10 Jul 2013 07:00
10 July 2013
Lombard Risk Management plc
("Lombard Risk" or the "Company")
New contract to supply regulatory reporting software to Bank Leumi in USA and UK
Lombard Risk Management plc (AIM: LRM.L), a leading provider of integrated regulatory compliance and collateral management solutions for the financial services industry, is pleased to announce a significant contract win. Bank Leumi USA and Bank Leumi (UK) PLC, both wholly-owned subsidiaries of the Leumi Group, which is the largest banking group in Israel, have selected Lombard Risk's regulatory reporting software in the USA and the UK.
"We are very confident about our decision to purchase REG-Reporter based on Lombard Risk's long-standing reputation for providing the most comprehensive solution to automating the regulatory reporting process to the Fed." said Michael Fegan, EVP, Chief Operations and Technology Officer, Bank Leumi USA. "We feel this software will significantly streamline our report preparation, allowing us to maximize our time in reviewing and analyzing our reports. We look forward to becoming part of Lombard Risk's active user community."
John Wisbey, Chief Executive Officer, Lombard Risk commented: "We are very pleased to have Bank Leumi as a new customer in the USA and UK. Our investment in developing a fully integrated reporting solution that meets the challenging regulatory environment now and in the future has clearly put us in a strong position to service the bank."
For further information, please contact:
Lombard Risk Management plc Tel: 020 7593 6700
John Wisbey, CEO john.wisbey@lombardrisk.com
Paul Tuson, CFO paul.tuson@lombardrisk.com
Charles Stanley Securities Tel: 020 7149 6000
Nominated Adviser and Broker
Russell Cook / Carl Holmes
Newgate Threadneedle Tel: 020 7653 9850
Graham Herring / Robyn McConnachie