Arab National Bank Goes Live With Murex's MX.3 for Treasury Front-to-Back Office Including Risk Solution
By Murex, PRNESunday, June 6, 2010
PARIS, June 7, 2010 - Murex, the leading provider of integrated trading, risk
management and processing solutions, is proud to announce that Arab National
Bank (ANB), one of the leading banks in the Middle East, has gone live on
Murex's MX.3(TM) front-to-back office treasury solution.
MX.3(TM), Murex's core integrated platform, is being used in
the bank's London and Riyadh offices to handle the treasury activity across a
broad range of asset classes spanning foreign exchange, money market, fixed
income and derivatives while delivering a full range of functionalities
including pricing, booking, risk management, value at risk, limit control,
confirmation, payment and accounting.
The platform was rolled out in order to meet Arab National
Bank's concurrent goals within a single platform: extend treasury activities
to derivatives trading, automate and streamline business processes for
increased efficiency. "Murex provides wide coverage of products across asset
classes and this would help us to offer more sophisticated products and
solutions to our clients. With one key success of the project being the
quality and dedication of the on-site Murex resources demonstrated throughout
the hand-in-hand implementation and daily support, we feel we have found a
strong ally for the future. We appreciate the support and co-operation
extended by Murex and our special thanks to Mr. Philippe Helou, General
Manager and Head of Business Development, Murex." said Mohideen Saleem, Head
of Trading at Arab National Bank.
Philippe Helou, General Manager and Head of Business
Development of Murex S.A.S., adds: "We see the relationship with Arab
National Bank as a partnership. Over the past few years, time and resources
have been devoted to prove our commitment to grounding our presence in the
Middle East and we are glad to add a significant and prestigious client such
as Arab National Bank to our growing list of clients in the region. "
About Arab National Bank
Arab National Bank (ANB), a Saudi Joint Stock Company is one of the top
ten banks in the Middle East. Since it's inception in mid 1979, ANB operates
through its 168 local branches and one branch in London, UK since 1991. ANB
offers a full range of domestic and international commercial and Islamic
products and services to the retail and corporate sectors. The Bank also
offers a consultancy and investment, mutual funds and assets management,
local & international equity trading, foreign exchange and treasury services.
For further information please visit www.anb.com.sa
About Murex
Building on over 24 years of successful presence in capital markets with
over 200 clients and 35,000 users worldwide, Murex has developed an unmatched
competence in the design and implementation of cross-asset trading, risk
management and processing solutions for the world's leading banks, hedge
funds, asset management companies, corporations and utilities. Our motto
"Pioneering Again" sums it all up: for nearly two decades, Murex has
reinvented itself time and again to offer innovative software solutions
adapted to an ever-changing financial landscape. A team of over 1,200
specialists located in Europe, America and Asia is dedicated to providing
clients with the best support in the industry.
For further information please visit www.murex.com
For media enquiries, please contact: Murex S.A.S., Mireille ADEBIYI - Head of Marketing, E-mail: mireille.adebiyi at murex.com, +33(0)1-44-05-32-00.
Tags: France, June 7, Murex, Paris