FERMA is pleased to welcome the Latvian Risk Management Association (LRMA) as its newest member. FERMA now represents over 6,800 risk managers and brings together 24 national risk management associations across 23 European countries, further strengthening its representative network and voice at the European level.
LRMA represents risk management professionals in Latvia and contributes valuable regional expertise and perspectives from the Baltic region. Its membership marks an important step in reinforcing collaboration on enterprise risk management across Europe, particularly in key areas such as sustainable finance and cyber resilience.
Philippe Cotelle, President of FERMA, said:
“We are delighted to welcome the Latvian Risk Management Association to FERMA. Strengthening our presence in the Baltic region is an important step for our federation. By working together, we continue to amplify the voice of European risk managers, promote best practices, and support our members in navigating an increasingly complex risk landscape.”
From LRMA’s perspective, joining FERMA represents a significant milestone for both the association and the wider Latvian risk management community.
Dr. Olegs Cernisevs, President of the Latvian Risk Management Association (LRMA), said:
“Joining FERMA represents a strategic milestone for the Latvian Risk Management Association and the broader risk management community in Latvia. Our vision has always been toelevate the profession of risk management within Latvia to meet international standards, and aligning ourselves with Europe’s leading federation is the natural next step. This partnership validates the maturity of our local market and ensures that the Baltic perspective is included in the broader European risk dialogue.”
FERMA looks forward to working closely with LRMA and to the valuable contributions it will bring to the federation’s activities, including policy advocacy, knowledge sharing, and professional development across Europe.