TIDMLRM
Lombard Risk Management PLC
01 March 2017
1 March 2017
Lombard Risk Management plc
("Lombard Risk")
Lombard Risk extends its global strategic partnership with
Societe Generale
Lombard Risk Management plc (LSE: LRM), a leading provider of
collateral management and regulatory reporting solutions, announces
that it has extended its global strategic partnership with Societe
Generale, one of the largest financial services groups in the
world, for the Collateral Management Solution COLLINE(R).
Societe Generale will use the award-winning collateral
management solution to centralise and automate its cross-product
collateral management operations across its various business lines.
This includes both Societe Generale's investment bank and its prime
services and securities services businesses globally, with users
located in New York, Chicago, London, Paris, Bangalore and Chennai,
India. COLLINE(R) will be deployed on Societe Generale's internal
cloud to ensure the highest level of scalability, resilience and
flexibility of the centralised platform.
As part of this extended global strategic partnership,
COLLINE(R) will be used for the Collateral Management and
Optimszation of the Exchange Traded Derivatives (ETD) business of
Societe Generale in addition to the Over-The-Counter (OTC) and
Clearing business lines. The decision follows a competitive global
selection process, and will allow Societe Generale's Prime Services
business (formerly known as Newedge, one of the largest Futures
Commission Merchants globally) to benefit from a robust system to
allow higher volume and enable its clients to post a wide range of
collateral.
Helen Nicol, Global Product Director, COLLINE(R), Lombard Risk
commented: "We are delighted that Societe Generale has chosen to
strengthen our long standing collateral management relationship and
further expand its use to include Exchange Traded Derivatives and
optimisation modules. We are seeing this as a new trend in the
marketplace as banks are recognising the benefits of centralising
collateral management onto a single platform."
Alastair Brown, Chief Executive Officer, Lombard Risk commented:
"This extended partnership forms part of our long established
relationship with Societe Generale to improve its collateral
management processes across all of its businesses. By offering an
agile and adaptable solution, Lombard Risk ensures that it can
continue to support Societe Generale's strategic collateral
management objectives going forward."
Franck Docquier, Global Head of Collateral Management
Operations, Societe Generale commented: "Lombard Risk has been an
excellent partner in responding to our group's global collateral
management challenges and we see clear benefits for us and our
clients, who are seeking a more agile and robust solution. This
extended partnership demonstrates the high quality of service,
trustworthiness and commitment offered to our business. We look
forward to continuing our longstanding relationship with Lombard
Risk"
For further information please contact:
Lombard Risk Management plc Tel: 020 7593
Alastair Brown, CEO 6700
Nigel Gurney, CFO
finnCap Tel: 020 7220
Stuart Andrews 0500
Carl Holmes
Scott Mathieson
WG Partners LLP (Joint Broker)
David Wilson Tel: 020 3705
Andrew Craig 9330
Chris Lee
Newgate Tel: 020 7680
Bob Huxford 6550
Charlotte Coulson
Adam Lloyd
ENDS
About Lombard
Lombard Risk is a leading provider of regulatory reporting and
collateral management solutions to the financial services industry.
Through intelligent automation and optimisation, Lombard Risk's
clients are able to improve their approach to risk management,
gaining the agility they need to have a competitive advantage. As
well as bringing immediate and urgent solutions to clients' needs,
Lombard Risk's global team of experts look beyond today's reporting
and collateral management to develop technology solutions that help
them adapt as industry challenges evolve.
Counting over 30 of the world's 'Top 50' financial institutions
among its clients, Lombard Risk has been a trusted partner for 28
years. Founded in 1989 and headquartered in London, it has offices
in New York and Asia Pacific (Hong Kong, Shanghai, Singapore and
Tokyo), and service centres in Germany, Atlanta, Cape Town and
Miami. Find out more at lombardrisk.com
About Societe Generale
Societe Generale is one of the largest European financial
services groups. Based on a diversified universal banking model,
the Group combines financial solidity with a strategy of
sustainable growth, and aims to be the reference for relationship
banking, recognised on its markets, close to clients, chosen for
the quality and commitment of its teams.
Societe Generale has been playing a vital role in the economy
for 150 years. With more than 145,000 employees, based in 66
countries, we serve on a daily basis 31 million clients throughout
the world. Societe Generale's teams offer advice and services to
individual, corporate and institutional customers in three core
businesses:
n Retail banking in France with the Societe Generale branch
network, Credit du Nord and Boursorama, offering a comprehensive
range of multi-channel financial services at the leading edge of
digital innovation;
n International retail banking, insurance and financial services
to corporates with a presence in developing economies and leading
specialised businesses;
n Corporate and investment banking, private banking, asset
management and securities services, with recognised expertise, top
international rankings and integrated solutions.
Societe Generale is currently included in the main
sustainability indices: DJSI (World and Europe), FSTE4Good (World
and Europe), Euronext Vigeo (World, Europe and Eurozone), Ethibel
Sustainability Index (ESI) Excellence Europe, 4 of the STOXX ESG
Leaders Indices, MSCI Low Carbon Leaders Index.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRABCGDDSUDBGRI
(END) Dow Jones Newswires
March 01, 2017 02:01 ET (07:01 GMT)
Lombard Risk Management (LSE:LRM)
Historical Stock Chart
From Dec 2024 to Jan 2025
Lombard Risk Management (LSE:LRM)
Historical Stock Chart
From Jan 2024 to Jan 2025
