Barrie & Hibbert claims Risk Management Award
Last updated 16th June 2011 - Barrie & Hibbert has been awarded the title of Best Risk Management Agent by Financial News Awards for Excellence in Investor Service, Europe 2011
Already well known in the insurance industry, risk modelling solutions provider Barrie & Hibbert is making waves in the UK and European pensions and asset management market. The company impressed the judges of the Financial News Awards for Excellence in Investor Service, Europe 2011 for it to win the title of Best Risk Management Agent.
A panel made up of distinguished industry practitioners voted on the nominees in each category on the basis of which firms within European operations, had in their view achieved the greatest success in their sector over the past year.
Among those shortlisted for the award were: FinAnalytica; Mercer Investment Consulting; Ortec Finance; and Redington. However, having secured an average score of 4.1 out of a possible 5 marks – 0.6 marks higher than runner-up Redington – Barrie & Hibbert claimed the title.*
According to Andrew Barrie, founding director of Barrie & Hibbert, pension funds and asset managers are changing their focus and adopting a new and more sophisticated risk management approach. “At one time,” says Barrie, “the short-term focus was on performance against benchmarks, but now attention is turning to issues concerning balance sheet risk, instruments for managing risk and hedging, buyouts and enhanced transfer values. The pensions sector has had to move quite quickly towards having the right models to answer those questions.
“One of the biggest challenges for the asset management industry is how smaller institutions can gain the advice and risk management expertise that the bigger companies can afford. For that reason, Barrie & Hibbert is extending its partnerships with other organisations to help support pension funds and smaller firms”.
* Full details of the awards can be found at:http://www.efinancialnewsevents.com/award/isawards2011/
