Huntington Asset Services has selected SunGard's Asset Arena Transfer Agency, a high-volume shareholder recordkeeping system that processes mutual fund transactions as they happen.
Huntington Asset Services, a wholly owned subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN), provides comprehensive solutions to investment managers.
By delivering a high degree of automation and real-time results, Asset Arena Transfer Agency will help Huntington Asset Services more efficiently service clients. Asset Arena Transfer Agency will also help Huntington Asset Services support new business growth.
Huntington Asset Services chose Asset Arena Transfer Agency because it can work with a variety of complex traditional and non-traditional investment products and requires no software installation. The flexibility and scalability of Asset Arena Transfer Agency will help Huntington Asset Services quickly adapt to the growth, challenges and opportunities of a rapidly changing industry.
Brian Blomquist, president of Huntington Asset Services, said, "Our organization was impressed by the Asset Arena Transfer Agency technology and capability to support multiple products. We are confident that SunGard's solution will help us better serve our clients and support our growth."
Doug Morgan, president of SunGard's institutional asset management business, said, "SunGard is committed to providing large investment management organizations and service providers with transfer agency solutions that provide automation, real-time capability, and scale. SunGard looks forward to supporting Huntington Asset Services as it continues to grow in the asset servicing space."