Rejuvenation through risk

American Express Financial Advisors’ (AEFA) exposures are complex and disparate. Abraham Wons and his risk management team are putting products and approaches, old and new, under the spotlight.

Since joining American Express Financial Advisors (AEFA) at the start of the year, Abraham Wons has sought to reinvigorate risk management at the Minneapolis-based firm. Under his leadership, the risk team – which currently numbers 19, with two new appointments expected soon – has become ever more deeply involved in AEFA’s various business lines. Whether grappling with the hedging associated with new annuity products, or using derivatives to improve risk management and performance of AEFA’s