Lombard Risk, the 2nd largest global provider of specialised software solutions that improve the management of collateralised trading and regulatory compliance, today announced seven contract wins for its COLLINE collateral management software won since March 2008.
Contracts have been won from;
i) Lombard Odier Darier Hentsch & Cie, one of the largest Swiss private banks
ii) Jyske Bank A/S, the second largest independent Danish bank
iii) SBAB, one of the leading mortgage providers in Sweden, wholly owned by the Swedish Government
iv) 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.
v) 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 and in scalability and resilience which now make COLLINE a very suitable product for Tier 1 banks with the largest trading books as well as for smaller firms.”