Released on: September 27, 2007, 11:35 pm

Press Release Author: PRMIA

Industry: Financial

Press Release Summary: With more than 2,000 members already recruited, the new PRMIA
Bangalore chapter is quickly becoming an active part of the risk industry. PRMIA
Bangalore is focusing its efforts on research in the areas of risk management and
risk technologies and solutions.

Press Release Body: PRMIA is a fast-growing, collaborative network of risk
professionals from around the globe, defining and implementing the best practices of
risk management. Dr. Satchidananda S Sogala, M.S. (Illinois) Ph.D. (Credit Risk
Quantification), the new chapter's Regional Director, shares his commitment to
advancing the mission of PRMIA in Bangalore, "From its inception, PRMIA Bangalore
has dedicated its efforts to becoming a nucleus for research, which will enable us
to make significant contributions to the risk profession." He adds, "We have
established a highly academic committee to lead our chapter and have been actively
recruiting members to help us achieve our goals."

The core managing committee comprises distinguished academicians from Indian
Institute of Management Bangalore, Professor Ashok Thampy, Head Finance Area,
Professor M S Narasimhan and Professor K V Dinesha and experienced bankers and risk
practioners like Mr. Ned Swarup, Chief Risk Officer, ING Vysya Bank, Mr. C G
Raghavendra, Head Compliance, ING Vysya Mr Partha Bhattacharya, General Manager,
State Bank of India and Mr. L.N.Vasudeva Rao, Regional Manager, Union Bank of
India.

Dr. Satchidananda (sssatchidananda@gmail.com +91 9886408381) is the current head of
Risk Solutions and Research at Hewlett Packard India. He has an M S in Policy
Economics from the University of Illinois at Urbana-Champaign and a Ph.D. in credit
risk quantification. He has 26 years of experience in financial markets and
consulting. Dr. Satchidananda has published over twenty papers and is currently
writing a book on risk management implementation challenges.

Mr Raghu Anantharam, Senior Consultant, Analytics Group, Infosys is the Secretary of
the Chapter. A former commodities trader in Singapore, he is committed to research
and promoting it from Bangalore which is global research hub.

Mr. David Millar, PRMIA Chief Operating Officer, says, "We are pleased to have an
experienced and respected individual like Dr. Satchidananda leading PRMIA in
Bangalore. He is enthusiastic about engaging and promoting research, and we believe
he will do much to further the PRMIA mission."

The Chapter has already organized presentations on Commodities Risk Management and
Risk Adjusted Performance Measurement for the benefit of members. Professor Prakash
Apte, Director of the Indian Institute of Management and a well-known authority on
credit derivatives has agreed to speak on the Role and Use of Credit Default Swaps
in Credit Risk Management during the next meeting of the PRMIA .

Risk management professionals interested in becoming a member of the PRMIA Bangalore
chapter may visit the PRMIA Bangalore Web site at
http://www.prmia.org/Chapter_Pages/Bangalore/. They can also contact the Secretary
of the chapter Mr Raghu (raghu.anantharam@infosys.com).

Formed in January of 2002, PRMIA is a higher standard for risk professionals, with
more than 60 chapters around the world and over 40,000 members from more than 175
countries. A non-profit, member-led association of professionals, PRMIA is dedicated
to advancing the standards of the profession worldwide through the free exchange of
ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRM)
certification program, pursued by over 2,000 active candidates in over 90 countries.
More information can be found at www.PRMIA.org.

Web Site: http://www.prmia.org

Contact Details: #3:2,Third Cross, Sixth Main, N. R. Colony(Near BMS College of
Engineering, on Bull Temple Road)
Bangalore 560019
Phone :+91-80-26619923
Mobile:+91 9886408381
Email : sssatchidananda@gmail.com