Infinity to Provide Cross-Asset, Enterprise-Wide Risk Management
NEW YORK, March 14 /PRNewswire/ -- SunGard (NYSE: SDS) today announced
that Infinity, a complete trading and risk management solution with integrated
credit derivatives, has been selected to support cross-asset market risk
management of Mizuho Corporate Bank's major overseas branches.
Mizuho Corporate Bank will be the banking arm of Mizuho Financial Group,
which was formed in September 2000 by the consolidation of The Dai-ichi Kangyo
Bank, Limited, The Fuji Bank, Limited, and The Industrial Bank of Japan,
Limited. Mizuho Corporate Bank will commence business in April 2002.
For its new corporate bank Mizuho sought a market risk management solution
that had had a proven track record at one of the three banks. After a
thorough evaluation, Mizuho chose to adopt the Infinity system used by
Fuji Bank to support risk management for foreign exchange, cash, interest rate
products and securities. Fuji Bank has been a SunGard client since 1997, with
Infinity installed at its Tokyo and London offices.
Matt Mandalinci, operating unit head for Asia Pacific, Japan and Korea,
said, "We are delighted with the opportunity to grow our relationship with the
new Mizuho Financial Group, and are honored that SunGard was selected as a
trusted partner to help support the new entity's aggressive business goals."
About SunGard Trading and Risk Systems
SunGard Trading and Risk Systems provides integrated, enterprise-wide
solutions for financial trading, risk management and operations, as well as
asset liability management and financial planning and forecasting. Serving
over 500 clients, it offers Web-enabled solutions for achieving
straight-through processing, and for managing market, credit and operational
risk. Clients include banks, broker/dealers, asset managers, hedge funds,
corporate and government treasuries of every size, geographical reach and
operational complexity. For energy companies, SunGard Trading and Risk
Systems provides trading, risk management and commodity scheduling software
solutions.
About SunGard
SunGard is a global leader in integrated IT solutions and eProcessing for
financial services. SunGard is also the pioneer and a leading provider of
high-availability infrastructure for business continuity. With annual
revenues in excess of $1 billion, SunGard serves more than 10,000 clients in
over 50 countries, including 47 of the world's 50 largest financial services
institutions. Visit SunGard at http://www.sungard.com.
NOTE: Trademark Information: SunGard, the SunGard logo and Infinity 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 SunGard Data Systems, Inc.
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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:
Asia Pacific/Japan/Korea, Fiona Sowerby,
65-227-6400, or fax, 65-227-6277, or
fiona.sowerby@risk.sungard.com, or Europe, Sally Clarke,
44-207-337-1018, or fax, 44-207-337-6010, or
sally.clarke@risk.sungard.com, or The Americas, Adriana Senior,
212-317-7489, or fax, 212-223-0220, or
adriana.senior@risk.sungard.com, all of SunGard Data Systems,
Inc.
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