Mon, Mar 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Brazil’s BBM Investimentos Selects SunGard's Asset Arena for Automated Fund Accounting

Tuesday, January 31, 2012
Opalesque Industry Update: BBM Investimentos (BBM), an asset management firm located in Rio de Janeiro, has chosen SunGard’s Asset Arena Investment Accounting solution to help it automate its fund accounting process. BBM is the first customer for SunGard’s Asset Arena in Brazil. Asset Arena provides investment operations processing and accounting support for a wide range of assets, countries and investment activities.

BBM chose Asset Arena for the flexibility of its back-office functionality and its ability to support global and Brazil-specific requirements through a single platform. Asset Arena will help BBM transition to a more automated environment, providing controls to help improve accuracy and risk management while eliminating manual processes and work duplication.

Miguel Flaksman, chief operating officer of BBM, said, “We chose Asset Arena because of SunGard’s local presence, the scope of instruments covered, and the company’s capabilities in implementation, maintenance and support. Asset Arena can help support the globalization of the Brazilian market by handling both Brazilian and offshore instruments.”

Doug Morgan, president of SunGard’s institutional asset management business, said, “Brazil is becoming an important global financial centre that is experiencing growth because of companies like BBM. We are pleased that BBM has selected Asset Arena to help it transform its back-office investment accounting operation, and gain efficiencies, improve controls, and be better positioned to capitalize on the growth of Brazil’s financial sector.”

BBM Investimentos

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie