Sphinx Asia Wealth Management Chooses Advance Risk Algorithms, Ltd For Enterprise Market Risk Management

Taipei, Taiwan (PressExposure) April 18, 2011 -- Sphinx Asia Wealth Management today announced that Advance Risk Algorithms, Ltd will provide the Taiwan based wealth management group with a market risk management solution for enterprise risk management across the whole group spanning all five of its diverse subsidiaries.

Advance Risk Algorithms' market risk solution, Ad-VR Market Analytics, covers more than 20 global markets and over 400 financial products, spanning fixed income, foreign exchange, equity, credit, energy, commodity, and derivatives instruments.

Dr. Foster McMillan, Director of Research Sphinx Asia said: "We chose Ad-VR Market Analytics because we wanted a best-of-breed market risk engine to support our strategic enterprise-wide risk management initiative. Our goal is to have a consistent and comparable risk measure across all our different businesses.

"Ad-VR Market Analytics provides us with a market risk solution that can run best-practice, technologically through advanced, intra-day market risk analytics quickly and efficiently and in a manner that is consistent with Basel II requirements. The solution is flexible, scalable and will improve our current risk management decision support tools." Continued Dr. McMillan.

Dr Andrew Sorenson, Advance Risk Algorithms, Ltd Executive Vice President of Risk Solutions, added: "I am pleased to welcome Sphinx Asia Wealth Management as a client. Advanced continues to build its presence and its reputation for best practice risk management in Asia. In particular, we have grown our Asia Team to address our Asian project and better service our clients there. "

"We will be implementing Ad-VR Market Analytics across all the businesses in Sphinx Asia as part of its enterprise-wide risk management initiative. Having a consistent measure of risk across the enterprise will help Sphinx Asia better measure, control and manage its market risk to achieve its business and regulatory objectives."

At Sphinx Asia our focus is on providing our clients with the right tools, to grow their wealth through investment, to plan for retirement, and secure their future.

We will provide you with the advice, management and support from our team of professionals. So, no matter where you are on your pathway to success, how experienced an investor you are, or how involved in your investing you want to be, we have a service to suit your needs.

About Sphinx Asia

Sphinx Asia

Tel : +886 2 8758 2782

Fax : +886 2 8758 2864

Email : info@sphinxasia.com

Address : 37F Taipei 101 Tower,No.7,Sec.5,Xinyi Road, Taipei,110, Taiwan

Press Release Source: http://PressExposure.com/PR/Sphinx_Asia.html

Press Release Submitted On: April 18, 2011 at 1:18 am
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