SOURCE: Kamakura Corporation

Kamakura Corporation

January 11, 2011 10:00 ET

Risk Expert Dr. David M. Rowe Named Senior Adviser to Kamakura Corporation

NEW YORK, NY--(Marketwire - January 11, 2011) - Kamakura Corporation announced Tuesday that renowned risk management expert Dr. David M. Rowe has been named Senior Adviser to Kamakura Corporation in Honolulu. Dr. Rowe is the founder and president of David M. Rowe Risk Advisory, a risk management consulting firm. Prior to forming DMR Risk Advisory, Dr. Rowe was Executive Vice President for Risk Management at SunGard. In that role he provided strategic input to SunGard's solutions for risk management and served as an external spokesman on risk management issues.

"David Rowe brings a depth and breadth of risk management experience to clients that is unparalleled," said Kamakura founder and chief executive officer Dr. Donald R. van Deventer. "As Senior Adviser to the management team at Kamakura Corporation, Dr. Rowe will advise us on the strategic directions for Kamakura's risk management software and risk management information businesses. In addition, Dr. Rowe will be spending a significant amount of time with Kamakura clients around the world on best practice risk management strategies. We are very proud to be working with David."

"I am delighted to have the opportunity to work with Don van Deventer and his colleagues at Kamakura," said Dr. Rowe. "The critical importance of information-rich credit risk analysis has been driven home repeatedly in the past four years. Kamakura is a long-established source of market-based credit risk indicators grounded in state-of-the-art theory and empirical research. As such, I believe the firm is ideally positioned to meet growing demand for this type of information and the software tools to leverage it successfully."

David M. Rowe Risk Advisory is focused on risk management support for boards and senior executives of financial institutions, primarily banks and investment banks, with particular focus on capital market activities. It also advises on risk management technology strategy and vendor relationships. Dr. Rowe is a frequent contributor to Risk magazine, where he has written the monthly Risk Analysis column since late 1999, and has appeared at numerous conferences and seminars over the past 20 years.

Prior to joining SunGard, Dr. Rowe spent more than 25 years in the banking and economic forecasting industries, most recently as senior vice president of the Risk Management Information group at Bank of America in San Francisco. In that role, Dr. Rowe had executive oversight and responsibility for the design, deployment, maintenance and operation of market and credit risk systems for the bank's global FX, derivative and securities trading activities.

Dr. Rowe's earlier positions include chief financial officer of Security Pacific Securities, Inc. (the broker-dealer subsidiary of the former Security Pacific Corp.); executive vice president and director of research for Townsend-Greenspan & Co. (Alan Greenspan's economic consulting firm prior to becoming Chairman of the Federal Reserve) and president of Wharton Econometric Forecasting Associates in Philadelphia.

His industry positions include:

  • Board Member of the International Association of Financial Engineers (IAFE)
  • Former Board Member of the Professional Risk Managers' International Association (PRMIA) and current member of its Education Committee
  • Current or former editorial board member of The Journal of Operational Risk and the GARP Risk Review
  • Co-Chairman of Risk Who's Who

Dr. Rowe holds a Ph.D. in econometrics and finance from the University of Pennsylvania, an MBA in finance with a concentration in money and banking from the Wharton Graduate School of Finance and Commerce, and a BA in economics with distinction from Carleton College.

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 33 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.

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