Global Association of Risk Professionals Announces Successful Launch of First Energy Risk Management Certification Program

MORE THAN 225 ENERGY PROFESSIONALS EXPECTED TO TAKE THE ERP CERTIFICATION EXAM IN OCTOBER

NEW YORK and LONDON, Sept. 21 /PRNewswire/ -- The Global Association of Risk Professionals (GARP, www.garp.org) announced today that its first Energy Risk Professional (ERP(TM)) certification program registered over 225 candidates as of the close of its standard registration period ended August 31, 2009.

This initial registration exceeds the Association's initial registration for its Financial Risk Manager (FRM(R)) certification exam, which in 1997, first registered 108 exam candidates. The Association recently announced that its Financial Risk Manager (FRM) program, now in its 13th year, registered nearly 23,000 certification candidates as of the close of the same standard registration period this year. Given the ERP is a more specialized risk management program, the association is extremely pleased with the positive initial response to this new professional designation.

The ERP was established to set a globally recognized method of measurement of an energy risk professional's ability to manage risk in a real-world environment, across diverse energy areas and financial marketplaces.

Richard Apostolik, Global Association of Risk Professional's President and CEO, said, "We are very pleased with the initial response to our new Energy Risk Professional (ERP)(TM) certification program. As worldwide demand for energy continues to dramatically increase, so will the need for properly trained managers with a practical understanding of the energy industry and the risks associated with its various products. As our FRM certification program has become the globally recognized benchmark for competency in financial risk management, so do we fully expect the ERP to become the gold standard for risk professionals in the energy industry."

The ERP Exam will initially be offered electronically during a one week period, starting Monday, October 19th through Saturday, October 24, 2009.

The Global Association of Risk Professionals, (GARP, www.garp.org) and the American Petroleum Institute (API, www.api.org) launched GARP's Energy Risk Professional (ERP) certification program. Created with direct input from leading energy risk experts and practitioners from around the world, the program is designed to comprehensively measure an energy risk professional's ability to manage risk in a real-world environment across diverse energy areas as well as financial marketplaces.

About The Global Association of Risk Professionals

The Global Association of Risk Professionals (GARP) is a not-for-profit independent association of over 100,000 risk management practitioners and researchers representing banks, investment management firms, government agencies, academic institutions, and corporations from more than 167 countries worldwide. It also administers the Financial Risk Manager (FRM) certification recognized by financial risk professionals worldwide, and, in conjunction with the American Petroleum Institute, established the Energy Risk Professional (ERP) certification. As the leading professional association for risk managers, GARP's mission is to advance the risk profession through education, training and the promotion of best practices globally. www.garp.org.

    Contacts:
    Carl Hymans                  Elisabeth Behr
    G.S. Schwartz & Co.          G.S. Schwartz & Co
    212-725-4500, ext            304 212-725-4500 ext. 323
    carlh@schwartz.com           ebehr@schwartz.com

SOURCE The Global Association of Risk Professionals (GARP)

RELATED LINKS
http://www.garp.com
http://www.api.org