Company only good for Counters when you leave - Anonymous employee Lombard Risk Employee Review

Some super smart people in key positions and new annual Town Hall Meeting where the CEO shares the direction and goals of Lombard Risk and express sincere appreciation for the staff's efforts. The continued efforts to formalize processes as we move from a small "mom and pop" company to a global company

LOTS of changes throughout the past several years makes for a very unsettling and disruptive atmosphere

Lombard's core strength is their deep domain knowledge in collateral and regulatory reporting. They have a higher concentration industry experts with years of experience than much larger competitors. This deep expertise has led to award winning products which are well regarded within their niche. However, Lombard has struggled over the years to match their industry expertise with a similar level of qualty in their management and in the technical quality of software releases.

The firm has gone through a succession of management changes. They started with founders who had extensive industry relationships and rain making ability but who often lacked professionalism and basic management skills. They were followed by a group of professional managers who while they were more effective managers lacked the industry relationships and rain making skills of the founders they replaced. Ultimately, this led to a depleted pipeline of new clients. They also misinterpreted a temporary spurt in demand to meet regulatory requirements for a long-term growth trend. This contributed to an ill advised dramatic increase in the cost base which proved unsustainable and forced Lombard into selling out to Vermeg. While the leadership at Vermeg may be well intentioned, they have inherited a company which is losing millions of euros, has lost ground to competitors in some key industry trends, and has serious software quality issues with no realistic plan to consolidate development centers and reduce costs in china and uk without losing key knowledge of their own software. They likely have no choice but to rapidly cut costs which will limit their ability to invest in the product at a time when their competitors continue to race ahead to capitalize on new trends in the industry. The company may survive as part of Vermeg, but its best days seem to be behind them now.