Risk Management Briefs

Standard Bank has gone live with Algo Collateral within its South African operations, according to Toronto-based Algorithimics, the risk management software vendor. Standard Bank Group Limited selected Algo Collateral in the fall of 2002 to centralize and manage risk related to all of its global collateral business. Plans are to roll out the product in its London operations by the third quarter of this year, followed by Hong Kong and Brazil at later dates. Munich-based Bayerische Landesbank (BayernLB) also went live with Algo Collateral to manage all the bank's current and future global cross-product margining requirements.

Cheyne Capital Management, a London-based hedge fund, signed a three-year deal with Make-it Partners for the daily supply of credit-derivatives swap-data. Cheyne Capital is the first asset manager to sign up for the service, launched in February. It takes data from 12 investment banks, including Salomon Smith Barney, Merrill Lynch, Bank of America, Goldman Sachs and CSFB.

Dr. Michael Ong has joined the Professional Risk Managers' International Association (PRMIA) Academic Advisory Council. Ong recently left Credit Agricole Indosuez in New York where he was executive vice president and chief risk officer of the Americas to become professor of finance and the program director for the MS Finance Program at the Stuart Graduate School of Management in Chicago.