SunGard Recognized as “Best Counterparty Risk Solution Provider” in Waters Rankings 2009
London– August 17th 2009 – SunGard has been named as “Best Counterparty Risk Solution Provider” in the seventh annual Waters Rankings.
The Waters Rankings focus on excellence in financial IT solutions and services. Waters readers are asked to vote on those mission-critical solutions and services they believe “get the job done”. This year, over 1,000 readers voted. The “Best Counterparty Risk Solution Provider” category is a new addition to the rankings, added this year in response to the huge surge in interest in counterparty risk that followed the collapse of Lehman Brothers.
Phil Albinus, Editor for Waters, commented: “Having a clear-eyed and sober view of counterparty risk is essential for your firm's survival and your client's assets. This category was a hotly-contested one, showing how strongly this topic resonates in the minds of our readers. SunGard’s award shows that it has a sharp focus on counterparty risk across its solution portfolio, and that it’s therefore trusted by many to help manage this critical area.”
SunGard was also short-listed (within the top three) in a further five categories, more than any other software vendor in the rankings. The categories included “Best Sell-Side OMS Provider”, “Best Risk Analytics Provider” and “Best Exception & Reconciliation Provider”.
David Rowe, executive vice president for risk management at SunGard’s capital markets and investment banking business, commented: “SunGard offers a range of solutions, such as Adaptiv Analytics and the ICE risk solution, that offer comprehensive counterparty risk management functionality for capital markets participants. This award highlights the success and importance of these solutions, clearly demonstrating that many customers are turning to SunGard to help them gain control over an area of risk that has suddenly been propelled to the top of the priority list.”