Lombard Risk Management forms global alliance with Broadridge Financial

13th Mar 2014 08:45

Lombard Risk Management, a provider of integrated collateral management, regulatory compliance and reporting solutions, has formed a global alliance with Broadridge Financial Solutions, a technology-driven solutions provider, to address changing industry needs in the collateral management sector.Lombard explained that in recent years, several factors, such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral, have prompted firms to rethink their approach to collateral management. It said that in response to these changing market dynamics, the strategic partnership would combine Lombard Risk's technology with Broadridge's applications and infrastructure.John Wisbey, Founder and Chief Executive of Lombard Risk, said: "Through our Colline collateral, clearing, repo and optimisation technology, we have achieved a market-leading position, with significant amounts of collateral being handled through our platform and several tier 1 banks on our client list. "We are delighted that our firm and technology have been chosen by Broadridge to power their collateral management platform. Our alliance will extend the use of Lombard Risk's technology and our joint expertise within key markets and segments, particularly in the important North American market."NR