History and Objectives

ALMA was formed in 1992 as a trade association of asset & liability risk management practitioners in leading banks, building societies and other related companies. The Association became a company limited by guarantee on 6 June 2014. The company began trading on 1 November 2014 when it took over the assets of the Association.

 

The Asset and Liability Management Association Limited 

The company currently has members from over 80 UK,  Irish and international institutions. It continues to expand further into Europe with well developed links with AFGAP, a similar body in France.

The company’s primary aims are to provide education and promote awareness of asset and liability risk management issues. It does this through a series of courses, conferences and evening events. At these events, ALMA seeks to promote and share best practice in related risk management techniques and approaches. ALMA provides a deliberately informal forum in which risk management professionals can network and discuss the issues facing the industry and their responses to these challenges. ALMA has fostered a culture of candour and openness to share views on areas as diverse as risk systems strategy, structuring of balance sheets to manage liquidity, credit and capital, experience in e-commerce and strategic business direction.

Advocacy

ALMA is becoming a growing voice on emerging regulatory proposals, forming working groups of leading UK practitioners on such subjects as market risk in the banking book and liquidity risk ratios (LCR/NSFR).

ALMA maintains contacts with the PRA, the EBA, the ECB and the Basel Committee. ALMA also works closely with UK Finance and the EBF.

Education

In 2017, ALMA launched a professional qualification – the CertBALM® a qualification accredited by the Association of Corporate Treasurers.

The association also runs short courses. At present it runs a three day Foundation course, a two day course on Interest Rate Risk in the Banking Book and a two day course on Liquidity and Funding.

Board Members

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Jamie Paris

Chairman

Standard Chartered

David Stunell

Chief Financial Officer

   

Muir Mathieson

Chief Operating Officer

Nationwide Building Society

Chris Blake

Education Director

HSBC

Caroline Clark

Membership Director

Standard Chartered

ALMA Board

ALMA Board

UK ALMA

Past Chairmen

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List of distinguished chairmen, many of whom have been recognised for the service given to ALMA

1993-1994 Peter Hanlon 1995-1996 John Ashenhurst 1997-1998 Peter Goshawk
1999-2000 Mike Walker 2001-2002 Joseph Mariathasan 2003-2004 Chris Clegg
2005-2009 Martyn Hoccum 2010-2012 John Matthews 2013-2017 Colin Johnson