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Home/SmallBiz News/Lombard Risk Expands Senior Management Team
Risk Management Group

Lombard Risk Expands Senior Management Team

February 21, 2011 (Powerhomebiz.net) Lombard Risk Management plc (LSE:LRM) (”Lombard Risk”), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance suite of web-deployable solutions for the financial services industry, today announced the appointment of three key executives to join the existing senior management team in leading the company through the planned expansion following the rapid growth experienced in 2010(34% rise in revenues in half year to September 2010).

Paul Tuson, chartered accountant with 20 years’ post-qualification experience in industry and commerce, including four at KPMG, joins Lombard Risk as Chief Financial Officer and has been appointed to the board of directors. He has previous CFO experience with three AIM-listed companies, executed two successful IPOs and recently acted as Finance Director for Aspire Technology Ltd that was successfully sold to Synnex Corporation. Paul says “Having been interim CFO of Lombard Risk for 5 months, I am delighted to have been appointed as full time CFO at what I believe to be a key phase in the company’s development, and I look to the future with much optimism.”

Philip Stanning has joined as Group Sales Director. Philip has held senior positions in banking and other software companies including Temenos where he was responsible for building the sales and pre-sales organization across initially Northern Europe, Middle East and then globally across Asia and America. From his taking the initial role in 1998 with Temenos, revenues grew from $23m to in excess of $160m in 2005. Philip says that “Lombard Risk have an excellent value proposition that is ideally suited to the needs of the market, whether local branch institutions or multi-national Tier 1 global banks – and a superb list of reference able clients.”

Risk Management Group Rebecca Bond returns to Lombard Risk as Group Marketing Director from FRSGlobal where she was VP Marketing in a period of growth that culminated in the firm’s trade sale to Wolters Kluwer Financial Services in late 2010.Rebecca has successfully taken similar financial software firms through significant periods of expansion. Her experience in the financial services software marketplace includes periods in senior positions at Iris Financial, Asset Control, QUMAS and most recently FRSGlobal. Her knowledge, particularly in the areas of risk and regulatory compliance, well equips her to manage corporate communications for the Lombard Risk group. She says “I’m delighted to be back at Lombard Risk. Our collateral management solution (Colline) greatly extends the regulatory reporting and stress testing offering already being enjoyed by Lombard Risk’s clients, and will be a big differentiator when it comes to firms selecting an integrated solution to manage operations t!
o the level management and regulators are demanding to provide better oversight.”

These appointments follow the strengthening of the Lombard Risk team in 2010 through the appointment of Philip Crawford as Chairman and Sherry Isenberg as Managing Director, Americas and other senior appointments.

John Wisbey, CEO, welcomes this new team on board, saying “Successful companies in our space need outstanding people, products and services. Our significant improved mid-year results have already confirmed that Lombard Risk has great products and services, and with these three high quality appointments we have further strengthened what was already an excellent team”.

“Lombard Risk has ambitious growth plans for the next few years and an impressive sales pipeline. Market and regulatory developments around OTC derivatives being cleared more on exchanges and consequent changes in the structure of the derivatives markets make this a time for banks and market participants to be looking at upgrading their legacy collateral systems and there will be additional mandatory expenditure on Basel III and Solvency 2 in the next two years.”

About Lombard Risk – www.lombardrisk.com  (London Stock Exchange: LRM)

Lombard Risk enables firms in the financial industry significantly to improve their approach to managing the risk in their businesses.

Our award-winning solutions enable the financial industry to improve the management and reporting of counterparty, collateral, trading and liquidity risk; financial crime detection; and global regulatory compliance reporting, including Basel III.

Solutions are based on web-based technology allowing them to be easily deployed to a global user base. Each feature integrated workflow that has customizable straight-through- processing rules which drives exception-based management principles, meaning that clients who use our solutions are more focused, effective and efficient at their day-to-day business operations, reducing total-cost of ownership and maintenance, and allowing cost savings or valuable time to be spent on other activities.

Founded in 1989 and headquartered in London, Lombard Risk has offices in New York, Shanghai, Hong Kong and Singapore. Our clients include banking businesses -over 20 of the world’s “Top 50” financial institutions, almost half of the banks operating in the UK, as well as investment firms, asset managers, hedge funds, fund administrators and large corporations worldwide.

The Lombard Risk solution suite is developed and supported by an extensive team of risk and financial experts and includes:

COLLINE® -collateral management. A highly sophisticated, web-based real-time collateral management solution that facilitates efficient management and straight-through- processing of the entire margin call and reconciliation process. With support for advanced master-netting, electronic messaging, collateral optimization and bespoke calculations the system helps organizations manage their collateral risk or positions better whether on a bi-lateral basis or via a central counterparty (CCP) LISA® -scenario analysis and stress testing. Built using state-of-the-art technology with a powerful web-based graphical user interface, LISA is a solution that can satisfy new liquidity risk management requirements and support growing regulator demands for timely and reliable information. Stress-based scenarios may be user programmed into the system which then provides a real-time graphical model of the unstressed and stressed scenario with full drill-down transaction reporting.

(STB)Reporter -regulatory reporting. The ideal solution for all automated regulatory reporting requirements. With full support for key supervisory computations including capital adequacy (Basel II and III), large exposures and, combined with LISA, provides a comprehensive solution for global regulatory reporting with the stress and scenario testing. Reporter has a central regulatory data model and fully integrated and flexible inbuilt data integration (ETL) tools that allow seamless integration to any upstream or downstream system.

The Lombard Risk software solution suite also includes OBERON® trade capture and valuation, Firmament® credit and equity valuation and STB-Detector® AML and customer due diligence.

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Regulatory Compliance and Collateral Management By Lombard Risk

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Related posts:

  1. Broadridge and Lombard Risk Form Strategic Alliance in the Collateral Management Sector
  2. International Banking and Financial Services Conglomerate Chooses MetricStream for its Global Risk-Based Audit Program
  3. MetricStream Shares Risk and Compliance Management Best Practices with Top Vietnamese Banks
  4. DataArt Develops Advanced Risk Management System for IPM

February 21, 2011 By Rio McIntyre

Filed Under: SmallBiz News Tagged With: Employment

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