Barclays Capital has selected Mantas Inc. to provide trading compliance and anti-money laundering systems. The investment bank licensed Mantas' Trading Compliance Monitor and Money Laundering Monitor solutions for enterprise-wide installation beginning first quarter of 2004. Mantas' trading compliance solution is an enterprise-wide system that monitors global equity, fixed-income and derivatives trading activity to detect evidence of potential compliance issues. The anti-money laundering solution analyzes all customer, account and transaction information to alert supervisors to suspicious and previously unknown behaviors.
Dr. William Ding, a senior risk officer with John Hancock Financial Services, has been named regional co-director of the Professional Risk Managers' International Association (PRMIA) Boston chapter. This is the fourth largest of PRMIA's forty-three chapters. Ding joins Debbie Williams, group vice president, corporate banking & capital markets for Financial Insights, who has been the leader of the chapter since its founding. Dr. Ding joined John Hancock in 2003 in the guaranteed and structured products group. Previously, he was the head of risk control for CDC IXIS Capital Markets in New York. Dr. Ding holds a Ph.D. in theoretical and computational space physics from the University of Alaska.
PKO Bank Polski SA, Poland's largest bank, has selected Algorithmics' Algo Market and Algo Credit solutions as part of its institution-wide modernization program. "Algo Market is the solid platform to build on our integrated market risk architecture. It is a proven solution that will provide a comprehensive understanding of our portfolio risk," states Krzysztof Dresler, director for market risk at PKO BP SA in a press release.