Daimler Financial Services selects SunGard Ambit ALM

Source: SunGard

SunGard's Ambit Asset Liability Management (ALM) solution has been selected by Daimler Financial Services, a leading financial services provider.

Ambit ALM will help Daimler Financial Services establish integrated and standardized methodologies for ALM and liquidity risk management across its global operations and comply with global regulations such as Basel III.

Daimler Financial Services provides a range of services including financing, leasing, motor insurance and banking. It will deploy Ambit ALM as a centralized system across its international subsidiaries network. Ambit ALM helps companies perform consolidated, multidimensional analysis of the balance sheet and manage exposure to liquidity risk.

Andreas Hug, chief operating officer for SunGard's Ambit Risk & Performance Management business unit said, "SunGard's Ambit ALM was selected because of SunGard's experience in managing large-scale, international, multi-site deployments. It is vital for global firms to maintain visibility across their operations in order to help ensure that decisions are made on a well-informed basis. Ambit ALM is a centralized and integrated ALM and liquidity risk management solution that helps firms improve overall balance sheet management and proactively manage costs of contingent liquidity, while also providing comprehensive, location-specific analysis capabilities." 

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