SunGard Investment Management Systems, an operating group of SunGard, today announced that Lead Bank of Nigeria is live with Decalog and Marco Integrated in its investment management operations.
SunGard Investment Management Systems is a leading international provider of investment management solutions for the front-, middle- and back-office activities of global asset management firms. Decalog provides decision support and assists trading departments to streamline workflow and achieve straight-through processing.
Lead Bank of Nigeria implemented Decalog to provide portfolio management, pre- and post-trade compliance, performance measurement and attribution. Decalog is integrated with Marco Integrated for risk management and VAR calculations. Ensemble, a provider of technology solutions for the financial industry and distributor of SunGard solutions in SA, worked with Lead Bank and SunGard to implement the systems and integrate them into the bank`s existing IT architecture.
Lead Bank is expecting a growth of its funds under management, due to new pension funds legislation in Nigeria. To support higher volume, Lead Bank needed robust and flexible investment management solutions.
Bimbo Olashore, managing director of Lead Bank Plc, said: "The SunGard solution was the only one that could meet our requirements for a cross-asset system that encompasses a range of functionality across risk and portfolio management. The seamless integration of Marco Integrated and Decalog will help us to streamline our operation and achieve greater efficiencies."
Ettie Takacs, chief executive officer of ensemble, said: "Our implementation period on this project was particularly rapid, due to Lead Bank`s sound business knowledge, and speed in adopting the new technology. Ensemble is positioned to provide services to financial organisations across the continent, and continues to provide system support to Lead Bank."
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Established in 1989, Lead Bank plc is a full service financial institution with total assets in excess of US$100 million. The bank`s activities are primarily focused on serving the sophisticated investor and corporate clients with private and investment banking services. Lead Bank`s strategy is to build businesses, create and protect their clients` wealth and competitive advantage through delivery of high quality services to meet today`s global market.
Ensemble
Since its founding in 1996, ensemble has continued to provide financial market participants, both in SA and internationally, with customer differentiated technology systems. Ensemble`s focus is in the areas of investment and securities management, treasury, risk, financial management and financial market communications. Ensemble is a distributor and service provider of selected SunGard solutions. Additional information is available at www.ensemble.co.za.
SunGard
SunGard is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. SunGard serves more than 20 000 clients in over 50 countries, including 47 of the world`s 50 largest financial services institutions. SunGard (NYSE:SDS) is a member of the S&P 500 and has annual revenues of more than $2.5 billion. Visit SunGard at www.sungard.com.
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