Banks hire ex-military advisors for Iran risk analysis

Wall Street firms are hiring ex-military advisors to navigate Middle East risks. Major banks have launched units to help investors manage market volatility.

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In the days leading up to the United States and Israel air strikes that targeted the leadership of Iran on February 28, major financial institutions were already bracing for military action. This foresight was driven by a burgeoning sector of geopolitical risk consultancies staffed by former military and national security officials who specialize in interpreting the subtle signals of impending conflict.

A risk manager monitors market activity on the trading floor at IG Index in London, United Kingdom, in this file photo from August 2015. REUTERS/Suzanne Plunkett/File Photo
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