Stochastic ApS was launched in October 2019 as a vehicle for its founder Dr. Graeme Keith to support companies looking to make best use of their data and expertise by incorporating quantitative models of uncertainty into their business and strategic decision-making processes.
A systematic approach to managing under uncertainty is doubly challenged by the subtlety of the underlying logic and the difficulty of developing intuition about systems which - by definition - respond differently every time you interact with them. Graeme brings both the clarity of deep mathematical understanding and the senior management experience to help companies to put it to good use.
Through a variety of joint ventures and partnerships, Stochastic is able to assemble teams of experts to tackle a wide variety of problems in a diverse selection of industries. Graeme's management experience and engineering know-how make Industries built around capital-intensive engineering projects a particular focus.
Advisor • Teacher • Facilitator • Speaker
Graeme has worked in the interface between strategy, risk management and portfolio analysis since completing his doctorate in applied mathematics at Cambridge in 2000. First as a research associate at Cambridge and later as a engineering consultant based in Copenhagen, Graeme started out developing mathematical models for failure investigation, risk management and decision analysis.
After 10 years in consultancy, Graeme started applying his analytical approach to strategy and portfolio management for capital intensive project portfolios, first as head of research at the oil and gas division of DONG E&P and later as exploration portfolio manager at Maersk Oil.
Leveragíng the close relationship between strategy and risk management in the highly volatile oil and gas market, Graeme moved in to twin roles as lead strategy advisor and head of enterprise risk management at Maersk, before starting Stochastic ApS in late 2019..
Graeme lives in Copenhagen with his wife Karin, his three children Carl (2006), Theo (2008) and Isobel (2014) and their two cats Salamis and Archimedes, who may or may not be immortal.