MALAYSIA, July 18 2005 – SunGard Asia Pacific, an operating unit of SunGard (NYSE:SDS), today announced that Affin Bank Berhad (AFFINBANK), a leading Malaysian bank serving both retail and corporate customers, has selected SunGard’s AvantGard to help manage its bank-wide treasury operations.
AvantGard-Quantum will provide straight-through processing capabilities thereby assisting AFFINBANK improve its operational efficiency. AvantGard will provide front-, middle- and back-office management, including deal capture, monitoring, modelling and forecasting, reporting, transaction and settlement processing.
AvantGard-Quantum will help AFFINBANK to manage its extensive range of financial instruments, including foreign exchange, money market, bonds and derivatives. AvantGard will also help AFFINBANK to meet specific Malaysian requirements.
Tan Kok Toon, head treasury, AFFINBANK, said, “In seeking a solution it was important that we not only managed the traditional treasury operations, but that our partner understood and could readily manage local requirements such as Islamic Banking and Bank Negara regulations. AvantGard helps us to achieve our functional requirements within our designated timeframe."
AvantGard-Risk will also provide AFFINBANK with risk management capabilities. AvantGard-Risk will assist AFFINBANK manage its risk exposures by providing scenario analysis, cash and value at risk calculations, limits, alerts and pricing functionality.
"The selection of AvantGard was driven by its extensive customer base and superior functionality, both in terms of treasury management and Malaysian requirements. Our selection of SunGard, was based on its quality support and understanding of our business. We have had a relationship with SunGard since 1998 and we look forward to continuing our partnership," concluded Tan Kok Toon.
John Wilson, president of SunGard’s Asia Pacific business unit, said, "We value the relationships we have with our customers. Our emphasis is on providing the best solutions SunGard has to offer and staff who understand both our customers’ business and the environment in which they operate. I am very pleased we are able to extend our relationship with AFFINBANK and I look forward to continuing to work with it in helping to build its business. Our dedication to providing leading solutions and our commitment to our customers’ success helped our selection by AFFINBANK.
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