Mitsubishi UFJ goes live on SunGard hosted lending and corporate actions platforms

Source: SunGard

Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) (MUTU), a leading international trust bank, is now live on SunGard’s managed services platform for global lending and corporate actions processing.

The firm selected SunGard’s Global One and XSP solutions in a hosted environment to help lower its total cost of IT resources, remove the burden of non-differentiating functions from its business and to have the opportunity to more effectively deploy internal resources to create competitive advantage.

The combination of SunGard’s deep domain expertise, along with its software and services, is providing MUTU with access to the latest solution functionality in a lower cost, lower risk environment while enabling it to adapt to changes in the industry. As a long-standing customer of SunGard, MUTU also leverages a range of its capital markets solutions.

“Running our operations using Global One and XSP within SunGard’s managed services environment removes the burden for hosting and managing hardware, software and telecommunications infrastructure requirements, allowing us to use our talent more effectively to meet our growth objectives. In addition, SunGard’s managed services helps us maximize efficiencies by creating an automated and scalable environment that can better manage our increasing volumes. Our extended relationship with SunGard is based on our strong history with the company and the invaluable support it has provided over the years,” said Mark Okochi, senior vice president, IT, Mitsubishi UFJ Trust & Banking Corporation (U.S.A.).

“We are committed to leveraging the depth and breadth of our solution portfolio and subject matter expertise to deliver additional services to our customers. The expansion of our relationship with MUTU is a great example of collaboration with a valued customer to help streamline complex areas such as global lending and corporate actions. As firms, like MUTU, pivot to market changes, they can choose from a robust range of SunGard offerings to grow their businesses, whether it’s by launching a new product, entering a new market quicker or expanding their geographic footprint,” commented John Grimaldi, president, SunGard’s securities finance and processing business.

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