Magnus Agustsson, managing director of risk methods at Depfa said: With Algorithmics’s sophisticated and proven risk solutions, we plan to leverage best-practice risk management techniques to create value. We appreciated the option of a quick implementation, with initial reports beginning only six weeks after our purchase. Now, we have gone further, integrating the economic capital measures into pricing tools and regulatory compliance reports.
Michael Zerbs, president and COO of Algorithmics, said: Depfa Bank is an unusually decisive and innovative financial institution, and one with which we look forward to a fruitful partnership.
