We are pleased to announce that Dr. Colin Lawrence has been chosen as the winner of the 2012 PRMIA Higher Standard Award. This prestigious award is granted to an individual who has significantly impacted the global practice of risk management, provided a substantial contribution to the mission of PRMIA and its members, and shows an ongoing commitment to the highest standards of the profession. Dr. Lawrence now joins the list of previous respected winners, including Dr. Dan Rodriguez, Prof. John Hull, David R. Koenig, Prof Carol Alexander, and Prof. Robert Merton.
Dr. Lawrence is the Director, Strategic Risk Advisor, Deputy Governor's Office, Prudential Regulation Authority, Bank of England. As Vice Chair of the PRMIA Board of Directors and formerly as Acting Chair, he has shown his commitment and dedication to PRMIA's members and staff through times of growth, uncertainty and transition. In addition, Dr. Lawrence offers a strong voice to the risk management community, as both a well-respected author and speaker. Over the past 5 years he has embedded a strong risk management culture into regulation and was instrumental in innovating and designing stress testing to re-capitalize the UK financial system.
Dr. Lawrence has been involved with PRMIA as a volunteer since 2003. He shares his thoughts on receiving the award, "I am honored to receive this award and be recognized by my peers in the industry. It is so vital for the stability of the financial system that risk management standards be maintained at the highest level across the global financial system."
Kristin Lucas, PRMIA Director of Operations, congratulates and thanks Dr. Lawrence, "On behalf of PRMIA members, staff and volunteers, I congratulate Colin Lawrence on his outstanding contributions to the field of risk management, and thank him wholeheartedly for his long and distinguished history with PRMIA. His leadership and vision have set PRMIA on course for a very bright future."
As the winner of this year's award, Dr. Lawrence is given the opportunity to select a student in the field of risk management to receive an award of US$1,000 to be donated by PRMIA to the school of the student's choice for further education for the student.