Lombard Risk Management Regulatory News (LRM)

23 Mar 2009 07:00



Lombard Risk Management plc

(the "Group" or "Lombard Risk")

Contract Win

Lombard Risk, the 2nd largest global provider of specialised software solutions that improve the management of collateralised trading and regulatory compliance, today announces a contract win for its Regulatory Compliance business. 

Lombard Risk has extended its relationship with a major German bank through the signing of a new contract for its STB-Reporter product. This deal, which is worth in excess of £400k over the next 12 months, covers bank regulatory reporting in London, New York, Hong Kong and Singapore. The deal does not create any need to change market guidance for the current or next financial year, but helps to validate the numbers in the market for the next financial year ending March 2010. 

John Wisbey, Chairman and CEO of Lombard Risk, commented as follows:

 "It is pleasing to be able to extend our relationship with this prestigious German bank into other markets. We are very pleased also that part of the deal includes Singapore where we have been making excellent headway recently and gaining market share against our competitors in the regulatory space. It also shows the continued strength of banks' spending in the regulatory area."

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