Maitland Implements SunGardís Asset Arena For Front- To Back-Office Investment Processing
unGard (http://www.sungard.com) today announced that the fund services division of Maitland, a leading provider of fund administration services, has completed its implementation of SunGardís Asset Arena, which will support a broad range of front- to back-office investment processing functions. Maitland has over USD 45 billion in assets under administration, servicing an international client base from a platform based in Cape Town, South Africa.
Maitlandís fund administration and reporting solutions, which cover front-, middle- and back-office processes across a wide range of fund types (including hedge funds and off-shore portfolios) as well as multiple investment strategies, are delivered through an integrated Asset Arena platform for trading, compliance, portfolio management and investment accounting.
ďWe are delighted with the completion of this implementation, which has seen the conversion of all our assets under administration, including over 200 hedge funds and fund of hedge funds,Ē said Veit Schuhen, chief operating officer at Maitland. ďSunGardís Asset Arena provides a full investment management workflow solution that helps us to seamlessly deliver a set of sophisticated, process-aligned services into our customersí environment. We look forward to expanding our services and growing our business on the Asset Arena platform, which we believe will help us to compete favorably with service providers in higher-cost international financial hubs.Ē
Ettie Takacs, managing director of SunGard South Africa, commented: ďThrough Asset Arena, SunGard is helping Maitland to provide critical front-office business support to its customers, including portfolio modeling, order generation, real-time compliance monitoring and order management Ė and all with straight-through processing to Maitlandís fund accounting and back-office operations. We are pleased to have delivered a solution that supports the diversity, innovation and volume of Maitlandís business, and look forward to supporting its continued growth both locally and internationally.Ē
Maitland is an international professional services firm, established in 1976. It operates four divisions: Advisory, Trust & Corporate Services, Asset Management, and Fund Services. Maitlandís fund services division is a recognised leader of fund administration services to institutional and alternative fund managers on a multi-jurisdictional basis with over USD 45 billion in assets under administration. Maitlandís fund administration and reporting solutions cover front, middle and back-office functions. Maitland Fund Services (Pty) Ltd is based in Cape Town, South Africa. For more information, visit http://www.maitlandgroup.com
About Asset Arena
Asset Arena is SunGardís global suite 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.
With annual revenue exceeding $4 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 worldís 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:
SunGard Asset Arena
Tel: +33 1 55 39 18 00
Fax: +33 1 55 39 18 01
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