Maple Financial Group, a privately held global financial organization, has selected SunGard's Apex securities finance solution for its operations in Frankfurt, London, Toronto and New Jersey.
The migration to Apex supports Maple Financial's plans to combine its global equity and fixed income securities lending/borrowing and repo business.
A SunGard customer since 1995, Maple Financial selected Apex because of its consolidated position management functionality and its ability to support securities lending activities across the enterprise.
James Leach, chief operating officer of Maple Financial Group, said, "We have had a strong relationship with SunGard since we implemented its Global One solution 16 years ago. Apex provides the enterprise securities finance platform that we require to expand our business as well as supporting a cost effective implementation within our tight schedule."
Craig Costigan, executive vice president and general manager in SunGard's capital markets business, said, "The securities finance business is constantly evolving, and SunGard's more than 25 years of experience in this area is helping financial institutions effectively manage their securities finance operations across geographies and assets. Apex gives Maple Financial Group and other customers the real-time, global control and flexibility that they need to expand their business."