ensemble, a local provider of SunGard Investment Management Systems (IMS), has announced that Assurances G'en'erales de France (AGF) Asset Management has licensed Decalog, its front- and middle-office software solution.
According to ensemble director, Mark Dijon, AGF Asset Management has licensed four modules of the solution: Decalog Manager, Decalog Performance, Decalog Compliance, and Decalog Trader. "AGF Asset Management use Decalog for portfolio management, pre- and post-trade compliance, as well as performance measurement and attribution," he says.
The system will also be used to support trading and order workflow. In the first phase, more than 90 users based in Paris will have access to Decalog. "The system is scheduled to go live by the first quarter of 2001," adds Dijon.
"Faced with a significant increase of accounts under management and to address client requirements, AGF Asset Management wants to industrialise its investment, operational and compliance processes. We believe that Decalog will be a key success factor in achieving this goal," says Marc Dastugue, COO, AGF Asset Management.
"Today portfolio management requirements are becoming more complex. This is especially true for a company like AGF Asset Management with a strategy of global growth. To simplify this complexity, while reducing risk and streamlining operations, we integrate Decalog with other accounting systems like Global Portfolio II, another SunGard solution already implemented at AGF Asset Management, to provide a straight-through processing solution. Decalog is currently used by some of the most prestigious financial institutions in the world precisely because of its ability to provide a completely integrated end-to-end STP solution," comments Thierry Aiglon, president, Decalog.
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Allianz and AGF Asset Management
AGF Asset Management has more than Euro 61 billion of assets under management and is the sixth largest asset manager in France. It employs approximately 150 people in France, in research, portfolio management, accounting and performance analysis. AGF Asset Management also has offices in the Netherlands, Belgium, Luxembourg and South America. It is owned by Germany`s Allianz, and is a part of Allianz Asset Management GmbH, which coordinates the asset management activities within the group. Both Allianz Asset Management and AGF Asset Management aim to serve institutional as well as private investors.
Additional information is available on the Web at www.agf-am.com and www.allianz.de.
SunGard
Decalog is developed and marketed by SunGard Investment Management Systems, an operating group of SunGard, a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 10,000 clients in over 50 countries, including 47 of the world`s 50 largest financial service institutions. Visit SunGard at www.sungard.com
ensemble
ensemble, established in 1996, is focused on providing business aligned IT Solutions to the Banking and Finance sectors in the Southern African region. Getronics holds a 35% share-holding in ensemble, in order to enhance the offer of its Solution Integration Division. ensemble`s major technological value lies in its vast knowledge of Relational Databases, Object Orientation, Microsoft technology and the latest Internet and Intranet development tools and packages. With its current structure and alliances, ensemble has access to many IT professionals, best of breed packages and frameworks, countrywide roll-out and deployment, helpdesk infrastructure, as well as a solid financial backbone.