Singapore 1 March 2006 – SunGard, a global leader in software and processing solutions for financial services, today announced that it is expanding its operations in the Asia Pacific region in 2006. SunGard will provide solutions for trading, treasury and risk management, benefit administration and insurance, institutional asset management and securities servicing, and wealth management and brokerage.
John Wilson, president of SunGard’s Asia Pacific business unit, said, “SunGard’s focus in Asia Pacific is centred on growth. We are focusing on key opportunities such as Basel II compliance and treasury management. As more countries implement Basel II strategies in preparation for meeting regulatory deadlines, SunGard’s focus has been on the provision of a comprehensive solution based on BancWare Capital Manager. SunGard also provides advisory services to help customers with their Basel II and credit risk management strategies.”
Mr. Wilson continued, “Having identified the need for Basel II compliance solutions and support, we have expanded our expertise and resources in China and Korea. We have established a dedicated Basel II team within consulting services with new staff in Singapore, Taiwan and Manila.”
In addition, SunGard has expanded its team to support the growing customer base and the growing needs of North Asian corporations for comprehensive treasury management solutions. To support customers in Japan and Korea SunGard has relocated treasury specialists in both Tokyo and Seoul.
“There is great potential for growth in our region, and SunGard is well positioned,” said Mr. Wilson. “We have a solid understanding of local business requirements and regional trends, and have the knowledge and expertise to adapt SunGard’s global solutions to the specific requirements of our region. We also are actively looking to extend our customer base and range of solutions via the acquisition of businesses whose core values, vision and expertise complement our own. We look forward to an exciting year ahead.”