Awards for Excellence 2013: Best Risk adviser
Simple solutions for a highly complex market have driven HSBC to the top of the risk advisory ladder, together with an active approach to new regulations and a diversity of business that is hard to beat.
Risk advisory isn’t what it used to be. Sure, clients still have risks that need to be sold or mitigated. They need advisers to help them to find ways do it and to use their balance sheet to finance those means where necessary.
But the risk management industry is becoming increasingly bespoke, rather than product driven. Structuring deals remains at the heart of the business, but structuring is a word the industry does not like to use after the financial crisis, in particular where derivatives might be involved.
The key phrase in risk advisory today is client solutions. And when it comes to helping a broad group of clients solve risk management problems across asset classes, sectors and geographies, no firm is more impressive today than HSBC. The firm has executed advisory roles in around 60 countries over the past year and for clients in more than 100 countries.
The risk management industry sometimes suffers from a perception of being too smart for its own good.