(Vocus) October 30, 2009
The Funds Management Division (FMD) of AmInvestment Bank Group, a leading Malaysian financial services firm, has selected SunGard’s APT to help support its multi-asset risk modeling, fund risk analysis and fund services reporting activities. SunGard’s APT combines user-defined criteria with multiple industry, economic and external factors to help firms facilitate the measurement and forecasting of risk, portfolio construction and optimization, and regulatory compliance. The solution will help FMD to meet increasingly demanding regulatory mandates and address changing client requirements.
FMD needed an independent risk management solution that would help it view performance from both the perspectives of risk adjusted returns and relevant risk when managing its regulatory and client requirements. FMD is also needed to be able to provide its fund managers with margin risks on potential positions, pre-trade analysis and portfolio optimization tools, and its clients and other stakeholders with daily reporting. SunGard’s APT will help FMD deliver risk and performance attribution information and reporting in a straight-through processing environment using a Web-based dashboard with drill-down capabilities to provide a detailed analysis of risk.
Datin Maznah Mahbob, chief executive officer at FMD, said, “SunGard’s APT will help us to enhance value to our unit holders and investors, and help us bolster our current separately managed funds business in the Asian region, which today requires greater sophistication in terms of risk analysis, performance attribution and actual fund management. APT provides a simple and efficient way of analyzing the risk of a fund, and provides detailed breakdowns and attributions of the origins of risk.”
FMD will implement SunGard’s APT in its Kuala Lumpur headquarters and plans to roll it out to its subsidiaries in Indonesia and Brunei. APT will integrate with FMD’s performance attribution system to provide risk adjusted return figures, as well as with its internal accounting and asset management systems to provide a straight-through risk management process.
Emanuel Mond, president of SunGard’s alternative investments business, said, “The international investment management industry needs flexible and reliable market risk models and tools that stay current with changing market conditions. SunGard’s APT continues to grow in the Asia Pacific region through our emerging market and multi-asset model coverage, complimented by our dedicated local support team. Our specialist team in Asia has worked very closely with FMD to help ensure that the end users are comfortable with the system and that integration projects are complete.”
About AmInvestment Bank Group
AmInvestment Bank Group is one of Malaysia's leading investment banking groups. The Group has an enviable track record of over 30 years of experience, innovation, and market leadership. It has won an impressive stable of awards from the international financial press and major rating agencies.
AmInvestment Bank Group provides a full range of investment banking related services that include the areas of Corporate Finance, Debt Markets and Structured Finance, Islamic Markets, Equity Markets and Derivatives, Treasury and Derivatives, Stock and Futures Broking, Funds Management, Trustee Services, Private Equity, and Private Banking.
AmInvestment Bank Group is part of the AmBank Group, which is committed to providing new and innovative products and services to its customers. Adding greater value to the one-stop financial hub is its partnership with the Australia & New Zealand Banking Group (ANZ), one of Australia's leading banks. AmBank Group is now poised to take advantage of ANZ's wide network and regional presence as well as its international banking expertise. For more information, please visit http://www.ambankgroup.com .
About SunGard’s APT:
SunGard's APT provides investment technology for a broad range of asset classes, countries and regions including data and software for understanding market risk, credit risk, liquidity risk and for portfolio construction and performance analysis. APT provides investors with statistical market risk models, performance and risk analytics and portfolio optimization and construction tools. APT's customers include institutional and retail asset managers, pension funds, private wealth managers, hedge funds, broker/dealers, prime brokers and proprietary traders. http://www.sungard.com/apt .
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.
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 six 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 APT 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.