European patent fund seeks risk-management advisor

EUROPE - The Munich based European Patent Organisation (EPO) is tendering for a consultant to assist its DM2.5bn (e1.3bn) plus pension reserve fund in establishing and developing an effective, global risk-management policy.

The organisation says that during the first phase the contractor will have to identify and evaluate risks and opportunities that the fund faces.

In the second phase, the fund says the contractor should also develop and implement financial and operational strategies to identify and measure risks in all of the fund’s activities.
The first and second phases should start in the fourth quarter of this year and end in December 2002.

There is also a possibility for further consultancy work once the project has been carried out.

At EPO’s discretion the contractor may provide an opinion of the development process and suggest possible course corrections, and aid in their implementation. This phase will start at the end of 2003 and be completed by March 2004, says the organisation.

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