SunGard Forms Quantitative Research Group

SunGard formed a company wide SunGard Quantitative Research Workgroup in hopes of streamlining the way its quantitative analysts work together. More than 30 quantitative analysts and financial engineers, covering asset classes from vanilla to complex structured products, are coming together

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SunGard formed a company-wide SunGard Quantitative Research Workgroup in hopes of streamlining the way its quantitative analysts work together. More than 30 quantitative analysts and financial engineers, covering asset classes from vanilla to complex structured products, are coming together to build a consolidated analytics platform using SunGard’s Common Services Architecture.

According to the company, working in one team and using common standards will help SunGard to innovate more quickly, and help increase the performance and accuracy of its models. Customers will have easier access to the depth and breadth of financial modeling SunGard offers, on a plug-and-play basis.

SunGard’s Quantitative Research Workgroup comprises financial engineers and quantitative analysts covering a range of assets from credit derivatives to hybrids; convertibles; commodities; equity; interest rate and foreign exchange derivatives. The collaborating financial engineers and quantitative analysts include analysts representing SunGard’s Adaptiv, BancWare, FRONT ARENA, Kiodex, Monis and Reech.

Cyril Deretz has been appointed head of the new team and will lead the initiative. Previously Deretz was Reech’s chief operating officer. Prior to Reech, Deretz worked in derivatives arbitrage trading and risk management at Dresdner Kleinwort Wasserstein. “SunGard already supplies financial models embedded in its trading and risk solutions to many of the world’s leading financial institutions, ” Deretz said. “By working together and leveraging SunGard’s Common Services Architecture we will be able to accelerate our pace of innovation across asset types. “

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