SunGard, a provider of software and processing applications for financial services, has aligned its Financial Systems businesses by industry sector organized in two divisions.
Jim Ashton will be responsible for businesses focusing on benefit administration, brokerage and clearance, energy, insurance, trading, wealth management and workflow and business processing.
Harold Finders will be responsible for businesses focusing on alternative investments, banking, capital markets and investment banking, corporates and treasury, institutional asset management and Asia-Pacific-based businesses.
“We have simplified our organization to make it more scalable and agile and easier to do business with,” said Cristbal Conde, SunGard’s president and CEO. “We are breaking down the silos between our business units in order to align more closely with our customers’ unique strategies, to better coordinate our global sales and professional services organizations, to facilitate integration between our products and to improve our industry insight and responsiveness.”