SunGard acquires Swiss risk consulting company Almafin

SunGard acquires Swiss risk consulting company Almafin

SunGard Trading and Risk Systems has acquired Almafin, a Swiss-based provider of risk and asset/liability management consulting services and software. The terms of the acquisition, which are not expected to have a material impact on SunGard's financial results, have not been disclosed.

The Swiss company has been merged with SunGard's Jaeger & Partner operating unit to form a new operating unit called AlmafinJaeger.

Jaeger & Partner, founded in 1997 and acquired by SunGard in 1998, provides specialised market, credit risk and asset/liability management software and consulting services to private banks and corporations in Switzerland, Liechtenstein and Austria.

Both Almafin's Marco risk software and Jaeger's Focus asset/liability management solution are highly tailored to the Swiss legal and regulatory market. Additionally, AlmafinJaeger's close link to the University of St. Gallen in Switzerland will provide the company with access to the latest research in finance.

Dr. Stefan Jaeger, founder and delegate of the board for Jaeger & Partner, will run AlmafinJaeger as general manager. He was also a founding member of Almafin in 1993.

Other members of the executive board include Dr Marcel Beutler, Andi Hug, Dr Dean Jovic, Dr Thomas Koenig and Toni Langone.

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