Chase moves trust business to SunGard system

Chase moves trust business to SunGard system

Chase Manhattan Bank has chosen Global Plus from SunGard Asset Management Systems as a consolidated back office solution to support its trust management processing.

Global Plus is an integrated multi-currency, trade date, accrual-based asset management, and accounting platform typically used by large asset management institutions to manage their trust, private banking and custody businesses.

"It was very important to us to find a single system that could handle all of our trust and private client servicing business needs. Global Plus will streamline our process significantly," states Joseph Rossi, senior vice president, Chase Global Investor Services. "We also needed an online, real-time system that could handle the large volumes created from our business, as well as incorporate global investments for client accounts into the same system."

Maryanne Campbell, senior vice president and Global Plus general manager, SunGard Asset Management Systems says Chase's long-standing relationship with other SunGard groups was a factor in the bank's decision.

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