risQ Inc., a start-up delivering best-in-class climate risk analytics,
and ICE Data Services, which is part of Intercontinental Exchange, Inc.
(NYSE: ICE), today announced that KORE Private Wealth has adopted ICE
Climate Risk to provide climate risk data and analytics on the municipal
bond market.
KORE is an independent wealth and asset management firm delivering
purposeful and impactful wealth solutions to affluent investors. Via a
broad and deep investment approach, including initiatives such as its
Innovation Lab, KORE constantly explores novel strategies, processes,
technologies, investments and information that can impact the financial
well-being of its clients. KORE embraces cutting-edge technology and innovative thinking to
deliver thoughtful solutions in all facets of our business, said Eric
Bodner, Partner at KORE. The swift pace to more fully understand
climate change and its potential impact on the value of our clients'
assets in the municipal bond space led us to incorporate ICE Climate
Risk into our decision-making process. Aligning client investing initiatives and KORE's values around ESG
solutions and climate change has made our partnership with ICE Data
Services and risQ very valuable and exciting, added Margaret Hay, a
Director and Senior Portfolio Manager at the firm. Our municipal
business can now leverage unique technology to quantify climate impact,
assess relative value and make smarter purchases, including impact on
residential and workplace demographics. ICE Climate Risk combines cutting-edge climate science, catastrophe
modeling and geospatial machine learning technology from risQ with ICE
Data Services' leading municipal pricing and reference data to offer the
tools to quantitatively measure climate risk in municipal bonds.
Delivered through both file delivery and software packages, the solution
allows for comprehensive climate analysis at obligor, issuer and
security levels, tracking securities from issuance to maturity. "As the market seeks to recover from the current financial crisis, it
can't be blind and unprepared for future crisis catalysts, and climate
risk is at the top of that list," said Chris Hartshorn, risQ's Chief
Commercial Officer. "The KORE team got it straight away, knowing that
their clients expect them to lead and position for their futures through
best-in-class data and portfolio climate hygiene." This also validates the climate risk commentary that Municipal Market Analytics (MMA)
has long been providing. It is encouraging to see yet another leading
municipal manager recognizing climate as an undeniable future credit and
performance risk, said Tom Doe, President of MMA.
Leaders anticipate impending impactful events, and KORE's action
signifies the critical importance climate represents to their
results-driven clients. Evaluated pricing (including fixed income evaluations), continuous
evaluated pricing, end-of-day evaluations and Fair Value Information
Services related to securities are provided in the U.S. through ICE Data
Pricing & Reference Data, LLC and internationally through ICE Data
Services entities in Europe and Asia Pacific. Source - https://www.newswire.com/news/kore-private-wealth-selects-ice-climate-risk-strengthening-thought-21147685
Company Name | Contact Person | Contact Number | Email Id | Website | Address |
---|---|---|---|---|---|
RISEQ | 8572595852 | info@risq.io | https://www.risq.io/ |
ERP Advisors Group hosted a conference call to discuss how to optimize ERP solutions, predict inventory fluctuations, and accelerate plans to brin...Read More
risQ Inc., a start-up delivering best-in-class climate risk analytics, and ICE Data Services, which is part of Intercontinental Exchange, Inc. ...Read More
D’Vaughn Bell, the CEO of Marqui Management, one of the fastest-growing reputation marketing consulting firms in Allen, TX, has been accepted into t...Read More
Enterprise Management Associates (EMA), a leading IT and data management research and consulting firm, today announced it will host a webinar titled â...Read More
Unified Power expands its growing portfolio with its fourteenth strategic acquisition, this time with Power BackUPS of Graham, North Carolina, a su...Read More