RiskMetrics Group Opens Frankfurt Office; New Sales and Account Management Center Serves Rapidly Growing Roster of Clients in Germany, Austria and Eastern Europe; Push for Risk Compliance Drives Surging Demand in Region.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- RiskMetrics Group, the leading financial risk management firm, today announced the opening of its Frankfurt office. The new location is the firm's tenth office globally. Focused on sales and account management, the Frankfurt center serves RiskMetrics Group clients in Germany, Austria and Eastern Europe, with an emphasis on the specific needs of the European market. The office is led by Dag Dag(h)da great god of Celts; father of Danu. [Celtic Myth.: Parrinder, 68; Jobes, 405] See : Fatherhood Dag (h)da god of abundance, war, healing. [Celtic Myth. Wright, RiskMetrics Group's Head of Northern Europe, who was previously based in RiskMetrics Group's London office. Wright commented: "Given the extraordinarily active financial regulatory environment in this part of the world, it is critical that RiskMetrics Group is able to move quickly on our clients' behalf." Several new regulatory requirements introduced by the German Federal Authority for Financial Services Supervision have made portfolio risk management a focal point focal point n. See focus. in the European financial marketplace. Among the new requirements, financial institutions must now provide daily risk reporting and stress testing Determining the durability of a system by pushing it to its limits. Stress testing a network is performed by transmitting excessive numbers of packets or attempting to break in illegally. for all retail investor Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. portfolios. RiskMetrics Group has emerged as an early leader in the space by developing a variety of risk management and reporting capabilities in accordance with the new directives. Area clients currently utilizing the firm's solutions include Deka Investment GmbH and MEAG MEAG Municipal Electric Authority of Georgia MEAG Munich Ergo Asset Management GmbH MUNICH ERGO AssetManagement GmbH. Initially staffed by a team of sales personnel, the Frankfurt office will ultimately become home to a full-service staff that will include sales, account management and operations personnel. The office is located in Frankfurt's banking district on Mainzer Landstrasse. About RiskMetrics Group: RiskMetrics Group is a financial risk management firm providing financial analytics and wealth management solutions to hundreds of financial institutions, corporations and central banks worldwide. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with ten worldwide offices, including London, Tokyo and Singapore. More information is available online at: www.riskmetrics.com. |
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