June 28, 2007
PRMIA Aims to Impact Risk Management Industry in Hyderabad
Hyderabad recently became the newest PRMIA chapter in India, joining those already established in Bangalore and Mumbai.
Dr. Yerram Raju Behara, a distinguished banker-turned economist and management consultant, is the Hyderabad Chapter's Regional Director. Dr. Raju shares the goals of the chapter, "We will strive to be the voice of the risk management industry in India, a leader of industry opinion and a proponent for the risk management profession." He adds, "We have established a strong steering committee of professional bankers, insurance and industry representatives, and academics to lead our chapter and help us achieve our goals." The Chapter Steering Committee is chaired by Mr. Amitabha Guha, Managing Director of the State Bank of Hyderabad.
Dr. Raju is the Director (Projects & Research), Development & Research Services P Ltd and until recently, Director of Indian Institute of Economics and Editor, Asian Economic Review, a reputed publishing window of the Institute. His earlier occupations included Senior Management Executive with the State Bank of India for nearly three decades, Professor of Economics, LBS National Academy of Administration, Mussoorie and Dean of Studies, Administrative Staff College of India (ASCI) for a decade. He is also the visiting Professor of Finance and Economics to Acharya Nagarjuna University, Guntur (Andhra Pradesh). Dr. Raju is a prolific writer with more than 500 articles published in all the leading financial dailies and leading national and international journals.
Mr. David Millar, PRMIA Chief Operating Officer, says, "Our membership in India is growing at an impressive rate. We are making a considerable impact on the risk management community through our chapter and educational activities." He adds, "Dr. Raju has a strong vision for the chapter and will be an effective and innovative leader."
Risk management professionals interested in becoming a member of the PRMIA Hyderabad chapter may visit the PRMIA Hyderabad Web site at or via e-mail at Hyderabad@prmia.org.
Posted by dkoenig at 06:30 AM
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June 25, 2007
NUS Risk Management Institute to Offer PRM Training Course in Singapore
We're pleased to annouonce that the NUS Risk Management Institute at the National University of Singapore will implement Professional Risk Manager (PRM) Certification Training Program beginning in July 2007. The PRM certification program is the global standard for the world's top financial risk professionals. Endorsed by leading businesses and leading graduate university programs, it counts candidates from more countries than any other program for risk managers.
Dr. Ng Kah Hwa, Deputy Director NUS Risk Management Institute says, "The PRMIA Certification Training Program specifically prepares professionals in the finance industry for the rigorous examinations of the PRM certification. It will enhance the standard and professionalism of risk management in the finance industry."
"As the financial sector becomes increasingly sophisticated, risk management plays the dual role of maintaining the safety and soundness of banks, as well as the development of new innovative financial products, adds Mr. Ng Nam Sin, Executive Director (Financial Centre Development Department), Monetary Authority of Singapore. "The PRM Certification Training Program is a key initiative that will help advance risk management capabilities and promote sound risk management practices in Singapore."
"We are delighted to work with NUS on this certification program," says Paul Gwee, PRMIA Singapore Regional Director. "With the highly recognized academic standards of NUS and PRMIA's robust program, our candidates will be in the best position to achieve the PRM certification."
The training classes will be held on Saturday mornings over a period of four months, from 14 July 2007 until 17 Nov 2007. Classes are offered in three parts that correspond with the first three PRM exams. To learn more about the certification program, you may visit the RMI Web site. To learn more about the PRM exam, click here.
The NUS Risk Management Institute (RMI) was founded in August 2006 as a university-level research institute at NUS. The establishment of RMI is supported by the Monetary Authority of Singapore under its Programme on Risk Management and Financial Innovation.
Posted by dkoenig at 09:53 AM
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June 21, 2007
PRMs Worth More, Credential Highly Valuable According to Survey
PRMIA recently conducted its Annual Members' Survey, which was completed by more than 3,000 respondents from around the world. Of particular interest were the responses in the Professional Risk Manager (PRM) Certification segment of the survey.
Of those with an opinion, 90% say that they would pay more to someone who has five years of experience if they also have a PRM.
Of the respondents with an opinion of the PRM, 98% agree with the statement, "The PRM is an excellent credential for financial risk managers."
David Koenig, PRMIA Executive Director says, "These results reinforce that the PRM is truly the global standard for the world's top financial risk professionals. The PRM gives these professionals a distinct career advantage."
To learn more about the PRM, click here.
Posted by dkoenig at 05:56 AM
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PRMIA Names Christopher Whalen Co-Regional Director of Washington DC Chapter
PRMIA today announced the appointment of Christopher Whalen as Washington DC chapter Co-Regional Director. He will join Syed Ahmad, the current Regional Director, as the leader of this 3,000 member chapter.
Mr. Whalen is Senior Vice President and a Managing Director of Institutional Risk Analytics, with responsibility for sales, marketing and business development. He has worked as an investment banker, research analyst and journalist for more than two decades. He edits several newsletters, including The Institutional Risk Analyst and Washington & Wall Street, and contributes regularly to publications such as Barron's and The International Economy.
Mr. Whalen shares his thoughts on the chapter and his new role, "Washington has a very diverse and deep community of professionals, whose interests span the full range of market, credit and operational risk issues. Building on the work of our esteemed chair Syed Ahmad, our objective in the near-term is to increase the frequency of events hosted by the DC chapter and to also begin planning for some larger programs in cooperation with PRMIA worldwide."
Mr. Whalen has been a PRMIA member since 2004. He is currently a member of the Washington DC and New York chapter steering committees and is the Chair of the speakers committee. He also writes a blog that appears regularly on the PRMIA Web site.
Formed in January of 2002, PRMIA is a higher standard for risk professionals, with more than 60 chapters around the world and over 40,000 members from more than 175 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 2,000 active candidates in over 90 countries. More information can be found at www.PRMIA.org.
Posted by dkoenig at 05:00 AM
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June 07, 2007
PRMIA Bangalore Focuses on Research Efforts to Make Impact on Risk Industry
With more than 2,000 members already recruited, the new PRMIA Bangalore chapter is quickly becoming an active part of the risk industry. PRMIA Bangalore is focusing its efforts on research in the areas of risk management and risk technologies and solutions.
PRMIA is a fast-growing, collaborative network of risk professionals from around the globe, defining and implementing the best practices of risk management. Dr. Satchidananda S Sogala, M.S. (Illinois) Ph.D. (Credit Risk Quantification), the new chapter's Regional Director, shares his commitment to advancing the mission of PRMIA in Bangalore, "From its inception, PRMIA Bangalore has dedicated its efforts to becoming a nucleus for research, which will enable us to make significant contributions to the risk profession." He adds, "We have established a highly academic committee to lead our chapter and have been actively recruiting members to help us achieve our goals."
Dr. Satchidananda (sssatchidananda@gmail.com +91 9886408381) is the current head of Risk Solutions and Research at IBM India. He has an M S in Policy Economics from the University of Illinois at Urbana-Champaign and a Ph.D. in credit risk quantification. He has 26 years of experience in financial markets and consulting. Dr. Satchidananda has published over twenty papers and is currently writing a book on risk management implementation challenges. Mr Raghu Anantharam, Senior Consultant, Analytics Group, Infosys is the Secretary of the Chapter. A former commodities trader in Singapore, he is committed to research and promoting it from Bangalore which is a global research hub.
Mr. David Millar, PRMIA Chief Operating Officer, says, "We are pleased to have an experienced and respected individual like Dr. Satchidananda leading PRMIA in Bangalore. He is enthusiastic about engaging and promoting research, and we believe he will do much to further the PRMIA mission."
Risk management professionals interested in becoming a member of the PRMIA Bangalore chapter may visit the PRMIA Bangalore Web site at http://www.prmia.org/Chapter_Pages/Bangalore/. They can also contact the chapter Secretary, Mr. Raghu (raghu.anantharam@infosys.com).
Posted by dkoenig at 04:07 AM
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