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

Taipei, Taiwan (I-Newswire) April 25, 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."

About Sphinx Asia:
Where did Sphinx Asia come from? The founders were Wall Street and Asian Equity Market Research Analysts. Early on, they recognized a big need in the equity markets for independent research to be done on a fee only basis and not attached to any brokerage company seeking corporate finance income, consulting income, brokerage income such as IPOs or merger and acquisition (M&A) deal fees from the very companies that they might be recommending to equity clients as stock purchases.
Except for our private equity clients, we are just selling our research reports. That's what Sphinx Asia has been doing now for the better part of eight years. They saw it as not only the way of the future, but as the way of today.

They have been proven right with the recent conflict of interest problem spotlighted at major Wall Street firms. The advent of the massive Hedge Fund market further proved out their theory that the overall stock picking industry would accelerate in this direction. Witness the rapid spin-offs of entire research departments from the biggest Wall Street brokerage houses into independent research boutiques.

Company Contact Information
Sphinx Asia
Foster McMillan
37F Taipei 101 Tower,No.7,Sec.5,
Xinyi Road, Taipei, Taiwan
110
Phone : +886 2 8758 2782