December 28, 2006
PRMIA Appoints David Millar to Chief Operating Officer Position
FOR IMMEDIATE RELEASE
Contact PRMIA Communications Department
communications@prmia.org
The Professional Risk Managers’ International Association (PRMIA) has announced that David Millar of London, England has been appointed to the role of Chief Operating Officer of the association.
Mr. Millar has been working with PRMIA as the administrative co-Chair of the Regional Director Support and Standards Committee. In his new role, he will expand his administrative direction to include management of other global volunteer committees, including the Education and Standards Committee, PRMIA administrative, legal and financial matters, PRMIA partner relationships and general day-to-day management of operations. Mr. Millar will report to David R. Koenig, PRMIA’s Executive Director, who has also been named President and Executive Director of the PRMIA Institute. The addition of the Chief Operating Officer role to PRMIA’s professional team allows the association to further expand the services offered to its members, certification candidates and partners.
“We’re very pleased that David is expanding his professional role with PRMIA,” said Mr. Koenig. “He has shown very capable leadership of our Regional Director Support and Standards Committee and our administrative staff and volunteers have greatly appreciated his contributions.”
Mr. Millar has over 30 years of industry experience and is a process, IT and risk management professional focused on financial markets. His experience covers strategy, training, consulting, research, outsourcing and change management. He has strong business development and marketing skills. Mr. Millar has an impressive track record in retail and investment banking and ran the banking division at Capgemini, a consulting, implementation and outsourcing division. In recent years he has specialized in enterprise and operational risk management consulting, training and writing including Basel II, Sarbanes-Oxley, MiFID and other EU Directives and their control and supervisory requirements.
“I am delighted to be taking on this new challenge. It brings together a career interest in risk management with the opportunity to contribute to a successful and growing professional association”, said Mr. Millar. “It also allows me to continue working with a great team of motivated and energetic PRMIA volunteers, staff and members”.
In less than five years, PRMIA’s membership has grown from its 25 founding members to nearly 40,000 members in 172 countries. Its flagship PRM certification program is recognized as the highest standard in risk certification programs and counts candidates in over 90 countries.
About PRMIA and the PRM
PRMIA is the Professional Risk Managers’ International Association. Formed in January of 2002, PRMIA is a higher standard for risk professionals with more than 60 chapters around the world and nearly 40,000 members from more than 172 countries. A non-profit, member-led association of professionals, PRMIA is dedicated to advancing the standards of the profession worldwide through the free exchange of ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRM) certification program, pursued by over 1,800 active candidates from more than 90 countries. You can learn more at www.prmia.org.
Posted by dkoenig at 02:23 PM
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December 19, 2006
Robert C. Merton and Carol Alexander Receive Inaugural PRMIA Higher Standard Award
The Professional Risk Managers’ International Association (PRMIA) has announced that Professor Robert C. Merton and Professor Carol Alexander have been chosen as the winners of the inaugural PRMIA Higher Standard Award.
In a recent tally, the Board members of the Professional Risk Managers' International Association and the Regional Directors from PRMIA’s sixty chapters around the world selected these two international leaders to be honored.
“We're delighted to offer our appreciation to Drs. Merton and Alexander for their contributions to our membership, as well as their lifetime contributions to finance and the risk management profession,” said David R. Koenig, Executive Director of PRMIA.
The PRMIA Higher Standard award is granted to individuals who have significantly impacted the global practice of risk management, provided a substantial contribution to the Mission of PRMIA and its members, and who show an ongoing commitment to the highest standards of the profession. The selection of the winners of this award was made from over one dozen nominees, all of whom are recognizable from their outstanding work.
Prof. Merton graciously donated his thirty year's of lecture notes to PRMIA members in February of 2004. On average, his notes are read more than 600 times each week. Since first being posted they have been read nearly 100,000 times.
“It is no doubt that Dr. Merton's kind contribution has had a global impact on the advancement of understanding of finance and risk management, especially on our association's members,” said Mr. Koenig.
“I am delighted to learn that I have been selected to receive the PRMIA Higher Standard Award this year and am greatly honored,” said Professor Merton. “I am also very pleased by the latest statistics on the wide and frequent use of my teaching notes.”
Prof. Alexander's leadership of the PRMIA Academic Advisory Council, and in particular, her incredible dedication in the creation of the Professional Risk Managers' Handbook have earned her great respect from our leadership, building upon her already well-established reputation in our industry.
The PRM Handbook is now used in over 105 countries and at nearly every major financial institution. It is no doubt that this work has had a global impact on the advancement of understanding of finance and risk management and has been especially helpful to thousands of PRMIA's members.
“I believe proper education in risk management is hugely important to the development of the individual, the company and indeed the whole economy,” said Professor Alexander. “PRMIA and I share a dedication to setting proper standards for the risk management profession, and helping candidates from all over the world achieve those standards, especially candidates in less developed countries.”
In honor of this award, the PRMIA Institute will provide two US$1,000 grants to a scholar or student in the field of risk management, one each selected by Professors Merton and Alexander.
Posted by dkoenig at 09:58 PM
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December 05, 2006
2005 PRM Candidate of the Year Named Risk Management Director for Banco do Brasil
Rene Sanda, winner of the 2005 PRM Candidate of the Year Award, has been named by the Board of Banco do Brasil as the new Risk Management Director.
"My appointment as the new Risk Management Director of Banco do Brasil (the biggest bank in Latin American) was due to good luck, hard work and PRMIA," said Mr. Sanda, "There is no organization in the world that supports the risk professionals like PRMIA."
Prior to this appointment, Mr. Sanda had been supervising the treasury division of Banco do Brasil’s New York branch, where he was responsible for planning, directing and controlling the branch’s treasury and risk management activities. Sanda served as an asset liability manager for Banco do Brasil from December 1999 to April 2002. Prior to that time he was head of the international finance division from January 1995 to December 1999. Sanda holds a masters degree in statistics from Instituto de Mateme from the Universidade de Sao Paulo and an executive MBA in finance from Instituto Brasileiro de Mercado de
Captais in Brazil.
We congratulate Rene on his accomplishments and are very pleased to see the success of those who have attained the higher standard in risk certification, the PRM.
The press release, in Portuguese, can be found by clicking here.
Posted by dkoenig at 11:32 PM
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PRM Candidates Earn Perfect Scores on Exams
Our congratulations are extended to the following members who have attained a perfect score on an exam of the PRM certification program during 2006:
Grzegorz Gawron, Lehman Brothers, London, Exam II
Sau Kei Li, HSBC Life, Hong Kong, Exam II
Yiu Kei Cheung, Hong Kong, Exam II
Saleem Husain, Citigroup Investment Bank, New York, Exam IV
Such excellence is to be commended!
For more information on the PRM certification program, please click here.
Posted by dkoenig at 03:37 AM
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