August 13, 2003 The Professional Risk Managers’ International Association (PRMIA) is pleased to announce that it has opened PRMIA Thailand, its 41st chapter, and has named Dr. Guan-Seng Khoo, Head, Research & Education for Asia Consulting Pte Ltd, as the new Regional Director for PRMIA Thailand.

"Dr. Khoo is an excellent fit for our organization," said Frank Hayden, a member of PRMIA's Regional Director Support and Standards Committee. "He is very motivated and is interested in helping to advance existing risk management practices in Thailand and surrounding areas and I am sure that he will be successful in doing so."

"I think that training and educational offerings, like the standard-setting ones of PRMIA, will greatly benefit the Thai risk profession," said Dr. Khoo. "Our chapter will work to bring those to practitioners through the Ministry of Finance, Thai Banks and other partners who also are working to advance our practice in Thailand. In addition, we will work closely with the other chapters in SE Asia to promote risk management & PRMIA."

Dr. Khoo received his PhD in Mathematical Simulation of Materials Science from NUS, Singapore in 1992 under the co-supervision of Nagoya University..

As the Head of Research and Education for Asia Consulting Pte Ltd, Dr. Khoo conducts research into Basel II implementation in Asia, constructs training and development programs for various banking clients and is the Founder and Chief Editor of Asia Wealth Management Journal (in association with World Scientific Publishing Co., the publisher of the International Journal of Theoretical & Applied Finance and the exclusive publisher for the Nobel Prize Lecture Series). Prior to his work with Asia Consulting, Dr. Khoo was on the Management Committee of American Bourses Corporation, spun off from Man Group plc., the world’s largest hedge fund manager, where he focused on CRM & Data-Mining Analytics, E-Learning and collaborated with Terra Nova Trading and Townsend Analytics in Chicago on risk management analytics in direct access trading. When he was a financial engineering professor at NTU, Singapore, he collaborated with Man Group plc to data-mine the global financial markets with a focus on risk management, with financial support from the Singapore Government, Man Group plc., and SAS Institute.

PRMIA Regional Directors include professors, regulators, senior analysts, consultants, traders and senior officers of their companies. They come from banking, energy, asset management, software and non-financial corporations as well as from universities and governmental bodies. Over 10,000 attendees will visit free meetings organized by PRMIA regional chapters in 2003.

PRMIA seeks to serve its members through promoting standards and education in the risk management profession and through promoting the free exchange of ideas. Local chapters like PRMIA Thailand host free meetings that address the needs of the local risk management community. PRMIA also offers the Professional Risk Manager (PRM) program in 350 cities worldwide. Dr. Khoo will be working towards institution of the PRM as the local standard in professional risk management assessment, development and certification.

PRMIA is the Professional Risk Managers' International Association. Founded in 2002, PRMIA currently has 41 chapters around the world, and over 7,000 members, from more than 2,700 organizations, in more than 102 countries. PRMIA is a tax-exempt, non-profit, member-led association of risk professionals dedicated to the advancement of the profession worldwide through the free exchange of ideas about risk management. More than 10,000 attendees are expected at free PRMIA events around the world in 2003, making it both the risk industry's fastest-growing professional association and its most active.