Press Releases
Dr. Laurence Wormald Appointed Head of Research for SunGard’s Advanced Portfolio Technologies
August 21, 2008 — New York, NY
SunGard announced that Dr. Laurence Wormald has been appointed as head of research for SunGard’s Advanced Portfolio Technologies (APT) business unit, which develops and distributes market risk models, software tools and applications and related professional services (www.sungard.com/alternatives).
Formerly chief risk officer at a business unit of Deutsche Bank Global Markets, Dr. Wormald has held a number of risk director and research director positions at various financial modeling firms. He has also acted as a consultant to various financial and government institutions, including the Monetary Analysis Area at the Bank of England and the Research Directorate-General at the ECB.
Dr. Wormald is currently chair of the City Associates Board at the Centre for Computational Finance and Economic Agents at the University of Essex. He holds a master’s degree in physics from Cambridge and a Ph.D. in theoretical physics from the University of California, Santa Cruz.
About Advanced Portfolio Technologies (APT)
SunGard’s APT provides investment technology for a broad range of asset classes, countries and regions including data and software for understanding market risk, credit risk, liquidity risk and for portfolio construction and performance analysis. APT provides investors with statistical market risk models, performance and risk analytics and portfolio optimization and construction tools. APT’s customers include institutional and retail asset managers, pension funds, private wealth managers, hedge funds, broker/dealers, prime brokers and proprietary traders.
About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
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