DekaBank has long been a valued customer of SunGard. DekaBank's selection of our new standalone compliance solution demonstrates that our development and enhancement of the Asset Arena solution suite is recognized and appreciated by our customers.
Paris, France (Vocus) September 11, 2009
DekaBank, the German Savings Bank Finance Group's central asset manager, has implemented SunGard's Asset Arena Compliance solution to provide back-office support for all its pre-trade, post-trade and post-NAV compliance requirements. Asset Arena Compliance gives DekaBank a standardized and flexible compliance solution that can help support its future growth plans.
Asset Arena Compliance offers a pre-installed set of rules that include typical prospectus guidelines, client directions, management restrictions and asset allocation strategies. It will help DekaBank to control and manage growing volumes of compliance data, adapt to a widening range of complex regulatory rules, and help minimize compliance-related latency issues.
Asset Arena Compliance integrates with DekaBank's back-office system and provides the users with country specific compliance rules for Germany and Luxembourg, as well as management rules for their investors. Asset Arena Compliance also helps to centralize and integrate all compliance data via its connection to DekaBank's central data warehouse, helping ensure that compliance rules are applied using the same common data definitions.
Thomas Ketter, head of financial risk management at DekaBank's business division Asset Management Capital Markets, said: "Asset Arena Compliance gives us a solution that can help us to manage a multitude of compliance scenarios, on a single consolidated platform. Since its successful implementation, we have realized benefits such as improved efficiency for compliance checking of more than 1,000 portfolios and segments, simplified and accelerated integration of additional data and a continued decrease in operational risk."
Doug Morgan, president of SunGard's institutional asset management business, commented: "DekaBank has long been a valued customer of SunGard. DekaBank's selection of our new standalone compliance solution demonstrates that our development and enhancement of the Asset Arena solution suite is recognized and appreciated by our customers."
DekaBank is the German Savings Bank Finance Group's central service provider in everything to do with asset management. The bank's three business divisions - Asset Management Capital Markets, Asset Management Property and Corporates & Markets - work closely together by offering financial products tailored to the needs of private and institutional investors. With managed fund assets of about € 168 billion, more than five million customer deposits and group locations in Germany and abroad, the DekaBank Group is one of the largest asset managers in the German market. For further information, please visit: http://www.dekabank.de
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 investment management, 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 http://www.sungard.com/assetarena
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.
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 six times. For more information, please visit SunGard at http://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 further information, please contact:
Tel.: +49 (0)69 70768-0
Toby West, PR & Communications Manager
SunGard Financial Systems
Tel: +44 (0) 20 8081 2426