Skip to main content

Lecturer Shares Top Award With Nobel Prize Winner

Professor Carol Alexander, Chair of Risk Management and Director of Research at the ICMA Centre, has won the Professional Risk Managers' International Association Higher Standard award for her contribution to the practise of risk management globally.

She shares this year's award with Dr Robert Merton, who won the Nobel Prize for Economics in 1997.

David Koenig, Executive Director of PRMIA, said: "In a recent tally, the Board members of the Professional Risk Managers' International Association and the Regional Directors from our sixty chapters around the world selected two international leaders to be honoured as the inaugural recipients of the PRMIA Higher Standard Award.

"The PRMIA Higher Standard award is granted to individuals who have significantly impacted the global practice of risk management, provided a substantial contribution to the Mission of PRMIA and its members, and who show an ongoing commitment to the highest standards of the profession.

"Professor Alexander's selection for this award was made from over one dozen nominees, all of whom you would recognize from their outstanding work.

"Her leadership of the Academic Advisory Council, and in particular, her incredible dedication to the creation of the Professional Risk Managers' Handbook has earned her even greater respect from our leadership, building upon her already well-established reputation in our industry.

"The PRM Handbook is now used in over 105 countries and at nearly every major financial institution. It is no doubt that her work has had a global impact on the advancement of understanding of finance and risk management and has been especially helpful to our association's members."

Professor Alexander said: "I am honoured to accept this award in recognition of my work on setting standards for the financial risk management profession, and helping individuals achieve the required standard. A proper education in risk management is hugely important to development not only of the individual, but of the company and the whole economy. PRMIA's mission is to make such education accessible globally and it is a great pleasure to help them achieve this goal."

Published 8 December 2006

You might also like

ICMA Centre PhD student wins best student paper at Principles for Responsible Investment Conference

10 September 2015

ICMA Centre students to visit Tsinghua University for Summer Program 2016

24 June 2016
Three masters in finance students at the ICMA Centre have been awarded scholarships to take part in a summer exchange program with China’s PBC School of Finance, Tsinghua University.

Article 50: The end of safe havens for investors?

29 March 2017
A lot is being written in the daily press about the immediate financial consequences of the triggering of Article 50. Depending on which source you use and at what time of the day a short piece has been written and posted online, the sterling seems to be rocketing or plummeting, retreating or correcting from a steep drop. The narrative is similar when people are trying to connect Article 50 with the current path of the FTSE 100 or when contemplating on the immediate implications for businesses in the UK. Most of this is just clutter.