First Southwest Expands Relationship with SunGard, Selecting Protegent PTA for Employee Trading Compliance

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First Southwest, a wholly owned subsidiary of PlainsCapital Bank, has expanded its use of SunGard's Protegent solution with the selection of Protegent PTA for employee trading surveillance and monitoring of outside brokerage accounts. The privately held investment bank uses SunGard's Protegent Surveillance for enterprise-wide compliance monitoring of its retail trade suitability and account review processes, including trade review and anti-money laundering.

Our positive experience with SunGard's Protegent Surveillance and the process improvements that it has brought give us confidence in SunGard's ability to provide the right solution to help meet our employee trading compliance requirements

First Southwest, a wholly owned subsidiary of PlainsCapital Bank, has expanded its use of SunGard's Protegent solution with the selection of Protegent PTA for employee trading surveillance and monitoring of outside brokerage accounts. The privately held investment bank uses SunGard's Protegent Surveillance for enterprise-wide compliance monitoring of its retail trade suitability and account review processes, including trade review and anti-money laundering.

Protegent PTA will provide over 250 of First Southwest's employees the ability to comply with firm mandates, regulatory agencies, and self regulating organizations. Protegent PTA is an automated application that helps streamline employee facing compliance, spanning all areas of personal trading, from pre-clearance authorization through post-trade reconciliation and reporting.

"Our positive experience with SunGard's Protegent Surveillance and the process improvements that it has brought give us confidence in SunGard's ability to provide the right solution to help meet our employee trading compliance requirements," said Don Foley, senior vice president, director of compliance, First Southwest.

Protegent PTA will help alleviate the manual processes typically involved with gathering, monitoring and analyzing employee trading activities. By presenting employees with intuitive dashboards that facilitate disclosure, certification and reporting of employee-facing compliance information in tandem with proactive alerting and forensic reporting capabilities, Protegent PTA helps streamline the process while providing greater visibility to the compliance office.    

"The growing business relationship with First Southwest demonstrates SunGard's commitment to helping our customers protect their assets, clients, employees and reputation," said Steve Sabin, chief operating officer of SunGard's Protegent business unit. "In times of uncertainty, companies look for a trusted partner with significant domain expertise and a proven track record. SunGard has been providing First Southwest with solutions to help mitigate risk and maximize value for over three years, and we are pleased to expand that relationship to help it address its employee-facing compliance needs."

About First Southwest
First Southwest Company is one of the country's preeminent financial advisory and investment banking firms. For over 60 years, the company has been a leader in the public finance industry with a reputation for financial expertise, innovative thinking, uncompromising integrity and personalized service. Clients ranging from government and public agencies to domestic and international corporations have called on First Southwest for its proven experience and exceptional resources.    

About SunGard's Protegent
SunGard's Protegent solutions for compliance, suitability and new account opening help retail and institutional investment firms oversee business processes relating to client acquisition and suitability, including Know Your Customer and OFAC list checking, as well as employees' personal trading and code of ethics, while helping reduce expenses and address regulatory requirements. Protegent supports supervision and practice, helps streamline the compliance life cycle, proactively monitors trades and provides comprehensive auditing and reporting.

About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.

SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at http://www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com.

Trademark Information: SunGard, the SunGard logo and Protegent are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

For more information, contact:
Adriana Senior
SunGard
Tel: +1- 718-578-1130
Email: adriana.senior (at) sungard (dot) com

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Adriana Senior
SunGard
+1- 718-578-1130
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