Kamakura’s enterprise-wide risk management software system will be adopted by Dah Sing, a shareholder in Chongqing Commercial Bank in the Peoples’ Republic of China. Risk management expert, James Lam, will join the Kamakura team for Kamakura Risk Manager (KRM) installation at the bank.
Dominic Tsui, general manager, head of risk management & control of Dah Sing Bank, said: We believe that best practice in risk management gives management the option to view risk on a fully integrated basis. After an extensive world-wide request for proposal process, we believe that Kamakura provides the bank with the best ability to analyze interest rate risk and credit risk both independently and jointly. Kamakura’s experience in greater China and the firm’s world-wide reputation for continuous innovation were other key considerations in our decision to purchase KRM.
