02 Dec 2008
VP Bank Group Selects Thomson Reuters to Implement a New Risk System
Vaduz, Liechtenstein – Thomson Reuters today announced that it has been selected by VP Bank Group, <VPB.S>
VP Bank is implementing a new core banking platform at its headquarters in Liechtenstein to link up its subsidiaries around the world and support its international growth. Thomson Reuters will provide a key element of the new system with its implementation of Kondor+, its sophisticated front-end position keeping system, and Kondor Global Risk Management, which consolidates credit limit information and manages the data in real-time across all instrument types. In addition, Thomson Reuters will provide the system integration, linking Kondor+ to the new core banking platform.
Sönke Björn Vetsch, Chief Group Information Officer, VP Bank, outlined a few of the main benefits of the new software for the bank: “With Kondor+ and Kondor Global Risk, we will be able to support our centralised business functions with modern and well-established functionality. This will allow VP Bank to continue its international growth strategy.”
“Thomson Reuters is committed to providing innovative risk solutions to the market and is pleased to have been entrusted by VP Bank on this critical project,” said Andrew White, Global Head of Risk Management, Thomson Reuters.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
About Thomson Reuters Risk Management
Thomson Reuters is the largest provider of Trade and Risk Management solutions globally serving over 750 financial institutions. Thomson Reuters Risk solutions offer sophisticated, tailored functionality at every step of the trade – from STP enabled front-to-back trading systems to enterprise wide risk management – allowing our customers to efficiently manage their market, credit and operational risks. The company has the global strength that is required of a long term strategic partner with more than 900+ risk professionals in 83 countries. Thomson Reuters was recently recognized as the “# 1 Overall Risk Vendor” in the ASIA RISK Annual Technology Survey, voted the “Best Risk Management Vendor” by WATERS magazine and received the “Best Trading System Vendor” in RISK magazines RISK20 awards. For more information about Thomson Reuters Risk Management solutions go to www.reuters.com/risk
Media Contacts
Yvonne Diaz
Public Relations Director
Thomson Reuters
Tel: +44 (0)20 7542.2615
Email