SunGard, a financial solutions provider, has announced that Prudential Portfolio Managers, an investment management firm, has completed its implementation of SunGard’s Asset Arena Investment Accounting and Asset Arena Performance solutions to help support its growing asset management business.
Prudential Portfolio Managers manages over 100 client portfolios totaling over $9.3 billion in assets under management. A key factor in Prudential’s selection of Asset Arena was SunGard’s ability to deliver a robust set of portfolio administration and client reporting tools, on an integrated platform, that are able to keep pace with Prudential’s successful growth.
Grant Speirs, financial director at Prudential Portfolio Managers, said: Our strong growth has driven the need for a more sophisticated global technology platform. SunGard’s Asset Arena will help us to improve the operational efficiency and service quality that we provide to our clients. We are pleased with SunGard’s management of our conversion to Asset Arena and are excited about the new technology benefits Prudential and its clients will enjoy going forward.