Imagine Software, a leading provider of on-demand trading, portfolio, and risk management solutions, and QRMO (Quality Risk Management & Operations Limited), a Hong Kong-based risk and operations consulting firm, today announced a collaborative project to provide Hong Kong-based Lotus Asset Management with comprehensive, state-of-the-art risk management and front-to-back business processes. Full production status is slated for the end of September.
Combining Imagineâs award-winning software and QRMOâs regional consulting expertise will enable Lotus to migrate smoothly from a legacy spreadsheet-based environment to a robust, institutional-grade infrastructure. The move is key to satisfying Lotusâ objectives of offering new funds and strategies to its investor base and maximizing âbest practiceâ risk management and operations capabilities in light of todayâs volatile markets.
Lawrence Lai, a director at Lotus, explained why Imagine and QRMO were selected. âOur experience in trading OTC equity derivatives proved the necessity for robust and scalable software and processes. Our growth objectivesâplus the need to offer and support the strategy diversity todayâs investors demandâmandated an integrated, real-time portfolio, risk, and back-office approach. A collection of piecemeal solutions was not realistic in terms of overall capabilities, cost, and support requirements.â
According to Angus Johnston, Imagineâs Asia-Pacific regional sales manager, âOur software plus QRMOâs outstanding business process, risk, and operations expertise provide for an implementation that will greatly expand Lotusâ capabilities and provide marked operational efficiencies.â He added: âThe utilization of Imagineâs ASP service, Derivatives.com, not only allows the fast time-to-market every business wants, but provides all of the software, value-added data, and processing services Lotus needs for day-to-day operations.â
Albert Chiu, QRMO founding partner and co-director, remarked of the joint project: âWeâre very pleased that Lotus, with its well-established and thriving funds, selected Imagine and QRMO to help drive its strategic plans for continuing growth and success. Weâll work hand-in-hand to deliver a wide range of customized reports, workflows, and processes for their risk management, middle- and back-office operational needs.â The leading-edge functionality and new capabilities, Chiu said, âwill provide tangible competitive advantages.â