Lombard signs for Linedata Compliance

Source: Linedata Services

Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that Lombard International Assurance S.A. (Lombard) has selected Linedata Compliance to support its activities.

A comprehensive pre and post trade compliance solution was required to support Lombard's rapidly expanding business. Lombard reviewed several of the leading systems in the marketplace and selected Linedata Services' compliance suite as the best fit for its needs in terms of technical infrastructure, functionality and local implementation timescales.

Bernard Denis, head of Lombard's fund accounting department, explained, "We take pride in delivering superior service that consistently exceeds expectations and surpasses industry standards. We are eager to take advantage of Linedata's automated compliance solutions to rapidly monitor compliance at the pre trade level and offer additional post trade compliance services to our trading partners. The solution will help us support our exponential growth while bringing value added services to the market."

Bernard Denis continued, "We have been impressed by Linedata Services' professionalism, expertise in compliance, technology leadership and by the quality of their Luxembourg based staff. We are looking forward to reaping the benefits of the solution and bringing value to our customers with a long term alliance with Linedata Services."

Habib Aouad, Executive VP for Linedata Services, commented, "Thanks to our continued investment in our solutions, we are able to provide best of breed technology and up to date functionality to our clients. The size of our company guarantees our customers stability and long term alliances, while our expertise provides user and end-client satisfaction. The compliance industry is moving away from being a cost centre and is becoming a real competitive edge for our customers, as they can provide services that are unmatched in the market. We are delighted to be part of Lombard's strategy as their business develops to the next level."

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