What Happens Next In Institutional Asset Management? SunGard Recommends Three Ways Financial Institutions Can Use IT to Help Win Back Investor Confidence and Reduce Costs
Thorsten Heissel, senior vice president of strategy and marketing of SunGard's institutional asset management business, has the following recommendations for global asset managers: "Re-establish investor trust by concentrating your efforts on client-facing activities and promoting the benefits of professional asset management.
Boston, MA (Vocus/PRWEB ) June 12, 2009 -- Thorsten Heissel, senior vice president of strategy and marketing of SunGard's institutional asset management business, has the following recommendations for global asset managers: "Re-establish investor trust by concentrating your efforts on client-facing activities and promoting the benefits of professional asset management. Striving for excellence in your operations will help you realize fewer operational errors, freeing up valuable time for forward-looking client interaction." Click here to view Thorsten's video.
SunGard is helping global institutional asset managers and servicers achieve "operational alpha" or above average investment processing and execution, by helping them reduce costs and eliminate manual activities and the errors that can accompany them.
SunGard recommends three ways that global asset managers and servicers can use technology to gain operational alpha: 1. implement an exception-based operating model where manual controls are automated to help reduce costs and minimize risk; 2. automate reconciliation among different data sources to help reduce errors; 3. tap into software for business process monitoring to increase transparency into processes and associated service levels. By employing these strategies, firms will be better positioned to cope with the challenges at hand.
Three Key Challenges
| | - Reduce costs: Reduced assets under management have forced asset managers and servicers to quickly adjust costs while tightening controls in order to remain viable.
- Re-establish investor trust: Investors no longer trust the safety of investments in funds, especially mutual funds, and the ability of asset managers to do their jobs effectively.
- Increase net inflow: Re-establishment of investor trust combined with increased communication with clients will reaffirm the advantages of professional asset management.
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Chris Koons, senior vice president of Atlantic Fund Administration, said, "SunGard's broad range of integrated products and services has helped us streamline our operations, helping us to focus on our clients and their customized servicing requirements."
About SunGard's Asset Arena
Asset Arena is SunGard's global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit www.sungard.com/assetarena
About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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