Lombard Risk Management Regulatory News (LRM)

8 Dec 2008 11:37



Lombard Risk Management plc

8 December 2008

Lombard Risk Management plc

(the "Group" or "Lombard Risk")

Seven Contract Wins

Lombard Risk, the 2nd largest global provider of specialised software solutions that improve the management of collateralised trading and regulatory compliance, announces seven contract wins for its COLLINE® collateral management software won since March 2008.

Contracts have been won from; 

Lombard Odier Darier Hentsch & Cie, one of the largest Swiss private banks

Jyske Bank A/S, the second largest independent Danish bank

SBAB, one of the leading mortgage providers in Sweden, wholly owned by the Swedish Government

Daiwa Securities SMBC Europe, the U.K. subsidiary of an investment banking joint venture owned 60% by Daiwa Securities and 40% by Sumitomo Mitsui Banking Corporation

A large U.S. East Coast based asset manager with over US$120 billion under management

Two further contracts have been won with U.S. hedge funds.

John Wisbey, Chairman and CEO of Lombard Risk commented "Lombard Risk is experiencing continued strong demand for its COLLINE® collateral management software, which helps its customers reduce and manage their counterparty credit risk and manage their liquidity. Moreover there has been considerable innovation in the product this year both in functionality, scalability and resilience which now makes COLLINE® a very suitable product for Tier 1 banks with large trading books as well as for smaller firms."

Enquiries: 

Lombard Risk Management plc 

John Wisbey, Chairman & CEO  Tel: +44 20 7384 5000 

email: john.wisbey@lombardrisk.com 

Noble & Company (Nominated Advisors & Brokers) 

John Llewellyn-Lloyd Tel: +44 20 7763 2200

Sam Reynolds

Bishopsgate Communications Ltd 

Jenni Herbert Tel: +44 20 7562 3350