Krung Thai Bank Selects Kamakura Risk Manager for Interest Rate Risk, Foreign Exchange Risk, Market Risk and Bank-Wide Liquidity Risk Management

New York - 6 October 2011

Honolulu-based Kamakura Corporation announced today that Thailand’s Krung Thai Bank has selected Kamakura Risk Manager for enterprise risk management, including management of interest rate risk, foreign exchange risk, market risk and liquidity risk. Kamakura Risk Manager (“KRM”), now in version 7.3, is a fully integrated risk management system that has been continually enhanced and expanded since Kamakura’s founding in Asia in 1990. KRM is seamlessly compatible with Kamakura Risk Information Services’ default probabilities for public firms, non-public firms and sovereigns that are updated on a daily basis.

Based in Thailand with 1,957,827 million Baht in assets (almost US $63 billion), Krung Thai Bank needed a solution that would allow it to produce daily Bank of Thailand regulatory reports and, most importantly, customer behavior adjusted daily liquidity reporting with contingency planning. Krung Thai joins a number of other large banks in Thailand that have already implemented Kamakura Risk Manager software. The installation of KRM and related consulting and training were done in conjunction with a very talented distribution team which has worked and trained closely with Kamakura’s risk experts led by Research Director Professor Robert Jarrow and Kamakura CEO and founder Dr. Donald R. van Deventer, both members of the RISK Hall of Fame.

“Kamakura Corporation is extremely pleased to have Krung Thai Bank as a client,” said Kamakura Chief Administrative Officer Martin Zorn. “Kamakura has worked with 82 banks, insurance companies, corporations and governments in Asia, and each new client has made an important contribution to the quality of Kamakura’s enterprise risk management software, risk information service KRIS, and risk consulting business. Kamakura looks forward to many decades of advancing the state of risk management with the risk team at Krung Thai.”

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