South: Control Risks and Oxford Economics join forces for global risk analysis

Control Risks and Oxford Economics have entered into a joint venture that will bridge the worlds of geopolitics and macroeconomics to address the increasingly-complex set of risks confronting international organisations.

The joint venture brings together the two firms’ extensive experience, expertise and global networks to create the analytical tools and bespoke consultancy that companies need to navigate today’s evolving risk landscape. The terrain is complex - global markets are interdependent, companies are interconnected, and risks are accelerated through digital technology.

Of the new venture, Richard Fenning, CEO Controls Risks, said: “By combining the political acumen of Control Risks’ worldwide network of specialists with the analytical expertise of Oxford Economics’ unparalleled team of economists, we will be able to provide the timely political and economic insights that companies need to succeed in today’s complex marketplace.”

The partnership brings together market leaders in political and economic analysis. Control Risks has 40 years of experience in political, security and integrity risk management. Oxford Economics offers world-class global forecasting and modelling capabilities on 200 countries, 100 industries and 3,000 cities. By coming together, the two firms will provide the most complete risk analysis in the market,  examining the full range of complex risks, including political, economic, financial, industrial, operational, security, regulatory, reputational, labour, infrastructure and Cyber Security.

“To help organisations make more informed decisions in an increasingly-uncertain business environment, our advanced globally integrated economic model will enable us to not only analyse political, economic and regulatory risks under alternative scenarios, but also forecast and assess the likely impacts across different markets,” commented Adrian Cooper, CEO of Oxford Economics.

The political actions of countries clearly affect international trade and monetary flows, which in turn disrupt the global economy and business environment. The current conflict between Russia and Ukraine shows the inseparability of politics and economics: sanctions and trade restrictions have made Russia and companies with business there the biggest losers.

As a consequence, companies are seeking more advanced risk management tools to help identify, anticipate, monitor, and assess these new emerging risks and how they relate to each other.  The shared goal of the joint venture is to develop better predictive models for anticipating emerging risks and stress testing vulnerabilities.