Lombard Risk Management plc, ("Lombard
Risk") the global provider of specialised software solutions that
improve the management of collateralised trading, liquidity and
regulatory compliance, has won a new contract with ABN AMRO Bank N.V, a
bank headquartered in the Netherlands.
ABN AMRO will be using Lombard Risk's Collateral Management software
product, COLLINE®. COLLINE® is a sophisticated, web-based collateral
management software solution that facilitates efficient management and
straight through processing of the entire margin call and
reconciliation process. COLLINE® is a pure internet application that
runs securely within a web browser from anywhere in the world without
requiring any desktop software, and is highly scalable to meet the
needs of top global banks and small institutions alike.
The contract was agreed after a thorough period of testing, during
which the system was compared with competitor systems by the team
adopting the system at ABN AMRO, including the system that had been
used by the bank historically.
John Wisbey, CEO of Lombard Risk commented,
" We are delighted to announce this contract win with ABN AMRO. Their
decision to use our COLLINE® product was made after a rigorous,
competitive process and marks another occasion where we replaced the
historically dominant player in this market at a large bank. This
follows on from a major contract announced in April 2009 with a top
Tier 1 European bank, and other deals concluded during the year with
good names such as National Bank of Greece, Loomis Sayles and Pacific
Life."
In a world of increasing financial regulation, some of the
world's top banks rely on Lombard Risk to monitor and manage their
risk. Our products in Collateral Management, Liquidity and Regulatory
Compliance are all increasingly complementary as banks and regulators
alike look in ever more similar ways at counterparty risk, liquidity
and collateral flows.
"The Company is at an exciting position in its development. Following
the capital raising in October, our platform for growth is excellent.
We are investing in accelerating the growth of the business. We are
confident that we will be able to update shareholders on further new
business wins shortly."
Enquiries:
Lombard Risk
Management plc:
John Wisbey,
Chairman and CEO
Keith Butcher,
Finance Director
T: +44 (0)20 7089
3700
Noble &
Company Limited
John
Llewellyn-Lloyd
Sam Reynolds
Chris Connors
T: +44 (0)20 7763
2200
City Profile
Simon Courtenay
T: +44 (0)20 7448 3244
Click here to email Lombard Risk's
Investor Relations team
