SOURCE: Kamakura Corporation

Kamakura Corporation

April 07, 2011 11:00 ET

Kamakura Names Risk Expert Mark Slattery Senior Vice President Client Services

NEW YORK, NY--(Marketwire - April 7, 2011) - Kamakura Corporation announced today that Mark E. Slattery, a financial and risk expert with 25 years of experience, has joined Kamakura as Senior Vice President of Client Services. Mr. Slattery will be based in Chicago and will work closely with Kamakura's rapidly growing client base in the financial services, insurance, and money management both in the United States and in international markets. Mr. Slattery will be heavily involved in helping clients meet a "best practice" standard in risk management including asset liability management, enhancing liquidity and capital management and model effectiveness.

Previously, Mr. Slattery has managed asset liability professionals for major regional banks including Flagstar and LaSalle banks, has been an independent risk consultant and was a Vice President for QRM. He has directed market valuation projects and risk management efforts related to a broad range of asset classes. He has assisted clients to formulate and execute hedging strategies and has stress tested those positions. He has written and presented materials at industry conferences and is well known in risk management circles.

"Mark's contributions to the risk management field are widely recognized and his addition to the Kamakura team will be of great benefit to our customers in North America as well as internationally," said Kamakura Chief Administrative Officer Martin Zorn. "Mark is unique, having both hands-on technical expertise to successfully implement risk models as well as a keen understanding of risk to help companies implement effective risk management strategies."

Warren A. Sherman, Kamakura President and Chief Operating Officer said, "Mark will be a tremendous asset who can help clients design a risk management system or implement one into production. Opening an office in Chicago further enhances our ability to support our customers in every time zone around the world."

Mr. Slattery received his MBA from the Kellogg Graduate School of Management at Northwestern University and received his BA in Economics from Northwestern as well. He is a Chartered Financial Analyst (CFA) and a member of the Investment Analysts Society of Chicago.

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has taken Credit Technology Innovation Awards from Credit Magazine each year since 2008. In 2010, Kamakura was the only vendor to win 2 innovation awards, one each with distribution partners Fiserv and Thomson Reuters. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.2, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service. The KRIS public firm default service was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 4000 corporates and sovereigns via the Reuters 3000 Xtra service and the Thomson Reuters Eikon service. Kamakura has served more than 200 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 34 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv (www.fiserv.com), Sumisho Computer Systems (http://www.scs.co.jp/english/), Unisys (www.unisys.com), and Zylog Systems (www.zsl.com) making Kamakura products available in almost every major city around the globe.

Contact Information