Drum Risk Ltd
Peter is the Managing Director of DRUM Risk & DRUM Advisory and has been working in the commodities sector for 25 years.
He has led the company’s development from CIS to global operations. This has included designing the original Collateral Management & Inventory audit service and more recently jointly with various banks developing the Advanced BBR audit structure.
Peter graduated from the Royal Military Academy Sandhurst in 1986 and saw operational service globally. After eight years Peter left the Coldstream Guards with the rank of Captain and joined BAT in the Baltics, prior to then moving to Cadbury’s in Russia.
In 1997 he established the original DRUM heading the CIS, prior to returning to the United Kingdom becoming the Managing Director in 2002.
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Plenary room
With heavy sanctions in place against Russia, and a serious reputational risk associated with doing business with unsanctioned Russian entities, a huge part of the commodity trade finance world has been cut off. It will also be extremely difficult to do business in Ukraine for the next few years at least. Where will banks be looking to open new credit lines in the wake of this? Do some of the emerging markets, such as Africa, LatAm, and Southeast Asia, have the capacity to bridge the production gap left by Russia and Ukraine at such sudden notice? What impact will this have on already skyrocketing energy and agri prices?
