World Class Credit Risk Solution and Expertise to Add Depth
To SunGard's Integrated Trading and Risk Management Solutions
NEW YORK, Oct. 4 /PRNewswire/ -- SunGard (NYSE: SDS) Trading and Risk
Systems today announced that it has acquired RXM, a business unit from
GE Information Services. RXM offers a state-of-the-art solution for global
credit limits, risk and exposure management. This transaction is not expected
to have a material impact on SunGard's consolidated financial results.
RXM will be an independent business unit within SunGard Trading and Risk
Systems and will be led by president George Zafirakis. George Zafirakis has
spent three years working with RXM at GE, most recently as general manager for
RXM globally. Prior to GE, George was with Citibank and then Hogan Systems,
(now CSC), as managing director, Europe. Mr. Zafirakis said, "We are
delighted to be joining SunGard, a premier provider of financial technology
worldwide. Its financial strength, global client base, wealth of resources
and dedication to this market will help us to grow and enhance RXM to create a
truly unique solution set for credit risk management and control."
Jim Ashton, group chief executive officer of SunGard Trading and Risk
Systems, said, "I am pleased to welcome RXM to the SunGard family. This
acquisition underscores the growing importance of credit risk in our evolving
markets and SunGard's commitment to delivering a first class solution for
global credit risk management. RXM brings us advanced credit risk
technologies and expertise that will add depth to our integrated solutions for
trading and risk management. We will exploit the synergies between the RXM
system and other SunGard products to create a powerful solution for advanced
credit risk exposures, portfolio risk, limits and collateral management. We
also look forward to the potential opportunities for creating a world class
credit risk solution with our shared blue chip client base."
The Risk Exposure Management service (RXM) is a global limits, risk and
exposure management solution that supports the trading activities of global
wholesale banks. RXM allows users to centrally administer credit allocation;
monitor global product, counterparty, limit, exposure, and exception
information; aggregate, calculate, and consolidate global exposure and risk in
real time.
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.
Trademark Information: SunGard and the SunGard logo 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 Trading and Risk Systems
 back to top
Related links:
http://www.sungard.com
Company News On-Call:
http://www.prnewswire.com/comp/115467.html or fax,
800-758-5804, ext. 115467
CONTACT:
Adriana Senior of SunGard Trading and Risk
Systems, 212-317-7489, or fax, 212-223-0220, or
adriana.senior@risk.sungard.com
|
