London, England-based Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, reports that its collateral management, clearing, inventory management and optimisation solution — called Colline — has tallied a “significant number of sales and ‘go-lives’ in the past few months.”
Specifically, Lombard Risk notes that Colline was picked for collateral management by four “major U.S. and Canadian firms;” that two Colline clients “went live in Europe, simultaneously”; and that Colline was picked by two new Asia-Pacific clients.
Although none of the new clients was identified by name, Lombard characterized them as follows.
In North America:
- “One of the largest banks in the United States by market value;”
- “An independently operated investment management subsidiary of a major Tier 1 multi-national banking and financial services holding company, focused exclusively on providing fixed income and stable value management services to institutional investors;”
- “A major national financial services organisation and leading provider of retirement services in the academic, research, medical and cultural fields;”
- And “One of Canada’s largest banks as measured by assets, and one of North America’s leading diversified financial services companies.”
In Europe:
- “Both a European Tier 1 bank with a worldwide license for nearly the full Colline suite;”
- And “a major Luxembourg-based bank also licensed for Lombard Risk’s collateral management solution.”
In Asia Pacific:
- “A Japanese multi-national banking and financial services company;”
- And “a Japanese cooperative bank serving over 5,500 (agriculture, forestry and fishery) cooperatives.”
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