SunGard bags two European contracts

SunGard bags two European contracts

Italy-based Capitalgest Asset Management has selected SunGard Investment Management's Panorama and Decalog solutions for cross-asset order and risk management and Belgium's Dexia Bank extends BancWare contract.

The SunGard products will provide Capitalgest with cross-asset order management, risk analysis, compliance, portfolio management and performance measurement and attribution to support its current investment activities.

The technology platform will also support the launch of five open, non-harmonised Italian law fund of funds. The first two funds will invest in global equities, while the other three will invest in multiple asset classes.

Sebastiano Di Pasquale, managing director of Capitalgest, says: "The seamless integration of Panorama and Decalog will enable us to streamline our operation and achieve greater efficiencies. The comprehensiveness of the SunGard solution, combined with the strength, resources, expertise and reliability of the company, sets it apart."

In a separate announcement, Belgium's Dexia Bank has extended a contract with SunGard Trading and Risk Systems for the implementation of its BancWare product for integrated asset liability and data management.

Under the renewal contract, BancWare will be rolled out to 15 Dexia sites across Belgium, Luxembourg, Netherlands, Ireland and New York to support interest-rate risk management for Dexia Bank's entire balance sheet. The bank has been using BancWare since 1995 for asset and liability management at its Brussels headquarters.

BancWare will also provide an integrated platform for reshaping the bank's ALM models after this year's merger of Dexia Bank and the Artesia-Bacob bank group.

Eric De Cooman, general manager ALM, Dexia Bank, says: "We selected BancWare because it will enable us to model our multiple lines of business using a common platform with consistent data. BancWare has proven to be a reliable, robust solution for asset and liability management and we have trust in SunGard's demonstrated expertise and local support."

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