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CAIMS*SCMAI E-News Volume 24 Number 7

Editor: Christina Christara

  1. In Memory of Abel Cadenillas (1960-2024)
  2. New deadline for some CAIMS*SCMAI awards nominations (November 30, 2024)

1. In Memory of Abel Cadenillas (1960-2024)

It is with deep sadness that I inform you of the passing of Professor Abel Cadenillas after a long and serious illness. He was well-known in the CAIMS community and regularly participated in CAIMS Annual Meetings. In Abel, we have lost a highly respected colleague, an excellent researcher, a popular instructor, and a caring supervisor. He had a profound impact on the Department, his students, and the research in mathematical finance and stochastic control theory.

Abel completed his doctoral studies at Columbia University in 1992. After a postdoctoral fellowship at the University of British Columbia, he became a Rosenbaum Visiting Fellow at the Isaac Newton Institute for Mathematical Sciences at the University of Cambridge. After serving as a Professor of Finance at the Instituto Tecnológico Autónomo de México, Abel joined our Department as an assistant professor in 1996. He was awarded tenure in 2000 and promoted to full professor in 2007.

A hallmark of Abel’s research is the subtle combination of intricate mathematical methods with real-world applications in finance, economics, and operations research. Through publications in top journals across different fields, he attracted international recognition from both the mathematics and financial economics communities. His early work focused on the innovative development of the stochastic maximum principle for various control problems. In the emerging field of mathematical finance, he applied these techniques to analyze and solve significant problems related to optimal consumption, investment, dividend policies, transaction costs, and exchange rates. By extending these applications and demonstrating their value to financial economics, Abel provided new insights into managerial compensation and risk sharing as stochastic control problems. Over the last decade, he further expanded his research to include government debt control, insurance contracts, and, most recently, pollution control.

At the University of Alberta, Abel contributed substantially to our undergraduate and graduate programs in mathematical finance. He played a key role in developing and launching the PhD Program in Mathematical Finance in 1999, the first of its kind in Canada. Abel’s legacy lives on through the careers of his former graduate students, who have gone on to assume significant roles worldwide.

Rest in peace, Abel. We will miss you dearly.

A celebration of life event in honour of Abel’s contributions is planned for the end of August at the University of Alberta, with an online option to view the presentation remotely. When available, further information about the event will be shared and posted at

Christoph Frei (he/him)
Professor and Chair
Department of Mathematical and Statistical Sciences
University of Alberta

2. New deadline for some CAIMS*SCMAI awards nominations (November 30, 2024)

As many of you know, the deadline for the CAIMS*SCMAI awards nominations of a certain year was always January 31 of that year.
In order to get more time to process the nominations, announce the awards, and arrange for the winners to participate in the annual meeting and present their talks, we will move the deadline of all but the Cecil Graham Doctoral Dissertation Award to November 30 of the previous year.

Thus, the nomination deadline for the 2025
* Arthur-Beaumont Distinguished Service Award
* CAIMS-Fields Industrial Mathematics Prize
* CAIMS/PIMS Early Career Award
* CAIMS*SCMAI Research Prize
will be November 30, 2024.
The nomination deadline for the 2025
* Cecil Graham Doctoral Dissertation Award
will remain January 31, 2025.

CAIMS*SCMAI E–News Information

CAIMS*SCMAI E–News is distributed electronically several times a year by the Canadian Applied and Industrial Mathematics Society * Société Canadienne de Mathématiques Appliquées et Industrielles (

Past issues are available on the web at

Submissions are welcome and should be sent in plain text format to:
Christina Christara, CAIMS*SCMAI Secretary Email:
Iain Moyles, CAIMS*SCMAI Communications-Officer Email:

The views expressed herein do not necessarily represent those of the Board or Membership of CAIMS*SCMAI. The editorial policy of this publication is to encourage the discussion of issues and facilitate the dissemination of information relevant to Canadian applied and industrial mathematics.

If you wish to have your name removed from the e-mailing list for the CAIMS*SCMAI ENews, please send an email message to Christina Christara as above.


The Canadian Applied and Industrial Mathematics Society, which dates from 1979, has a growing presence in industrial, mathematical, scientific and technological circles within and outside of Canada.

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