WestLB takes ASProute with Princeton Financial

PORTFOLIO MANAGEMENT AND TRADING

TEXAS -- WestLB Asset Management, the fixed-income investment management arm of Germany’s WestLB bank, is rolling out ePam, the ASP version of Princeton Financial Systems’ Pam portfolio and accounting system.

The Texas-based asset manager will manage its $7 billion portfolio using Princeton’s ePam for Securities and ePam for Mutual Funds, which replace SunGard’s Shaw Data system. Princeton will maintain a data centre for WestLB and provide remote access.

Patrick Lyn, US fixed-income product

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