Cultural Missteps All areas of the globe are covered by our seasoned team of subject matter experts, national security advisors, consultants, analysts, investigators, and in-field agents. The EY survey last year on bank risk management noted that chief risk officers may be underestimating the potency of political change (with) only about half viewing (geo)political risks as among the most important emerging risks over a five-year horizon this is down from 60% in our last survey in 2019. Prudent geopolitical risk management also requires understanding how to deal with issues that cross borders. Many companies, both financial and non-financial, were caught off guard, despite Putin having telegraphed his intentions for months in advance. Geopolitical events can manifest themselves in many ways. Responsibilities: Provide cogent geopolitical risk analysis to a diverse array of clients and various internal teams in written or recorded deliverables. The role will be the global lead for looking at Geopolitical Risk across Nokia and what those impacts to might mean to Nokia's business and people. Something went wrong. Putting politics first since 1998. ), policy decisions (limits to foreign direct investment, tolerance of corrupt elites, etc.) We hosted our 6th annual Top 10 Geopolitical Risks event today with KPMG global alliance partner, Eurasia Group, and we highlighted the relevance of the risks strategy. Internationally it poses increasing management challenges, particularly at board level. 2023 Kroll, LLC. [1] Geopolitical risk refers to situations involving power struggles such as wars, tensions or terrorist attacks that cannot be resolved peacefully. The most successful opportunists carefully monitor any situation that may, at first glance, appear to be a threat. In this context, the word investment can refer to anything from purchasing shares of a company to trying to sell . But in the age of instant information, the story a company tells about itself in one market wont stay there. 5. for political and security risk firms that sell their services or analysis to client companies (e.g. Holistic-risk evaluators have the most highly developed geopolitical risk management operations. Sydney Olympic Park NSW 2127 . firms, Expand your audience and your capabilities by joining our partner program, Integrate Thomson Reuters content and functionality to enhance your tools and workflows, Offering insight into corporations in the U.S. and abroad, Insights on issues concerning environmental, social, and governance topics, A look into the inner workings of government and the courts, Legal coverage focusing on the business and practice of law, Featuring an expanded insight into the world of tax professionals, Technology and innovation resource center, Exploring how technology and innovation will influence the evolution of future services, About Thomson As the former Intel CEO Andy Grove famously put it, Only the paranoid survive. Adept & highly organized self-stater. The Company: International Consulting Company is a global consulting firm based in Hong Kong. The ability to proactively navigate turbulence can mean the difference between prospering through a crisis or falling victim. Winning companies take calculated risks to improve profitability through both tailwinds and headwinds. The Volatility and Risk Institute has embarked on a study of geopolitical risk and its relation to financial risks. accounting technology, guidance, and expertise, Let us help you solve the dynamics of geopolitical risk the complex interactions of multiple actors (both state and non-state) that develop either slowly or rapidly across international borders and markets. 2023 Geopolitical Outlook . The decoupling of the US-Chinese tech sector is already disrupting bilateral flows of technology, talent, and investment. Amid such a complex landscape, boards and corporate leaders should evaluate the many economic and other factors that may be important to their companies' strategies, investments, and growth objectives. Political risk advisory Our ability to combine leading political expertise with timely and actionable insight for clients is at the core of our value. Governments can confiscate assets, nationalize property, breach contracts, impose embargos or prohibit trade with specific countries. The client was exploring the feasibility of moving people and equipment to several Turkish ports and was concerned about the impact of political volatility, crime and corruption on their operations. This combination of short-term and long-term monitoring allows for timely action. Companies also have been attempting to measure the impact of their lobbying efforts on governments, such as by benchmarking the success of their advocacy compared with that of their industry peers or estimating potential cost savings. Idiosyncratic geopolitical riskconstructed using the transcripts of firms' earnings calls, and Goldman Sachs, meanwhile, which in February disclosed that its Russian exposure was $650 million, said it had suffered a net loss of about $300 million on investments in Russia and Ukraine. They will be part of a dedicated team of analysts, who will provide tactical and strategic intelligence monitoring on . I would like to see us preserve the benefits of deep economic integration with China, not going to a bipolar world, but clearly thats a danger that we need to address.. Integrated solutions - consulting, risk management and broking - to help organizations prevent and protect against interlinked geopolitical risks. Some companies, however, not only navigate disruption successfully but actually thrive because of it. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence (if different), and our use of cookies as described in our Cookie Policy. Designed for pro-active corporate security teams with granular forecasts and location specific risk analysis for 211 geographies. Our geopolitical risk intelligence solutions provide end-to-end coverage of political, violent, sovereign, banking and investment risk worldwide. Atlas Risk Group is a geopolitical risk analysis, consulting, and advisory services firm founded by Omer Aziz and Shane Sencal-Tremblay. Creating short-term, midterm, and long-term response strategies ensures that a company can not only handle a fast-changing situation or emergency but also make the investments needed to seize opportunities and become more resilient. Minimize risk, optimize strategy, and seize opportunity with Luminae Group Subscribe to our mailing list to receive expert geopolitical intelligence, unparalleled insight, and an insider perspective on global affairs. Boston Consulting Group is an Equal Opportunity Employer. "arrows": false, The degree to which banks systematically analyze political risks varies across the industry. Not engaging in such discussions in the current geopolitical context would be malpractice. Stakeholder and Influence Mapping We provide objective and detailed standardized and bespoke risk assessments to companies, investor groups and governments in Africa, Asia, the Middle East and Latin America. FS firms need to be agile and resilient to thrive. Systemic-risk managers adopt a primarily defensive position, focusing on protecting their businesses from the downsides of change. Any investment in taxable fixed-income securities is subject to certain risks, including credit risk, interest-rate risk, foreign risk, and currency risk. Because the company sells its products almost everywhere, problems that pop up in one country often may have already been solved in another. Note: Political risk consulting firms specializing in analyzing the business risk presented by the political environment in a region or country--including but not limited to regulatory risk in particular sectors, risks of appropriation or nationalization, and broader geopolitical risks. Boston Consulting Group 2023. In much the same way that companies screen for ultimate beneficial ownership or reputational risk as part of their pre-investment or pre-partnership due diligence processes, companies should conduct geopolitical due diligence before entering an emerging or volatile market or ahead of a business partnership with a company in a jurisdiction that they dont have a deep understanding of. In the aftermath of the US presidential election, CFOs appeared very optimisticwith that quarter's survey registering the sharpest uptick in sentiment in its seven-year history. Discussions can focus on three risk areas: brand and reputation; operational issues, such as cybersecurity strategy; and products, services, and partnerships. Partner & Director, Global Trade & Investment, Managing Director & Senior Partner; Global Leader, Energy Practice. The 16th edition of the Global Risks Report, published by the World Economic Forum with support from Marsh McLennan, highlights the disruptive implications of major risks, including the COVID-19 pandemic, that may reshape our world in 2021 and over the next decade. Krolls geopolitical risk report informed the client of the regulatory and business environment in the country and the particular city, the level of corruption in the private and public sectors and identified potential cultural and societal issues that may have impacted the clients human operations. 5-minute read. Utilize our expert insight and data to get risk scores tailored to your specific metrics, Benchmarking, Pricing and Aggregation, and Scenario Analysis | Eurasia Group is the world's leading global political risk research and consulting firm. This website uses cookies. As political frictions inside and among regions heat up, the likelihood increases that they will affect a global enterprises operations, performance, or people. Stratfor Worldview is the world's leading geopolitical intelligence platform. These organizations take many forms. There are no reliable historical streams of data that one can easily plug into a model. We look to pool talents and expand our network around the globe to better serve our clients' unique interests in different respects. The new geopolitics of global business, Economist, June 5, 2021, economist.com. Integrate geopolitical signals and risk assessment into strategic-planning processes and define actionable strategies to both protect the business and take advantage of emerging opportunities. Nascent-risk managers use an almost entirely defensive strategy, with minimal organization and processes. A large organization is likely to have stakeholders with differing cultural reference points and opinions on issues such as human rights and privacy. In a world where nationalistic sentiments are on the rise, no country dominates, and regulations and standards are fragmenting, such situations are bound to accelerate. Company sells its products almost everywhere, problems that pop up in one market wont there! 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