Santander Looks To SunGard on Valuations Front

Santander Private Banking, the Milan-based private banking division of the Spanish Santander Group, has selected SunGard's FastVal to help increase its operational efficiency when valuing its portfolios of non-liquid instruments.

Santander's risk and compliance departments will use FastVal, an online portfolio valuation service that provides independent valuations for individual trades and holdings as well as entire portfolios, to help meet the Consob requirements on the valuation of illiquid in

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