CITICS Selects SunGard's Investment Accounting Solution

beijing — CITIC Securities, headquartered in Beijing, China, has selected SunGard's Asset Arena Investment Accounting solution.

- Steve Dew-Jones
- 16 May 2012

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CITIC Securities (CITICS), an international investment bank based in Beijing, has selected SunGard's Asset Arena Investment Accounting solution for its asset management business.

Asset Arena will provide cross-border portfolio valuations to enable CITICS to meet its multi-currency, multi-GAAP (Generally Accepted Accounting Principles), multi-market, and multi-product valuation accounting requirements.

"For many institutions within the Asia Pacific region, the expanding economy has meant that

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