Toronto, Ontario (PRWEB) July 16, 2012
Maple Financial Group, a privately held global financial organization, has selected SunGard’s Apex securities finance solution for its operations in Frankfurt, London, Toronto and New Jersey. The migration to Apex supports Maple Financial’s plans to combine its global equity and fixed income securities lending/borrowing and repo business.
A SunGard customer since 1995, Maple Financial selected Apex because of its consolidated position management functionality and its ability to support securities lending activities across the enterprise.
James Leach, chief operating officer of Maple Financial Group, said, “We have had a strong relationship with SunGard since we implemented its Global One solution 16 years ago. Apex provides the enterprise securities finance platform that we require to expand our business as well as supporting a cost effective implementation within our tight schedule.”
Craig Costigan, executive vice president and general manager in SunGard’s capital markets business, said, “The securities finance business is constantly evolving, and SunGard’s more than 25 years of experience in this area is helping financial institutions effectively manage their securities finance operations across geographies and assets. Apex gives Maple Financial Group and other customers the real-time, global control and flexibility that they need to expand their business.”
About Maple Financial Group
Maple Financial Group Inc. ('MFGI') is a privately held financial services provider with its head office in Toronto, Canada. Its principal operating subsidiary is Maple Bank GmbH, a fully licensed deposit taking bank based in Frankfurt which is regulated by BaFin and a member of the German Deposit Protection Fund. The bank has a branch in Toronto, and owns regulated broker dealers in London-UK, New Jersey-USA, and Toronto. The company is engaged in customer business, carry and proprietary trading, securities finance, and treasury activities. Maple has 273 employees.
About SunGard’s Apex
SunGard’s Apex offers a single, integrated solution for securities finance that covers real-time position management, trade capture, exception processing and process automation. It can help all types of securities finance market practitioners optimize their activities across trading desks, regions and product lines. For more information, visit http://www.sungard.com/securitiesfinance.
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.
Trademark Information: SunGard, the SunGard logo, Apex and Global One 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.