An integrated producer spins off a large downstream fabricator business without its risk management capability. The buyer, a financial company, urgently needs the ability to lay off the substantial daily metal and FX risk it now faces. They require experts who have experience launching enterprise wide risk management programs capable of controlling metal and currency exposures. We are engaged to:
After acting on our recommendations, on day one the newly appointed risk manager is able to control inherited and fresh risk exposures with procedures, policies, bridge systems and broker lines. A principal is on site to assist with transactions and continued education of staff and management. A permanent records control system is well under development.