Paris – September 16th, 2008
Murex, the leading provider of cross-asset trading, risk management and processing solutions, announced today that Bancolombia, the largest bank in Colombia and one of the 12 largest banks in Latin America, has selected MX.3 as its new treasury and risk management front-to-back office solution.

MX.3, Murex’s latest generation platform, provides Bancolombia with an integrated cross-asset trading and risk management solution for FX and money markets cash and derivatives, fixed income, emerging market products, interest rate derivatives and credit derivatives.

“Our treasury department is one of our key areas of growth and we were looking for a solution that would help us leverage our operational model while providing us with an integrated state-of-the art risk management framework. We were impressed by the native asset class coverage of MX.3 and its proactive approach to market risk management” said Carlos Alberto Rodríguez López, chief treasury officer of Bancolombia.

“Murex is very proud to partner with Bancolombia and demonstrates once again its capability to deliver solutions adapted to specific needs of capital markets in every region of the world. We consider this new signature as a strategic move that highlights our commitment to reinforcing our presence in Latin America” added Maroun Edde, CEO of Murex.