In a statement today, Chase Cooper, a market leader in Basel II compliance solutions, announced that it had won a major deal to implement its aCCelerate™ Operational Risk software at Threadneedle Asset Management, one of the UK's largest fund management firms.
Threadneedle has a strong risk management culture and needed a flexible software tool to underpin its top-down integrated risk management strategy. Having rigorously evaluated over 20 Operational Risk systems, Threadneedle selected Chase Cooper’s aCCelerate™ software suite.
Tom Challenor, Threadneedle's Director of Strategy and Risk said, "Excellence in Strategic and Operational Risk management enables us to achieve our business goals and at the same time enables us to satisfy the requirements of our Regulators. We selected Chase Cooper because their aCCelerate™ solution will meet our current needs, and, more importantly, because their partnership approach gives us confidence that as our future requirements emerge, they will also be met."
Zag Asghar, CEO of Chase Cooper, said, "We are delighted to count Threadneedle as a client and it is testimony to our powerful aCCelerate™ Operational Risk software suite that we were able to overcome fierce competition against a number of well known names in the industry. We proved that we had the software, development capability and consulting skills for Threadneedle to choose us as their business partners for Operational Risk management."