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.

Infographic of what ALMA does

The Asset and Liability Management Association Limited 

The company currently has members from over 100 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, a two day course on Liquidity and Funding and a half day Climate Change course.

Board Members

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Chris Blake

Co-Chair, Education Strategy & Content

HSBC

Justin Fox
Justin Fox

Co-Chair

Virgin Money

Karen Moss
Karen Moss

Chief Financial & Operating Officer

Moody’s  

Aisling Coleman
Aisling Coleman

Barclays Bank

Pat Coleman
Pat Coleman

Education - International Development

Bank of Ireland

Jane Grundy
Jane Grundy

Membership Services (Comms)

Yorkshire Building Society

Travolta Mohan
Travolta Mohan

Membership Services (D&I)

Tide

Charlotte Newton
Charlotte Newton

Marketing and Events

Leeds Building Society

Kate Williams
Kate Williams

Aldermore

Iain Sheppard
Iain Sheppard

Membership Services (Advocacy)

Santander UK

Martin Ward
Martin Ward

Marketing and Events

One Savings Bank

Matthias Bergner

Standard Chartered

Mitesh Tailor

Nationwide

John Cummins

President

Past Chairs of ALMA

1993 - 1994Peter Hanlon1995 - 1996John Ashenhurst
1997 - 1998Peter Goshawk1999 - 2000Mike Walker
2001 - 2002Joseph Mariathasan2003 - 2004Chris Clegg
2005 - 2009Martyn Hoccom2010 - 2012John Matthews
2013 - 2017Colin Johnson2018 - 2020Jamie Paris
2021 - 2022Charles Wood and Chris Blake2023 - Chris Blake and Justin Fox