Private banking and asset management group LGT has chosen Wolters Kluwer’s OneSumX to provide the regulatory reporting and risk software for its Asian operations.

According to Wolters Kluwer, OneSumX Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The firm’s experts monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.

LGT will use the Regulatory Reporting functionality in Singapore and Hong Kong, while the OneSumX Financial Risk Management for the calculation of risk ratios for capital adequacy reporting (CAR) will be used in Singapore.

Daniel Marxer, manager at LGT, said: “LGT needed to find the best possible solution to comply with our regulatory and risk obligations in Asia.”

“After carefully evaluating all the options on offer, we are confident that Wolters Kluwer, with its considerable expertise in risk and regulatory reporting in the region, will provide us with the best possible end-to-end solution.”