Broadridge Financial Solutions has entered into a strategic alliance with Lombard Risk Management to address changing industry needs in the collateral management sector.
The strategic alliance will combine Lombard’s technology with Broadridge’s applications and infrastructure.
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Through this partnership, Broadridge will distribute collateral management solutions that offer capital markets and investment management firms with greater control over the changing market framework.
In addition, the deal will expand the use of Lombard Risk’s technology as well as expertise of both the firm’s within key markets, particularly in the North American market.
Michael Hopkins, president of securities processing solutions fixed income & risk at Broadridge, said: "Collateral management is a natural extension of Broadridge’s product portfolio. We process more than $5 trillion of fixed income and equity trades on average per day and have a significant inventory of data already residing on our platforms."
John Wisbey, founder and CEO of Lombard Risk, said: "Through our COLLINE(R) collateral, clearing, repo and optimization 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."
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