Lombard Risk Management has formed an alliance with Broadridge Financial Solutions to address changing industry needs in the collateral management sector.
In recent years, several factors such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral have prompted firms to rethink their approach to collateral management.
In response to these changing market dynamics, the partnership will combine Lombard Risk’s technology with Broadridge’s applications and infrastructure.
“Through our COLLINE collateral, clearing, repo and optimisation technology we have achieved a market-leading position, with significant amounts of collateral being handled through our platform and several Tier 1 banks on our client list. We are delighted that our firm and technology have been chosen by Broadridge to power their collateral management platform. Our alliance will extend the use of Lombard Risk’s technology and our joint expertise within key markets and segments, particularly in the important North American market,” says John Wisbey, founder and CEO of Lombard Risk.
“Collateral management is a natural extension of Broadridge’s product portfolio. We process more than USD5trn of fixed income and equity trades on average per day and have a significant inventory of data already residing on our platforms,” says Michael Hopkins, president of securities processing solutions fixed income and risk at Broadridge. “By partnering with Lombard Risk, we will deliver collateral management solutions that will provide capital markets and investment management firms with greater control over the changing market framework and create true strategic and economic value.”