NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--UBS Fund Services, a global fund administrator, today announced that it has signed agreements with SunGard and HazelTree to offer UBS Frontier Platform - a leading edge front and middle office solution. Developed in conjunction with SunGard’s Hedge 360 and HazelTree, UBS Frontier Platform will be offered in the Americas, APAC and Europe to enhance UBS Fund Services’ product suite. This provides extended portfolio management, real-time P&L, desk level risk, treasury cash and collateral management solutions, trade administration, data management, pricing and reporting either as a software solution or as a managed service.
Michael Rucci, head of UBS Fund Services, Americas, said, “Working with SunGard and HazelTree will give us the opportunity to offer our clients a solution that automates processes, simplifies workflows and helps mitigate risk allowing fund managers to better focus on their core competencies of generating alpha. We are committed to investing and working with sector leaders to provide solutions that are both innovative and robust.”
Notes to Editors
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
About UBS Fund Services
UBS's Fund Services business is a global fund administrator providing professional services for investment funds, fund of hedge funds, private equity and real estate structures. Whether you manage traditional or alternative investments, our teams can offer you a customized and flexible solution. Through our comprehensive range of services and products, industry leading technology platforms and superior client service, we work in partnership to meet your every need. Go to www.ubs.com\fundservices for more information.
SunGard is one of the world’s leading software and technology services companies. SunGard serves approximately 25,000 customers in more than 70 countries and has approximately 17,000 employees. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of over $4.0 billion, SunGard is one of the largest privately held IT software and services companies. For more information, please visit www.sungard.com.
Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. © SunGard 2014. All rights reserved.
HazelTree offers a comprehensive Treasury Management Solution enabling hedge funds and institutional investors to manage their increasingly complex environment through an interactive portal, across multiple prime brokers, counterparties and regulatory regimes. HazelTree's integrated technology platform provides business utilities including: cash optimization, wire processing, securities financing, OTC collateral management; margin analytics and reconciliation. HazelTree is built on a state-of-the-art, historical data storage and transaction system, delivered either as an enterprise solution or as a managed service through UBS Frontier Platform.
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