CITIC Securities Selects SunGard’s Asset Arena Investment Accounting Solution
Wang Yanqing Ph. D, vice president and head of China operations in SunGard’s asset management business said, “CITICS selected SunGard because of our product management strategy, our deep understanding of Chinese and international business and our proven reliability in delivering on-time, on-budget implementations in China. For many institutions within the Asia Pacific region, the expanding economy has meant that they need to modernize their technology infrastructure to support and drive growth. SunGard continues to help by providing local expertise and successful implementations of SunGard’s Asset Arena Investment Accounting in China.”
SunGard’s Asset Arena Investment Accounting helps firms quickly adapt and innovate their businesses to support growth plans by helping them manage the accounting business for both Chinese domestic [does domestic refer to US? Unclear since this is being released in China] investment portfolios and QDII (Qualified Domestic Institutional Investor) fund in one system. SunGard’s Asset Arena helps institutions benefit from a more streamlined environment for providing cross-border portfolio valuation.