21st Nov 2014 13:08
21 November 2014
Lombard Risk Management plc
("Lombard Risk" or the "Company")
Lombard Risk and Genpact to launch new collateral management solution
Lombard Risk Management plc (AIM: LRM), a leading global provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, has announced that it is entering a collaboration agreement with Genpact Limited ("Genpact"), to provide the Company's COLLINE® collateral management product for a new product solution. Genpact will integrate its Collateral Agreement and Reference Data Services (CARDS) with Lombard Risk's COLLINE® collateral, clearing, inventory management and optimization solution. This unique solution will enable both buy and sell-side firms to automatically digitize and capture the terms and conditions of various collateral agreements across asset classes, counterparties, and business silos, resulting in a margin and collateral rulebook by counterparty. This solution will help financial services companies to optimise their collateral management operations. Lombard Risk and Genpact also intend to launch a joint business processing outsourcing (BPO) service for their clients' collateral management function.
Genpact is a New York based company with a global client base providing intelligent business operating solutions to many of the world's leading corporations. Genpact is traded on the NYSE and is capitalised at over $3.8bn.
Commenting on the announcement, John Wisbey, Chief Executive stated "This is an exciting opportunity for Lombard Risk, providing an opportunity to promote COLLINE® on a global basis through a collaborative agreement with one of the world's leading business solution providers. COLLINE® was awarded the Collateral Technology of the Year Award by Custody Risk in London last week, and this collaboration with Genpact will further enhance the breadth and depth of our offering".
Enquiries
Lombard Risk Management plc John Wisbey, CEO Nigel Gurney, CFO
| Tel: 020 7593 6700 |
Charles Stanley Securities Nominated Adviser and Broker Russell Cook / Carl Holmes
| Tel: 020 7149 6000 |
Newgate Threadneedle Robyn McConnachie | Tel: 020 7653 9850 |
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