Malta's APS Bank has expanded its senior management team with the appointment of two heads for the
asset-liability management and compliance functions respectively, the Time of Malta reported online.
MountainView Capital Holdings declared that it has taken over McGuire Performance Solutions, a provider of
asset-liability management services to financial institutions in Scottsdale.
In his new role, he will be responsible for internal controls which promote safeguarding of assets, financial reporting in compliance with GAAP, regulatory requirements, budget and projections, and
asset-liability management.
Prior to that, Kennelly served as a portfolio manager at BankBoston responsible for fixed income investment portfolio management and derivatives hedging as part of the Global Treasury
Asset-Liability Management unit.
With over 25 years of experience in finance, he has a background in accountancy,
asset-liability management and consulting.
Passerine will direct the
asset-liability management and funds transfer pricing functions, while providing leadership and support in the areas of capital and liquidity risk management and profitability analyses.
Fitch's rating actions reflect PFG's strong competitive position in the pension market, diversified and growing sources of profitability, very strong risk-adjusted capitalization, and sound
asset-liability management.
Such factors may include, but are not limited to, demand for advances, business and capital plan adjustments, changes in the bank's management and Board of Directors, regulatory actions or approvals, competitive pressure from other Federal Home Loan Banks and alternative funding sources, accounting adjustments or requirements, interest rate volatility, the bank's ability to maintain adequate capital levels, changes in projected business volumes, our ability to appropriately manage our cost of funds, changes in our membership profile or the withdrawal of one or more large members, the cost-effectiveness of our funding, hedging, and
asset-liability management activities, shifts in demand for our products and consolidated obligations, and general economic conditions.
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Asset-Liability Management of Inflation Risk for Insurers
The survey showed that more than 90% of respondents still use primarily traditional
asset-liability management approaches, such as duration/convexity (93%) and cash flow matching of assets and liabilities (90%), to incorporate liability-side risks into the investment policy process.
In addition, the group generates favorable earnings, has very adequate capitalization and a highly disciplined approach to
asset-liability management.
Such factors may include, but are not limited to, business and capital plan adjustments, changes in the bank's management and Board of Directors, regulatory actions or approvals, competitive pressure from other Federal Home Loan Banks and alternative funding sources, accounting adjustments or requirements, interest rate volatility, the bank's ability to maintain adequate capital levels, changes in projected business volumes, our ability to appropriately manage our cost of funds, changes in our membership profile or the withdrawal of one or more large members, the cost-effectiveness of our funding, hedging, and
asset-liability management activities, shifts in demand for our products and consolidated obligations, and general economic conditions.
