PRMIA Welcome Address from Ken Radigan CEO, PRMIA

 

Ken Radigan, CEO, PRMIA

Ken Radigan is the CEO of the Professional Risk Managers' International Association (PRMIA). Ken has held high-level posts in prominent multinational insurance corporations, and acted as a risk management consultant in the financial industry. From 1988 to 2014 he held a variety of positions at AIG, ultimately serving as CRO of the Casualty and Global Risk Solutions divisions.  Ken holds a B.A. in Mathematics from the University of Dayton, as well as numerous professional designations, including:  Professional Risk Manager (PRM), Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Associate in Surplus Lines Insurance (ASLI).

New risks such as climate and COVID bring new and complex dimensions to classical financial risk management. These are examples of radical risk, the frontier of risk management today. This talk is about these differences and how they may be overcome in an enterprise risk framework.

Keynote Speaker: Dr. Ron Dembo, CEO & Author, Risk Thinking

Dr. Dembo has had a distinguished academic research career at Yale University and as a visiting professor at MIT. He was also the Founder and CEO of Algorithmics Incorporated, growing it organically from a start-up to the world’s largest enterprise risk management software company with offices in fifteen countries, over 70% of the world’s top 100 banks as clients, and consistent recognition as one of Canada’s 50 best managed companies. Following the sale of Algorithmics in 2005, he founded Zerofootprint, a venture focused on climate change that engaged more than 250 companies and many cities in an effort to reduce their carbon footprint. More recently, he has developed a unique algorithm for generating forward-looking scenarios and is applying it to climate change in his latest venture, riskthinking.AI.

Dr. Dembo has received many patents and awards for his research and in 2007 was honored as a Lifetime Fellow at The Fields Institute for Research in Mathematical Sciences.

Speakers

Brunello Rosa, CEO, Rosa Roubini Associates

Brunello Rosa is CEO and Head of Research at R&R. He is a Visiting Professor at the Department of Social and Political Sciences of Bocconi University and a Visiting Lecturer at the Department of International Politics and a research fellow of the City Political Economy Research Centre at City, University of London. He is also a Research Associate at the Systemic Risk Centre of the London School of Economics and Political Science, where he is a practitioner lecturer in finance for MSc students and in macroeconomics for professionals undertaking executive education.  

Brunello is a member of the Chief Economists Advisory Board of the European Investment Bank and of the Advisory Board of the Ambassador of Italy to the UK.  

Brunello is an active member of Chatham House (The Royal Institute of International Affairs), the UK’s Institute of Directors, the International Institute of Strategic Studies and the Institute for New Economic Thinking (INET). He contributes to the Research Hub in Finance of the UK's National Institute of Economic and Social Research, for the ESRC programme on Rebuilding Macroeconomics. 

Before co-founding this new venture, Brunello served as co-Head of Research and Managing Director for Developed Markets, G10 Rates and Currencies at Roubini Global Economics. Brunello joined RGE from the Bank of England, where he had mainly worked in Markets, in the division that implements monetary policy and provides liquidity insurance. He also briefly served in the Bank’s Financial Stability area and its Centre for Central Banking Studies. Previously, he worked as a macroeconomist and fixed income strategist with a focus on Europe at IDEAglobal, a market intelligence company. In these various capacities, Brunello appeared on Bloomberg, Reuters, CNBC and other TV programmes, and had been quoted by a variety of media outlets. Prior to joining the private sector, he was a research assistant at the Financial Markets Group of the London School of Economics, where he also taught classes in finance. Brunello started his career as a data analyst at the Department of Economics and as a research fellow at Siena University’s Centre for Complex System Studies, where he studied and researched the financial fragility of economic systems. 

In 2021, Brunello Rosa was recognized as Top 20 Dynamic CEOs in the UK by the magazine CEO Publication, with a profile article titled "The Pioneering Visionary".

In 2020, Brunello Rosa has been included in the list of the top-100 financial-services influencers in the world by Onalytica for his discussion over Covid-19 and its impact on the global economy and financial markets. 

In 2014, Brunello was awarded a prize by the Italian Chamber of Commerce and Industry in the UK for his "outstanding contributions" to the development of business ties between the UK and Italy.  These include his articles and events with Raffaele Cantone, president of Italy's Anti-Corruption Authority. He is now President of the Association "Talented Italians in the UK," which gathers the winners of the  prize "Young Talented Italians." 

Brunello holds a master’s degree in finance and economics from the London School of Economics and a laurea cum laude in economics from the University of Siena in Italy.  

Andrea Presbitero, Associate Fellow, SAIS Europe

I am Senior Economist in the Research Department of the International Monetary Fund, CEPR Research Fellow in the International Macroeconomics and Finance programme, Associate Fellow at SAIS Europe, and member of the Money & Finance Research (MoFiR). I have been Assistant Professor at the Universita' Politecnica delle Marche and Associate Professor of Economics  at the Johns Hopkins University School of Advanced International Studies (SAIS). My research focuses on financial intermediation, banking, development finance, and sovereign debt and has been published in leading academic journals (e.g., Review of Economics and Statistics, Review of Financial Studies, Journal of Financial Economics, Journal of International Economics). I am associate editor of Economia (LACEA) and the Journal of Financial Stability. homepage: sites.google.com/site/presbitero/

Moderator: Cosimo Paccini

Cosimo Pacciani was most recently the Chief Operating Officer for Algebris, a London based asset manager, and he was previously Chief Risk Officer for the European Stability Mechanism until 2019.

Previously, he spent 11 years with RBS, where he was Chief Operating Officer for the Group Credit Risk function and Head of Risk and Compliance for the Asset Protection Scheme, the mechanism established by the British Government to rescue the banking system. Previously with RBS, he was Head of Credit Risk
for Corporate and Public Institutions in Europe. Before RBS, he worked for the Investment arm of Credit Suisse First Boston and he started his City career for the London branch of Monte dei Paschi di Siena in 1998.

Cosimo holds a Ph.D. from the Faculty of Economic Sciences, University of Siena and an M.S. in Economics from the Faculty of Economics, University of Florence.

 

We discuss the credit outlook as emergency pandemic measures are eased. How resilient are the key sectors and asset classes? - and how has our understanding of credit modelling and management evolved?

Speakers

Thomas Hermann, Global Chief Credit Risk Officer, Credit Suisse
Alfredo Saenz, Head of Credit Portfolio Management, Santander
Sunil Raja, Head of FI Credit Risk, Lloyds

Our panelists will discuss how Banks are adapting to a renewable world, whilst managing inherent climate risks, through a dialogue based on public policy and risk strategy agenda.

Speakers

David Coleman, Head of Risk, EBRD & Chairman, PRMIA 
Bruce Fletcher, CRO, Nat West
Sophie Marnhier-Foy, Global Head of Product Marketing, Adenza
Kevin O'Rourke, EMEA CRO, Mizuho

Day 2 welcome from David Coleman, Head of Risk, EBRD & Chairman, PRMIA.

 

David Coleman, Head of Risk, EBRD & Chairman, PRMIA 

David Coleman joined EBRD as Managing Director, Risk Management in January 2014, when he assumed responsibility for Credit Risk, Market Risk, Equity Investment Risk Management, Operational Risk and Recovery activities.

He is a member of the Operations Committee, Risk Committee and Asset and Liability Committee. In addition Mr Coleman has led multiyear projects across the whole Bank, including a Culture Change Programme and chaired the Implementation Steering Group of a three year broader change programme, deepening outsourcing, automation, agile working and improving efficiency.

He has a banking career stretching over 40 years in retail, wholesale and investment banking at Deutsche Bank, Bankers Trust and beginning with NatWest.
More recently, from September 2008 he was appointed as the Chief Risk Officer of the Investment Banking arm of RBS/NatWest Group, with responsibility for rebuilding the Risk Management and Compliance functions of the Division, until the decision to exit from those businesses in 2013. 

He is co-author of the risk management examination text for the global professional body PRMIA and is Chair of the PRMIA Global Board.

Description

Risk management has traditionally focused on enterprise assurance, risk reporting, and regulatory compliance. However, the prevailing market scenarios has changed the equation with changing customer behaviour, business model disruptions, and technological advances. We seek to interact with an eminent panel of CRO and Risk Leaders who are leading such transformations within their own organizations. Some key discussion points and insights that we look forward to address are as follows:

• Future of Risk Enterprise – Towards Growth and Competitive Advantage
• Changing priorities for CRO’s to deliver business outcomes
• Key challenges, success factors and suggested transformation initiatives to deliver the outcomes
• Key constructs of Future of Risk Enterprise, Capabilities, Skills and Operating Models needed – The How part and more
   

Speakers

Sundeep Bhandari, Chairman, Board Risk Committee (SMF10), Independent Non Executive Director, Ghana International Bank
Bruce Fletcher, CRO, NatWest
Sadia Ricke, CRO, Societe Generale
Bhaskar Sen, Executive VP and Group Head of Risk Management (ERM), FAB
Vijayaraghavan Venkatraman, Global Head - BFSI Risk Management & Regulatory Compliance, TCS

Description

Diversity and Inclusion provides a healthy antidote to organisations' thinking and decision biases. Experts from Financial Services Culture Board (FSCB, formerly the Banking Standards Board) will present results of their research and discuss the role of diversity and inclusion in organizational culture.

Description

The acceleration of new technologies applied to asset management is increasing. The session will explore with two thought leaders risks and challenges on tokenisation of assets and the introduction of blockchain technologies, but also the opportunities to use these technologies for better risk management. 

Speakers

Emilio Barucci, Politecnico di Milano
Claudia Biancotti, Head of the Digital Integration - International Economics Department, Banca d’Italia

Moderator

Cosimo Pacciani

Description

* Blockchain: the opportunities in application and potential disruption for risk management. * Crypto Currencies: impact on risk management frameworks and techniques.

 

Speakers

Markus Blattmann, CRO, SEBA Bank
Benedict Roth, CRO, Zodia Markets
Karl Sees, MD, Cubelogic

Moderator

Oleg