News Risk Management 17 Jan 2018

Institute of Risk Management expands international footprint, including to Asia

| 17 Jan 2018

The London-headquartered Institute of Risk Management (IRM) is expanding its footprint internationally including in Asia. Following an inaugural visit to mainland China last month, it has now appointed its first "ambassadors" in India.

India ambassadors

Mr Sonjai Kumar, CMIRM and Vice President (Business Risk) for Aviva India and Mr Abhishek Paul, IRMCert and Associate VP: Risk and Conduct Assurance at the Royal Bank of Scotland, India, who are based in Gurgaon near the Indian capital of New Delhi, will serve as local experts to help students and professionals seeking a career in the risk profession, through the risk knowledge that IRM imparts and forging local networking groups for sharing of best practice and advice, said the IRM in a statement.

The IRM, which provides globally recognised qualifications and training, publishes research and guidance and set professional standards, currently has around 100 members in India and is keen to develop relationships in the region.

It is also working on a global programme to have representation on every continent, with target markets China, Malaysia and the MENA, said Ms Victoria Robinson, its Head of Marketing & Communications. “We are really keen to develop our networks via regional groups and members and experts in risk management,” she added.

China visit

During the IRM’s visit to China in December, Director of Corporate Relations Ms Carolyn Williams addressed a risk management conference at the Hubei University of Economics in Wuhan. The delegation subsequently visited Suzhou, where IRM Senior Examiner Steven Shackleford has been teaching risk management at the International Business School at Xi'an Jiaotong Liverpool University.

The IRM will be discussing with both universities and potential partners opportunities to open up IRM's global training and education to the Chinese market. While it currently has only “a handful of members” on the mainland, it has been established for much longer in Hong Kong, where students regularly take IRM examinations.

“There is a growing interest in China in how organisations around the world undertake risk management today. China's growth in recent years, both in exporting and investing overseas, and also in developing the provision of public services and consumer goods at home, has been rapid but concerns have also been expressed about issues of health and safety, trust in organisations and products, environmental impact and sustainable development and investment decision-making. Effective risk management can help organisations of all types address these challenges,” said the IRM.

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