Leslie Rahl founded Capital Market Risk Advisors, Inc. (CMRA) in 1994. CMRA has become the preeminent risk advisory firm in the financial markets, having served over 220 institutional clients on six continents. Mrs. Rahl was a pioneer of the swaps and derivatives business, and was named one of the Top 50 Women in Finance by Euromoney in 1997 and was profiled in both the fifth and tenth anniversary issues of Risk Magazine. Mrs. Rahl is the author of Hedge Fund Transparency: Unravelling the Complex and Controversial Debate published in March 2003 by Risk Books and the editor of Risk Budgeting a New Approach to Investing published in November 2000 by Risk Books. Her articles have appeared in a wide range of publications.

Mrs. Rahl received her undergraduate degree in Computer Science from MIT in 1971 and her MBA from the Sloan School at MIT in 1972.