Press Releases
LLB Group Selects SunGard’s Ambit Risk & Performance Management Solution for Liquidity Risk Management
September 7, 2009 — Winterthur, Switzerland
LLB Group (Liechtensteinische Landesbank AG, Liechtensteinische Landesbank (Schweiz) AG and Bank Linth LLB AG), has selected SunGard’s Ambit Risk & Performance Management solution to support its liquidity risk management and asset/liability management. The solution will help LLB Group’s risk management team meet new liquidity risk requirements, employ new risk and profitability metrics in their banking and investment book positions and obtain a single view of all the group’s current and future positions. This will help the team to better perform risk, treasury and margin analysis on these positions.
LLB Group will use the solution’s automated processes to calculate liquidity risk measures to meet enhanced stress testing requirements recently mandated by the Bank for International Settlements and local regulators. The solution will also provide market risk metrics (such as MCVaR) for LLB Group’s banking and investment book positions. This will help LLB include its entire balance sheet in its risk management analysis through a certified Ambit-Avaloq Adapter, which provides a simple and secure connection to the Group’s Avaloq Banking System.
Andre Oehler, head of risk management at LLB Group, commented, “SunGard’s Ambit Risk & Performance Management solution will help us to grow by predicting our future margin evolution through the combination of sound risk management and margin analysis. The integration of asset liability management (ALM) and market risk management functions into one solution, plus the connection to our Avaloq system, will help to efficiently prepare LLB Group for our current and future risk management needs.”
Andi Hug, vice president for SunGard’s Ambit Risk & Performance business unit, commented, “Ambit Risk and Performance will help LLB Group by providing a seamless, integrated ALM, liquidity and market risk management solution, helping to ensure the group gains an efficient, accurate and complete multidimensional analysis of its balance sheet.”
About LLB Group
Liechtensteinische Landesbank AG (LLB) is the most tradition-steeped financial institute in the Principality of Liechtenstein. The Principality of Liechtenstein holds the majority of the company’s share capital. LLB’s shares are listed on the SIX Swiss Exchange (symbol: LLB). As a universal bank, the LLB Group offers comprehensive wealth management services in private banking, asset management, fund services and trust services. With over 1,000 employees, LLB is represented in Liechtenstein, Switzerland, United Arab Emirates, the Cayman Islands and Hong Kong.
About Ambit
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit www.sungard.com/ambit.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com