SunGard today announced that BCEE (Banque et Caisse d’Epargne de l’Etat, Luxembourg) and LIA (Lux-Investment Advisors), the management company created by BCEE, Banque Raiffeisen S.C. and La Luxembourgeoise S.A., have successfully completed the implementation of SunGard's Decalog to help streamline the companies' investment management operations.
SunGard's Decalog provides portfolio and trade order management functionalities, helps streamline investment workflow and helps traders achieve best execution on local and cross-border trading operations.
BCEE and LIA selected the complete Decalog suite, comprising Decalog Manager, Decalog Compliance and Decalog Trader, in order to replace the bank's existing in-house system. The implementation of SunGard's Decalog was completed within 6 months, via an on-site installation.
Roland Werdel, chief executive officer of LIA, commented: "We chose SunGard's Decalog because of its wide range of functionalities and track-record in helping to support global asset management organizations. Through a strong position-keeping engine, SunGard's Decalog helps us to automate our investment workflow and thus achieve greater operational efficiency."
Thorsten Heissel, president of SunGard's Decalog business unit, added: "We are very pleased to count BCEE and LIA as new Decalog customers. They are major players in the Luxembourg asset management space. This newly formed relationship demonstrates once more SunGard's ability to efficiently help leading asset management firms achieve their operational goals. We are looking forward to working with BCEE and LIA and to a long-standing relationship."