Lombard Risk reviews

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.

Not a good comapny if you work hard Managers have no technical or people management skills Not a good company if you go quitely and professionally about your job as managers love people who come to them every few minutes and give them attention Management have some special people to whom they award ridiculous counters which is de-motivating other hard working employees No growth what so ever as they truly believe in people who continue doing same work day in and out without asking to do anything new You will learn nothing from management as they are bunch of people who live in there own world without knowing ground reality