Lombard Risk expands Asia Pacific team to meet increased demand for collateral and regulatory solutions in the region

London - 12 December 2011

SunGard and OMGEO professionals join in key management roles

Singapore office relocates

Lombard Risk Management plc (LSE: LRM) ("Lombard Risk"), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, today announces two key appointments to support the firm’s expansion in Asia Pacific in line with an increase in demand for risk and regulatory solutions in the region.

Ted Wong joins Lombard Risk’s Hong Kong office in the role of Head of Sales, Asia Pacific where he will be responsible for direct and channel sales management in the region together with William Tong.

Ted joins from SunGard’s Financial Systems division and before that Fitch Solutions/Algorithmics. Ted says: “Lombard Risk is well-established and highly regarded in this region and is best positioned to meet the risk, particularly collateral, and regulatory issues firms here are facing.”

Greg Ballesty joins Lombard Risk’s global collateral management team as Director Pre-sales COLLINE – APAC in Singapore and is responsible for supporting sales initiatives in Asia-Pacific. His collateral management experience, gained from previous banking and software roles at OMGEO and Algorithmics, provides him with a unique understanding of the collateral management issues firms are facing AND details of solutions on the market. Greg says “Lombard Risk is well recognised in the collateral management field as a principal solution provider. The company has a clear vision and a passionate intent to succeed.”

Greg is located out of the new Singapore office: Lombard Risk is moving its Singapore operations to 30 Raffles Place, #20-04 Chevron House, Singapore 048622 -Telephone: (65) 6493 3491 as the team based locally there expands in number.

New REPORTER solution for CHINA: Lombard Risk recently announced an international financial services provider’s selection of the REPORTER solution for its regulatory reporting requirement in CHINA. The firm also uses REPORTER in Hong Kong, Japan and Indonesia.

Lombard Risk has had a long history of business in Asia, since 1989. It has 3 office locations in Asia, with more than 130 employees: Sales / Support offices in Hong Kong and Singapore, and a sizeable R&D centre in Shanghai headed up by Nick Davies, CTO. Lombard Risk has an extensive client base, many with multi-country implementations, enjoying global solutions and local knowledge.

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