Identifying and Managing the Financial Risks of Climate Change

Alessia Falsarone is Managing Director, Portfolio Strategy and Risk, Head of Sustainable Investing DMFI at PineBridge Investments, a global asset manager based in New York. Prior to joining the firm’s predecessor entity, AIG Investments, in 2007, Alessia spent over a decade in investment and banking roles at Citigroup and Credit Suisse in Europe, the US and Asia.

A fellow of the Aspen Institute’s Business and Society Program, she is an advisor to the London Stock Exchange Green Segment with focus on financial markets’ participation in building environmental resilience and promoting climate risk practices. Alessia is an alumna of Stanford University and the MIT Sloan School of Business.

Randeep Buttar is the founder of Compliance as a Service. A RegTech company specialising in compliance technology. Randeep has over 15 years’ experience delivering service, people, process, data and technology capabilities across multiple sectors. He has held senior change leadership posts across multiple sectors including financial services, legal, oil and energy. He has led regulatory initiatives for market leading firms including Euroclear, Deutsche Bank, Linklaters and BP.

He was responsible for group-wide BCBS 239 (Risk Data Aggregation and Risk Reporting) compliance at HSBC and is now responsible for data management and data controls for the Basel 3 reforms. As a founder, Randeep is a motivated advocate of enhanced RegTech solutions and encourages an ecosystem which aims to bring the regulated and the regulators closer together.

Randeep is also the Deputy Chair for the Chartered Institute of Securities and Investments Fintech Committee.

Federica joined Barclays in 2017 as Lead Developer for Stress Testing on the Retail portfolio after eight years spent in financial services across Italy and UK and a double Master in Economics and Finance.

In 2019 she transitioned to the validation space where was appointed Head of Scenario Expansion and Reverse Stress; thanks to this role she gained great insight of large model frameworks critical for the Bank as well as exposure to Senior stakeholders.

In 2021 her scope expanded to the validation of Climate risk models used for regulatory Stress Test or adopted to monitor Barclays carbon emissions as part of the 2050 net-zero commitment.

Being keen on transformative processes, she is leading an initiative that brings together all the skills – consolidating academia and business practices – to formulate responses to challenges arising from the evolution of climate risk management and modelling.

As a well-being advocate, she cultivates a number of passions among which, reading, travelling, art and running.

James is an accomplished financial services risk and treasury practitioner with over 20 years’ experience of building tools and processes, and using them to motivate balance sheet and risk profile changes.  He led Risk Analytics, Credit Portfolio Risk Management and Liquidity Modelling teams in a major UK bank, before joining Baringa Partners to lead their Risk Advisory practice.  James now works with a wide range of FS clients to support them in understanding and delivering strategic change to their risk management capabilities.  Bringing together Baringa’s Energy and FS capabilities, James has increasingly worked with UK banks and insurers to support them in building climate change risk management capabilities.

Paul is a Risk Management specialist with almost  20 years investment banking experience, including most recently as the Global Head of Traded Risk Analytics at HSBC. In this role, Paul was responsible for and had oversight over the Traded Risk and Stress Testing models used by the firm. More recently, Paul has been focussing on Sustainability and Climate Risk and the corresponding implications this has on finance and risk management.

In a time before risk management, Paul would have been labelled a physicist, having received a DPhil specialising in the behaviour of dense, low temperature plasmas.