ensemble, a distributor of SunGard Investment Management Systems, has announced that Intesa Asset Management, headquartered in Milan, Italy, has licensed Decalog for its institutional management and mutual fund departments.
Intesa Asset Management licensed Decalog Manager, Decalog Trader and Decalog Compliance for 115 users. Explains Mark Dijon, director at ensemble, "The Decalog suite will provide fund managers with portfolio management, decision support and compliance before and after the trade. The system will also be used to support trading and order workflow."
Gian Luigi Costanzo, CIO at Intesa Asset Management, comments, "After an internal market survey of a dozen of portfolio management systems, we selected Decalog. We are pursuing a strategy of intensive growth in Europe - and Decalog is able to support international activities with a single database. We wanted to buy an open solution that could be integrated with internal systems like risk management, back-office systems but could also connect to data feed providers, custodians, depositary banks. In addition, we needed to streamline our operations to support our strategy of growth, continue to increase our productivity and reduce our costs."
Costanzo continues: " One of our main requirements was to obtain secure, real-time information for our front- and mid-office operations. Decalog met all our requirements by offering flexible tools in a distributed environment."
"Intesa Asset Management regards SunGard Investment Management Systems as a partner in its strategy for growth," says Thierry Aiglon, president, Decalog. "Decalog is currently used by some of the most prestigious financial institutions in the world because of its ability to provide a completely integrated straight-through processing environment and also because of its capability to adapt to new market requirements."
Intesa Asset Management ranks number one in Italy and is one of the five largest asset managers in the European Monetary Union with $120 billion of assets under management. Intesa was formed by the integration of Cassa di Risparmio delle Provincie Lombarde and Banco Ambrosiano Veneto. With the acquisition of Banca Commerciale Italiana in late 1999, Gruppo Intesa became Italy`s largest banking group.
SunGard Investment Management Systems is an international provider of investment management software solutions for the front-, middle- and back-office activities of global asset management firms.
Share
Intesa Asset Management
Gruppo Intesa was formed by the integration of Cassa di Risparmio delle Provincie Lombarde and Banco Ambrosiano Veneto. With the acquisition of Banca Commerciale Italiana in late 1999, Gruppo Intesa became Italy`s largest banking group. Intesa Asset Management ranks as one of the five largest asset managers in the EMU, managing $120 billion of assets. The company offers institutional funds, mutual funds and private banking. Visit Intesa Asset Management at www.intesasgr.it.
SunGard Invesment Management Systems
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 During 1998, Wang Global Africa (now Getronics) acquired a 51% majority 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.