FRSGlobal

Kedari Capital and FRSGlobal partner on unified risk and regulatory reporting platform

20/4/2009

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Lagos, London - April 20th, 2009: Kedari Capital, a leading investment services firm focused on energy, infrastructure and risk management, today announced a partnership agreement with FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage in over 30 countries on a uniform platform. The Kedari-FRSGlobal agreement, signed last week in Lagos by the top management of the two firms, will initially focus on the provision of enterprise risk consultancy and software solutions within the Nigerian and West African markets.

Kedari Capital provides financial markets, investment services and risk consulting services to a diversified client base that includes corporations, financial institutions, government agencies and parastatals within the West Africa region.

FRSGlobal will work with Kedari Capital's consulting arm, Kedari Consulting, to deliver enterprise risk consulting and software solutions based on FRSGlobal's acclaimed risk management and regulatory compliance solutions. FRSGlobal has 20 offices globally and is represented in all the major financial centres. FRSGlobal's client base exceeds 1500 financial institutions including 41 of the top 50 global banks.

Odun Odunfa, CEO of Kedari Capital stated that this collaboration will allow for the fusion of a solid global risk management experience, powered by advanced risk management software and a proven local marketing knowledge for risks management in the West African region.

"This collaboration will allow Kedari to deliver tailored and functional enterprise risk services to clients. The output of our offering will not just be a set of reports, but an appropriate solution that will add the required value to our clients' risk management framework," Odunfa said.

Odun added: "We are proud to be able to provide cutting edge and world class risk management solutions to all business sectors. In a globalised economy and with recent events in the financial markets, the role of strong enterprise risk management systems cannot be over-emphasised. It is a tool for business, an early warning signal for managers and a way of sustaining business values and know-how across generations."

Mark Piper, VP, UK, IE & MEA at FRSGlobal, commented: "I am delighted not only to welcome Kedari as a partner but also as a client. We are always looking for ways to service our existing client base in key geographies and to also expand in areas that map to our strategies. We strongly believe that to succeed in a market such as Africa, local expertise and contacts are a pre-requisite." Mark adds: "The management team at Kedari offers both that expertise and network of contacts along with sharing in our vision of "one version of the truth" when it comes to risk management and regulatory compliance."