Societe Generale doubles down on Lombard Risk’s collateral services
Latest news
Societe Generale doubles down on Lombard Risk’s collateral services 02 March 2017 New York Reporter: Drew Nicol
Image: Shutterstock
Lombard Risk has extended its relationship with Societe Generale as a user of its flagship collateral management solution—Colline.
Societe Generale will now leverage the platform for collateral management and optimisation of its exchange-traded derivatives business, in addition to over-the-counter and clearing business lines.
The bank already uses Colline for its global securities services, prime services and investment bank operations.
Franck Docquier, global head of collateral management operations at Societe Generale, said: “Lombard Risk has been an excellent partner in responding to our group’s global collateral management challenges and we see clear benefits for us and our clients, who are seeking a more agile and robust solution."
"This extended partnership demonstrates the high quality of service, trustworthiness and commitment offered to our business. We look forward to continuing our longstanding relationship with Lombard Risk.”
Alastair Brown, CEO of Lombard Risk, added: “This extended partnership forms part of our long established relationship with Societe Generale to improve its collateral management processes across all of its businesses."
"By offering an agile and adaptable solution, Lombard Risk ensures that it can continue to support Societe Generale’s strategic collateral management objectives going forward.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 