“Much needed, practical and very readable. This excellent book will be welcomed by those with business in emerging markets and especially by banks operating in these risk challenging environments.”
Tony Jennings, Senior Advisor, Bank Training Centre, World Bank Group Mekong Region
“This book offers a refreshing approach to the appreciation of risk management. Carl is to be congratulated for his practical and novel approach to the subject – an essential read for all students.”
Professor Joseph Nellis, Head of Economics Group, Cranfield School of Management
“Carl’s lively, comprehensive and refreshingly readable book is built on his extensive practical experience in emerging markets banking. It is characterised by easily understood explanations of the technical concepts, as well as real-life insights and examples, from the Titanic to Thailand, that will often prompt a wry nod of recognition. This is essential reading for positive-minded risk managers in changing markets, whether emerging or developed.”
Mick Green, General Manager, Retail Risk, ANZ Banking Group
“There can scarcely have been two more salient concerns for senior managers in multi-national companies over recent years than the management of risk and the exploitation of emerging markets. Carl’s text not only provides a comprehensive introduction to the subject of risk management but also shows how the principles of risk management can, and indeed should be extended to exploiting opportunities in emerging markets.”
Ian Turner, Director of Graduate Business Studies, Henley Management College
“In Risk Management in Emerging Markets Carl very clearly helps the reader understand the nature of the unique risks encountered in emerging markets and discusses a variety of methods for managing such risks in a clear and accessible way. The book captures significant practical experience in a field and markets that risk managers can no longer afford to ignore.”
Michael Frow,Chief Executive Office, Harris Trust Bank
The phrase emerging markets is one that has entered general use over the last 5-10 years. Equally the word risk has become more and more commonplace as a quick glance through any daily paper will reveal yet few people think consciously about risk as a subject and even less about risk management. Both these subjects are defined and explained in this book which addresses it from the point of view of the business manager operating in or dealing with emerging markets. This book is not about short term investing in emerging stock markets but in long term real assets and thus fills a gap in the market not addressed unitl now.
As the world has developed and the pace of change has accelerated risk and emerging markets have become closely entwined. Emerging markets offer many opportunities as developed markets reach maturity, growth slows and margins come under pressure. What better then than to leap into the fast growing markets of Asia or Latin America?
As many companies have found out turning opportunities into profitable growth in such economies is not that easy. In recent years it has become more difficult and the prospects are that this will continue to be the case. As a result of failing to understand the markets they were entering, the risks they faced or how to mitigate those risks many have overextended themselves and gone out of business or, at best, had to retreat at some cost.
This book addresses all these issues starting with the basic concepts of risk and risk management, through describing the aspects of emerging markets that make them different to how to address risk in such situations to improve the probability of success.
There can be no guarantees in the volatile world we operate in especially when doing business in emerging markets but it is better to enter that cauldron with eyes open and some safety nets that will help you when, almost inevitably, something unexpected happens. This book is intended to open your eyes and provide ideas as to how to put those safety nets in place. Forewarned is forearmed.
Can you afford not to know more about risk and how to deal with it effectively?
From the Back Cover
“Much needed, practical and very readable. This excellent book will be welcomed by those with business in emerging markets and especially by banks operating in these risk challenging environments.”
Tony Jennings, Senior Advisor, Bank Training Centre, World Bank Group Mekong Region
“This book offers a refreshing approach to the appreciation of risk management. Carl is to be congratulated for his practical and novel approach to the subject – an essential read for all students.”
Professor Joseph Nellis, Head of Economics Group, Cranfield School of Management
“Carl’s lively, comprehensive and refreshingly readable book is built on his extensive practical experience in emerging markets banking. It is characterised by easily understood explanations of the technical concepts, as well as real-life insights and examples, from the Titanic to Thailand, that will often prompt a wry nod of recognition. This is essential reading for positive-minded risk managers in changing markets, whether emerging or developed.”
Mick Green, General Manager, Retail Risk, ANZ Banking Group
“There can scarcely have been two more salient concerns for senior managers in multi-national companies over recent years than the management of risk and the exploitation of emerging markets. Carl’s text not only provides a comprehensive introduction to the subject of risk management but also shows how the principles of risk management can, and indeed should be extended to exploiting opportunities in emerging markets.”
Ian Turner, Director of Graduate Business Studies, Henley Management College
“In Risk Management in Emerging Markets Carl very clearly helps the reader understand the nature of the unique risks encountered in emerging markets and discusses a variety of methods for managing such risks in a clear and accessible way. The book captures significant practical experience in a field and markets that risk managers can no longer afford to ignore.”
Michael Frow,Chief Executive Office, Harris Trust Bank
Understanding risk and being able to manage it effectively are critical success factors for all managers. In today’s fast changing business arena, can you afford not to know more about risk and risk management techniques whatever your position and wherever you work?
It is vital that all managers understand the basics of risk and have the skills that can help identify, measure and manage risks. Risk Management in Emerging Markets provides a thorough grounding in the basics of risk management, and looks in-depth at how things do and don’t work in practice in emerging markets.
About the Author
Carl Olsson is a Londonbased banker, and is currently a senior manager in the global risk management function for Standard Chartered Bank, a leading emerging markets bank. Prior to taking up this role, he lived and worked for nearly 20 years in emerging markets in the Middle East, India and Asia where he worked with many corporate clients facing the challenge of doing business in emerging markets. In addition to a degree in Economics from Cambridge, he has completed professional banking exams and more recently an MBA from Henley Management College.
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