SunGard Forms Quantitative Research Workgroup

Strengthens Quantitative Research and Innovation Capacity Using Common Services Architecture

London – February 13, 2006 – SunGard announced today that it is streamlining the way its quantitative analysts work together and has formed a company-wide SunGard Quantitative Research Workgroup. More than 30 quantitative analysts and financial engineers, covering asset classes from vanilla to complex structured products, are coming together to build a consolidated analytics platform using SunGard’s Common Services Architecture.

Working in one team and using common standards will help SunGard to innovate more quickly, and help increase the performance and accuracy of its models. Customers will have easier access to the depth and breadth of financial modelling SunGard offers, on a plug-and-play basis.

SunGard’s Quantitative Research Workgroup comprises financial engineers and quantitative analysts covering a range of assets from credit derivatives to hybrids; convertibles; commodities; equity; interest rate and foreign exchange derivatives. The collaborating financial engineers and quantitative analysts include analysts representing SunGard’s Adaptiv, BancWare, FRONT ARENA, Kiodex, Monis and Reech.

Cyril Deretz has been appointed head of the new team and will lead the initiative. Previously Mr. Deretz was Reech's chief operating officer. Prior to Reech, Mr. Deretz worked in derivatives arbitrage trading and risk management at Dresdner Kleinwort Wasserstein.

"SunGard already supplies financial models embedded in its trading and risk solutions to many of the world’s leading financial institutions. By working together and leveraging SunGard’s Common Services Architecture we will be able to accelerate our pace of innovation across asset types. Our goal is to serve our customers better by creating a centre of excellence, where highly skilled quantitative analysts and financial engineers can build on each other’s knowledge,” said Mr. Deretz.

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