Awarding risk management excellence
While preparing for the future, the industry is realising the need for a stricter discipline around risk management. Earlier this year SimCorp StrategyLab invited investment management institutions to participate in an assessment of their ability to mitigate market risk, operational risk and governance risk.
The assessment was based on the institutions’ achievements and developments accomplished in the period from 1 August 2008 to 31 July 2009 and the winner would receive the ‘Risk Management Excellence Award 2009’. An international jury consisting of distinguished specialists and academics within finance, governance and risk management evaluated the incoming suggestions and named MEAG the winner of the SimCorp StrategyLab Risk Management Excellence Award 2009.
The jury included Professor Caspar Rose of Copenhagen Business School, Professor Renée Adams of University of Queensland, Professor and Director of SimCorp StrategyLab Ingo Walter of Stern School of Business (NYU) and SimCorp’s CEO, Peter L. Ravn.
The SimCorp StrategyLab Risk Management Excellence Award has been established for the purpose of rewarding and promoting best practise within risk management in the global investment management industry.
In Luxembourg, MEAG (Munich ERGO Asset Management GmbH) received the award for their thoroughly thought-through and implemented risk policy. MEAG is part of Munich Re and provides advice on strategic asset allocation, risk management and asset-liability management, combined with professional investment management. MEAG manages approximately €186 billion worth of assets on behalf of Munich Re, the world’s largest reinsurance group.
