execution

execution

Umbrex is pleased to welcome Peter Kovacs.  Peter spent almost nine years in various Strategic, Finance, and Business Unit roles at MUFG Union Bank in California. Prior to that, he spent four years in the FIG practice at McKinsey out of Budapest, Hungary. Since 2016, Peter has been balancing his time with independent consulting both as an individual and leading teams in a variety of engagements primarily for FIG and PE clients, as well as owning and operating several unrelated small businesses in the beauty, health, and wellness space. Peter’s passion is for strategy and execution work in the finance and banking space, but is always open to and excited to broaden his experience in an ever-changing market. He lives in Orange County, California with his wife and three young children and is either in the gym or mountain biking every morning. Peter particularly looks forward to collaborating on projects involving strategy, operations, and / or execution throughout the U.S.

 

Luiz Zorzella shares measures on how to mitigate security breaches through cyber attacks during this crisis. 

The estimated impact of the Coronavirus Crisis continues to be revised up.

Over the past couple of weeks, sequestered trying to minimize the number of fatalities, we have seen economic forecasts being revised, every time painting a more dire scenario.

Goldman Sachs and Morgan Stanley, for example, are forecasting a 24-30% drop for US’ GDP on Q2 and a jump in unemployment to double digits and a Global contraction this year.

The banks have responded. We have seen initiatives from “payment holidays” to suspension of repossessions, to waiving of late fees.

These actions are praiseworthy – especially considering how often banks are seen as slow to respond.

 

Areas explored in this article include:

  • Vigilance on cyber security, risk & compliance
  • Repricing your risk
  • Supporting your customers and stakeholders
  • Reviewing your strategy

 

Read the full article, Crisis? Prepare Your Bank for Battle, on the Amquant website.