Guangzhou-based Investment Bank Adopts Cloud-Based Solution to Increase Operating Efficiencies and Boost Costs Savings
GF Securities, one of the five largest securities firms in mainland China, selected Imagine Software’s award-winning, cloud-based solution to satisfy its need for an integrated portfolio and risk management system. Following a successful pilot program, GF, an internal fund trading in equities, bonds, futures, and mutual funds, deployed Imagine throughout its risk management department.
Kong Wei Cheng, Vice General Manager of GF, said, “Imagine came highly recommended by a pioneer of the mainland financial services industry and, after using the system, it is clear why. Imagine’s highly flexible and extensible risk management system is years ahead of what is offered by most local vendors. This ability to scale is an essential element for us, along with Imagine’s capacity to support risk analysis and valuations encompassing the global derivatives market. We also continue to be impressed by the firm’s rich practical experience, particularly that of CEO Dr. Lance Smith.”
With the adoption of Imagine’s sophisticated solution, GF can now execute 24/7 real-time stress tests and VaR calculations. The ability to conduct simulations—historical and user-defined—is also heavily utilized, along with the system’s solid reporting engine. From an operational standpoint, GF fully expects to realize significant human resource cost savings by leveraging Imagine’s cloud-based system.
Angus Johnston, Head of Asia-Pacific Sales at Imagine, said, “With the addition of GF Securities, Imagine now serves two of the top five securities firms in mainland China. We are honored by GF’s selection and recognition of Imagine as an industry-leading risk management solution. We are delighted to help GF improve its operational efficiencies by providing a scalable solution that can be extended firm-wide and can grow with the fund.”