Lombard Risk

Lombard Risk

June 29, 2011 04:00 ET

Lombard Risk Expands Collateral Management Team With Business Experts from Credit Suisse and Daiwa

- New release of COLLINE imminent

LONDON, UNITED KINGDOM--(Marketwire - June 29, 2011) -Lombard Risk Management plc (LSE:LRM) ("Lombard Risk"),a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, today announces2 key business appointments to the COLLINE collateral management team.

Elaine MacAllan, who has over 10 years' experience managing Repo and Securities Lending and OTC Collateral, Prime Brokerage Margin and Portfolio Reconciliation, joins from Credit Suisse where she held a Senior VP role in the Collateral Department. Elaine joins the team to direct the further development of Repo and Securities Lending functionality in the Lombard Risk COLLINE solution as firms look to optimise their collateral management processes and improve risk management by replacing silo solutions to gain oversight across business lines.

Martin Wingate joins from Daiwa Capital Markets Europe where he worked for 6 years as Head of OTC, Securities Lending and Repo Collateral Management. Martin's in-depth knowledge and hands-on experience brings an extensive understanding of the business issues that firms face and will enable him to explain the benefits of having an effective collateral management solution. Martin used COLLINE at Daiwa.

Helen Nicol (nee Bramley), COLLINE Product Director, explains: "the addition of Elaine and Martin to the team strengthens the core collateral expertise upon which COLLINE is built, and develops the "one system" approach to enterprise-wide collateral management".

The appointments coincide with an imminent release of COLLINE, Lombard Risk's automated collateral management solution. It includes new functionality to meet the market's current and future demands for a consolidated solution:

  • Master Netting/Convenience Margining
  • Settlement Risk Management
  • A new, flexible workflow for bulk collateral and transfer bookings for sub-agreements
  • Four-eyes check on collateral bookings that exceed agreement-defined conditions
  • "What if" scenarios to forecast liquidity impact of collateral agreements affected by credit rating changes

John Wisbey, CEO, Lombard Risk explains: "Increased regulatory market initiatives have led to increased focus in the collateral management and clearing space. Lombard Risk is responding to the market's demand with a fully integrated, cross-product margining solution with key drivers such as clearing, messaging, dispute management, optimisation and flexible workflows."

About Lombard Riskwww.lombardrisk.com (London Stock Exchange: LRM)

Lombard Risk enables firms in the financial industry significantly to improve their approach to managing the risk in their businesses. Founded in 1989 and headquartered in London, Lombard Risk has offices in New York, Shanghai, Hong Kong and Singapore. Our clients include banking businesses - over 20 of the world's "Top 50" financial institutions - almost half of the banks operating in the UK, as well as investment firms, asset managers, hedge funds, fund administrators and large corporations worldwide.

The Lombard Risk solution suite is developed and supported by an extensive team of risk and financial experts and includes:

REPORTER® - regulatory reporting. The ideal solution for all automated regulatory reporting requirements. With full support for key supervisory computations including capital adequacy (Basel II and III), large exposures, and combined with LISA, provides a comprehensive solution for global regulatory reporting with the stress and scenario testing.

LISA® - scenario analysis and stress testing. LISA® satisfies latest liquidity risk management requirements and supports growing regulatory demands for timely and reliable information.

COLLINE® - collateral management. A highly sophisticated collateral management solution that facilitates efficient management and straight through processing of the entire margin call and reconciliation process.

The Lombard Risk software solution suite also includes OBERON® trade capture and valuation, Firmament® credit and equity valuation and Detector® AML and customer due diligence.

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