Maple Financial Group has selected SunGards Apex securities finance solutions for its operations in Frankfurt, London, Toronto and New Jersey. The migration to Apex supports Maple Financials plans to combine its global equity and fixed income securities lending/ borrowing and repo business.
Toronto-headquartered bank, which also provides securities finance, has a fully licensed deposit taking bank based in Frankfurt. Already a SunGard customer since 1995, Maple Financial selected Apex for its consolidated position management functionality and its ability to support securities lending activities across the enterprise.
James Leach, chief operating officer of Maple Financial Group, said: We have had a strong relationship with SunGard since we implemented its Global One solution 16 years ago. Apex provides the enterprise securities finance platform that we require to expand our business as well as supporting a cost effective implementation within our tight schedule.
(JDC)