Brandywine Global, an investment manager affiliated with Legg Mason, has deployed SunGards Apex Collateral solution to help support its collateral management business.
According to a press statement, Brandywine requirement for the solution was “the ability to comply with increased regulatory demands and improve the client experience by reducing counterparty credit risk.”
Before choosing the SunGard solution, Brandywine Global used manual workflows. The Apex Collateral aims to “to support the firm’s growing business and comply with pending regulations such as the BCBS/IOSCO rules around bilateral traded derivatives as well as requirements for the clearing of FX forwards.”
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, said Mark Solomon, vice president of complex instrument operations, Brandywine Global.
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,” said Ted Allen, head of collateral product management, SunGard.
Legg Mason is one of the worlds largest asset management companies.
