New York, NY (PRWEB) July 03, 2012
Ontario Teachers’ Pension Plan (OTPP), the largest single-profession pension plan in Canada, has selected SunGard’s Adaptiv Riskbox to help manage market and credit risk exposures across its portfolio of equities, bonds, commodities, real assets and absolute return strategies. OTPP will use Adaptiv Riskbox to calculate risk numbers both absolute and relative to benchmarks.
Pension funds and other financial services firms continue to look to strengthen their risk management processes by increasing transparency and implementing more accurate and timely reporting tools.
Adaptiv Riskbox offers a single platform for enterprise reporting and control of both market and credit risk, helping financial services firms analyze, share and explain risk results quickly and accurately. Dealers and risk professionals share the same environment, helping to increase communication and transparency. In addition, the solution’s turnkey design makes it quick to implement and easy to drill down into exposures.
Adaptiv Riskbox will help OTPP more effectively measure risk and manage its risk mitigation goals by providing detailed views of the underlying information that comprises the risk models. It will also help OTPP measure its performance against fund benchmarks, provide senior management with “what if” calculations for more informed decision making, and manage its daily risk production.
Barbara Zvan, senior vice-president and chief investment risk officer of Ontario Teachers’ Pension Plan, said, “SunGard understands our requirements and is committed to providing a successful implementation. SunGard’s Adaptiv Riskbox will help us comprehensively measure and manage market risk exposures relative to benchmarks, as well as helping us improve access to the risk numbers around both market and credit risk.”
Craig Schachter, senior vice president of SunGard’s capital markets business, said, “SunGard is helping OTPP expand its risk measurement capabilities across its diverse portfolio and give senior managers throughout the firm the ability to analyze the risk numbers at the individual trade level.”
About Ontario Teachers' Pension Plan
With $117.1 billion in assets as of December 31, 2011, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets globally and administers the pensions of 295,000 active and retired teachers in Ontario. For more information, visit http://www.otpp.com.
About SunGard’s Adaptiv
SunGard’s Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational control. Adaptiv helps financial services institutions from the banking, hedge fund, asset management, insurance and corporate sectors with its deep understanding of risk management and operational processes. For more information, visit http://www.sungard.com/enterpriserisk.
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 is ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.
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