Jackson Fund Services Completes Successful Migration to SunGard's Asset Arena Enterprise Platform
Jackson Fund Services (JFS), a division of Jackson National Asset Management, LLC (JNAM), a leading asset manager and third-party fund administrator, has extended its use of SunGard's Asset Arena Investment Accounting solution by migrating to SunGard's Asset Arena Enterprise platform.
Lombard, Ill. (Vocus/PRWEB ) May 7, 2009 -- Jackson Fund Services (JFS), a division of Jackson National Asset Management, LLC (JNAM), a leading asset manager and third-party fund administrator, has extended its use of SunGard's Asset Arena Investment Accounting solution by migrating to SunGard's Asset Arena Enterprise platform.
Asset Arena Enterprise platform is a modular, real-time accounting system for global custodians, mutual fund administrators and hedge fund administrators. It covers a wide range of assets, countries and territories and offers a Web front-end for both investment operations and reporting. JFS selected SunGard's Asset Arena Enterprise platform to support its investment accounting, reporting and exception management operations. Delivery through Enterprise will help JFS reduce manual processes and increase operational efficiency.
"JFS' commitment to using leading edge technology has helped facilitate our growth", said Mark Nerud, president of JNAM and JFS. "With the migration to SunGard's Asset Arena Enterprise, we are able to provide our clients with customized reporting solutions through a secure Internet access portal and enhance our ability to grow our business in an efficient manner."
Doug Morgan, president of SunGard's institutional asset management business, said: "JFS has long been a valued customer of SunGard. Their decision to continue using Asset Arena for investment accounting further demonstrates SunGard's ability to deliver scalable, flexible solutions for asset managers and third party administrators. We are pleased that our relationship with JFS continues to grow."
About Jackson Fund Services
Jackson Fund Services (JFS) is a division of Jackson National Asset Management, LLC (JNAM), a wholly owned subsidiary of Jackson National Life Insurance Company® (JacksonSM; www.jackson.com). JFS provides fund accounting and administrative services to insurance companies, banks and mutual fund clients. Currently, the company services 228 funds, which represents more than $36 billion in assets under administration*. For more information, visit www.jacksonfundservices.com.
About Jackson National Asset Management, LLC
With $26.3 billion in assets under management**, Jackson National Asset Management, LLC is a provider of investment advisory, transfer agency, fund accounting and administration services for 121 multi-class mutual funds as well as eight separate accounts that support Jackson's variable products, employee 401(k) retirement plan and retail mutual funds.
*As of 12/31/2008
About 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 core functions of the asset management industry including the investment process, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit www.sungard.com/assetarena.
About SunGard
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, including the world's 25 largest financial services companies.
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 five times. For more information, please visit SunGard at www.sungard.com.
**January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.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.
For more information, please contact:
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 (0) 20 8081 2426
Email: toby.west(at)sungard.com
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