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Tech Capital
EPIC: LRM
Market: AIM
52-week High/Low: 15.30p / 5.53p
Sector: Software & Computer Services
Market Cap: 24.54M

Lombard Risk Management plc is a holding company. Through its subsidiaries, the Company is engaged in the provision of trading, valuation and risk management systems and regulatory, anti money laundering and compliance systems to the financial markets. In May 2007, the Company disposed its stake in its former subsidiary IDOX plc. In February 2008, the Company announced the sale of its independent valuation business. The Company has sold its wholly owned subsidiary, Independent Valuation and Risk Services Ltd (IVRS) to LIFFE (Holdings) plc. The Company’s subsidiaries include Lombard Risk Systems Ltd, STB Systems Ltd, Lombard Risk International Ltd and Lombard Risk International (USA) Inc.

Lombard Risk Management plc

www.lombardrisk.com

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Big picture - Why invest in Lombard Risk Management plc

Lombard Risk Management plc Snapshot

About Lombard Risk

Trusted by financial institutions and large organisations around the globe

Vision. Expertise. Execution.

Lombard Risk (LSE: LRM) is a leading provider of regulatory reporting and collateral management solutions that enable clients in the financial services industry to significantly improve their approach to managing risk.  With Lombard Risk, clients achieve the agility they need to gain advantage through intelligent automation of regulatory reporting and optimisation of cross-product collateral management, reducing the cost and complexity of managing risk while maximising accuracy, speed and value.

Lombard Risk’s global team of experts in jurisdictional regulatory obligations and practitioner-based experts in cross-product collateral management look beyond reporting and collateral management as defined today, to ensure the technologies Lombard Risk develops keep clients ahead of the market, now and in the future.

Our global presence, combined with partnerships with the world’s largest software and consultancy firms, mean that Lombard Risk is able to support your organisation, whatever its size, wherever you are.

Worldwide presence.

Clients include banking businesses – counting over 30 of the world’s ‘Top 50’ financial institutions – as well as investment firms, asset managers, hedge funds, fund administrators, insurance firms and large corporations worldwide.  Founded in 1989 and headquartered in London, Lombard Risk has offices in New York, Asia Pacific (Hong Kong, Shanghai, Singapore and Tokyo), and service centres in Germany, Atlanta, Cape Town, Luxembourg and Miami.

Providing agility. Delivering advantage.

Our vision is to enable our clients. We simplify some of the challenges of trading in a competitive, changing and regulated global environment. Lombard Risk solutions deliver real business advantage. Our focus on agility is reflected in the way we think about our own business, as well as the solutions we provide. Agility is integral to the way we design and develop our software, the commercial options we offer, the depth and breadth of our global partnerships and our vision of how collateral management and regulatory reporting will be delivered in the future.

We provide you with the agility to gain advantage.

 

Services

Agility to respond quickly to market demands often means being able to access specialist resources and expertise to facilitate your business development needs.

Our global team of experts focusing on jurisdictional regulatory obligations, alongside our industry experts in cross-product collateral management, ensure that we deliver the highest quality of professional services and ongoing support services.

In the area of regulatory reporting and collateral management, Lombard Risk offers a range of bespoke services designed to help you achieve the maximum benefits from your solutions in the shortest timeframes.

 

Implementation

Successful implementation is key – we have a proven process that works!

At Lombard Risk, we draw upon our industry experience and software expertise to guide you through the implementation process to a timely and successful completion.  Our team of experts help assess your functional requirements, and meet your business goals, to ensure that you maximise the value of your investment.

Our services do not stop when your deployment ends.  We offer a full range of ongoing service and support to provide continuous value and knowledge transfer for our clients.

 

Consulting and Training Services

Our subject matter experts and project management resources are the experts that turn our software into solutions.  Where organisations have unique operating requirements, Lombard Risk resources assess your needs and design solutions that enable the successful deployment of our regulatory reporting and collateral management solutions and related technology.  As part of our solution delivery our experts provide focused training ensuring that that you achieve maximum benefit from our fully integrated solutions.  As you grow and more people are added to your team, we can provide further training and consultancy to ensure your ongoing success.   Our experts deliver on Lombard Risk’s commitment to ensure that you achieve your business goals.

 

Global Support Services

Client support is an integral part of our business ethos.  As a Lombard Risk client you are assured of the quality and dedication of our team of support specialists, chosen for their knowledge and understanding of your business needs, as well as their enthusiasm for our approach to delivering client agility and advantage.

Our state-of-the-art workflow tools support us in our follow the sun service delivery model on a global, regional and solution-specific basis. Clients have peace of mind in knowing they have 24–7 access to our web-based support portal, supplemented by email, phone and remote access support, where all incidents and questions can be logged. This provides a valuable means of tracking issues throughout their lifecycle to successful resolution, and serves as a resource of frequently asked questions.

 

Solutions

Collateral Management

Powering Your Collateral Business

When an internal function shifts from being an administrative necessity to a potential competitive advantage, the systems supporting it must be totally re-engineered.

What has been a laborious back office process of finding, recording and valuing collateral across various business lines and platforms now has to respond to the regulators’ requirements for real-time granular management of liquidity and risk.

The cost of collateral management has gone up as a result of the need for greater regulatory transparency which means that it is critical to optimise the use of assets.

To achieve both in your business, you need an automated solution from Lombard Risk to power your collateral business.

COLLINE

COLLINE is a web-based solution that supports all of your regulatory and strategic collateral management needs anywhere your business operates, across all time zones. At the heart of the system is a powerful, configurable enterprise inventory manager that interfaces with your existing systems.

With this holistic understanding of the underlying assets, the system is then able to:

  • Automatically calculate exposure and balance collateral needs
  • Manage end-to-end margin call workflows
  • Reconcile margin call disputes
  • Calculate interest and produce fully configurable client statements
  • Provide consolidated information in user-defined dashboards
  • Support an array of sophisticated risk and trade analytics

For more information, please click here

 

AgileCOLLATERAL:  Collateral management in the cloud—providing an ‘out of the box’, cross-product platform that supports regulatory and strategic collateral management needs.  Light touch, but not light weight.

AgileCOLLATERAL is targeted to asset managers, buy-side brokers, pension funds, corporates and investment firms which need the agility to “turn-on” a collateral-in-a-box solution that is hosted in the cloud and eliminates the need for onsite installation and infrastructure costs.

It is intuitive, reducing the need for training, and modular—from adding asset classes as needed, to scaling up over time to handle more complexity and volume —all of which can be implemented in layers to control costs to match business needs.

AgileCOLLATERAL is helping buy-side clients meet the stricter uncleared collateral margin requirements being phased in from March 2017.  AgileCOLLATERAL offers the functionality of our market-leading COLLINE solution in a modular, light touch delivery format.

For more information, please click here

Alastair Brown

Chief Executive Officer

Alastair joined Lombard Risk in December 2015 as Chief Executive Officer.  A former divisional CIO and digital leader at RBS (Royal Bank of Scotland), Alastair has worked in the Financial Services industry for over 25 years.  With extensive experience of execution and delivery, he has worked in both front line businesses and technology groups, giving him significant insight into both the opportunities that technology offers, as well as the complexity of mobilising organisations to exploit those opportunities.

He has extensive experience in major transformation programmes, both as a veteran of the NatWest and ABN AMRO integrations with RBS, and having led migrations to new back-office platforms for the Fixed Income, Lending and FX businesses.  His experiences leading such initiatives from inside a major bank gives him a unique perspective as he starts working with Lombard Risk clients on their regulatory compliance and collateral management programmes.

Alastair holds a First Class Degree in Economics with an MSc (Dist.) in Information Technology, both from De Montfort University.  He is married with two teenage daughters, lives in South West London and his interests include cycling, bird watching, opera and current affairs.

Nigel Gurney

Chief Financial Officer

Nigel joined Lombard Risk in July 2014 as Chief Financial Officer and was appointed to the Board in September 2014.  He is a Chartered Accountant with over 20 years’ experience in a number of sectors, including software and financial services.

Prior to joining Lombard Risk, Nigel served as CFO for two AIM-listed groups, WH Ireland Group and Merchant Securities Group.  He was previously the Finance Director, EMEA & APAC, for Nasdaq-listed Ciena Corporation.  Nigel is also a Director of Celsius Productions Limited, a company involved in motion picture production.

Nigel was a key member of the leadership team which oversaw the sale of Merchant Securities to the Sanlam Group.

He holds a BSc in Management Science from the London School of Economics.  He is married and lives in South London.  His interests include running his cricket club, travel and playing bass guitar.

Mike Payne

Chief Technology Officer

Mike joined Lombard Risk in January 2016 as Chief Technology Officer (Interim). Since May 2016, he assumed the CTO role on a permanent basis. Mike has been managing technologists within the financial services industry for over 30 years. Most recently he was Managing Director responsible for Investor Services Middle Office Technology at J.P. Morgan. Previously at J.P. Morgan he led a multi-year program to build J. P. Morgan’s International Prime Brokerage technology platform. He has frequently partnered effectively with outsourced vendors and software vendors giving Mike a deep understanding of the challenges and opportunities faced at Lombard Risk.

Mike has extensive experience of delivering new front to back business systems and regulatory change programs at J.P. Morgan, Credit Suisse and other institutions. His experience of leading technology programs from within major financial institutions gives him a unique viewpoint as he further enhances the regulatory reporting and collateral management systems for Lombard Risk clients.

Mike has an honours degree in Zoology from Swansea, University of Wales.

Tina Wilkinson

Global Head of Product

Tina joined Lombard Risk in February 2016 as the Global Head of Product.  A senior executive in the capital markets and asset management businesses, Tina was Global Account Director at FIS/SunGard, Head of the Retail and Offshore Asset Management Business at Allianz as well as BNP Paribas, among other leadership positions.  Tina has been in the financial services industry for 30+ years and has extensive product development and investment management experience.  Her roles in both the front office and in running back office operations gives her a unique insight into institutional clients’ needs.

Through her investment management experience, Tina has been continuously involved in dialogue with global regulators and market participants and has been on the front line developing, building and managing solutions to address the increasing regulatory oversight requirements.  Her background in back office processing has sensitised her to the challenges of implementing complex systems and supporting full outsourcings of trading and fund administration businesses.  Tina brings a vital client perspective to the development of regulatory reporting and collateral management solutions which are mission critical for the broader financial participants – including energy and commodities firms, as well as banks and asset managers.

Tina holds a Masters of Business Administration from Cornell University (Johnson School of Management) and a Bachelor’s degree in Business Administration from City University of New York in Economics and Finance.  She is married, lives in the heart of The City in London and is a keen golfer, runner and music lover with a passion for opera and jazz.

 

Leonie Alsop

Chief Marketing Officer

Leonie joined Lombard Risk in July 2017 as Chief Marketing Officer.  Leonie has worked in the finance and financial technology sector for more than 20 years, most recently as Chief Marketing Officer at Strategic Insight where she led a major brand transformation project spanning 14 separate entities and portfolio companies.  Prior to that she held senior marketing positions at OpenLink and Temenos where she had specific focus on marketing strategy and delivering integrated marketing programmes to meet company objectives.

Leonie was also Global Head of Marketing and Communications at Wall Street Systems where she developed and implemented a new brand and marketing strategy, positioning the company’s products and services to target markets worldwide. Her role was central to the growth of the company prior to its sale to ION Trading.

Leonie is CIM / CAM Foundation Marketing Certificate qualified and holds a BA (Hons) in Design for Communication Media from Manchester Metropolitan University.

 

Thomas Chevalier

Head of Sales, EMEA

Thomas joined Lombard Risk in 2016. He heads Sales and Business Development for EMEA. Thomas has a successful track record in launching products and growing businesses in the Fintech sector across Europe. Before joining Lombard Risk, Thomas lead the European sales team of the Portfolio Risk Division of Standard & Poor’s.

Previously, Thomas was Regional Manager at Algorithmics with responsibility for Southern Europe, and was the Co-founder and Director of Almonde (a software vendor sold to Misys, plc in 2004).  Thomas successfully built, structured and led outstanding teams that achieved significant revenue and profit growth.

Thomas has a Masters Degree in Banking, Finance and Insurance from the Paris-Dauphine University. He also holds the FRM designation and is a certified NLP practitioner. His interests include sailing, climbing and personal development.

 

John Groetch

Managing Director, Americas

As the regional leader, John’s role spans across our functional lines to ensure our business in the North American territory addresses the needs of our local clients, employees and partners. John is focused on creating and maintaining a performance based culture where the motivations include achieving profitable revenue growth, high levels of customer satisfaction, and an exciting work environment that fosters collaborative learning and team based execution.

Before joining Lombard Risk in 2014, John developed and executed the sales and go-to-market strategy for Markit Analytics in New York. Prior to that role, he was the Head of Risk Solutions at Calypso USA, the COO Americas of Razor Risk Technologies, and CEO and co-founder of Treasury Management Systems, Inc. Additionally, John has held senior roles at Dresdner Kleinwort Benson where he ran the FX trading and sales team and at Deutsche Bank, Frankfurt and New York.

John has led our New York based team in successively doubling our business in the North American region. It is our fastest growing region in terms of new clients, revenues and new employees and is now an established centre of excellence for our collateral management and regulatory reporting businesses.

John holds an MBA in Concentrations Finance from the Simon School at the University of Rochester and a dual BS in Chemistry and Economics from the State University of New York.

 

Joseph Kubeyka

General Manager, Asia Pacific

Joe joined Lombard Risk in 2017 as General Manager for the Asia Pacific Region. He has a strong track record in developing company growth through business development opportunities.  He has 15+ years of leadership experience in the financial technology industry that also includes a trading, risk management and operations business background in the financial markets.

 

Ian Dwyer

Director of Global Alliances

Ian joined Lombard Risk in February 2017 as Director of Global Alliances.  He has over two decades of experience in the Information Technology Sector.

Ian was previously at Swiss Bank Corporation and IBM. He then joined Oracle as head of EMEA Platform Alliances, prior to moving to the United States as Vice President of Global Alliances and Channels for Art Technology Group and subsequently Spotfire, later running their global alliance programme with Sun Microsystems.   Ian has held roles at Thunderhead, where he dramatically grew their Financial Services sector through strategic systems integration partnerships, and at MarkLogic as head of EMEA Alliance Channels.

Ian was born in Switzerland and holds a B.A. degree in Political Science from the University of San Francisco. His hobbies include skiing and walking in the countryside with his three dogs.

 

Peter Francis

Global Head of Professional Services

Peter joined Lombard Risk in 2009 as Global Head of Professional Services.  He has worked in various professional services leadership roles at financial software vendors for over 15 years, including IBM, Interwoven and Scrittura.  Peter has significant international experience having led professional services teams in EMEA, APAC and the US, and has delivered projects at financial institutions of all sizes.

Peter has an MSc in Computer Science from the University of Kent, and a PgCert Mathematical Finance from the University of London.

 

Sue Kent

Chief Administrative Officer

Sue Kent originally joined Lombard Risk in 1992 and re-joined in 2009.  Sue is Chief Administrative Officer responsible for negotiating and managing client contracts and third party documentation, facilities and office management and key operational aspects for the group.

 

Peter Taylor

Human Resources Director

Peter joined Lombard Risk in 2015, and has global responsibility for Human Resources.  Peter started his career at Electronic Data Systems (EDS), Computacenter and Compaq, and has held senior roles at Sabre as EMEA HR Director, and Vice President at TomTom located in Amsterdam.

Peter has a Bachelor’s degree from the University of Westminster, and is a Fellow of the Chartered Institute of Personnel and Development.

Identity and Percentage Holdings

Lombard Risk Management plc has issued 400,593,920 shares in total with one voting right per share.  There are 234 shares held in treasury. 21.32% of shares are not in public hands.

Significant Shareholders (>3%)
The table below lists all significant shareholdings of 3% or more of the ordinary share capital of the Company of which the Company is aware from the shareholder register or other notification on 25th April 2017.

Name

No. Shares %Holding
Mr John Michael Wisbey 70,687,264 17.6%
Liontrust Asset Management 38,221,530 9.6%
Legal & General Investment Management 36,433,327 9.1%
Cannacord Genuity Group Inc 33,002,188 8.2%
Ruffer LLP 31,445,612 7.9%
Herald Investment Management Limited 24,271,113 6.1%
Fidelity International Limited (FIL) 21,249,483 5.3%
 Mr Richard Sneller 12,500,000 3.1%

 

Lombard Risk
7th Floor
60 Gracechurch Street
London
EC3V 0HR
Tel: +44 (0) 20 7593 6700

Nominated Adviser and joint Broker
finnCap Limited
60 New Broad Street
London
EC2M 1JJ1

Joint Broker
WG Partners LLP
85 Gresham Street
London
EC2V 7NQ


Solicitors
Memery Crystal
44 Southampton Buildings
London
WC2A 1AP


Auditors
Grant Thornton UK LLP
Grant Thornton House
Melton Street
Euston Square
London
NW1 2EP


Registrars
Computershare Investor Services PLC
PO Box 859
The Pavilions
Bridgwater Road
Bristol
BS99 1XZ

Lombard Risk Management plc Timeline

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