Press Releases
Huntington Asset Services Selects SunGard's Asset Arena Transfer Agency in Support of Business Growth
October 26, 2010 — Kansas City, MO and Columbus, OH
Huntington Asset Services has selected SunGard’s Asset Arena Transfer Agency, a high-volume shareholder recordkeeping system that processes mutual fund transactions as they happen. Huntington Asset Services, a wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN; www.huntington.com), provides comprehensive solutions to investment managers.
By delivering a high degree of automation and real-time results, Asset Arena Transfer Agency will help Huntington Asset Services more efficiently service clients. Asset Arena Transfer Agency will also help Huntington Asset Services support new business growth.
Huntington Asset Services chose Asset Arena Transfer Agency because it can work with a variety of complex traditional and non-traditional investment products and requires no software installation. The flexibility and scalability of Asset Arena Transfer Agency will help Huntington Asset Services quickly adapt to the growth, challenges and opportunities of a rapidly changing industry.
Brian Blomquist, president of Huntington Asset Services, said, “Our organization was impressed by the Asset Arena Transfer Agency technology and capability to support multiple products. We are confident that SunGard’s solution will help us better serve our clients and support our growth.”
Doug Morgan, president of SunGard’s institutional asset management business, said, “SunGard is committed to providing large investment management organizations and service providers with transfer agency solutions that provide automation, real-time capability, and scale. SunGard looks forward to supporting Huntington Asset Services as it continues to grow in the asset servicing space.”
About Huntington Asset Services
Huntington Asset Services, formerly Unified Fund Services, has been providing mutual fund service solutions for more than 40 years. Huntington’s fully integrated services include fund administration, accounting, transfer agency, compliance, distribution and custody for clients with combined assets of more than $45 billion. Huntington’s comprehensive solutions support both standalone and series trust structures. Based in Indianapolis, Huntington Asset Services, Inc. and Unified Financial Securities, Inc. are wholly owned subsidiaries of Huntington Bancshares Incorporated (NASDAQ: HBAN), a $52 billion regional bank holding company headquartered in Columbus, Ohio. More information is available at www.HuntingtonAssetServices.com.
About Asset Arena
Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit www.sungard.com/assetarena.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 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 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit 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.
® and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.