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SunGard Announces New Front to Back Office Wealth Management Platform for Large, European Private Banks and Wealth Managers

Barcelona, Spain – June 13, 2006 – At its annual European customer conference in Barcelona today, SunGard announced that it will launch a new high-volume, integrated front-to-back office wealth management solution for large international private banks and wealth managers throughout Europe. The new solution, called WealthPlus, will combine Business Architects International’s (BAI) eXimius front- and middle-office workstation with SunGard’s Global Plus back-office accounting and custody solution, and will be delivered on an application service provider (ASP) basis.

Franky Van Damme, chief executive officer of Business Architects, said, “The decision to combine the know how and the skills of two leaders has resulted in a solution that will help firms to meet the more sophisticated demands of wealthy clients while managing the effects of industry change and regulatory compliance. WealthPlus reflects the way investors manage wealth today with the flexibility and adaptability to support a firm’s changing business processes in the future.”

Maryanne Campbell, president of SunGard’s wealth management accounting business, said: "WealthPlus helps to deliver on the promise of a truly global wealth management platform designed to meet the needs of large financial companies. Its scalability and extensibility support high transaction volumes and complex operating models, helping enable consolidation across various geographies and product lines. The flexibility and adaptability of the workstation technology promote effective use of client data, giving wealth managers a more comprehensive view of their clients and relationships. The component-based, best of breed nature of WealthPlus extends well beyond the borders of the front and back office to help provide organisations with a truly holistic approach to wealth management."

Using industry-standard technologies and SunGard’s Common Services Architecture (CSA), WealthPlus will provide a platform for the consolidation of businesses and operations to help deliver process efficiencies and help reduce operating costs. Firms will be able to leverage centers of excellence within their organizations to better serve their clients across geographies and lines of business.

WealthPlus will be delivered as an integrated front- to back-office solution that will help avoid the need for lengthy technology integration projects, and help result in a lower total cost of ownership, reduced project risk, and reduced time to market. By delivering the solution in the ASP model, firms can better focus on services that deliver direct value to their clients, such as managing relationships and maximizing investment returns.

SunGard provides an integrated suite of services to help advisors meet the financial needs of their clients, and capitalize on growing opportunities in wealth management. SunGard helps organizations to deliver on the promise of a more holistic and consultative client experience by providing an array of capabilities for client profiling and financial planning, asset allocation and portfolio management, securities processing and asset accounting, and consolidated client reporting and performance measurement.