Close Fund Services Limited Implements SunGard's INVEST ONE
Chicago, IL, February 25, 2002 - SunGard Investment Management Systems, an operating group of SunGard (NYSE: SDS) today announced that Guernsey-based Close Fund Services Limited (CFSL) has implemented SunGard's INVEST ONE investment accounting solution in support of its fund administration operations.
Mike de Haaff, deputy managing director, Close Fund Services Limited, said, "Following a structured review of the marketplace we chose SunGard as our fund administration system provider due to INVEST ONE being a proven solution for our fund and accounting operations. We see SunGard as a strategic partner in our expansion plans."
Close Fund Services Limitedâs, business systems director, Mason Paul, commented, "INVEST ONE provides us with advanced technology with a highly flexible, Web-deployed architecture that will allow us to increase operational efficiency, enhance client reporting and servicing, as well as to assist us in creating a paperless workflow environment."
Hugh Byrne, senior vice president, SunGard Investment Management Systems, added, "With the successful implementation of INVEST ONE at Close Fund Services Limited, SunGard is now a leading provider of fund administration solutions to the Channel Islands market. We are pleased to welcome Close to our growing community of INVEST ONE clients in the UK, Ireland and Continental Europe. We also look forward to working with Close to support their expansion plans in the fund administration market."
INVEST ONE processes investment accounting for over 175 mutual fund groups, 11 of the top 50 world banking companies, 16 of the top 20 U.S. banks, and many of the world's largest pension plans and offshore funds. SunGard delivers its solutions either for client installation in-house or through SunGard's ASP environment.