Jardine Lloyd Thompson (JLT) has announced the appointment of Matthew Strong as Director, Capital Risks, Asia, which, JLT said reinforces its “long-standing commitment to the Asian market and underlines the increasing importance that businesses place on understanding and preparing for political, credit and security risk associated with foreign investment and trade.”
Strong will be based in Singapore and will work closely with JLT’s Hong Kong, Tokyo and Sydney offices. He will take direct responsibility “for developing and leading credit, political and security risk operations throughout Asia Pacific,” said the announcement. “A key part of this role will include enhancing country and credit risk analysis capabilities for corporate clients and supporting existing relationships with the Asian financial community as they seek to meet the increasing demands of Basel II [the banking regulations, which are the standard in the European Community (EC)].”
Strong has over 15 years experience as an insurance broker and has worked on some of the most significant assignments within this area of the market. He noted: “Companies in this region, and their investors and lenders, are leading FDI and trade growth throughout the world, particularly within the emerging markets. This activity is taking place against heightened risk challenges including, the rise of resource nationalism, a marked increase in credit risk in many parts of the world, significant changes in regulatory oversight and a general increase in political risk volatility.
“In this environment there is a real need to deliver credible credit and political risk advice, analysis and where appropriate mitigation, to secure growth and adequately balance risk with return.
Source: Jardine Lloyd Thompson – www.jltgroup.com
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