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Bill is an experienced Financial Risk, Capital Markets and Risk Transformation Executive most recently with Capital One from 2012 to 2022 where he was the Chief Market & Liquidity Officer and established the risk management functions for Market, Liquidity and Counterparty Credit. In this role, he was responsible for risk oversight of the firm's Capital Markets Trading, Interest Rate, Foreign Exchange, Investment Portfolio and Liquidity Risk positioning and hedging programs.

Since joining Capital One, he helped establish the Capital Risk Oversight function and co-led Capital Risk and Bank Stress Testing.  Regularly engaging with regulatory bodies, Bill served as Compliance Officer for Treasury and Trading and led the firm's regulatory engagement.

Prior to joining Capital One, Bill was Chief Market Risk Officer at KeyBank where he built the Market Risk, Liquidity Risk, and Counterparty Credit teams. In this capacity, he implemented a risk framework for monitoring risk activities, escalation, and communication points to ensure transparency in the risk-taking in Trading and Treasury Balance Sheet Management hedging units. 

Bill worked for 11 years for JPMorgan in its Market Risk Management and Fixed Income Trading divisions. He has held various risk and trading positions at JPMorgan and Citi within Risk, Fixed Income Trading, and Prime Brokerage. Before working in banking, Bill served as a U.S. Naval Officer in Asia and the Middle East. 

Bill has an M.B.A. in Finance from Carnegie Mellon University’s Tepper School of Management, a B.S. in Mathematics & Economics from Rensselaer Polytechnic Institute, and a Financial Risk Management (FRM) Certification.



Market Risk

Liquidity Risk

Counterparty Risk

Stress Testing

Fixed Income

FX and Commodities



Carnegie Mellon University

M.B.A., Finance

Rensselaer Polytechnic Institute (RPI)

B.S., Mathematics, Minor in Economics


SEDA Experts

Managing Director


Capital One Financial Corp.

Chief Market and Liquidity Risk Officer



Chief Market Risk Officer


Société Générale

Head of Market Risk, Newedge Group


J.P. Morgan

Fixed Income, Commodities, FX Product Manager


Chief Risk Officer, JPMorgan Startup Broker/Dealer


Fixed Income Trader


Market Risk Manager, Fixed Income and Traded Credit Products



Americas Derivatives Risk Manager, Fixed Income and Credit Derivatives


Citibank, N.A.

Assistant Vice President, Business Analyst for Foreign Exchange and Commodities


Risk Management Expert Witness

Market Risk,

Liquidity Risk,

Counterparty Risk,

Stress Testing,

Fixed Income,

FX and Commodities, SEDA consulting, SEDA financial group, Financial services testifying expert, Financial Industry Experts, Testifying Experts Support, financial expert witness, Dispute Resolution

Contact Form
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William Kugler

1185 Avenue of the Americas
New York, NY 10036

+1 646-626-4555

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