He has spent his life studying risk.

From the trading floors of the City, to investment committees, to flood rescue teams pulling people from fast-rising water in the middle of the night.

Eoin Murray has seen what happens when systems fail. Financial systems. Natural systems. Human systems.

In this conversation, Eoin makes a stark case for why water will be the next major global crisis, and why almost nobody is paying enough attention.

As CIO at Rebalance Earth and a specialist in water rescue, Eoin sits at a rare intersection. He understands capital, climate, and catastrophe. He talks about floods not as abstract climate models, but as forces that humble even the most prepared teams. He explains why nature risk is already sitting on balance sheets, even if it is not yet priced in.

Drawing parallels with the build-up to the 2008 financial crisis, Eoin reflects on how over-reliance on backward-looking models blinds us to systemic risk. He argues that water scarcity, flooding, and food insecurity are not future threats, they are signals already flashing red.

Along the way, he shares what search and rescue has taught him about leadership, trust, and decision-making under pressure. Why the most experienced voice matters more than hierarchy. Why planning for failure is not pessimism, it is professionalism.

This is a conversation about water, yes. But it is also about responsibility. About what happens when we ignore warning signs. And about the uncomfortable question facing investors, governments, and all of us.

If we can already see the crisis coming, why are we still acting surprised?