ECOBANK Asset Management has selected SunGard’s Asset Arena Investment Accounting application to automate its entire back-office operations.
With total assets of $5.2 billion, the ECOBANK Group is an independent regional banking group in West and Central Africa. SunGard’s Asset Arena Investment Accounting is a Web-based investment accounting platform that supports virtually all types of funds on a single, unified platform.
With a network of more than 430 branches and offices in 20 African countries, the ECOBANK Group is known as “the pan-African bank.” To help boost its expansion, ECOBANK Asset Management has been looking for a best-of-breed, scalable investment accounting application to automate its operations.
“We selected SunGard’s Asset Arena because of its extensive functional coverage and ability to meet our business needs. The solution was implemented on-site, over the space of a single month, with the help of SunGard’s Asset Arena professional services team. We have been quick to realise the benefits of a robust, flexible and scalable solution that will help support the growth of our business.” says Georges Kavege, managing director, ECOBANK Asset Management.
“ECOBANK is a recognised leader in the growing African banking industry, so we at SunGard are pleased to welcome them as a new customer. By providing enhanced functional capabilities on a single platform, Asset Arena will help ECOBANK streamline its back-office operations and help it improve its operational efficiency,” adds Bernard Hur, managing director, SunGard’s European institutional asset management.