"Kamakuraâs 185 clients span 27 countries," said Warren Sherman, Kamakura President and Chief Operating Officer. "We are very pleased and honored to partner with Zylog to bring best practice in risk management to India and South Asia. Kamakuraâs risk consulting, risk management information, and risk management software can provide sophisticated institutions in South Asia with the tools to avoid the kind of losses that have affected many institutions world-wide in the current credit crisis. Zylogâs outstanding track record makes Zylog a wonderful partner for Kamakura."
âZylog believes that the flexibility and power of the Kamakura Risk Manager system is perfect for the rapidly growing financial services sector in South Asia,â said Sudarshan Venkatraman, Chairman and Chief Executive Officer at Zylog Systems. âBank CEOs are interested in best practice risk management, and Kamakura is synonymous with âbest practice.â The current credit crisis has exposed the weaknesses of legacy risk systems and silo-oriented risk management.â
Suresh Parthasarathy, Director at Zylog Systems Asia, said âZylog is well established with banks in this region. Their needs for risk management solutions are tremendously increasing, and this partnership will position us as a serious player in risk management. Kamakuraâs powerful KRM system provides a fully integrated and totally transparent view of risk that South Asian institutions need.â