Korea First Bank installs Reuters Kondor+

The Korean bank will use Kondor+ for deal capture, position keeping and risk management. The system also includes a fixed-income risk management module that can handle Korean bonds, making KFB the first Korean bank to have this facility, Reuters said.

"The need for a quality risk management system in today’s banking environment cannot be underestimated,” said Robert Cohen, chief executive of KFB. “As we move to increasingly complicated financial products and attempt to secure greater trading volumes, the need to manage risk is essential."

KFB is 51% owned by Newbridge Capital, a private equity firm founded by US investment firms Texas Pacific Group and Blum Capital Partners.

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