Allustra expands into Germany

18 October 2006

Allustra, the collateral management specialist, has announced it is to open an office in Frankfurt. The decision to open the office follows the successful global implementation and deployment of Allustra’s enterprise-wide collateral and margin management solution, Kyros, at WestLB. Allustra has identified Germany as a key market due to its large banking sector and the move will allow the firm to expand its customer base in the country.

“Experience shows the importance of establishing a local presence,” says Mark James, Managing Director of Allustra, “and we are fortunate to have the largest Landesbank as a customer. Allustra’s platform, Kyros, includes several unique features that are proving extremely relevant to the market, such as repo margining, securities lending, trade finance and inventory management. We predict that these, along with our technical and business expertise, will allow rapid expansion of Allustra’s customer base.”

To optimise its time to market, Allustra’s new office in Frankfurt will be managed by IBX, a leading distributor of innovative software solutions to the investment banking industry. IBX, headed by Managing Director Albert Vliegen, has built a strong reputation as a business expansion partner, combining a high-level relationship network with proven commercial skills and first class implementation resources.

Albert Vliegen, Managing Director IBX, adds: “Our recent market research in Germany confirms the unique potential for collateral and margin management solutions. Exploding trading volumes and ever more stringent regulations have made collateralisation a strategic priority for financial institutions. Allustra, with its unrivalled focus on global inventory management, enables customers to meet today’s challenges swiftly and securely, and help gain long-term competitive advantage. We are very excited to play an active role in Allustra’s expansion into Germany.”

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