SAS buys Kamakura
Summary
“The synergistic value in the melding of two highly complementary risk technology portfolios is undeniable to anyone familiar with SAS and Kamakura; it’s like joining matching puzzle pieces,” said Sidhartha Dash, Research Director at Chartis. The acquisition will bring these solutions’ capabilities into the SAS fold, along with Kamakura’s executives, leadership team, employees and contractors – a noteworthy accumulation of specialised quantitative risk expertise that would take years to assemble in today’s market. SAS and Kamakura share the same philosophy, he said: that successfully managing financial risk, while optimising returns and meeting regulatory requirements, demands industry-leading research, sound analytics, fully integrated applications, flawless execution, and quantifiable results. Both van Deventer and Jarrow, along with Kamakura COO Martin Zorn, will join SAS to help facilitate the transition and lead the development of future-forward ALM and integrated balance sheet offerings and other risk solution advances. “The fragmented and siloed ways financial organisations have traditionally done asset liability and balance sheet management are becoming cost-prohibitive and unsustainable,” said Troy Haines, Senior Vice President and Head of Risk Research and Quantitative Solutions at SAS.
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