Edinburgh-based financial risk consultancy Barrie and Hibbert, has announced that its financial modelling software, the Economic Scenario Generator (ESG), has been licensed for international use by Hewitt Associates with its investment consulting clients. Increasingly used by large financial institutions, the software generates economic scenarios for regulatory capital assessment, economic capital allocation, fair value accounting, identification and evaluation of capital management strategies and product design, development and pricing. The ESG model is designed to deliver a flexible framework that allows different modelling functionality to be selected according to individual client needs.
Andrew Tunningley, UK head of investment consulting at Hewitt Associates says, “The ESG model is a product which can meet the needs of our investment consulting clients. This is a welcome enhancement to our international consulting capabilities.” Barrie and Hibbert’s CEO, Andrew Barrie, comments, “Hewitt Associates is a leading consultancy in providing risk and financial management advice to the pensions industry and I am delighted that it has chosen to use our ESG model. Hewitt’s international reach and broad portfolio of clients will certainly benefit us as we look to expand our ESG model to the pensions market.”