NEW YORK & PARIS, August 1, 2001 - SunGard Investment Management Systems, an operating group of SunGard (NYSE: SDS), today announced that Assurances Générales de France Asset Management (AGF Asset Management) has gone live with the integration of SunGard’s Decalog and GLOBAL PORTFOLIO II for integrated straight-through processing (STP).
AGF Asset Management is part of Allianz Asset Management, a leading global fund manager, with Euro 650 billion (US$ 565 billion) of assets under management.
AGF Asset Management’s operations can now avoid the time-consuming and costly re-keying of trade details that was previously necessary to correct transcription and translation errors. AGF Asset Management can also improve its trade settlement success rate and, most importantly, achieve a much higher level of STP.
SunGard Investment Management Systems and AGF Asset Management have worked together to implement customized interfaces for the project. Decalog Manager, Decalog Trader and Decalog Compliance are providing portfolio management functionality, pre- and post-trade compliance and order workflow to users at AGF Asset Management’s Paris office.
The integration of Decalog Trader within AGF Asset Management ‘s systems architecture, provides electronic trade confirmation (ETC). The connections also include a link to custodian and depositary organizations, and an existing interface with GLOBAL PORTFOLIO II, SunGard’s back-office accounting solution. AGF Asset Management’s next steps involve implementation of the Financial Information eXchange (FIX) protocol for market connectivity
Marc Dastugue, chief operating officer, AGF Asset Management, commented, "We made a strategic decision early on to create an integrated front-to-back organization, and we were eager to implement a true straight-through processing (STP) architecture. With those goals in mind, the flexibility and the resourcefulness of the Decalog suite enabled us to achieve our objectives under the best of conditions. The FIX protocol will be the next improvement in our STP architecture so that AGF can cope with the forthcoming changes of the markets (trading platforms, settlement rules, etc.) and provide the best service to our customers and shareholders."
Harold Finders, president of the Decalog operating unit and managing director of SunGard Investment Management Systems, Europe, said, "Our strategy is to integrate our best-of-breed financial software solutions and provide front-to-back integration to the asset management industry. With the seamless integration of Decalog and GLOBAL PORTFOLIO II, AGF Asset Management can bridge the gap between its front-, middle-, and back-office operations."