London, UK (PRWeb UK) July 2, 2009
Surrenda-link Investment Management (Surrenda-link), a leading fund manager and investment advisor specialising in Traded Life Investments, has commenced implementation of SunGard's Ambit Leasing & Asset Based Finance solution. The solution will help Surrenda-link automate its asset management processes from contract origination through to completion. It will also help Surrenda-link improve client reporting and reduce costs related to administrative overheads, and will help support the firm's ongoing expansion in the U.S. life settlement market, where it is already a market leader.
To support its business growth and a clearly defined global business strategy, Surrenda-link had identified the need for a solution to help improve its data management and reporting capabilities. This solution would also need to support and integrate with Surrenda-link's existing in-house modeling and valuation functions. SunGard's Ambit met these needs by offering Surrenda-link automated reporting and a single, hosted platform for viewing data.
Jeremy Brettell, chief executive at Surrenda-link Investment Management, said: "We had a clearly defined need for a solution that would help us to produce more intuitive and up-to-date reports on the investment portfolios of and for our clients, as well as integrate with key existing systems. The Ambit Leasing & Asset Based Finance solution was identified as providing us with a flexible technology platform, capable of joint development with the SunGard team, that would automate and improve reporting. At the same time, it could help us to deliver client services in our specialist market sector that we believe will be ahead of any competitor capability. Furthermore, the hosted model will help us to keep costs down in the face of these process improvements."
Dave Barrett, chief operating officer at SunGard's Ambit Leasing & Asset Based Finance business unit, commented: "Increasingly, organizations such as Surrenda-link are choosing to turn to outside vendors for technological application support. This is an effective and cost-efficient option for firms that want to reap the benefits of automation without the upfront capital that is traditionally related to new infrastructure builds."
About Surrenda-Link Investment Management
Surrenda-link Investment Management specialises in low-correlation, low-risk funds that provide alternatives to investment in traditional capital markets. Surrenda-link works with institutional investors worldwide, managing and advising on Traded Endowment Policy (TEP) and Life Settlement funds.
Life Settlement - Funds operate by buying the legal rights to multiple US life policies, paying policy premiums and generating a return by collecting the entire death benefit of the policy upon the death of the insured.
Traded Endowment Policy (TEP) - Funds operate by buying the legal rights to multiple UK endowment policies, paying policy premiums and generating a return by collecting either: a) the value of the policy on maturity, or b) the entire death benefit of the policy upon the death of the insured.
Surrenda-link is considered to be the only full-service Life Settlement product provider outside of the U.S. and is a leader in the UK TEP market. Surrenda-link is at the forefront of innovation with investments based upon life insurance policies. In 1992 Surrenda-link became the first company in the UK to devise and launch a TEP investment fund and in 2004 created what is thought to be the world's first Life Settlement-based stock. Current funds under management and advice total c.UK£1bn/Euro1.4bn (as at 31/12/08). Potential institutional investors should contact: invest @ slinvest.co.uk. For further information please visit http://www.slinvest.co.uk
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit http://www.sungard.com/ambit.
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 435 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 Ambit 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.