Schroders Private Banking Selects SunGard’s Ambit Risk Management Solutions for Liquidity Risk Measurement & Balance Sheet Management

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Schroders Private Banking, a member of Schroders plc, a leading global asset management firm, has chosen SunGard’s Ambit Liquidity Risk Management and Ambit Asset Liability Management solutions to support its ability to meet the UK’s Financial Services Authority (FSA) stress testing regulations, as well as to enhance its instrument coverage and analysis capabilities.

Schroders Private Banking, a member of Schroders plc, a leading global asset management firm, has chosen SunGard’s Ambit Liquidity Risk Management and Ambit Asset Liability Management solutions to support its ability to meet the UK’s Financial Services Authority (FSA) stress testing regulations, as well as to enhance its instrument coverage and analysis capabilities. The combined solution will be implemented in the bank’s service centre in Switzerland to support Schroders’ private banks in Switzerland, the UK, Guernsey and Singapore.

Schroders Private Banking decided to implement a centralized risk management solution in Switzerland to address its liquidity risk and asset liability management needs. The bank selected SunGard’s Ambit solutions to help address ongoing regulatory change and perform liquidity risk management in accordance with local regulations. In addition, the Ambit solutions will help Schroders Private Banking improve its balance sheet management, run stress tests, proactively manage its cost of contingent liquidity, and help enhance its instrument coverage while providing comprehensive location-specific analysis capabilities.

Pierre-Louis Favre, head of finance and treasury at the service centre of Schroders Private Banking, said, “SunGard’s Ambit Liquidity Risk Management solution provides excellent functional coverage. With SunGard’s solution, we are now able to establish a centralized, multi-entity service out of Switzerland that provides individual liquidity risk and balance sheet management for our UK, Switzerland, Channel Islands and Singapore entities, helping them to identify and simulate strategies that minimize the cost of and exposure to liquidity risk.”

Andi Hug, general manager for SunGard’s Ambit Risk & Performance Management business unit, said, “Lack of liquidity was one of the causes for the global financial crisis. SunGard’s Ambit Liquidity Risk Management solution helps banks to not only comply with industry regulations, but also focus on more rigorous stress testing and increasing transparency.”

About Schroders plc.
Schroders plc provides asset management services. It manages £167.9 billion (€188.3 billion / $254.7 billion) on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed income and alternatives. It employs 2,611 people worldwide, operating from 32 offices in 25 countries across Europe, the Americas, Asia and the Middle East.

About Ambit
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 performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit http://www.sungard.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.

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Toby West

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