About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Legacy Asset Management Company (LAMCO) Goes Live With Calypso as Central Valuation Solution

Subscribe to our newsletter

Calypso Technology, a global application software provider of an integrated trading, risk and processing platform to financial institutions and corporate treasuries, announced today that Legacy Asset Management Company (LAMCO), a fully owned subsidiary of Lehman Brothers Holding Inc., has gone into production with the Calypso system as its core derivatives platform for valuation and risk. With over 500,000 trades across multiple asset classes in rates and credit products, LAMCO will leverage the Calypso System to value both its historical and live trades.

LAMCO was formed to serve as the asset management platform for Lehman Brothers Holdings Inc. (LBHI). LBHI launched LAMCO as a leading asset management capability focused on maximizing value over time for the firm’s less liquid legacy assets. Prior to the Calypso installation, LBHI had numerous systems across the front-, middle- and back office supporting the firm’s operations for derivatives, bank debt, real estate and commodities portfolio. LAMCO required a central platform to store its large portfolio with the capability of stratifying the data as needed by the various divisions within the firm.

“LAMCO wanted a single platform to house our vast portfolio of rates and credit trades for valuation and risk. Calypso provides a solution that precisely meets that need. With robust trade mapping tools to migrate our large population of trades and historical market data, along with the advanced pricing and risk capabilities across multiple asset classes for our counterparties and/or select trades on demand, Calypso allows our team to analyze our trade population more efficiently,” notes Savvas Mavridis, Managing Director at LAMCO. “Calypso provides us critical offerings that allow for an effective execution of our plans via a service hosted environment (SaaS); these include dynamic trade and market data mapping tools, street-tested pricing models and Calypso resources in the Professional Services, Financial Engineers, SaaS and Application teams.”

Calypso will be providing LAMCO with support for both complex and vanilla interest rate derivatives and credit default swaps via Calypso SaaS, the firm’s hosted platform. Calypso SaaS provides a powerful enterprise trading and risk management application in a managed, outsourced environment. By utilizing Calypso SaaS, LAMCO has benefitted from quicker time to market and seamless migration of the firm’s vast trade population into Calypso from previous vendor platforms. Calypso will be providing middle-office and desk-level risk management support. It will also serve as the central market data repository for all third party market data and used by the estate on a historical and go forward basis in the management of LAMCO’s live portfolio.

Charles Marston, CEO of Calypso, comments, “LAMCO is a perfect example of how a firm with even the most complex needs and requirements can rely on Calypso to solve an acute risk management challenge. Calypso offers the most robust derivatives support in the industry and LAMCO recognized our ability to seamlessly migrate and support their complex swaps portfolio. We’re excited to be working with such a unique company and look forward to a successful partnership.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Strategies and solutions for unlocking value from unstructured data

Unstructured data accounts for a growing proportion of the information that capital markets participants are using in their day-to-day operations. Technology – especially generative artificial intelligence (GenAI) – is enabling organisations to prise crucial insights from sources – such as social media posts, news articles and sustainability and company reports – that were all but...

BLOG

Modern Data Landscape Comes Under Scrutiny at Data Management Summit London

From data products and marketplaces to the new challenges of regulatory compliance and the latest thinking on unstructured data, A-Team Group’s Data Management Summit London 2025 took in the full breadth of topics that chief data officers and their teams are dealing with daily. With a line up of C-suite executives and expert speakers from...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...