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US and Canadian Client Successes

5th Nov 2015 07:00

RNS Number : 6240E
Lombard Risk Management PLC
05 November 2015
 

05 November 2015

Lombard Risk Management plc

(the "Company")

 

US AND CANADIAN CLIENT SUCCESSES

 

Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce that COLLINE, the Company's award-winning collateral management, clearing, inventory management and optimisation solution, has recorded several significant sales in the past quarter as well as two go-live successes.

A major bank in Canada and a long-established North American buy-side Investment Firm have recently selected COLLINE as their future-ready collateral management solution:

§ One of Canada's largest banks has selected COLLINE to support its complex collateral management needs. Its decision was made following a rigorous market search to identify an automated end-to-end solution that could eliminate over 200 manual processes required with its current application. The selection of COLLINE was based on the bank's regulatory preparedness for IOSCO requirements, real-time consolidated view of exposure and cross asset inventory management capabilities. COLLINE will enable it to maximise the efficiency and reduce the cost of collateral and inventory management processes and reduce operational risk by leveraging COLLINE's full front-to-back STP and exception based processing capabilities.

§ One of the oldest and most distinguished buy-side Investment Management Firms in the US has selected COLLINE to facilitate its bilateral OTC and FCM business lines workflow. Like many buy-side clients, it was seeking to be proactive in adopting industry best practices for collateral management and wanted to leverage the existing capabilities of COLLINE to accelerate its progress.

Two additional clients successfully go-live on COLLINE in North America:

§ An independently operated investment management subsidiary of a major Tier 1 multi-national banking and financial services holding company successfully went live on Lombard Risk's COLLINE cross-product collateral management system, on-time and on-budget. The solution was procured in order to meet the firm's compliance needs on TBA (To-Be-Announced) transaction mandatory margining for MBS (Mortgage-Backed Security) trades.

§ A major national financial services organisation and leading provider of retirement services in the academic, research, medical and cultural fields successfully went live on Lombard Risk's COLLINE Cloud solution to support the management of its cross-asset portfolio from multiple US locations. COLLINE cloud computing services represents a strong offering to the market with a faster deployment and a substantially lower cost of setup and ongoing maintenance - affording stakeholders the ability to realise business benefits sooner.

John Groetch, Managing Director - Americas, Lombard Risk commented: "Lombard Risk's vision is to provide our clients with the agility they need to respond to abrupt market and regulatory change and in so doing, deliver competitive advantage for them. Our suite of applications continues to provide market-leadership, and these wins - replacing established and blue-chip competitors - demonstrate that this vision resonates strongly with even the very largest of financial institutions. We are delighted to continue increasing our market share and penetration of Tier 1 financial institutions."

 

-ends-

For further information, please contact:

Lombard Risk Management plcPhilip Crawford, Executive ChairmanNigel Gurney, CFO

Tel: 020 7593 6700

Panmure Gordon (UK) LimitedNominated Adviser and BrokerRussell CookJames Greenwood

Tel: 020 7886 2500

NewgateTim ThompsonBob HuxfordRobyn McConnachie

Tel: 020 7653 9850

 

About Lombard Risk - www.lombardrisk.com (London Stock Exchange: LRM)

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions - enabling firms in the financial services industry to significantly improve their approach to managing the risk in their businesses.

Founded in 1989 and headquartered in London, Lombard Risk has offices in New York in the US; Hong Kong, Shanghai, Singapore and Tokyo in Asia Pacific, and service centres in Atlanta, Cape Town, Luxembourg and Miami. Our clients include banking businesses - over 30 of the world's "Top 50" financial institutions - as well as investment firms, asset managers, hedge funds, fund administrators, insurance firms and large corporations worldwide.

 

Managing collateralised trading | Enabling regulatory compliance

The Lombard Risk solution suite is developed and supported by an extensive team of risk, regulatory and financial experts.

COLLINE® - collateral management, clearing, inventory management and optimisation. Designed by experienced business practitioners for consolidated end-to-end, cross-product collateral management, clearing, inventory aggregation and optimisation.

REPORTER - global regulatory reporting.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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