|SunGard's INVEST ONE Expands Business in Canada|
TD Bank Financial Group to Utilize SunGard's INVEST ONE Investment Accounting Solution
CHICAGO, Nov. 6 /PRNewswire/ -- SunGard Investment Management Systems today announced that Canadian-based, TD Bank Financial Group has licensed SunGard's INVEST ONE, investment accounting solution to process their institutional portfolios and mutual funds for both internal and third party funds. INVEST ONE currently processes over US$7 trillion in portfolio assets for clients in 20 countries. With this deal, signed in recent months, TD Bank Financial Group is now the fourth Canadian INVEST ONE client.
Jerry Beniuk, vice president and managing director, Wealth Management, TD Bank Financial Group, comments, ``We are excited that SunGard is providing a proven solution to do both fund and portfolio accounting for our key business lines. INVEST ONE leverages advanced technology with a highly flexible Web- deployed architecture that will allow us to increase operational efficiency, enhance client delivery, and assist in creating a paperless workflow environment for our CDN$80 billion assets processed in these portfolios.''
INVEST ONE processes investment accounting for over 175 mutual fund groups, 11 of the top 50 world banking companies, 16 of the top 20 U.S. banks, and many of the world's largest pension plans and offshore funds. SunGard delivers its solutions either for client installation in-house or through SunGard's ASP environment. Additional information is available at www.sungardinvestment.com .