COO Laura Bianco Takes Over As Chief Executive of GARP Following Resignation of CEO Adam Davids

The Global Association of Risk Professionals (GARP) announced an outline of its new corporate governance structure, which will complete its transition back into a not-for-profit organization. In addition, Laura Bianco has been promoted to the position of CEO following the resignation of Adam Davids. Ms. Bianco has been Chief Operating Officer, and will continue to be based in London. Founded in 1996 as an independent industry association representing the risk management community, GARP has grown rapidly and today has over 16,000 members in 90 countries worldwide with Chapters in 24 countries. Under its final structure, GARP will have not-for-profit 501(c)(6) business league parent organization headquartered in New York. An interim Board of Directors will be appointed over the next month pending a vote of the membership in the fourth quarter of 2001. There will be a subsidiary not-for-profit in the United Kingdom to manage GARP’s European business and plans are under way to have a not-for-profit Asian subsidiary as well.


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