Lucht Probst Associates continuous to implement its growth strategy – Acquisition of Danish company Capital Market Partners (CMP) for Scandinavian business

Lucht Probst Associates continuous to implement its growth strategy – Acquisition of Danish company Capital Market Partners (CMP) for Scandinavian business
Scandinavia is a pioneer in the application of digital services and solutions and a very technology-friendly society. It was therefore only logical for LPA to continue their growth path in the Nordics as well. The Scandinavian market is a driver of regulatory change and with the acquisition of CMP LPA is now perfectly positioned to meet local demand.

CMP, founded 10 years ago and now with 20 employees, is a well-known player in the capital markets field. An important focus of their successful business has always been in the technology sector as they have accompanied various major Capital Markets Technology Transformations throughout recent years.

For LPA, CMP is the perfect partner to develop and expand its business in Denmark and the Scandinavian region. Although LPA already has a strong client presence in the region, the acquisition of CMP opens new perspectives. In order to fully exploit the growth potential in Scandinavia, LPA needed an experienced local team. Together with the CMP team, LPA is now able to serve clients better than ever before.

The local presence in the Nordics is an important added value for LPA, but the CMP team is a great addition on different dimensions. With its expertise, its values, know-how, innovation and technology affinity CMP fits perfectly with LPA’s corporate philosophy. In addition, CMP works very complementarily on the customer side and brings several new customers into the LPA portfolio. They also have a strong presence in market areas where LPA is not active yet in the region, but that are of great interest for LPA – like Asset Management, Pension Funds and Insurance.

The team of CMP will continue to leverage their Capital Markets expertise to develop customer specific solutions and services. “With the global reach of LPA and their technology led innovations we are now in a great position to continue to transform the Danish and Nordics Capital Markets industry”, says Lars Christiansen, Founding Partner of CMP. The former shareholders Lars Christiansen and Christian Thygesen will remain in the company as part of the leadership team as well as the current and future Managing Partner Lotte Mollerup.

“For LPA, Scandinavia is and will be one of the key strategic regions. We are excited to have found a local partner in CMP that fits us perfectly – deep Capital Markets know-how combined with Technology Innovation. We are looking forward to working with the leadership team of CMP to continue to expand our footprint in Denmark and the Nordics overall “, says Stefan Lucht, founding partner at LPA.

LPA

CapTech Group

LPA adds RegTech market leader Acarda to group

+++ Acarda, the specialist for integrated, regulatory and automated data management and reporting solutions will in future be operating under the umbrella of the LPA Group +++ This acquisition takes LPA into the growth segment of asset management and marks another milestone on its journey of international expansion +++ The acquisition broadens the LPA proposition combining innovative CapTech and RegTech automation solutions for financial sector organizations worldwide Frankfurt/Main, (08.09.2020)

CSA Management: One of the most underrated aspects of the IBOR transition?

The IBOR transition brings many changes to the capital markets sector. One of the critical challenges of transition management is the amendment of collateralization for OTC derivatives. PAI (and implicitly discounting) needs to be adapted for EUR and USD-cash collateral from EONIA and EFFR to the new Risk Free Rates (RFRs) €STR and SOFR. This has to be done by the end of 2021 [1] (EUR) and the end of 2020 [2] (USD), respectively. While the adjustment for cleared derivatives is managed centrally by the CCPs, counterparties of bilaterally collateralized derivative portfolios must amend the collateral agreements by themselves. This requires EONIA or EFFR based legacy CSAs to be negotiated and compensation payments between counterparties to be settled. Complexity is increased further as many market participants still have some non-standardized legacy CSAs with features such as embedded floors or thresholds in place. Strategic options (backloading, counterparty selection, novat

June 2020 Draft Amended PRIIPs RTS: What’s inside for Structured Products?

In a letter sent by the ESAs (the European Supervisory Authorities, i.e. EBA, EIOPA and ESMA) to the European Commission, the ESAs have included a draft amended PRIIPs RTS. As the letter points out...

Go back to all news

This website uses cookies to improve your experience.
Navigating in it, we understand you agree with our privacy policy.