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Asia Pacific team expanded to meet increased demand in the region
- SunGard and OMGEO professionals join in key management roles
- Singapore office relocates
Downnload a pdf version of this press release
LONDON, England – 12th 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