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Zenith Bank (UK) Limited Turns to kACE for its Money Market & FX Desk in London

Kalahari, the provider of trading analytics product platform and real-time, ready to use pricing and publishing solutions, today announced that Zenith Bank (UK) (“Zenith”), London has selected kACE™, the real-time price discovery, analytics and decision support solution, to price Forward Foreign Exchange, IRS, FRAs and OISs, including Nigerian Niaras in preparation for when it becomes a freely floated currency, on their Money Market and FX desk in London.

Zenith is the UK subsidiary of Zenith Bank Plc, one of the leading banks in Nigeria. Zenith provides products and services to UK and European Corporations trading with and investing in Nigeria and other West African countries.

Zenith works with Nigerian Banks and Corporations to facilitate trade and investment flows as well as participating in Trade and Project financings for West African borrowers.

Paul Whippy, Treasurer at Zenith London said, "We chose kACE because it is a proven solution already widely used amongst the international banking community. We are very impressed by Kalahari’s record of successful implementations and client support model.”

Andrew Crawford, Business Support manager at Kalahari said, “We are very pleased that Zenith has decided to join the many other banks who have embraced the advantages of kACE. Being selected by a newly created bank underscores our ability to deliver the business results our clients need and respond to the challenges facing the financial markets today.”