Lombard Risk expands collateral management team with business experts from Credit Suisse and Daiwa - VERMEG

Lombard Risk expands collateral management team with business experts from Credit Suisse and Daiwa

LONDON, UK – 29th June 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 announces 2 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.”