Rio de Janeiro, Brazil (PRWEB) January 31, 2012
BBM Investimentos (BBM), an asset management firm located in Rio de Janeiro, has chosen SunGard’s Asset Arena Investment Accounting solution to help it automate its fund accounting process. BBM is the first customer for SunGard’s Asset Arena in Brazil. Asset Arena provides investment operations processing and accounting support for a wide range of assets, countries and investment activities.
BBM chose Asset Arena for the flexibility of its back-office functionality and its ability to support global and Brazil-specific requirements through a single platform. Asset Arena will help BBM transition to a more automated environment, providing controls to help improve accuracy and risk management while eliminating manual processes and work duplication.
Miguel Flaksman, chief operating officer of BBM, said, “We chose Asset Arena because of SunGard’s local presence, the scope of instruments covered, and the company’s capabilities in implementation, maintenance and support. Asset Arena can help support the globalization of the Brazilian market by handling both Brazilian and offshore instruments.”
Doug Morgan, president of SunGard’s institutional asset management business, said, “Brazil is becoming an important global financial centre that is experiencing growth because of companies like BBM. We are pleased that BBM has selected Asset Arena to help it transform its back-office investment accounting operation, and gain efficiencies, improve controls, and be better positioned to capitalize on the growth of Brazil’s financial sector.”
About BBM Investimentos
BBM Investimentos manages third-party assets and acts specifically in the Investment Fund markets. The institution offers fund management services supported by the strength and tradition of BBM, Brazil’s oldest private financial group, founded in 1858.
Our main objective is to maximize performance through positions that involve market risk and strategies that are strongly supported by fundamental equity and macroeconomic analysis.
Managed funds are allocated to fixed income, macro and equity funds, offering clients a wide array of specialized products to attend to the needs of the private, institutional and distribution segments. For more information, visit http://www.bbminvestimentos.com.br.
About SunGard’s Asset Arena
Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the entire investment process, from portfolio management, risk management and compliance to investment accounting, transfer agency and client reporting. Combining deep functionality with broad business process management capabilities, Asset Arena helps investment firms manage complexity, increase efficiency, and respond quickly to changing business and regulatory requirements. For more information, visit http://www.sungard.com/assetarena.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, and Asset Arena 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.