Asset management firm Brandywine Global has chosen SunGard’s Apex Collateral solution to help it comply with increased regulatory demands and improve reduce counterparty credit risk.
Brandywine Global previously relied on manual workflows but turned to SunGard to help automate its collateral management process and maximise operational efficiencies while mitigating risk.
Apex Collateral will help to support the firm’s growing business and comply with pending regulations around bilateral traded derivatives as well as requirements for the clearing of FX forwards.
The solution also boosts Brandywine Global’s clients and investors’ confidence that the firm is managing its exposure and monitoring counterparty risk through the exchange of collateral.
Brandywine Global will benefit from the new solution with Umbrella agreement structures, consolidated broker-level calls and direct connection with SWIFT.
Mark Solomon, vice president of complex instrument operations at Brandywine Global, commented: “Brandywine Global is committed to implementing state-of-the-art technologies that help us increase service levels to give our clients the same capabilities as the largest firms on Wall Street.”
“SunGard has a proven track record of success in building technology solutions for asset managers and a clear commitment to developing a long-term collateral management practice.”
“Apex Collateral can help us continue to improve our client service, build and support new businesses and enhance our regulatory reporting capabilities.”
Ted Allen, head of collateral product management at SunGard, added: “Brandywine Global and other asset managers rely on Apex Collateral to help them expand their businesses by handling the increasing volume of portfolios as regulatory requirements continue to grow in complexity.”
“SunGard’s expertise helps Brandywine Global maximise its use of technology to keep with the demands of their increasingly sophisticated clients while helping control their total cost of ownership.”
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