Kamakura Corporation announced Wednesday that it has opened new offices in Beijing and Shanghai to support its rapidly growing client base and distribution partners in China. The new offices, headed by Kamakura veteran and Managing Director Ms. Li Li, will work closely with distribution partner Fiserv and clients in Beijing, Shanghai, Xiamen and Hong Kong. The offices will also support Fiserv and clients in Malaysia and Thailand. Kamakura Corporation has had a continuous presence in Asia since its founding in April 1990. Other Asia-Pacific offices include Seoul, Tokyo, Melbourne and, via Fiserv, Singapore and Taipei.
Ms. Li commented Wednesday, âKamakaraâs current clients include two of the four largest banks in China, and the new offices are dedicated to support them and our other clients in greater China. Kamakuraâs China staff provides real time support both for the Kamakura Risk Manager enterprise-wide risk management solution and Kamakura Risk Information Services public firm and sovereign default probability service. The offices are seamlessly integrated with other Kamakura offices in London, New York, Los Angeles and Honolulu via a two way Vidyo service which can bring Kamakuraâs expertise face to face with clients in China from anywhere around the world. Our Chinese clients in particular are looking forward to regular dialogue with Kamakuraâs Managing Director for Research Professor Robert A. Jarrow of Cornell University.â
Kamakura Risk Information Services currently offers daily updates of default probabilities for public firms in China and 29,000 public firms in 32 other countries. Kamakura Risk Manager is a fully integrated credit risk, market risk, interest rate risk, and performance management system. It is used around the world by banks, insurance companies, government entities and other clients for risk management and government mandated stress tests and capital adequacy measures like Basel II and III and Solvency II. The KRM-rp web-based reporting system offers both modern Chinese and traditional Chinese reporting of risk management measures via the internet.
Managing Director Li and her staff can be reached at the new offices as follows:
Kamakura Corporation, Beijing:
Level 19 Tower E2 Oriental Plaza
1 East Chang An Avenue
Dong Cheng District Beijing 100738 China
Kamakura Corporation, Shanghai:
Level 29 Shanghai Kerry Centre
No.1515 Nanjing West Road, Shanghai, China 200040