Press Releases

SunGard and RBC Dexia Launch Integrated Service to Deliver a Global Fund Marketplace

June 22, 2009 — London, UK

SunGard and RBC Dexia Investor Services, one of the world’s largest fund transfer agents, have collaborated to provide an automated fund trading and settlement solution for global markets.  The solution will help SunGard customers connect to and trade with approximately 9,000 additional funds available in Europe on RBC Dexia’s platform through a single connection.  The solution will include RBC Dexia’s fund trading Web portal providing trading automation, custody and daily net settlement integrated with SunGard Transaction Network’s (STN) Funds trade routing for funds in Europe and Asia.  STN Funds provides customers with access to global mutual funds, UCITS and exchange traded funds, and facilitates straight-through processing between fund companies and a variety of bank, brokerage and retirement recordkeeping and accounting systems.

The number of fund investments and the variety of fund choices continue to grow worldwide.  In Europe, however, the absence of a central trading and clearing entity, and the challenge of managing trading parameters specific to each fund complex, make trading funds a manual and costly process.  By providing a single connection to many fund choices, including more than 9,000 funds available on RBC Dexia’s platform, STN Funds can help firms gain operational efficiency and reduce costs and errors.  It also helps eliminate the need for customers to establish individual memberships with clearing entities and separate trading agreements.  This solution also provides customers with revenue potential to help them increase intermediary revenues and offset transaction charges.

Rob Wright, global head, product & client segments at RBC Dexia, said, “In ever changing global markets, maintaining optimal levels of operational efficiency can be challenging, particularly when managing multiple products and specialist investment strategies.  RBC Dexia’s collaboration with SunGard will help customers develop new products and expand into new markets by providing global coverage and product breadth to meet increasingly complex needs of global investors.”

Bob Ward, chief operating officer of SunGard’s wealth management business, said, “The integration of STN and RBC Dexia’s solutions will provide global businesses with a virtual international fund platform that offers product breadth for accessing mutual funds, UCITS and exchanged traded funds.  The service will provide the streamlined connectivity and trading, straight-through processing and operational efficiencies financial institutions need to effectively compete and grow their businesses.”

About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide. RBC Dexia’s unique offshore and onshore solutions, combined with the expertise of its 5,500 professionals in 16 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management processes. Equally-owned by RBC and Dexia, the company ranks among the world’s top 10 global custodians with US$1.8 trillion in client assets under administration.  rbcdexia.com

About STN
A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including U.S. and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.

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, including the world’s 25 largest financial services companies.

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 five times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

STN Order Routing Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited - Authorised and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ.  SunGard Global Execution Services Limited is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the FSA under UK laws, which differ from Australian laws.

STN Order Routing Services offered throughout the United States are provided by SunGard Institutional Brokerage Inc. * Member FINRA/SIPC * 377 E. Butterfield Rd., Suite 800 * Lombard, IL, USA 60148

STN Order Routing Services provided in Japan and Singapore are provided by SunGard Institutional Products LLC

Trademark Information: SunGard, the SunGard logo and STN 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.

RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg  by the Commission de Surveillance du Secteur Financier  and the Ministry of Finance.  All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.