Press Releases
Bank of Ireland Securities Services Implements SunGard’s Asset Arena Investment Accounting
June 17, 2008 — Lombard, IL
SunGard (www.sungard.com) today announced that Bank of Ireland Securities Services (BoISS), the fund administration and custody arm of Bank of Ireland Group, has successfully implemented Asset Arena Investment Accounting, SunGard’s investment accounting and reporting technology platform (www.sungard.com/assetarena). BoISS has successfully transitioned its institutional, retail and alternative investment clients, who span a wide variety of fund types and investment strategies, to the new system.
BoISS currently has over $180 billion in assets under custody and administration. The types of funds incorporated in the system migration include exchange traded funds, multi-manager funds, property funds, hedge funds and fund-of-hedge funds, as well as mutual funds, money market funds, and structured products for a range of off-shore and on-shore structures.
In addition to migrating its clients’ funds from the incumbent system to Asset Arena Investment Accounting, BoISS continues to launch new business directly onto the system. The new technology will help BoISS to expand its fund administration offerings to incorporate broader servicing capabilities and achieve greater operational efficiency.
“We needed to provide more extensive coverage of asset types and product structures while also realizing increases in operational efficiency. With Asset Arena, we expect to see future benefits beyond those that we have already recognized,” said Liam Manahan, managing director of BoISS. “SunGard has been a trusted and vital partner in managing a seamless transition, and we look forward to continuing the close working relationship that has been established between our organizations.”
Doug Morgan, president of SunGard’s institutional asset management business, commented: “Our investment in functional enhancements and new technology has made Asset Arena an ideal platform for Bank of Ireland Securities Services. Working in active collaboration with the customer, we have succeeded in delivering a solution that is well aligned with the customer’s specific business needs and capable of supporting future growth.”
About Bank of Ireland Securities Services
Bank of Ireland Securities Services (BoISS) is the Fund Administration and Custody arm of Bank of Ireland Group formed in 1993 and now servicing assets in excess of $180bn for a range of domestic and international clients. BoISS is dedicated to performing high quality administration and custodial duties for specialized products including ETFs, multi-manager, property, hedge and fund of hedge funds as well as mutual, money market, and structured products for a range of off-shore and on-shore structures.
About Asset Arena
Asset Arena is SunGard’s global family of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life-cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution. For more information, visit www.sungard.com/assetarena.
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.
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 more information, contact:
Kelly Sheeran
Asset Arena
SunGard
617-728-1191
kelly.sheeran@sungard.com