SunGard says that Raiffeisen Capital Management (RCM) has successfully upgraded to SunGard’s Decalog V.6. With close to €37 billion assets under management, Raiffeisen Capital Management is Austria’s leading asset manager.
SunGard’s Decalog aims to provide portfolio and trade order management functionality, helps streamline investment workflow and helps traders and fund managers achieve best execution on local and cross-border trading operations. RCM is the first customer to go live with SunGard’s Decalog V.6. The migration started in April 2006 and was completed in early July.
“We have been using SunGard’s Decalog for six years. The implementation of Decalog V.6 will help us to achieve best execution and to be ready for the MiFID roll-out,” say Harald Frodl, the head of middle-office at Raiffeisen Capital Management. “It also provides us with significant new functionalities that help to achieve greater automation and to meet the latest business requirements.”
“This is a key success and a major milestone for both Raiffeisen and SunGard,” adds Thorsten Heissel, the president of SunGard’s Decalog business unit. “This success has been made possible by the collaboration of both teams. Industry requirements are constantly evolving and we continually strive to provide asset management firms with the best solutions. Market connectivity and coverage of complex instruments have become major requirements. SunGard’s Decalog V.6 will help our customers to meet these new challenges.”