SunGard has announced that GAM, an independent, active investment management firm with USD 48.0 billion in assets under management, has chosen the SunGard Global Network (SGN) global fund trading solution to help broaden and streamline the distribution of its mutual fund products.
The SGN global fund trading solution provides access to investors through the National Securities Clearing Corporation (NSCC) Fund/SERV platform, which valued its transactions at $3.3 trillion at the end of 2011, up 14% from the year before.*
Gary Coffey, director, shareholder services at GAM, said, "As an active investment manager, we looked for a cost-effective solution that provides reliable connectivity with investors, with the option to expand to other regions quickly. With SGN, SunGard offers a flexible global fund trading hub that helps meet our need for efficiency and fast time to market, combined with the opportunity for investors to gain access to a broader selection of our fund products."
Mark Judah, senior vice president and managing director of SunGard's Asset Arena Transfer Agency business unit, said, "International fund companies like GAM are looking to make fund trading more efficient and accessible to investors, globally. By connecting to NSCC's Fund/SERV platform, the SGN global fund trading solution helps organizations like GAM increase trading and operational efficiencies, while also helping to quickly distribute its funds to additional regions as business opportunity and growth needs require."
NSCC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC). SunGard and DTCC are separate, non-affiliated entities.
* The Depository Trust & Clearing Corporation, 2012. Annual Report 2011, 20. New York, NY: The Depository Trust & Clearing Corporation.