Chief risk officer at the World Bank Group, Lakshmi Shyam-Sunder, says the extreme uncertainty of the global economy requires a new risk management framework and investors should not take anything for granted in scenario planning.
The PRI will announce the winners of its inaugural awards in September. The awards are one of two new initiatives aimed at showcasing leadership and increasing accountability as part of its Blueprint for responsible investment.
David Veal, CIO of the $3 billion City of Austin Employees Retirement System, discussed private equity, managing strategic relationships, internalisation and adopting Norwegian investment beliefs at a recent Fiduciary Investors Symposium.
The impact of inequality, the skills gap in employment, looming cyber risks and the fragility in Europe makes the chiefs of five financial services firms wary about the outlook for the global economy, delegates at the Milken Institute Global Conference heard.