PRMIA Bangalore wants to have pointed focus on Research Efforts to Make Impact on Risk Industry

PRLog (Press Release) – Oct 01, 2007 – PRMIA is a fast-growing, collaborative network of risk professionals from around the globe, defining and implementing the best practices of risk management. Dr. Satchidananda S Sogala, M.S. (Illinois) Ph.D. (Credit Risk Quantification),  the new chapter’s Regional Director, shares his commitment to advancing the mission of PRMIA in Bangalore, “From its inception, PRMIA Bangalore has dedicated its efforts to becoming a nucleus for research, which will enable us to make significant contributions to the risk profession.” He adds, “We have established a highly academic committee to lead our chapter and have been actively recruiting members to help us achieve our goals.”

The core managing committee comprises distinguished academicians from Indian Institute of Management Bangalore, Professor Ashok Thampy, Head Finance Area, Professor M S Narasimhan and Professor K V Dinesha and experienced bankers and risk practioners like Mr. Ned Swarup, Chief Risk Officer, ING Vysya Bank, Mr. C G Raghavendra, Head Compliance, ING Vysya Mr Partha Bhattacharya, General Manager, State Bank of India and   Mr. L.N.Vasudeva Rao, Regional Manager, Union Bank of India.

Dr. Satchidananda (sssatchidananda@gmail.com  +91 9886408381) is the current head of Risk Solutions and Research at Hewlett Packard India. He has an M S in Policy Economics from the University of Illinois at Urbana-Champaign and a Ph.D. in credit risk quantification. He has 26 years of experience in financial markets and consulting. Dr. Satchidananda has published over twenty papers and is currently writing a book on risk management implementation challenges.

Mr Raghu Anantharam, Senior Consultant, Analytics Group, Infosys is the Secretary of the Chapter. A former commodities trader in Singapore, he is committed to research and promoting it from Bangalore which is global research hub.

Mr. David Millar, PRMIA Chief Operating Officer, says, “We are pleased to have an experienced and respected individual like Dr. Satchidananda leading PRMIA in Bangalore. He is enthusiastic about engaging and promoting research, and we believe he will do much to further the PRMIA mission.”

The Chapter has already organized presentations on Commodities Risk Management and Risk Adjusted Performance Measurement for the benefit of members. Professor Prakash  Apte, Director of the Indian Institute of Management and a well-known authority on credit derivatives  has agreed to speak on  the Role and Use of Credit Default Swaps  in Credit Risk Management  during the next meeting  of the PRMIA .

Risk management professionals interested in becoming a member of the PRMIA Bangalore chapter may visit the PRMIA Bangalore Web site at http://www.prmia.org/Chapter_Pages/Bangalore/. They can also contact the Secretary of the chapter  Mr Raghu (raghu.anantharam@infosys.com).

Formed in January of 2002, PRMIA is a higher standard for risk professionals, with more than 60 chapters around the world and over 40,000 members from more than 175 countries. A non-profit, member-led association of professionals, PRMIA is dedicated to advancing the standards of the profession worldwide through the free exchange of ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRM) certification program, pursued by over 2,000 active candidates in over 90 countries. More information can be found at www.PRMIA.org.