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CHFL indirectly provides insurance, lending, riskmanagement, and other financialservices through its stakes in: Cholamandalam Investment and Finance Company Ltd. Cholamandalam MS RiskServices Ltd. Cholamandalam MS General Insurance Company Ltd.
BITTERLY MICHELL: … riskmanagement. I’m sure you remember this as well in terms of the bond market, whether you were looking at structured products, bonds, this idea that, hey, it’s issued by this bank, that bank, well-known diversified financialservices institution. I’m talking about diversified financialservices.
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You saw it in the financialservices sector. In 2006, ’07, ’08, you saw the financial crisis. We find great management teams. So we operate from a board level and really focus on key strategic and riskmanagement variables. There’s some like riskmanagement things that you always need to be mindful of.
clean drinking water, sewers, sanitation, transport, energy); access to essential services (e.g., In addition, we conduct ESG riskmanagement and sustainable opportunity assessments at the issuer level, where we look to see how the use of proceeds fits into the issuer’s overarching strategy and capital expenditure planning.
clean drinking water, sewers, sanitation, transport, energy); access to essential services (e.g., In addition, we conduct ESG riskmanagement and sustainable opportunity assessments at the issuer level, where we look to see how the use of proceeds fits into the issuer’s overarching strategy and capital expenditure planning.
SEIDES: Yeah, well, it’s a huge problem and it’s an intractable problem because of the way incentive systems work in the asset management industry, everyone across the food chain of capital is reporting to somebody else. And through that reporting, people have to generate performance.
Their mainstay financialservices practice, which was banking and equities, fell off a cliff. Think of these guys that we work with as, I don’t know, the biggest franchise owners of, you know, those fast food chains in the space. And you basically could just sort of do fine with very lazy riskmanagement.
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