UBS Fund Services, a global fund administrator, today announced that it
has signed agreements with SunGard and HazelTree to offer UBS Frontier
Platform - a leading edge front and middle office solution. Developed in
conjunction with SunGard’s Hedge 360 and HazelTree, UBS Frontier
Platform will be offered in the Americas, APAC and Europe to enhance UBS
Fund Services’ product suite. This provides extended portfolio
management, real-time P&L, desk level risk, treasury cash and collateral
management solutions, trade administration, data management, pricing and
reporting either as a software solution or as a managed service.
Michael Rucci, head of UBS Fund Services, Americas, said, “Working with
SunGard and HazelTree will give us the opportunity to offer our clients
a solution that automates processes, simplifies workflows and helps
mitigate risk allowing fund managers to better focus on their core
competencies of generating alpha. We are committed to investing and
working with sector leaders to provide solutions that are both
innovative and robust.”
Notes to Editors
About UBS
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland.
Its business strategy is centered on its pre-eminent global wealth
management businesses and its leading universal bank in Switzerland.
Together with a client-focused Investment Bank and a strong,
well-diversified Global Asset Management business, UBS will expand its
premier wealth management franchise and drive further growth across the
Group.
UBS is present in all major financial centers worldwide. It has offices
in more than 50 countries, with about 35% of its employees working in
the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle
East and Africa and 12% in Asia Pacific. UBS employs about 61,000 people
around the world. Its shares are listed on the SIX Swiss Exchange and
the New York Stock Exchange (NYSE).
About UBS Fund Services
UBS's Fund Services business is a global fund administrator providing
professional services for investment funds, fund of hedge funds, private
equity and real estate structures. Whether you manage traditional or
alternative investments, our teams can offer you a customized and
flexible solution. Through our comprehensive range of services and
products, industry leading technology platforms and superior client
service, we work in partnership to meet your every need. Go to www.ubs.com\fundservices
for more information.
About SunGard
SunGard is one of the world’s leading software and technology services
companies. SunGard serves approximately 25,000 customers in more than 70
countries and has approximately 17,000 employees. SunGard provides
software and processing solutions for financial services, education and
the public sector. SunGard also provides disaster recovery services,
managed IT services, information availability consulting services and
business continuity management software. With annual revenue of over
$4.0 billion, SunGard is one of the largest privately held IT software
and services companies. For more information, please visit www.sungard.com.
Trademark Information: SunGard and the SunGard logo are trademarks or
registered trademarks of SunGard Data Systems Inc. or its subsidiaries
in the U.S. and other countries. All other trade names are trademarks or
registered trademarks of their respective holders. © SunGard 2014. All
rights reserved.
About HazelTree
HazelTree offers a comprehensive Treasury Management Solution enabling
hedge funds and institutional investors to manage their increasingly
complex environment through an interactive portal, across multiple prime
brokers, counterparties and regulatory regimes. HazelTree's integrated
technology platform provides business utilities including: cash
optimization, wire processing, securities financing, OTC collateral
management; margin analytics and reconciliation. HazelTree is built on a
state-of-the-art, historical data storage and transaction system,
delivered either as an enterprise solution or as a managed service
through UBS Frontier Platform.
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Copyright Business Wire 2014