Innovations in the financial world have led to the slicing up, repackaging and selling of risks. Does this spread risks better, or just move then around? When companies go bust, it is not the bankers who suffer, but the pensioners. Is this a better place for risks to end up? What determines whether risk is being spread?
Avinash Persaud is the founder and Chairman of Intelligence Capital. Prior to founding Intelligence Capital and the GAM Persaud Investment Funds, he was Head of Global Research at State Street Corporation. Previously, he was Global Head of Currency and Commodity Research at JP Morgan. He held the Mercers' Memorial Chair in Commerce at Gresham College between 2002 and 2005, is a Governor of the London School of Economics and a Trustee, a member of the Board of the Global Association of Risk Professionals and the Chair of the CBC Working Group on investment flows. He is the winner of the Institute of International Finance's Jacques de Larosiere Award in Global Finance and an Amex Bank Award as well as a prolific author.
All of Professor Persaud's previous lectures may be accessed here.