Publication: 2019 Risk Management Market Summary – Asia Pacific

A summary of Market Trends, Industry Analysis and People Moves throughout 2019 across Risk Management in Asia Pacific

Whilst 2019 will not be viewed as a year of major hiring activity across the risk management market, it can certainly be looked back upon as they year in which non-financial risk management (NFRM) has gained even greater prominence and standing in the CRO’s mandate; perhaps somewhat ironic in a year that has seen significant economic challenges and subsequent market volatility and financial risk. The awareness that firms will need to increase their capabilities within areas such as conduct risk, political risk and resiliency is certainly there, however the question is: are firms prepared for it? An historic focus on financial risks (note the ratio of CROs from a credit risk background versus other risk types) coupled with a talent pool in Asia that is already limited in emerging risks will present a natural inhibitor in sourcing the best talent, creating the right teams and embedding best practice.

 

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