The webinar will be chaired by former SPR president Robin Goodchild, who has been involved in risk management throughout the many decades in his career leading research with LaSalle IM, and who is also a visiting professor. Robin will be joined by Gerald (Gerry) Blundell, an SPR Fellow and also ex-LaSalle, amongst others, and the author of various publications on risk including the Risk Web. The Risk Web is still applied within the industry today. Gerry will be talking about how risk management is focused on looking back, using past data, and will cast his critical eye on uncertainty. What happens when there is no data to fall back on?
Blair Cameron from The Risk Partnership will set out what risk is – as views on this can differ – and will argue that taking risk is essential in the everyday life, including in property, and it’s about how it’s managed.
They will be joined by Socrates Coudounaris who has a long-standing background in risk management, works in reinsurance, is heavily involved with the Institute of Risk Management and spends time as a visiting lecturer at The Business School formerly known as Cass. He has learnt many lessons, and will share those with the attendees. After a brief panel discussion they will switch to a Q&A session wherein they will address the questions of the attendees on risk management best or bad practice.
Dr Robin Goodchild is a Honorary Professor at the University of Aberdeen Business School. He was a senior director in LaSalle’s Global Research & Strategy team for 20 years, retiring in 2017. During his career, he was responsible for leading on the firm’s investment strategy in Europe and a member of various investment committees whose approval is required for all debt and equity transactions in the region. He now focuses on his advisory roles with Westminster City Council, an Oxbridge College and the London School of Hygiene & Tropical Medicine, as well as consultancy assignments and maintaining links with academia principally through his honorary chair at the University of Aberdeen Business School. He was appointed an Honorary Fellow of the UK Society of Property Researchers in 2004 and received an Achievement Award from the European Real Estate Society in 2007. He is a past president of both the Cambridge University Land Society and the Society of Property Researchers, as well as being an active member of both RICS and the Investment Property Forum.
Gerald Blundell started in property in 1979, introduced econometric forecasting and performance analysis to the industry. In early 1990s he realised forecasting was really a form of risk analysis and focussed on risk management in institutional property portfolios. Gerald headed European Strategy for LaSalle Investment Management in the early 2000s before retiring to do research into portfolio characteristics and risk. He is now a Fellow of the SPR and sits as an independent member of the Investment Committee of a major pension fund. Gerald is now focussed on the distinction between risk and uncertainty and what to do about it. He also writes the occasional thought piece, the latest of which is 'Risk and Resilience'.
Blair Cameron, originally from New Zealand is a Principal at The Risk Partnership. He has lived and worked in an international context for over 30 years and has seen serious problems up close. His interest and involvement in risk management has been developed via shared experiences with Blue Chip organisations, start-up businesses, complex projects, the British military, State security services and the Police. Taking and managing risk is an essential and inevitable part of life and success. The key questions he ask are how to demystify risk management, how to make it a pragmatic, holistic and positive exercise and how to build resilience against unforeseen problems and events that occur on any personal or commercial journey. In his view, effective risk management is not a ‘tick box’ siloed exercise, rather it is as much about culture and human behaviour as it is about hard systems and metrics. Put simply, better risk management creates better outcomes.
Socrates Coudounaris has served as Chair and Non-Executive Director with 7 years’ experience on the Board of the Institute of Risk Management (UK). Currently he is a Charity Trustee and a visiting lecturer on Operational Risk Management at The Business School (formerly Cass), City University of London (UK) and a frequent speaker at international conferences on Risk Management. He is currently the Head of Risk Oversight (EMEA Region) at Reinsurance Group America, a Fortune 250 company. He has over 20 years’ experience gained across the U.K., Europe, Africa, the Middle East and the UAE in Financial services, Education and Engineering/Energy industries. He is a Certified Fellow of the Institute of Risk Management (UK) and a Fellow of the Chartered Insurance Institute (UK).