Decalog to streamline investment management process at DekaBank.
Frankfurt, October 28, 2002- SunGard Investment Management Systems, an operating group of SunGard (NYSE: SDS), today announced that DekaBank is live with Decalog 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.
DekaBank is a central institution owned jointly and equally by the German Landesbanks and the Sparkassen (savings banks). In the mutual funds sector, Deka Group is a major player in the German domestic investment market, with a market share of nearly 20 per cent. The group manages over 1,000 portfolios.
Decalog supports asset allocation, portfolio modeling and order workflow for funds of funds, mixed funds, equities and bonds funds at Deka Group's Luxembourg and Frankfurt offices. Decalog is also used to reconcile front- and back-office positions. DekaBank's next steps involve implementation of the Financial Information eXchange (FIX) protocol for market connectivity.
Dr. Wolfgang Leoni, member of the management board of DekaBank's subsidiary Deka Investment GmbH, said, "Two years ago, we decided to change our investment management process and organize our structure between three different business areas: research decision, portfolio construction and implementation of a trading desk. To support these departments and efficiently manage 1,000 portfolios, we needed a flexible and best-of-breed investment solution. Decalog offers an extensive functional coverage for portfolio modeling, trading and decision support and helps us achieve operational efficiency."
Wolfgang Nier, Geschäftsführer (managing director) of SunGard Deutschland GmbH, said, "We are very proud to support DekaBank. This successful implementation reflects our commitment to serve the large investment managers who are looking for an innovative global solution. Decalog is an integral part of SunGard's strategy to streamline and automate the investment management process."
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