Hong Kong Aviation Capital (HKAC) has appointed Paul Dwyer as its new head of risk, effective 1 December 2010.
Dwyer will be based in Hong Kong and comes to HKAC after a long career in aviation and aircraft risk management. He has previously been the head of risk for global aviation asset management (GAAM) Pty in Australia and was responsible for all risk management activities, implemented a portfolio monitoring system for a $1.8 billion portfolio spread over 19 countries and designed and implemented a comprehensive portfolio credit risk model. His work also included heading risk analysis for an IPO and advising on reporting requirements and implications of interest rate and currency movements.
Prior to GAAM, Dwyer was the SVP credit and research for Boullioun Aviation Services. While at Boullioun he pioneered the use of loss given default, expected loss and economic capital concepts in aviation operating leasing as part of a comprehensive risk management program.
"We are very pleased to have someone of Paul's caliber joining HKAC, and see it as another important step in our development and continuing international expansion," comments Mathis Shinnick, CEO, Hong Kong Aviation Capital.
"Paul's wide experience in and knowledge of risk management will be an asset to HKAC. His extensive knowledge of risk issues and lease operations will help us rapidly consolidate our lease management business within the Allco aviation portfolio acquired early in 2010. It will help us position HKAC as a leader in the global aircraft leasing marketplace," Shinnick says.
"Paul is a highly-respected executive in the aviation risk management field," says Bharat Bhise, CEO of Bravia Capital Partners and investor in HKAC. "His hiring is a further sign of our commitment to recruit the best available talent in the industry."