LONDON, 6^th February 2012: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces Ghana Bank International plc’s (GHIB) replacement of its legacy regulatory reporting system with Lombard Risk’s REPORTER to meet regulatory demands.

GHIB selected REPORTER, Lombard Risk’s regulatory compliance solution, to automate the firm’s regulatory reporting by interfacing to the bank’s Temenos T24 core banking system. The execution of the regulatory calculation pertaining to GHIB’s business lines for Capital, Liquidity, Large Exposures and Statistical reporting, has allowed for accurate generation and submission of the reports which meet the FSA, Bank of England and HMRC regulatory requirements.

It was necessary to replace the existing system at GHIB when it became apparent that it could not meet the new demands of the FSA’s liquidity regime which came out in 2011. With more regulatory changes imminent, including COREP, FINREP and Basel III, the bank decided to implement a strategic solution now in order to keep in line with the ever-evolving regulatory environment.

Mark Arthur, Senior Manager of Ghana International Banks says “Lombard Risk provided a professional service which ensured that our project objectives were fully met and were delivered on time and to budget. Consequently we have already seen significant return-on-investment.  REPORTER is perfectly suited to our technology needs and seen as the strategic regulatory solution by the bank.”

Mark Jeffrey, Principal Consultant, Lombard Risk, who led the successful implementation, says “Lombard Risk consultants worked closely with GHIB to achieve mutual objectives and we are delighted that GHIB are receiving the full benefit so soon. As a result of automating their regulatory reporting through REPORTER, the bank’s processes have been streamlined which has provided them with significantly enhanced data analysis and sophisticated ad-hoc management reporting.”

The following exercise of options is required to be disclosed since it was exercised by directors of the Company. None of the shares resulting from such option exercise by directors have been sold:

John Wisbey, Chief Executive Officer exercised options to subscribe for 555,555 ordinary shares in the Company. As a result of this exercise John Wisbey is interested in 102,195,117 ordinary shares in the Company representing 48.59% of the enlarged share capital; and

Brian Crowe, Non-Executive Director, exercised options to subscribe for 200,000 ordinary shares in the Company. As a result of this exercise Brian Crowe is interested in 5,825,000 ordinary shares representing 2.77% of the enlarged share capital.

Application will be made for the Option Shares, which will rank pari passu with the Company’s existing ordinary shares in issue, to be admitted to trading on AIM (“Admission”). It is expected that Admission will be effective and that dealings in the Option Shares, together with the shares issued in respect of the acquisition by the Company of SOFGEN Holdings Limited (the “SOFGEN Shares”), further details of which are contained in the Company’s announcement on 16 December 2011, will commence on or around 23 December 2011.

Following the issue of the Option Shares and the SOFGEN Shares, the enlarged issued share capital of the Company will be 210,309,897 ordinary shares. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Read the RNS on the London Stock Exchange

LONDON, UK – 19^th December 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces that it has acquired the regulatory reporting business of SOFGEN for a total consideration of
US$ 4,250,000 payable in a combination of cash, loan notes and equity.

The acquired business is profitable, and in addition the Board expects appreciable revenue synergies over and above the sum of the two businesses at present. The equity component of the transaction will be satisfied by SOFGEN subscribing for 2,327,556 new shares in Lombard Risk at 11.75p, the price prevailing on the date on which a letter of intent was signed. Application has been made for the admission of these new shares to AIM. Following the transaction the number of Lombard Risk shares in issue will increase from 206,926,786 to 209,254,342.

• The RNS relating to the acquisition as published on the London Stock Exchange

The main part of the business acquired, which in the past was known in the U.S. regulatory market as IDOM USA, is the United States and Canada regulatory reporting product REG-Reporter^® which has a very strong client base in North America including top banks such as Bank of America and Royal Bank of Canada.

The transaction will make Lombard Risk:

• The top provider of regulatory reporting products to foreign banks in the United States
• The third largest provider (as measured by assets reported on, not number of institutions) of regulatory reporting to domestic banks in the United States after FIS and Jack Henry
• and with a bigger presence than all of Lombard Risk’s international competitors combined.

Lombard Risk already has a major business in regulatory reporting through its existing REPORTER product which is used globally including in the United States.    The combined business now has over 250 clients for bank regulatory reporting around the world.   Lombard Risk has the largest market share of any regulatory reporting product used by banks in the United Kingdom – with around 130 UK clients.

As well as the UK and the Americas, Lombard Risk also has extensive coverage of Asia Pacific markets with regulatory reporting solutions in use in Singapore, Hong Kong, Japan, Indonesia, Thailand and other Asian countries.  Lombard Risk recently announced a contract win for Chinese regulatory reporting, and has Indian and Korean regulatory reporting under development.

Lombard Risk also has products live for liquidity reporting and regulatory stress testing, and is becoming the vendor of choice among top banks for its COLLINE^® collateral management and clearing product. Regulatory initiatives such as Dodd-Frank have already won business for the company.

Commenting on the acquisition, John Wisbey CEO of Lombard Risk said: “This is an important strategic breakthrough for us, as it gives critical mass in the North American market place, both for foreign and domestic banks in the United States.  We already had this for collateral management but we now have it for regulatory reporting. The REG-Reporter business and its management are well respected in the market, and it has built an impressive and very loyal client base.  As the market moves away from having multiple suppliers in different countries, this acquisition will allow us to serve our global clients better with much more ability to conclude deals in multiple countries and continents. We understand this business and its business model extremely well, so we are absolutely ‘sticking to the knitting’ with this acquisition.”

Vincent Raniere, who, following the acquisition, will be Managing Director and Head of Regulatory – Americas for Lombard Risk, commented: “My team and I are very pleased for REG-Reporter to have the backing of a global software company which understands regulatory reporting so well.   Our technology team will have access to a much deeper technology organisation which is already very experienced in regulatory requirements, web technology, XBRL, workflow and the requirements for fast and scalable performance, while at the same time we will have the ability to extend our international reach greatly and to offer more international regulatory services to our U.S. clients”.

The main part of the business acquired, which in the past was known in the United States (the “US”) regulatory market as IDOM USA, is the US and Canada regulatory reporting product REG-Reporter®. REG-Reporter has a strong client base in North America including leading banks such as Bank of America and Royal Bank of Canada

The directors believe that the Transaction will make Lombard Risk the leading provider of regulatory reporting to foreign banks in the US and the third largest provider (as measured by assets reported on, not number of institutions) of regulatory reporting to domestic banks in the US after FIS and Jack Henry and with a bigger presence than all of Lombard Risk’s international competitors combined.

Lombard Risk already has a significant business in regulatory reporting through its existing REPORTER product, which is used globally for regulatory reporting including in the US. The combined business now has over 250 regulatory reporting clients for bank regulatory reporting around the World. Lombard Risk has the largest market share of any regulatory reporting product used by banks in the UK with around 130 UK clients. As well as the UK and the Americas, Lombard Risk also has significant coverage of Asia Pacific markets with regulatory reporting solutions in use in Singapore, Hong Kong, Japan, Indonesia, Thailand and other Asian countries. Lombard Risk recently announced a contract win for Chinese regulatory reporting and has Indian and Korean regulatory reporting under development. Lombard Risk also has products live for liquidity reporting and regulatory stress testing and is becoming a vendor of choice among leading banks for its COLLINE® collateral management and clearing product. Regulatory initiatives such as Dodd-Frank have already won business for the Company.

Commenting on the Transaction, John Wisbey, CEO of Lombard Risk, said:

“This is a strategic breakthrough for us, as it gives us critical mass in the important North American marketplace, both for foreign and domestic banks in the US. We already had this for collateral management but we now have it for regulatory reporting. The REG-Reporter business and its management are well respected in the market and they have built up an impressive and loyal client base.  As the market moves away from having multiple suppliers in different countries, this acquisition will allow us to serve our global clients better with more ability to conclude deals in multiple countries and continents. We understand this business and its business model well, so we are absolutely “sticking to the knitting” with this Transaction.”

Vincent Raniere, now Managing Director and Head of Regulatory―Americas for Lombard Risk, commented:

“My team and I are very pleased for REG-Reporter to have the backing of a global software company that well understands regulatory reporting. Our technology team will have access to a deeper technology organisation, which is already experienced in regulatory requirements, web technology, XBRL (eXtensible Business Reporting Language),workflow and the requirements for fast and scalable performance, while at the same time we will have the ability to extend our international reach and to offer more international regulatory services to our US clients”.

The RNS is on the London Stock Exchange website

Downnload a pdf version of this press release

LONDON, England – 12^th December 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, today announces two key appointments to support the firm’s expansion in Asia Pacific in line with an increase in demand for risk and regulatory solutions in the region.

Ted Wong joins Lombard Risk’s Hong Kong office in the role of Head of Sales, Asia Pacific where he will be responsible for direct and channel sales management in the region together with William Tong.

Ted joins from SunGard’s Financial Systems division and before that Fitch Solutions/Algorithmics.   Ted says: “Lombard Risk is well-established and highly regarded in this region and is best positioned to meet the risk, particularly collateral, and regulatory issues firms here are facing.”

Greg Ballesty joins Lombard Risk’s global collateral management team as Director Pre-sales COLLINE – APAC in Singapore and is responsible for supporting sales initiatives in Asia-Pacific.  His collateral management experience, gained from previous banking and software roles at OMGEO and Algorithmics, provides him with a unique understanding of the collateral management issues firms are facing AND details of solutions on the market.   Greg says “Lombard Risk is well recognised in the collateral management field as a principal solution provider.  The company has a clear vision and a passionate intent to succeed.”

Greg is located out of the new Singapore office:  Lombard Risk is moving its Singapore operations to 30 Raffles Place, #20-04 Chevron House, Singapore 048622 -Telephone: (65) 6493 3491 as the team based locally there expands in number.

New REPORTER solution for CHINA:  Lombard Risk recently announced an international financial services provider’s selection of the REPORTER solution for its regulatory reporting requirement in CHINA.  The firm also uses REPORTER in Hong Kong, Japan and Indonesia.

Lombard Risk has had a long history of business in Asia, since 1989. It has 3 office locations in Asia, with more than 130 employees: Sales / Support offices in Hong Kong and Singapore, and a sizeable R&D centre in Shanghai headed up by Nick Davies, CTO.  Lombard Risk has an extensive client base, many with multi-country implementations, enjoying global solutions and local knowledge.

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About Lombard Risk – www.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, Luxembourg, South Africa 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:

COLLINE^® – collateral management and clearing.  A state-of-the-art, web-based solution designed by experienced business practioners for end-to-end, cross-product collateral management.  It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting and electronic messaging.

REPORTER – regulatory reporting.  A fully scalable solution for regulatory compliance at branch and/or head office level with global coverage.   Fully supports key supervisory computations and integrates with LISA for stress testing and scenario analysis.  Powerful and streamlined integration to multiple source systems enabled by the ETL functionality.

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

MIS– a flexible and easy-to-use module for reporting across the Lombard Risk product range AND with external sources.  Provides valuable business intelligence by combining risk and regulatory information in reports or on-screen dashboards, enabling well-informed business decisions to be made with confidence.

The Lombard Risk software solution suite also includes OBERON^® trade capture and valuation and FIRMAMENT^® credit and equity valuation.

­­­­­­­­­­­­­­­­­­­­­­­Contact: Tel: +44 (0)20 7593 6700. 
Rebecca Bond – Group Marketing Director – Rebecca.Bond@LombardRisk.com

Meets CBRC, SAFE and PBOC regulatory demands in China

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LONDON, England – 30^th November 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces an international financial services provider’s decision to expand its use of Lombard Risk’s regulatory reporting solution, REPORTER, to meet its regulatory obligations in China.

The group has a widely distributed user base with multiple branches across Asia.  After successfully completing the replacement of a core banking system and creating a powerful data warehouse in Singapore, they reviewed the range of regulatory submission processes that were in use at several branches (Hong Kong, Japan, Indonesia, Singapore and Shanghai) and selected Lombard Risk to provide an automated and standardised solution across its regional operations.

Lombard Risk’s regulatory solution for Shanghai will meet the three key regulators’ demands in China: CBRC, SAFE and PBOC – enabling the firm to prepare reports for its “full bank branch” operations in China.   The submissions to the Chinese regulators have previously been made through a combination of manual processes and spreadsheets, and Lombard Risk’s REPORTER solution will automate this process by calculating the returns using data in the Asia Pacific data warehouse ‘hub’ in Singapore and submitting them electronically.

William Tong, General Manager Asia Pacific, Lombard Risk explains: “The firm recognised the burden placed on its operations to monitor the regulators’ demands (which are on the increase post financial crisis), collate the data from multiple internal systems, calculate the information required and generate and submit the reports.  The firm is streamlining and automating processes across the whole of their operations, and Asia Pacific branches will enjoy accurate and timely regulatory submissions from Lombard Risk’s REPORTER solution.”

John Wisbey, CEO of Lombard Risk, commented: “Lombard Risk has an important commitment to Asia, with our development centre in Shanghai and more than 130 people employed in the region. We have invested heavily in regulatory reporting in Asian countries and Chinese regulatory reporting is an important addition to our portfolio. As well as our country specific solutions in individual Asian countries, we aim to be the regional supplier of choice for international banks in the region, as we are in this case.”

Lombard Risk has had a long history of business in Asia, since 1989. It has 3 office locations in Asia, with more than 130 employees: Sales / Support offices in Hong Kong and Singapore, and a sizeable R&D centre in Shanghai headed up by Nick Davies, CTO.  Lombard Risk has an extensive client base, many with multi-country implementations, enjoying global solutions and local knowledge.

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Contact: Tel: +44 (0)20 7593 6700.  Rebecca Bond – Group Marketing Director – Rebecca.Bond@LombardRisk.com

6th Annual European Collateral Management conference, venue TBC

More information will be available as it is confirmed.

Visit the organiser’s website

Fleming Europe collateral management event, USA

More information will be available as it is confirmed.

Visit the organiser’s website