Amalgamated Investment Bancorporation (AIB), an investment house which has been operating in the Philippines since 1998, has selected SunGard’s Ambit Treasury Management* to help streamline its treasury operations and support new growth opportunities. By moving to a fully-automated environment, Ambit Treasury Management will assist the institution as its client portfolio grows, helping it increase end-to-end processing efficiency, improve reporting and enhance risk management.
AIB services both institutions as well as high net worth clients, and its adoption of Ambit Treasury Management will help it provide the extensive instrument coverage required to deliver quality services to its client base. Initially, AIB will use Ambit Treasury Management to manage its cash and fixed income activities. SunGard’s solution will also provide full back office accounting and cash management functionality and support the bank’s requirements for regulatory reporting.
The senior AIB officer in charge of the transformation said, “We selected SunGard because of the strength of the Ambit solution suite, its deep investment banking expertise and the strong support infrastructure that SunGard has in place in the Philippines. SunGard’s Ambit Treasury Management provides a scalable and proven infrastructure for all middle- and back-office treasury functions that will help deliver a consistent view of our business across asset classes and improved risk management in support of our growth objectives.
Andrew Woods, executive vice president for SunGard’s Ambit Treasury Management business unit, said, “SunGard’s Ambit Treasury Management will help AIB automate its treasury operation, improving existing systems and current manual processes. The solution will help enhance AIB’s ability to forecast both known and projected cash flows based on real-time data as well as help improve transparency with real-time risk reporting.”
* Ambit Treasury Management incorporates SunGard’s Sierra/Quantum solution.