Nomura Selects SunGard’s Apex Securities Finance Solution for Full Front-to-Back-Office Management
London– October 8 2009 – SunGard announced today that Nomura International Plc (Nomura), the pre-eminent Asian investment bank, has chosen to upgrade its securities finance technology infrastructure to Apex, SunGard’s recently launched* consolidated securities finance solution, to support its equity and fixed income securities lending and repo trading operations. The solution will help Nomura to manage its repo business worldwide, including across operations in London, New York, Tokyo and Sydney.
Nomura was seeking to consolidate its many front-, middle- and back-office solutions in order to help it improve internal procedures, help increase productivity and reduce potential for operational risk. Nomura's recent acquisition of Lehman Brothers’ operations in Asia and its investment banking and equities operations in EMEA also meant it needed the technology to help it manage increasing trade volumes.
SunGard's Apex is designed to help increase efficiency and bring more transparency to securities lending activities. The solution will help Nomura to manage a 24-hour global book and thereby help gain maximum use of cash/security positions. Its open and flexible architecture also means it can handle large volumes of trades, while providing Nomura with a global view for all aspects of the trade lifecycle.
Michel Semaan, head of Credit and EM Repo Trading for Nomura, said: “Our acquisition of Lehman further fuelled our requirement for a consolidated, streamlined solution to handle our expanded business. The time has come to implement a new solution that incorporates the functionality of the disparate systems that we use. Apex will give us increased efficiency through greater automation using a single platform. This will allow us to adapt to the requirements of our business as it evolves.”
Craig Costigan, executive vice president and general manager, securities finance, for SunGard’s capital markets and investment banking business, commented: “Nomura's selection of SunGard's Apex is a demonstration of the solution's relevance and technology strength. Our development teams have worked tirelessly to produce a truly consolidated solution on advanced technology that can support and enhance the business of large global institutions such as Nomura. We look forward to working with Nomura as a strategic partner for many years to come."
* SunGard’s existing suite of analytics, software and processing solutions for securities finance includes
SunGard’s Astec Analytics, Global One, Loanet, Martini, and WorldLend. These solutions support the transaction lifecycle for securities borrowing, lending and repo for all market participant types. With a large number of financial institutions using our existing securities finance solution, SunGard will continue to maintain a high level of customer service and support and will also continue to develop and enhance these solutions in response to industry, regulatory and customer needs.
About Nomura International PLC
Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries.
Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 26,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through five business divisions: retail, global markets, investment banking, merchant banking, and asset management.
For further information about Nomura, please visit www.nomura.com.
About SunGard’s Apex
SunGard’s Apex offers a single, integrated solution for securities finance that covers real-time position management, flexible trade capture, exception processing and process automation. It can help all types of securities finance market practitioners to optimize their activities across trading desks, regions and product lines. For more information, visit www.sungard.com/securitiesfinance
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
Trademark Information: SunGard, the SunGard logo , Apex, Astec, Loanet, Martini, Global One and WorldLend 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.