Brandywine Global, a Philadelphia-based subsidiary of Legg Mason, has selected the SunGard Apex Collateral solution to support its collateral management operations.
The investment management firm has turned away from manual workflow management to the Apex Collateral platform to meet reporting demands of pending regulation, such as the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) rules, and to mitigate counterparty credit risk.
"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," says Mark Solomons, vice president of complex instrument operations at Brandywine Global. "Apex Collateral can help us continue to improve our client service, build and support new businesses and enhance our regulatory reporting capabilities."
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