London, 19 April, 2005: SunGard (NYSE:SDS) today announced that The Mauritius Commercial Bank (MCB), based in Port Louis, Mauritius, has selected SunGardâs AvantGard-Quantum and AvantGard-Risk to provide a fully integrated front-, middle- and back-office solution for the bankâs treasury operation.
The Mauritius Commercial Bank is developing its market risk and treasury activities and upgrading its treasury systems. The bank carried out a thorough review of its treasury processes and produced a clear definition of its requirements, including the development of market risk and treasury activities for balance sheet management purposes, for proprietary trading and to service customer needs for wholesale market risk products. AvantGard provides complete integrated treasury and risk management functionality to help the bank meet these goals, with supporting security and control features.
Martin Boyd, executive vice president EMEA of SunGardâs AvantGard business unit, said, "AvantGard-Quantum and AvantGard-Risk will provide a fully integrated, straight-through processing solution to MCB. AvantGard will help enable integration with the bankâs retail system and will provide it with a platform on which to base the strategic development of its treasury operation. The AvantGard-eTreasury module will provide Internet access for the bankâs remote treasury centres and allow remote access to information for the bankâs key customers."
About The Mauritius Commercial Bank
The Mauritius Commercial Bank was founded in 1838 and now plays a key role in the country's economy by extending its unflinching support to trade, agriculture, the textile industry, tourism and other sectors as well as individual customers, not only at its head office but also through its strategically located network of 46 branches and counters all over the island. The Group is also present in Paris, Reunion Island, Mayotte, Seychelles, Madagascar and Mozambique. It is among the top-ten banking institutions of the sub-Saharan region.