Vermeg has completed its acquisition of Lombard Risk, as the European banking and software provider announces expansion. Lombard Risk will be delisted from the London Stock Exchange and will be known as Lombard Risk, a Vermeg company.
Vermeg has offices in France, Belgium, Luxembourg, Spain, the Netherlands and Tunisia, and annual revenues of €54 million. This acquisition adds collateral management operations, regulatory reporting and compliance products for banks and buy-side firms to Vermeg’s 150 customers, which include insurers, institutional investors, asset managers, depositories and central banks.