Tokyo-based bank Mizuho International has appointed Windsor, Connecticut-based SS&C Technologies as a provider of middle office services for its over-the-counter (OTC) derivative transactions.
SS&C's middle- and back-office solution, GoTrade+, provides real-time portfolio transparency, including valuations, collateral management, daily profit and loss, cash movements and bespoke reporting. Mizuho will leverage GoTrade+ to manage its OTC derivatives life cycle management processes and meet the reporting needs of the new regulatory requirements.
"We wanted a customized solution for our particular needs and SS&C offers us a fresh approach to middle and back office activities," says John Sweeney, managing director of operations at Mizuho International. "The experience, expertise and accessibility of their service team paired with the flexibility of their technology ensures we will have minimal internal adaptions to take advantage of it."
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