Brandywine Global Selects SunGard Collateral Management Tool

Brandywine Global, an investment manager affiliated with Legg Mason, has selected SunGard’s Apex Collateral solution to help with collateral management.

Previously, Brandywine Global had been using manual processes for collateral management, but in order to comply with increased regulatory demands and reduce counterparty credit risk, the firm turned to SunGard for automation.

With Apex Collateral, the firm will have access to a single platform to support collateral optimization on an enterprise-wide basis. The platform supports the operational requirements for underlying derivatives transactions, to-be-announced (TBA) bonds, securities lending and repo. It also provides tools such as direct connection with SWIFT.

“Apex Collateral can help us continue to improve our client service, build and support new businesses and enhance our regulatory reporting capabilities,” says Mark Solomon, vice president of Complex Instrument Operations, Brandywine Global.