Lombard Risk Management plc (AIM:LRM.L), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, is pleased to announce that Mike Payne has been appointed to the role of Chief Technology Officer, of Lombard Risk, to lead the development and delivery of software products, client application support and the internal IT infrastructure.

With over 30 years of experience managing technologists within the financial services industry, Mike joined Lombard Risk in January 2016 as Interim Chief Technology Officer. Mike was previously employed at J.P. Morgan, where, in his last role as Head of Investor Services Middle Office Technology, he frequently partnered with outsourced and software vendors, giving him a deep understanding of the challenges and opportunities facing Lombard Risk.

Mike brings with him extensive experience of delivering new front to back business systems and regulatory change programs at institutions such as J.P. Morgan and Credit Suisse. His experience of leading technology programmes from within major financial institutions gives him invaluable experience and insight as he further enhances the regulatory reporting and collateral management products for Lombard Risk clients.

Alastair Brown, CEO of Lombard Risk said: “Mike’s appointment as Chief Technology Officer is a clear demonstration of our commitment to providing agile solutions that will help give our clients competitive advantage. His extensive technology experience, track record of innovation and deep knowledge of financial services software solutions will be invaluable as Lombard Risk continues to grow.”

Mike Payne commented: “Lombard Risk has a suite of world-class products and is known in the industry for delivering high-quality solutions. I look forward to continuing to develop and lead the delivery of its software products and exceeding clients’ expectations through effective, easy-to-use solutions.”