Protegent PTA helps to automate Russellâs high volume trade confirmation process while supporting Russellâs deployment of its U.S. policy on employee trading and code of ethics. Russellâs U.S. application service provider (ASP) implementation of Protegent PTA was completed in less than 3 months. Russell is also exploring global uses for the Protegent PTA system.
Dave Griswold, chief compliance officer at Russell, said: âWe needed a provider that would help us to streamline our processes as well as offer the right support and expertise to guide us through our worldwide implementation. SunGard provided us with its knowledge and experience in best practices, and a hosted solution that was rich in functionality and could be easily implemented and used worldwide. We were impressed with how simple it was to roll out the system to our 1,300 U.S. employees.â
âWe are pleased that Russell is now live on Protegent PTA in the U.S. and we look forward to completing a worldwide implementation,â said Paul Erickson, president of SunGardâs Protegent business unit. âProtegent PTA is designed to be simple to use, thereby encouraging consistent employee use of the system, and providing turn-key deployment on a global scale. The ASP version of Protegent PTA helps to expedite implementations and assists organizations in reducing the risk and exposure of personal trading, gifts and entertainment, and other activities.â
SunGard provides a diverse set of compliance and risk mitigation solutions that encompass risk management, surveillance, supervision, regulatory and ethics monitoring. Leveraging SunGardâs Common Services Architecture, compliance components can be rapidly deployed alongside or embedded within line-of-business systems and orchestrated to provide an enterprise-wide view. SunGard also provides regulatory and compliance consulting services that are designed to help senior executives at financial institutions assess the quality and substance of their risk and compliance programs.