First Union Consolidates Trust Assets On Sungard Trustware 11 Server


CHARLOTTE, N.C.-- First Union Corp., one of the largest US regional banks to expand via an aggressive acquisition strategy, completed the consolidation late last year of its $153 billion-asset Capital Management Group, or CMG, on a Compaq/Digital Equipment Alpha server running Sungard Data Systems' Trustware 11 accounting software. With this phase of the consolidation finished, First Union is considering its options for selecting a corporate standard portfolio management system, but no decis

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