MERRILL LYNCH INVESTMENT MANAGERS CHOOSE MKIRisk SOLUTION FOR ASSET MANAGEMENT BUSINESS

Merrill Lynch Investment Managers (MLIM), a subsidiary of Merrill Lynch, one of the world’s largest financial services companies, has licensed Risk Vision, the integrated risk management solution from MKIRisk. Risk Vision is intended to enhance still further MLIM’s control of the credit and counterparty risk in its extensive portfolios of assets under management.

Before selecting Risk Vision as its preferred Risk Management solution, MLIM reviewed a number of alternative systems from different suppliers. The contract, which was signed at the end of November 2000, includes RV Data, RV Limits and RV Carma, to support data consolidation, limits management, plus the monitoring and control of credit and counterparty risk respectively.

Also included in the contract is Midas-Kapiti International’s (MKI) Meridian Middleware, to provide seamless connectivity between Risk Vision and the in-house systems already in use at MLIM. Risk Vision will be installed at MLIM’s London offices, where it will support the organisation’s investment management business throughout the Europe, Middle East and Africa region.

Simon Creed, Chief Executive of MKIRisk, comments, "We are delighted to have been chosen to provide a risk management solution for a leading financial institution such as MLIM. We look forward to working with MLIM to enhance the firm’s risk management capabilities still further."