Alastair Laurie-Walker is Chief Executive Officer of Synthetic Capital Advisers. Before establishing the Firm in 2006, he was Senior Vice President at Marsh McLennan, where he developed the concept of synthetic capital structures supporting clearing operations, initially for the London Stock Exchange. He has developed in excess of US$ 1,000,000,000 of facilities, to support clearing at several of the world’s leading clearing houses, including freight and electricity trading as well as conventional stocks.
Alastair was selected by Energy Risk magazine for their 2004 Hall of Fame in recognition of his innovative work supporting energy trading.
Article from Energy Risk
“Hall of Fame”
Many important figures are working behind the scenes to improve the efficiency of the energy markets. One of these…is Alastair Laurie-Walker, who, for more than 20 years has been deeply involved in both the reinsurance and corporate risk management sectors at insurance broker Marsh in London.
The gathering trend towards the development of clearing houses for both on- and off-exchange contracts has led to an opening for insurance companies to provide capital back-up for the clearing houses in question. Alastair and his team have been at the forefront of setting up structured credit facilities to provide this backing.
The team have arranged in excess of £1 billion of financial guarantee facilities supporting both the derivatives and equities markets in the US, Europe, and the Asia Pacific region.
“There’s no point in having to wait 150 days for the average insurer to respond,” says Laurie Walker. “The capital has got to be pretty much on demand. If we can’t pay on time, the market starts to become disorderly, and you could end up with several defaults as a result.”
Laurie Walker is looking now both at providing similar cover for other clearing platforms and exchanges and even for energy companies”.