Allianz Investment Management Selects SunGard’s Adaptiv 360 for Trade Lifecycle Management
New York– October 8 2009 – Allianz Investment Management has selected SunGard’s Adaptiv 360 solution to help capture, process and manage its equity and interest rate derivatives activities. Delivered as a hosted service, Adaptiv 360 will help Allianz create a straight-through processing (STP) framework for activities in its U.S. and German investment centers.
SunGard’s Adaptiv 360 offers middle- and back-office functionality with risk analytics and straight-through processing for both cash and derivative instruments. By consolidating global derivatives, securities trading and hedging operations onto a single cross-asset platform, Adaptiv 360 will help Allianz improve transparency and mitigate its operational risk. As a hosted service, the solution will also help Allianz to reduce its total cost of ownership, while providing it with a flexible framework that can scale to meet future requirements.
Michael Vossler, senior vice president, Americas, for SunGard’s capital markets and investment banking business, said: “This project has helped us demonstrate the value of providing Adaptiv 360 as a hosted service. We have been able to tailor the solution to Allianz’s specific operational requirements and processes, helping it to take advantage of the convenience and flexibility of a hosted service.”
About Allianz Group
The Allianz Group is one of the leading integrated financial services providers worldwide. With nearly 155,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence. In fiscal 2008 the Allianz Group achieved total revenues of over 92.5 billion euros. Allianz is also one of the world's largest asset managers, with third-party assets of 703 billion euros under management at year end 2008.
About 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 our deep understanding of risk management and operational processes.
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.
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 www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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