âWe believe that best practice in risk management gives management the option to view risk on a fully integrated basis,â said Dominic Tsu, General Manager, Head of Risk Management & Control of Dah Sing Bank. âAfter an extensive world-wide request for proposal process, we believe that Kamakura provides the Bank with the best ability to analyze interest rate risk and credit risk both independently and jointly. Kamakuraâs experience in greater China and the firmâs world-wide reputation for continuous innovation were other key considerations in our decision to purchase KRM.â
"Dah Sing Bank CEO Derek Wong and Executive Director & Chief Risk Officer Frederic Lau are very highly respected bankers in the Asia Pacific Region," said Warren Sherman, Kamakura President and Chief Operating Officer. "It is an honor for us to work with them and their colleagues at Dah Sing Bank in asset and liability management and credit risk. We believe that an integrated view of risk is essential to âbest practiceâ as the savings and loan crisis in the United States in the 1980s so clearly illustrated. Dah Sing is a world leader in making the transition from the traditional âsiloâ approach to risk management to a truly integrated view of risk. We believe the team of James Lam, Unisys, Dah Sing and Kamakura will execute this risk management vision quickly and efficiently."