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Lecturer shares top award with Nobel prize winner – University of Reading

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Lecturer shares top award with Nobel prize winner

Release Date 07 December 2006

A University of Reading lecturer has won a prestigious risk management award.

Professor Carol Alexander, Chair of Risk Management and Director of Research at the ICMA Centre business school, has won the Professional Risk Managers' International Association Higher Standard award for her contribution to the practice of risk management globally.

She shares this year's award with Dr Robert Merton, who won the Nobel Prize for Economics in 1997.

David Koenig, Executive Director of PRMIA, said: "In a recent tally, the Board members of the Professional Risk Managers' International Association and the Regional Directors from our sixty chapters around the world selected two international leaders to be honoured as the inaugural recipients of the PRMIA Higher Standard Award.

"The PRMIA Higher Standard award is granted to individuals who have significantly impacted the global practice of risk management, provided a substantial contribution to the Mission of PRMIA and its members, and who show an ongoing commitment to the highest standards of the profession.

"Professor Alexander's selection for this award was made from over one dozen nominees, all of whom you would recognize from their outstanding work.

"Her leadership of the Academic Advisory Council, and in particular, her incredible dedication to the creation of the Professional Risk Managers' Handbook has earned her even greater respect from our leadership, building upon her already well-established reputation in our industry.

"The PRM Handbook is now used in over 105 countries and at nearly every major financial institution. It is no doubt that her work has had a global impact on the advancement of understanding of finance and risk management and has been especially helpful to our association's members."

Professor Alexander said: "I am honoured to accept this award in recognition of my work on setting standards for the financial risk management profession, and helping individuals achieve the required standard. A proper education in risk management is hugely important to development not only of the individual, but of the company and the whole economy. PRMIA's mission is to make such education accessible globally and it is a great pleasure to help them achieve this goal."

ends

Media contact: Lucy Ferguson, senior press officer

0118 378 7388

L.Ferguson@reading.ac.uk

More information about ICMA:

The International Capital Market Association (ICMA) is the self-regulatory organisation and trade association for the international securities market. Its primary role is to oversee the fast-changing marketplace through the issuing of rules and recommendations relating to trading and settlement practices. ICMA currently has over 400 members in almost 50 countries and has a proven track record in representing their interests. In addition to its regulatory role, ICMA also provides its member firms - and other users - with a range of services, products and support.

About the University of Reading:

The University of Reading is one of the foremost research-led universities in the UK. Founded in the nineteenth century and gaining a Royal Charter in 1926, we offer a wide range of programmes from the pure and applied sciences to languages, social sciences and fine art. New research and the latest thinking continually feed into undergraduate teaching, with our academic staff working at the forefront of their fields of expertise.

More about PRMIA:

PRMIA is a non-profit professional association offering a vast array of resources to its members, including:

Local Chapter Network – Over 200 meetings each year are offered through local PRMIA chapters giving you access to the best practices of the global risk profession and to a local network of your colleagues.

The PRM Certification – Endorsed by leading universities and businesses, the PRM certification is the global standard for financial risk managers and is offered in 140 countries.

The PRMIA C-Suite – Over 1,500 C-Level officers and their direct reports belong to the PRMIA C-Suite and have access to governance resources, boardroom roundtables and a network of peers defining the best practices of risk management.

Online Resources – PRMIA members have access to a wealth of online resources including ROSE, our proprietary Risk Online Search Engine, the PRMIA Links Network, a Jobs Board with hundreds of risk management job openings in dozens of countries, links to past presentations and papers and much more

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