Banca Esperia selects Algorithmics’ portfolio construction and risk management service

Toronto/London/Rome - 22 August 2007

Algorithmics today announced that Banca Esperia, the private bank of Mediobanca, Mediolanum & Partners, has selected Algo Risk Service, a web-based portfolio construction and risk management service, for optimizing its risk-reward trade-off.

Banca Esperia’s Chief Investment Officer, Roberto Russo, said, ‘We have seen rapid growth in our assets under management over the last 5 years. Our clients typically require strongly diversified investments to reduce the average risk of their portfolios, including a wide range of alternative investments. As we continue to grow, we want to ensure we always have the best possible systems in place to monitor our risk-reward trade offs, scenario test our investment strategies etc.

'We believe that the Algorithmics solution provides this for us, giving us the ability to manage complex instruments without any technological constraints. Because it is a managed service, hosted by Algorithmics and delivered online, the system can be put in place quickly and does not involve us in a large capital outlay.’

Andrew Aziz, Executive Vice President of Risk Solutions, said, ‘Algo Risk Service was designed with the needs of risk managers, portfolio managers, traders and quantitative analysts in mind. It can assist clients in monitoring, managing and optimizing risk across all asset classes and investment strategies, using state-of-the-art risk measurement and investment support tools.

‘The solution can be accessed by Banca Esperia’s offices throughout Europe. It provides great flexibility and the user-friendly interface can be used to help demonstrate to their clients and potential investors they have the comprehensive risk and portfolio modeling tools needed to cope with the increased complexity of global markets.’

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