Lombard Risk Management plc (LSE: LRM), a provider of integrated regulatory compliance, collateral management and reporting solutions, has appointed Jonathan Trace as its newest Business Development Manager for the Nordics region and Netherlands, according to a Lombard statement.
In his newly created role at Lombard Risk Management, Mr. Trace will be tasked with developing a new client base for both groups’ COLLINE collateral management software and the AgileREPORTER regulatory compliance systems across Northern Europe. In addition, as its Business Development Manager, his mandate will also be to oversee the group’s product suite across the UK and Ireland.
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He joins Lombard Risk Management from FIS, formerly SunGard, having served as its sales account manager, focusing on post trade derivatives and securities. Additionally, he has worked in similar business development roles at Xtract Research, MergerMarket Group and Riskcare, dating back to 2006, according to information made public on his Linkedin profile.
According to Alastair Brown, Lombard Risk’s Chief Executive Officer (CEO), in a recent statement on the appointment: “Financial services firms in Europe continue to face highly complex regulatory demands and this will be an ongoing challenge for them. As they seek solutions to demonstrate clear compliance trails and robust data reporting, we expect demand to remain strong.”
“We are dedicated to innovating our product suite to ensure we provide the most agile and current solutions to our clients. Jonathan will play an important role in shaping how we develop our solutions, carefully assessing our client’s needs and how we can meet them. He has an excellent track record in business development and has worked extensively in the financial technology sector,” he added.
“Effectively managing regulatory requirements and collateral management needs intelligent technology to deliver the detail and process required to meet the demands of multiple regulatory authorities. As the level of financial regulation grows more and more complex and businesses broaden operations in international markets, managing and monitoring risk across all areas is vital,” explained Mr. Trace in an accompanying statement.