Lombard Risk Management PLC Record Year for COLLINE® Milestones

TIDMLRM

Lombard Risk Management PLC

22 February 2017

22 February 2017

Lombard Risk Management plc

("Lombard Risk")

Lombard Risk Announces record year for COLLINE(R) Milestones

Lombard Risk Management plc (LSE: LRM), a leading provider of collateral management and regulatory reporting solutions, announces substantial growth of its North American client base and major new product additions.

Over the past year, COLLINE(R) has been delivered to a record number of clients across both the buy- and sell-side in the US and Canada, with 5 major clients going live in the current quarter. Banks as well as investment management firms have implemented COLLINE(R) to realize their vision of a single enterprise-wide collateral platform.

This growth can be attributed to the visionary roadmap that has underpinned the development of COLLINE into a single, multi-asset class collateral platform. With the launch of the new Exchange Traded Derivative (ETD) module, COLLINE extends its reach to all asset classes and products, covering OTC, ETD, ETFs, Repo and Securities Lending. Providing a single platform is critical to support firms with a single inventory view and cross-asset optimisation.

The new ETD release follows swiftly on from the successful delivery in May 2016 of the un-cleared margin regulations for both Dodd Frank and EMIR (IOSCO). The well-timed regulatory functionality saw several clients who were affected by the September 1(st) 2016 US deadline seamlessly transition to the new framework and provides confidence to those who must meet the European March 1(st) 2017 start date. Lombard Risk will be delivering further global regulatory updates for other regions such as Hong Kong, Singapore and Australia, in due course.

Helen Nicol, Global Product Director, Collateral Solutions from Lombard Risk said: "With the increasing breadth of COLLINE(R), new client segments are able to take full advantage of the time-tested resilience of our collateral solution. Giving access to solutions that provide performance enhancing functionalities is vital for client success. We already have a number of new and existing market leaders in the US and Europe signed up for the new modules. Driving the vision of change allows us to stay ahead of demand and gives our clients the greater agility they need to gain advantage in their given markets."

Alastair Brown, Lombard Risk's Chief Executive Officer commented: "We are delighted that COLLINE(R) is making such substantial progress in North America. This is a key market for Lombard Risk and our ongoing success demonstrates a strong demand for our products. We are increasingly seen as the vendor of choice in the collateral solutions market and we look forward to providing updates on further successes in the future."

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] 
  Claes Spång                  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

This information is provided by RNS

The company news service from the London Stock Exchange

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February 22, 2017 02:01 ET (07:01 GMT)