Maitland implements SunGard's Asset Arena for front to back-office investment processing

Issued by SunGard
Paris, 05 Dec 2007

SunGard (http://www.sungard.com) today announced that the fund services division of Maitland, a leading provider of fund administration services, has completed its implementation of SunGard's Asset Arena, which will support a broad range of front to back-office investment processing functions.

Maitland has over US$45 billion in assets under administration, servicing an international client base from a platform based in Cape Town, South Africa.

Maitland's fund administration and reporting solutions, which cover front, middle and back-office processes across a wide range of fund types (including hedge funds and offshore portfolios) as well as multiple investment strategies, are delivered through an integrated Asset Arena platform for trading, compliance, portfolio management and investment accounting.

"We are delighted with the completion of this implementation, which has seen the conversion of all our assets under administration, including over 200 hedge funds and fund of hedge funds," said Veit Schuhen, chief operating officer at Maitland.

"SunGard's Asset Arena provides a full investment management workflow solution that helps us to seamlessly deliver a set of sophisticated, process-aligned services into our customers' environment. We look forward to expanding our services and growing our business on the Asset Arena platform, which we believe will help us to compete favourably with service providers in higher-cost international financial hubs."

Ettie Takacs, managing director of SunGard South Africa, commented: "Through Asset Arena, SunGard is helping Maitland to provide critical front-office business support to its customers, including portfolio modelling, order generation, real-time compliance monitoring and order management - and all with straight-through processing to Maitland's fund accounting and back-office operations. We are pleased to have delivered a solution that supports the diversity, innovation and volume of Maitland's business, and look forward to supporting its continued growth both locally and internationally."

Maitland

Maitland is an international professional services firm, established in 1976. It operates four divisions: Advisory, Trust & Corporate Services, Asset Management, and Fund Services. Maitland's fund services division is a recognised leader of fund administration services to institutional and alternative fund managers on a multi-jurisdictional basis, with over US$45 billion in assets under administration. Maitland's fund administration and reporting solutions cover front, middle and back-office functions. Maitland Fund Services is based in Cape Town, South Africa. For more information, visit http://www.maitlandgroup.com.

Asset Arena

Asset Arena is SunGard's global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.

SunGard

With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25 000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

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