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Risk Management

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Lotsoff Capital chooses Panorama; Brown Brothers hires head of European strategy; Summit releases new version of Summit FT; LJH joins with Capco to focus on hedge-fund consulting

Lotsoff Capital Management (LCM) picked SunGard Trading and Risk's Panorama program to manage its cross-asset derivatives portfolio, including trade-capture and risk analysis. The quantitatively oriented investment-management firm, based in Chicago, selected Panorama to provide a technology infrastructure for traded-asset classes, starting with interest-rate and foreign-exchange derivatives. In a prepared statement, Stephen K. Bossu, CFA, LCM's senior managing director and chief investment officer, cites the ability to add proprietary models to Panorama which provides "a certain measure of customizability and control."

Brown Brothers Harriman (BBH) hired Ciaran McNamee as Head of European Strategy, Sales and Marketing for the firm's Global Securities Lending Group in London. McNamee brings "vast knowledge" of the European market having most recently been in charge of HSBC London's global marketing and relationship management effort for its Global Equity Finance product, according to BBH. "BBH's trading expertise, risk mitigation, customization, and client-driven solutions attract some of the world's largest and most sophisticated asset gatherers to our program," states Patricia Fallon, who jointly manages the BBH lending product with Mark Payson.

Summit Systems unveiled Summit FT, the newly developed version of the company's flagship product, which has been installed at two client sites -- UniCredit Banca Mobiliare (UBM) and Danske Bank. Taking advantage of the lastest technologies such as Java, HTTP and .NET, Summit FT provides instant delivery of real-time information and services across the fixed income, treasury, derivatives and commercial lending markets. The thin-client application gives financial institutions the means to speed up transaction processing to handle and analyze global portfolios and complex transactions. The initial release comes with a full suite of FX trading applications with real-time pricing, rules-based workflow and exceptions handling, Crystal Reports integration and MS office applications, plus the user-configurable desktop and the Summit eToolkit.

LJH Financial struck an alliance with Capco to focus on providing strategic consulting to the hedge-fund business worldwide, particularly in North America, the United Kingdom and Europe. This initiative will capitalize on Capco's risk management offering for improving internal business, operational and technology-risk performance, plus an additional marketing and crisis communications component offered by LJH. Based in Naples, Fla., LJH provides marketing services to the global financial-services industry, with a special expertise in the $600 billion hedge fund industry and related sectors.

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