Will Goodhart: Fiduciaries need to get to grips with unmeasurable risk

Need to reconsider geopolitical risk

The Russia-Ukraine crisis has hammered home that fiduciaries need to come to terms with unmeasurable risk and consider geopolitical issues said Will Goodhart, chief executive of CFA UK, in an interview with Investment Week.

In the weeks following Russia's invasion of Ukraine there has been swift and vast developments that have impacted investment firms and trustees. Indeed, the introduction of stringent sanctions and the closing of the Russian market has led to fund suspensions and proclamations from firms about their Russian investments and what they plan to do with them. According to Goodhart, all this has reminded the investment industry of  "the reality of political risk and that perhaps that political risk can be more significant and realised more frequently than it has in the past," the CEO said. ...