february
2009
from the editor
PROFESSIONAL
Advancing the Risk Profession
Editor-in-Chief
Jeffrey Kutler
jeff.kutler@garp.com
Executive Editor
Robert Sales
robert.sales@garp.com
Design Director
JC Suares
jcsuares@nyc.rr.com
Risk Professional Editorial Board
Dr. Peter Tufano
The Sylvan C. Coleman Professor of Financial
Management, Harvard Business School
Aaron Brown
AQR Capital Management
Tim Davies
Lloyds TSB Bank
Mike Gorham
Stuart Graduate School of Business
David Lee
UBS Global Asset Management
Peter Manning
VTB Bank Europe
Professor Robert Merton
Harvard Business School
Dr. Joe Pimbley
Duff & Phelps
Riccardo Rebonato
RBS
David Rowe
SunGard Trading & Risk Systems
Peruvemba Satish
DKR Capital
David Shimko
Risk Capital Management Partners
Victor Yan
Standard Chartered Bank
A Fresh Start
Published six times a year for almost eight years by the Global Association of
Risk Professionals, the GARP Risk Review has become a familiar presence in the
community so ably served by GARP and its global, standard-setting certifica-
tion mission. The GRR established itself as an independent voice and indis-
pensible resource for rigorous inquiry on the risk discipline and for exchanges
of views among practitioners. As turmoil has swept the global economy and
financial markets, GRR has stepped up with timely analyses of the breakdown
of tried-and-true assumptions and with examinations of the state of the risk
profession.
Senior Vice President, Publisher
David S. Greenough
david.greenough@garp.com
Director, Global Advertising and Business Development
Michael Simone
michael.simone@garp.com
Director, Advertising and Event Sales, Europe & Asia
Andreas Simou
andreas.simou@garp.com
Global Head of Marketing and Business Development
Gregory S. Winsper
Director of Business Development
Craig Collins
Director, Career Center
Mary Jo Roberts
Manufacturing & Distribution
Kristina Jaoude
Production Coordinator
Anne Smith
In view of the marketplace upheavals and in keeping with its expansive view
of the future of risk management, GARP is remaking the Risk Review. The
February 2009 issue will be GRR’s last, though its voice and commitment
will in no way diminish. You are looking at a special preview of the new Risk
Professional magazine, which will take its predecessor’s place effective with the
April 2009 edition. It is emblematic of a more extensive GARP media strat-
egy. Details will be emerging soon at www.garp.com and in e-mails to our
readers about that strategy, aimed at improving and enhancing the way we
engage with and serve readers, in print and online, while raising the quality
and usefulness of the conversations that take place throughout the wider risk
community.
This preview edition provides a glimpse of some new directions Risk Professional
will take – a variety of features and columns on leaders and personalities in
the field and the issues and challenges they face. Take, for example, the cover
story on “The Rise of the Risk Professional,” which documents the growing
stature of risk managers even as they are buffeted by market forces they didn’t
see coming. Look for more of this kind of insight and perspective, starting in
April. As always, we will welcome your feedback and input.
President and CEO
Rich Apostolik
rich.apostolik@garp.com
Chief Operating Officer
Michael B. Nielsen
michael.nielsen@garp.com
Managing Director, Research Center
Christopher Donahue, PhD
Senior Vice President, International Education &
Membership Administration
Kristina Jaoude
Controller
Lily Pan
VP of FRM Certification and Administration
Diane M. Beebe
Jeffrey Kutler
RISK PROFESSIONAL is published six times a year by the Global Association of Risk Professionals. It is circulated to all GARP dues-paying members. If you would like to
subscribe, then please email membership@garp.com. Basic annual rate: $195.00
©2009, Global Association of Risk Professionals, 111 Town Square Place, Suite 1215, Jersey City, NJ 07310. All rights reserved. Reproduction in any form is prohibited without
written permission from GARP. Printed in the United States by RR Donnelly. Subscriptions: London, UK: + 44 207 397 9630 • Jersey City, NJ: + 1 201 719 7210
www.garp.com
FEBRUARY 2009 riSk profeSSional 1
