Sophis, a leading provider of cross-asset, front-to-back risk and portfolio management solutions today announces that Robeco has chosen Sophis Risque to support the front-, middle- and back-office processes for its trading, structuring and co-investment activities.
Robeco is a wholly owned subsidiary of Rabobank Group.
Frank Kusse, Member of the Management Board at Robeco said: "With instruments becoming more complex and market volatility increasing it is vital to have the appropriate risk management and operational controls in place. We chose Sophis RISQUE because it offered proven technology and because the team there were able to demonstrate insight into the challenges that our industry faces."
Sophis RISQUE will provide Robeco with the ability to monitor its positions and risk profiles across a wide range of complex products and different portfolios. It will decrease its capital requirement, decrease time to market for new products and improve the efficiency of front-to-back processes.
Olav Bridié, head of sales for investment banking in the UK, Ireland, Nordics and South Africa, said: "We are delighted to secure this new contract with Robeco. Clearly the financial markets are going through difficult times at the moment and organizations like Robeco need to ensure that they can manage risk effectively, while still managing the widest possible range of products for their clients."