Canadian financial services provider TD Bank Financial has licensed Sungard Investment Management Systems' browser-based portfolio attribution system Xamin.
Xamin, which will be integrated onsite with SunGard’s investment accounting system Invest One, will be used by TD Bank Financial to calculate performance and attribution on institutional and retail funds.
Jerry Beniuk, vice president and managing director, TD Mutual Fund Services, TD Bank Financial Group, comments: "Xamin facilitates integral AIMR/GIPS compliance and its features allow us to define, access and view a wide range of global, daily performance information."
In a seperate announcement, distribution services group Hagemeyer is to roll out SunGard's eTreasury solution across its Asia Pacific operations.
The first phase of the roll-out will allow Hagemeyer's regional treasury centre in Sydney to view and report on currency exposures throughout the region and will be used by business units to report liquidity flows, which is expected to cut out approximately two hours in reporting time daily in Australia alone.