ZURICH, Switzerland, Feb. 17 /PRNewswire/ -- Infinity, a SunGard Company
(NYSE: SDS), today announced the acquisition of Jaeger & Partner Asset- &
Liability-Management AG, a Swiss based company specializing in asset/liability
management, risk management consulting and advisory services. Infinity is the
leading provider of enterprise solutions for financial trading, risk
management and operations.
This acquisition further strengthens Infinity's position as an integrated
solution provider offering trading solutions, market and credit risk
management and consulting services to the German, Swiss and Austrian markets.
In addition, Infinity will be distributing products for BancWare in
Switzerland and Liechtenstein in conjunction with Jaeger & Partner. This
includes BancWare's complete suite of data collection and transformation,
asset/liability management, comprehensive planning, and advanced financial
analysis solutions.
"The demand for professional services in the financial industry far
exceeds the supply," said Roger Lang, chairman, Infinity. "The acquisition of
Jaeger & Partner further demonstrates Infinity's commitment to rapid growth of
professional services through strategic acquisitions as well as the expansion
of Infinity's Global Professional Services."
Juerg Hunziker, senior vice president, global distribution, Infinity,
said, "This acquisition further enhances Infinity's capability to provide
complete enterprise solutions to the finance industry. The synergy between
our companies means that clients will benefit from Infinity's innovative
solutions combined with the experience of a consultant company with an
excellent reputation in the market."
Jaeger & Partner was founded in early 1997 to provide asset/liability
management services to banks in Switzerland and Liechtenstein. By the end of
1998, Jaeger & Partner provided a wide range of services and had become a
significant partner for asset/liability and risk management.
Jaeger & Partner will be headed up by Dr. Stefan Jaeger, previously
delegate of the board and current managing director. Jaeger & Partner has
very strong ties with the University of St. Gallen, Switzerland; Member of the
Board, Heinz Zimmermann is a Professor of Economics and Finance at the
University of St. Gallen and director of the Swiss Institute of Banking and
Finance.
Stefan Jaeger commented, "We are very optimistic about the opportunities
for Jaeger & Partner within the new corporate structure. Our alliance will
enable us to provide an even higher level of support to our existing and
future clients."
About Jaeger & Partner
Jaeger & Partner provides a wide range of consulting services and is a
leading provider of asset/liability and risk management consulting in
Switzerland. Its customers are banks and corporates of every size in
Switzerland and Liechtenstein. Jaeger & Partner develops and provides the
asset/liability toolkit 'Focus ALM'. The software measures the overall
interest rate risk of an institution and provides a breakdown into risk
contributions from autonomous units. Jaeger & Partner currently supports more
than 25 clients in the areas of asset/liability management and benchmarking,
risk policy and definition of accurate methods and figures for measurement and
integration of interest rate risk.
About Infinity
Infinity, a SunGard Company, provides enterprise solutions for financial
trading, risk management and operations. Its customers are banks, asset
managers, corporates and government treasuries of every size, geographic
spread and operational complexity. Only Infinity's adaptable applications
integrate all the trading, risk management and operations activities of the
enterprise. Infinity, a SunGard Company, is an operating unit of SunGard Data
Systems Inc., the only large specialized provider of proprietary investment
support systems, the pioneer and a leading provider of comprehensive computer
disaster recovery services. SunGard Data Systems Inc., common stock is
reported on the New York Stock Exchange under the symbol SDS. SunGard Data
Systems can be reached at http://www.sungard.com. Infinity can be reached at
http://www.infinity.com.
About BancWare
For nearly two decades, BancWare, a SunGard Company has led the market in
the provision of superior asset and liability management and financial
forecasting solutions. Headquartered in Boston, BancWare serves more than 110
clients in over 11 markets worldwide. BancWare's fully integrated and
scaleable solutions support data collection, transformation, and management;
asset/liability management; comprehensive budgeting and planning; and advanced
financial analysis including term structure modeling and option adjusted value
at risk. BancWare is a wholly owned subsidiary of SunGard Data Systems Inc.
Trademark Info: SunGard, Infinity, the Infinity logo, Jaeger & Partner
Asset- & Liability-Management AG and BancWare 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.
SOURCE Infinity, a SunGard Company
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Related links:
http://www.infinity.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
In the U.S.: Briana Jolicoeur, 650-940-6100,
In Europe: Juerg Hunziker, + 41-1-286-63-63, or In Asia-Pacific:
Trevor Builder, 61-2-9264- 2255, all of Infinity, a SunGard
Company; or Stefan Jaeger of Jaeger & Partner Asset- &
Liability-Management AG, 41-71-228-44-00
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