The Funds Management Division (FMD) of AmInvestment Bank Group, a Malaysian financial services firm, has selected SunGard’s APT to help support its multi-asset risk modeling, fund risk analysis and fund services reporting activities. SunGard’s APT combines user-defined criteria with multiple industry, economic and external factors to help firms facilitate the measurement and forecasting of risk, portfolio construction and optimization, and regulatory compliance. The solution will help FMD to meet increasingly demanding regulatory mandates and address changing client requirements.
FMD needed an independent risk management solution that would help it view performance from both the perspectives of risk adjusted returns and relevant risk when managing its regulatory and client requirements. FMD also needed to be able to provide its fund managers with margin risks on potential positions, pre-trade analysis and portfolio optimization tools, and its clients and other stakeholders with daily reporting. SunGard’s APT will help FMD deliver risk and performance attribution information and reporting in a straight-through processing environment using a Web-based dashboard with drill-down capabilities to provide a detailed analysis of risk.
Datin Maznah Mahbob, chief executive officer at FMD, said in a release, “SunGard’s APT will help us to enhance value to our unit holders and investors, and help us bolster our current separately managed funds business in the Asian region, which today requires greater sophistication in terms of risk analysis, performance attribution and actual fund management. APT provides a simple and efficient way of analyzing the risk of a fund, and provides detailed breakdowns and attributions of the origins of risk.”
FMD will implement SunGard’s APT in its Kuala Lumpur headquarters and plans to roll it out to its subsidiaries in Indonesia and Brunei. APT will integrate with FMD’s performance attribution system to provide risk adjusted return figures, as well as with its internal accounting and asset management systems to provide a straight-through risk management process.
Emanuel Mond, president of SunGard’s alternative investments business, said, in the release,“The international investment management industry needs flexible and reliable market risk models and tools that stay current with changing market conditions. SunGard’s APT continues to grow in the Asia Pacific region through our emerging market and multi-asset model coverage, complimented by our dedicated local support team. Our specialist team in Asia has worked very closely with FMD to help ensure that the end users are comfortable with the system and that integration projects are complete.”