SunGard (http://www.sungard.com) today announced that BCEE (Banque et Caisse d'Epargne de l'Etat, Luxembourg) and LIA (Lux-Investment Advisors), the management company created by BCEE, Banque Raiffeisen S.C. and La Luxembourgeoise S.A., have successfully completed the implementation of SunGard's Decalog to help streamline the companies' investment management operations. SunGard's Decalog (http://www.sungard.com/decalog) provides portfolio and trade order management functionalities, helps streamline investment workflow and helps traders achieve best execution on local and cross-border trading operations.
BCEE and LIA selected the complete Decalog suite, comprising Decalog Manager, Decalog Compliance and Decalog Trader, in order to replace the bank's existing in-house system. The implementation of SunGard's Decalog was completed within 6 months, via an on-site installation.
Roland Werdel, chief executive officer of LIA, commented: "We chose SunGard's Decalog because of its wide range of functionalities and track-record in helping to support global asset management organizations. Through a strong position-keeping engine, SunGard's Decalog helps us to automate our investment workflow and thus achieve greater operational efficiency."
Thorsten Heissel, president of SunGard's Decalog business unit, added: "We are very pleased to count BCEE and LIA as new Decalog customers. They are major players in the Luxembourg asset management space. This newly formed relationship demonstrates once more SunGard's ability to efficiently help leading asset management firms achieve their operational goals. We are looking forward to working with BCEE and LIA and to a long-standing relationship."
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Throughout its 150 years of history, Banque et Caisse d'Epargne de l'Etat's priority has always been able to respond to customer needs and to help the Luxembourg economy thrive. Today, BCEE is not only the Luxembourg bank 'par excellence', but also an established universal bank, renowned for its efficiency and reliability. Owned by the State of Luxembourg, BCEE has held a AA+/A-1+ and Aa1/P-1 rating by agencies Standard & Poor's and Moody's respectively, since 1994. This is the highest rating ever achieved by a commercial bank in Luxembourg. Visit BCEE at www.bcee.lu
LIA
On April 3rd, 2006, LIA started its activities as a fully operational and independent management company under the Luxembourg law of December 20th 2002 implementing the UCITS III Directive. Managing several billion EUR, LIA is today one of Luxembourg's leading asset management companies.
SunGard's Decalog
A front- and middle-office solution for investment management activities at global asset management firms, SunGard's Decalog provides portfolio management, performance analysis, compliance, trading and order management. Visit Decalog at www.sungard.com/decalog
SunGard
With annual revenues of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Decalog are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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