Q&A with Nick Silitch, Chief Risk Officer, PRUDENTIAL
What are you most excited about for the future and what can the next generation of risk managers look forward to?
Excitement of seeking to understand the implications of a rapidly changing business landscape...while these issues are not new....and the phenomena of changing business climate is not new....it is our belief that the pace and magnitude of change have increased substantively.
What in your opinion is going to be the biggest challenge for the risk & investment industry as we move forward?
Biggest challenge as we move forward....the same as above...how do we as firms and business models react to evolution/revolution in technology and populations.....in a way that seeks to keep our risk profile within acceptable boundaries...while at the same time allowing for the risks that need to be taken in exploring potential ways that the business models might change.
Your session is titled, ' The evolution of risk and investment management' please can you give us a glimpse into what you will be discussing at the upcoming 3rd annual Buy-Side Risk USA conference?
We will be talking about the evolution of the asset management world ...particularly...the transfer of risk for financial wellness...from individuals to institutions...the implications on buy side institutions....and where we might be going as we look forward...from perspective of strategic evolution.
Longevity/ mortality....technology and reduction of opacity in outcomes...evolution of business models that we invest in....and evolution of the monetary system...and currency infrastructure of the developed world.