ACH Securities deploys SunGard Apsys

Source: SunGard

SunGard today announced that ACH Securities S.A. (ACH), a Swiss licensed securities dealer based in Geneva, has implemented SunGard's Apsys for front- to back-office operations, private client wealth portfolio management and client and regulatory reporting.

Apsys provides ACH with a fully automated solution that supports its brokerage, asset management and corporate finance services to both private and institutional clients.

ACH required a solution that would support its diversified and growing range of financial products and services. Implemented within a four-month timeframe, Apsys helps ACH to improve its straight-through processing (STP) capabilities for securities trading and settlement, cash payments and asset management, and provides a structure to help support regulatory compliance. The solution combines accounting and position-keeping across business operations within one real-time system, and provides an integrated SWIFT messaging module to further enhance STP. It also helps ACH to maintain quality, confidentiality and client data security.

Jonas Borrfors, chief operating officer at ACH Securities S.A., said: "SunGard's Apsys supports our need for end-to-end processing and optimises our business efficiency, which helps us to sustain business growth and evolve new service offerings and business initiatives. SunGard's technical expertise and knowledge of the Swiss financial community's requirements have also helped us to achieve our STP goals within the required four month post-selection implementation period."

Vitus Rotzer, deputy general manager at SunGard's Apsys business unit, commented: "SunGard's Apsys has the flexibility to help support ACH's diverse business, and to provide for rapid delivery and implementation. SunGard's ability to help ACH optimise its overall operations illustrates that Apsys can be considered as a leading solution for European private banking and wealth management institutions."

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