Kamakura Corporation reported today that Siam Commercial Bank in Bangkok has selected the Kamakura Risk Manager software system as the market risk management system for the Bank, which is headquartered in Bangkok.
Siam Commercial Bank has total assets of more than 781 billion Thai baht as of January 31, 2005. Fiserv's IPS-Sendero risk management software division will provide systems integration for the project, a role IPS-Sendero has performed in KRM installations in locations as diverse as Germany, Ireland, Cyprus and England.
"Kamakura has long been the dominant risk management software vendor in Asia," said Warren Sherman, Kamakura President and Chief Operating Officer. "We are very pleased to work with the very talented risk management staff at Siam Commercial Bank alongside our distribution partners IPS-Sendero. Kamakura's Asia-Pacific users group now includes clients in China, Japan, Korea, Malaysia, the Philippines, Australia and Thailand. We know that our existing user group members in the region will warmly welcome the contributions of Siam Commercial Bank."