Crédit Agricole Asset Management rolls out DSTi risk management system

Source: DST International

DST International (DSTi) – the leader in business solutions for the financial services industry - announced that it has implemented DST International's risk management solution for Crédit Agricole Asset Management (CAAM) worldwide market risk control.

DSTi's sophisticated enterprise-wide risk management solution delivers superior Value at Risk results through its unique Event Simulation Methodology. DSTi's risk engine captures the characteristics of normal and non-normal distributions, non-linear sensitivities and, in particular, the fact that correlations are unstable through time. The portfolio's risk characteristics can be evaluated during high and low risk market environments often revealing hidden and subtle risks making it the ideal platform with which to analyse risk across asset classes and within complex portfolio structures.

Hervé Leclercq, Head of Risk, Performance, Control and Middle Office at Crédit Agricole Asset Management stated: "We have allocated significant resources to control functions which closely monitor risk at all levels. The modern technology of DSTi's solution allows for high levels of cross-referencing. This gives us the opportunity to aggregate risk measures to any level of our organization. Scalability and the fact that this is a proven solution from a company dedicated to our industry completed the profile for our selection."

Vincent Stefanovic, Business Development Manager, Southern Europe adds: "Considering years ago the increasing need for quantitative risk measures and reporting of risk early on, CAAM is able to manage group-wide risks from a single central site. This allows for a high level of integration and at the same time for an efficient use of technology and data. The calculation methodology forms the basis for their entire risk control approach, making DSTi's Risk solution the risk control product CAAM has standardized on for its entire asset management business."

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