Lombard Risk announces ANZ expansion
Global risk management and regulatory reporting firm, Lombard Risk Management plc, has announced the expansion of its team in Australia and New Zealand.
The firm announced this week that the expansion was taking place in response to increasing demand for its Regulatory Technology (regtech) and collateral management solutions.
Making the announcement, it said demand in the region was being driven in part by the Australian Prudential Regulation Authority’s (APRA’s) overhaul of its key regulatory reporting requirements for the first time in 15 years.
It said it was seeing strong demand for its solutions from Australian banks, building societies and credit unions as well as other financial institutions in the region.
The company said that as part of its expansion in Australasia, Colm Gaughran would take the role of Country Manager of Australia and New Zealand based in Sydney and would lead the ongoing expansion of the firm’s regtech solutions.
It described Gaughran as being a senior investment professional with over 20 years of experience covering buy-and-sell-side firms in the areas of risk, derivatives, collateral management and regulatory compliance.
Gaughran has been with Lombard Risk since 2016 and was previously global head of collateral management product at JPMorgan.
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