South Africa's Maitland implements SunGard Asset Arena

Source: SunGard

SunGard today announced that the fund services division of Maitland, a leading provider of fund administration services, has completed its implementation of SunGard's Asset Arena, which will support a broad range of front- to back-office investment processing functions.

Maitland has over USD 45 billion in assets under administration, servicing an international client base from a platform based in Cape Town, South Africa.

Maitland's fund administration and reporting solutions, which cover front-, middle- and back-office processes across a wide range of fund types (including hedge funds and off-shore portfolios) as well as multiple investment strategies, are delivered through an integrated Asset Arena platform for trading, compliance, portfolio management and investment accounting.

"We are delighted with the completion of this implementation, which has seen the conversion of all our assets under administration, including over 200 hedge funds and fund of hedge funds," said Veit Schuhen, chief operating officer at Maitland. "SunGard's Asset Arena provides a full investment management workflow solution that helps us to seamlessly deliver a set of sophisticated, process-aligned services into our customers' environment. We look forward to expanding our services and growing our business on the Asset Arena platform, which we believe will help us to compete favorably with service providers in higher-cost international financial hubs."

Ettie Takacs, managing director of SunGard South Africa, commented: "Through Asset Arena, SunGard is helping Maitland to provide critical front-office business support to its customers, including portfolio modeling, order generation, real-time compliance monitoring and order management - and all with straight-through processing to Maitland's fund accounting and back-office operations. We are pleased to have delivered a solution that supports the diversity, innovation and volume of Maitland's business, and look forward to supporting its continued growth both locally and internationally."

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