Lombard Risk Management PLC Extension of Partnership with Societe Generale

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: [phone] 
  Alastair Brown, CEO               6700 
  Nigel Gurney, CFO 
 finnCap                           Tel: [phone] 
  Stuart Andrews                    0500 
  Carl Holmes 
  Scott Mathieson 
 
  WG Partners LLP (Joint Broker) 
  David Wilson                      Tel: [phone] 
  Andrew Craig                      9330 
  Chris Lee 
 Newgate                           Tel: [phone] 
  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

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March 01, 2017 02:01 ET (07:01 GMT)