Wachovia Taps Adaptiv for Credit Risk


LONDON—U.S. bank Wachovia is set to deploy enterprise-wide counterparty credit risk management software from the London-based Adaptiv division of SunGard, an official at the bank confirms.

The bank selected SunGard Adaptiv after a nine-month selection process, John Kosobucki, chief operating officer at SunGard Adaptiv, tells DWT. SunGard Adaptiv is expected to replace an in-house application, according to Kosobucki.

"Adaptive will replace a collection of in-house developed applications," Kosobucki

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