SunGard Hires Two Experts in Managed Services to its Wealth and Asset Management Businesses

New York - 11 May 2012

Fred Naddaff has joined SunGard’s Asset Management business as managing director of strategic business development.

In this role, Mr. Naddaff will formulate a comprehensive managed services strategy that leverages SunGard’s expertise in core asset servicing systems and processes to complement its customers’ business models. He brings 30 years of experience in the financial services industry, including executive-level positions at high-profile firms including Citi, BISYS, First Data and State Street/BFDS. Most recently, he served as president of Citi Fund Services, Inc. and provided executive oversight for Citi’s North America outsourcing services. A frequent speaker at industry conferences, Mr. Naddaff currently serves as vice chairman on the board of directors of the National Investment Company Service Association (NICSA).

Mike Rogalski has joined SunGard as chief operating officer, trust and retirement services for SunGard’s wealth management business. In this role, Mr. Rogalski will have responsibility for development, servicing and distribution of the AddVantage, Charlotte, Global Plus, Omni and Relius solutions. Mr. Rogalski has over 22 years of business and operational expertise at industry leading corporations, including Ernst and Young, ADP and Aon Hewitt. During his career, Mr. Rogalski has held a variety of executive-level roles focused on strategic business development, including launching new outsourcing services and growing existing businesses, as well as increasing operational efficiency across global teams. Most recently with Aon Hewitt, he had strategic and operating oversight for one of the company’s fastest growing businesses, the Point Solutions division, a business process outsourcing team operating in 11 service centers. Mr. Rogalski has an MBA from the University of Michigan.

Harold Finders, chief executive officer of SunGard Financial Systems, said, “Regulatory requirements and economic pressures across the financial services industry are driving organizations to seek managed services offerings that can help them reduce the burden on internal IT, increase operational efficiencies and achieve greater economies of scale. As a result, cloud computing, business processing outsourcing and technology solutions are converging onto managed services platforms to help financial institutions perform and reconcile business transactions more efficiently.”

SunGard’s managed services offerings include full service maintenance and 24/7 production support of financial services and energy customers' application portfolios combined with business process outsourcing. SunGard provides a global delivery model from secure onshore and offshore locations to cost-effectively support customer business operations.

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