was also instrumental in structuring and marketing several prepaid natural gas transactions and executing the taxable and tax-exempt interest rate hedges that were required to secure the underlying economic value for these transactions.

Prior to Societe Generale, Chris was in the corporate derivatives group at Citicorp from 1994 to 1995 where he marketed fixed income derivatives primarily to energy companies. Before Citicorp Chris worked at Renaissance Software, a startup software company that provided fixed income and currency risk management systems for international swap dealers. Before joining Renaissance, Chris worked in the equity sales division at Goldman Sachs from 1989 to 1992. Chris began his career at The Northern Trust Company in Chicago where from 1985 to 1989 he was a commercial banker and U.S. Government bond trader.

Chris earned a BA (magna cum laude) in Economics from Duke University and an MBA from The University of Chicago Booth School of Business. Chris is also a CFA charterholder.

Chris is an avid cyclist completing the “Race Across America” in 2007 and a former nationally-ranked triathlete.

Steve has more than 15 years of experience working with project finance sponsors, private equity firms and institutional investors designing and implementing sophisticated hedging programs... ↓

In addition to providing structuring and execution advice for managing interest rate, foreign currency and commodity risk, Steve assists clients in negotiating key commercial terms of the transaction and developing efficient trading processes to achieve best execution with the dealers. He works with many clients in North America, Western Europe and Asia. Steve is also Riverside’s resident expert on working with project finance and infrastructure sponsors within many emerging markets, including South Africa, Turkey, Poland, Jordan, Chile, Colombia and many other markets. Steve has deep expertise assisting clients in structuring fixed rate, currency hedged debt for use in cross-border transactions.

Steve has assisted project finance clients, private equity sponsors and institutional investors in negotiating hundreds of customized ISDA and Collateral support agreements. He has worked with most major law firms and the dealing desks of all major banks and many of the regional institutions. Steve’s focus on ISDA documentation is especially valued by clients when their hedges are restructured, novated or amended as much of the market flexibility and framework for transparency is often defined in the ISDA.

Prior to joining Riverside, Steve was an investment professional trading interest rate, currency and commodity derivatives at NISA Investment Advisors, a fixed income asset management firm specializing in managing pension fund assets. He continually assisted derivative end-users in a structuring, sales and trading capacity role and helped build and maintain a ~$200 billion long duration swap portfolio in addition to assisting in the execution of more than $15 billion in equity and commodity derivatives.

Steve holds a J.D. from Washington University in St. Louis and a BS (with Honors) from Cornell University where he focused on applied economics and mathematics. Steve is a licensed attorney in good standing in New York. In his free time, Steve is a competitive motorcycle racer and enjoys playing and listening to music.

Leanne Fredericks leads Riverside Accounting Solutions, the accounting services arm of Riverside Risk Advisors, where she focuses primarily on helping clients navigate the practical application and technical requirements of hedge accounting and financial reporting for derivatives under GAAP and IFRS... ↓

Recognized for her fluency in both accounting standards and market mechanics, Leanne brings a distinctive perspective shaped by a career-long focus on risk management, trading, and accounting. Her work spans the full hedge accounting lifecycle – from strategy design and transaction analysis to valuation, hedge documentation, effectiveness assessments, journal entries, and financial reporting. Leanne pairs deep technical fluency with a strong grasp of deal economics, allowing her to deliver guidance that is both precise and practical.

With a background in trading and execution, Leanne bridges the gap between accounting theory and real-world derivative use, ensuring that hedging strategies are both commercially sound and accounting compliant. She is also a frequent educator, leading tailored sessions for clients, auditors, and legal teams to promote clarity and alignment on derivatives and accounting topics.

Since joining Riverside in 2017, Leanne has expanded and now leads the firm’s accounting business – a high-performing group known for hands-on client service and in-depth expertise. During her tenure, the practice has grown to support clients end-to-end – from transaction structuring to long-term financial reporting and compliance.

Prior to Riverside, Leanne served as Treasurer of BNC Bancorp, where she managed the bank’s interest rate risk, investment portfolio, funding strategies, and derivatives platform. She worked closely with auditors and regulators, leading key elements of the bank’s audits and exams. Leanne began her career at Sandler O’Neill & Partners, where she guided community banks on asset-liability management and balance sheet strategy, including the structuring and execution of derivative transactions – sparking a lasting passion for hedging and the accounting frameworks that govern them.

Leanne holds a Master of Accounting from the University of North Carolina at Chapel Hill and a B.A. in Mathematics and Economics from Lafayette College. She is a Certified Public Accountant.

Beyond her professional focus, Leanne enjoys splitting her time between Florida and New Jersey, with a special love for the Jersey shore. She’s an avid reader and traveler, always looking for her next destination – or just the chance to unwind with a good book.

Blaise leads Riverside's West Coast office and joined Riverside after spending more than 12 years at MUFG Union Bank... ↓

Blaise led the development, structuring, and execution of bespoke hedge strategies for private equity sponsors and end-users within the Energy, Real Estate, Agriculture, and Entertainment Finance sectors. Blaise has a keen ability to optimize market insight providing sponsors with an optimal balance of cost and flexibility while hedging. Blaise also has extensive experience negotiating the critical commercial points of the hedge documentation.

Blaise began his career at the bank as a Credit Analyst developing an understanding of the constraints and opportunities for debt, leverage, and hedging which led him to the Interest Rate Derivatives desk within Global Capital Markets. Blaise quickly ascended as a top performer in the Bank by establishing hedge advisory partnerships with many of the bank's highest-profile clients.

Blaise earned a BA in Economics and Economic Geography from UCLA and is a graduate of Union Bank’s Management Training Program. In his free time, Blaise enjoys playing ice hockey and riding motorcycles.

Neil has nearly 25 years of experience structuring and marketing risk management solutions for corporate and project finance clients ... ↓

Prior to Riverside, Neil spent 14 years at GE Capital where he was recruited to build its customer-facing rates hedging business. He and his team grew the business to over $80B of notional amount, fully integrating the platform into GE Capital’s vast commercial lending operations in the US.

Prior to GE Capital, Neil was in the Global Markets Group at FleetBoston Financial and its predecessor Fleet Bank for more than a decade. He structured and marketed interest rate and FX hedging solutions to a broad range of clients in the midcap corporate, commercial real estate, energy and gaming sectors.

Neil earned a BS in Finance from the University of Massachusetts at Amherst. He lives in Boston and is an avid cyclist, runner and golfer.

Bethany has over six years of experience in the corporate equity derivative and equity-linked origination market at Deutsche Bank ... ↓

She was responsible for underwriting and originating equity-linked capital raises (convertible bonds) and structuring and valuing corporate equity derivative transactions, including call spreads, capped calls, collars, and accelerated share repurchase programs.

Bethany's primary focus was working with corporate and private equity clients hedging transaction risk and optimizing capital structure with special emphasis on tax considerations and security regulations. Notable transactions include Dish Network's $3bn call spread and convertible notes due 2026, which received IFR's 2016 Americas Structured Equity Issue Award, and sole structuring agent and counterparty to the $1.5bn funded collar on Waha Capital's stake in AerCap, which won the M&A Advisor's 2015 Cross Border Financing Deal of the Year Award.

Prior to Deutsche Bank, Bethany began her career in engineering in the energy sector at allmineral, LLC where she focused on project finance and process design for pre-combustion coal cleaning plants.

Bethany holds an MBA with a concentration in Finance from Emory University and a B.S. in Chemical Engineering from the Georgia Institute of Technology. She lives in Manhattan with her husband and two daughters and loves to travel.

Frankie is a graduate of The University of Chicago and holds a B.A. in Economics with a specialization in Business... ↓

She is an alumna of the selective Trott Business Program, John W. Rogers Jr. Internship Program in Finance, and Questbridge Scholars Network at the University of Chicago. In 2020, Frankie was a summer intern for Riverside responsible for updating the deals database and providing pricing and modeling analytical support. Prior to joining Riverside, she interned for the investment teams at the McCormick Foundation and the Joyce Foundation in Chicago.

Frankie is originally from Montana and now resides in New York City.

Morgan supports the Accounting Services practice at Riverside. She works closely with clients and internal teams to ensure accurate accounting treatment for hedging strategies, assists with hedge documentation and effectiveness testing, and helps navigate evolving financial reporting standards under GAAP and IFRS.... ↓

Her understanding of both audit and financial analysis strengthens Riverside’s ability to deliver technically sound and compliant accounting solutions.

Before joining Riverside, Morgan worked in the Audit and Assurance division at PricewaterhouseCoopers (PwC). There, she specialized in the Asset and Wealth Management sector, contributing to the audit team of one of the world’s leading infrastructure investment firms. Her experience at PwC provided her with in-depth exposure to complex financial structures and regulatory frameworks, equipping her with the technical and analytical skills critical to advising institutional clients.

Morgan holds a Master of Accounting degree from the University of North Carolina at Chapel Hill, where she distinguished herself with a dual concentration in Audit as well as Financial Analysis and Reporting.

In her free time, Morgan enjoys practicing yoga and going to the Jersey shore.

Alex has a breadth of derivative product experience structuring and executing interest rate and cross-currency swaps, FX options, loans with embedded derivatives, deal-contingent hedges, and more.... ↓

During his seven-year tenure at Citibank, he developed and marketed derivative solutions for corporations, public sector entities, and infrastructure projects, primarily with Latin American clients and conducting his business in fluent Spanish. He is adept at addressing risk management objectives in tandem with their credit-risk, tax, regulatory, and accounting implications.

Moreover, Alex has experience working in partnership with multilateral development banks to deliver currency hedges in frontier jurisdictions including Uruguay, Costa Rica, Jamaica, and Haiti, where swap liquidity is limited or non-existent.

Alex graduated summa cum laude and Phi Beta Kappa from Yale University, earning a B.A. in Mathematics & Philosophy. A hobbyist classical pianist, he is Board Secretary of the New York Piano Society and has performed at multiple concert venues, including Lincoln Center and Carnegie Hall.

Deepak earned an MS in Quantitative Finance from Washington University in St. Louis and a B.S. in Electronics Engineering from the University of Mumbai.... ↓

Before joining the Riverside team, Deepak was a practicum consultant for the Washington University Investment Management Company where he was responsible for managing the portfolio for Asian Markets. Alongside his academics, Deepak interned for Smartlink technologies in India where he was a member of the accounting team.

Rachel Vallejo is a seasoned expert in regulatory compliance for derivatives transactions, with over 15 years of specialized experience... ↓

Rachel plays a pivotal role at Riverside, supporting clients and leveraging her deep expertise in global regulatory requirements and compliance.

Before joining Riverside in 2024, Rachel spent 16 years at Wells Fargo, working closely with the legal and compliance departments. In this capacity, she was instrumental in developing and implementing policies and procedures aligned with the CFTC (Commodity Futures Trading Commission) and SEC (Securities and Exchange Commission) regulations. Her meticulous and detailed approach ensured all clients were thoroughly documented and compliant before engaging in any transactions.

Rachel resides in California with her husband and children. She enjoys cooking and music and is deeply dedicated to her family and her profession, maintaining a strong work-life balance while contributing significantly to the financial sector’s regulatory landscape.

Conrad brings nearly a decade of expertise in risk management and derivative solutions. Before joining Riverside in 2024, he spent over seven years at Morgan Stanley, most recently as part of the Project Finance banking team..... ↓

In this role, Conrad specialized in providing bespoke financing and advisory solutions, including structuring and executing equity and debt products across the capital structure for financial sponsors and strategic corporate clients.

Prior to his work in banking, Conrad spent over four years on the Interest Rate Solutions desk, where he marketed, structured, and executed derivative hedging products for clients in the power, utilities, and infrastructure sectors. His first role at Morgan Stanley was in the Treasury Department, where he focused on asset liability management and evaluating the bank’s interest rate risk.

Conrad began his career at Huntington Bank, where he contributed to identifying and managing the bank's interest rate risk.

He holds a B.A. in Economics and Chemistry from Denison University and was also an All-American varsity swimmer. Additionally, Conrad served a two-year term on the Denison University Board of Trustees. He resides in New York City with his wife and enjoys traveling, card games, and running in his spare time.