Crisis has revealed necessity of introduction of risk management fundamentals in ArmeniaJune 23, 2010 - 18:06 AMT PanARMENIAN.Net - Co-founder of Ayb club and educational foundation Arthur Berd said that Armenia was lucky that the crisis has not considerably affected the country. However, from the other side, it has affected enough, so that the country starts considering introduction of risk management fundamentals, Berd told journalists in Yerevan. He added that their introduction should proceed in compliance with the local peculiarities, i.e. it is necessary to understand which risks are important for Armenia and manage right them. Arthur Berd noted that the culture of risk management is not developed in Armenian companies, while commercial banks display a good approach. On June 23, Arthur Berd delivered a master class on Risky Business; How to Recognize, Measure and Manage Risk in Finance, Business and Life at the American University of Armenia. Arthur Berd lives in Paris, he manages the macro-option strategies at Capital Fund Management, Inc. (CFM), a leading hedging fund in the world in the systematic investment strategies. In recent years, Arthur Berd held senior positions in such companies as BlueMountain Capital Management, Lehman Brothers and Goldman Sachs Asset Management. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. Lithuania sending €100,000 to help Armenia fight floods consequences Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. Armenia: Rescue workers restore pedestrian bridge for flood-hit community Rescue workers on Wednesday, June 5 restored a pedestrian bridge in the town of Alaverdi in Armenia’s north. |