Sparinvest has selected SunGard’s XSPrisa to automate its global corporate actions processing. The solution will help Sparinvest eliminate the traditional manual processing and risk associated with corporate actions.

SunGard’s XSPrisa allows firms to access corporate actions processing functionality in a Software-as-a-Service (SaaS) environment for rapid deployment without the burden of infrastructure costs and operations. The implementation of XSPrisa will help Sparinvest mitigate operational risk, as well as increase client service levels and scalability to efficiently process the growing volume and complexity of events.

“Celent has witnessed a secular trend of increasing comfort with cloud-based deployment. For many firms, moving towards a SaaS environment with lower entry costs helps with adoption of corporate actions tools. A SaaS environment enables upgrades to occur ‘behind the scenes,’ making it more likely that firms will be running more up to date software.” – David Easthope, senior vice president, Celent

“We have seen that corporate actions automation continues to be a key priority for financial institutions of all types and sizes. Firms such as Sparinvest look to SunGard to help them achieve more in their efforts to manage a growing business while reducing the risks and costs associated with global corporate actions processing.” – Brendan P. Farrell, Jr., executive vice president and general manager, XSP, SunGard

CACEIS has been appointed by the Advenis Investment Managers management company (the entity previously known as Avenir Finance Investment Managers) to provide account-keeping/custody and depositary services for its entire fund range. 

Northern Trust has won a mandate from Muscat Capital, the Saudi Arabia-based investment banking arm of Bank Muscat, the largest commercial bank in Oman. 

Mutuelle du Personnel IBM (IBM’s staff health insurance scheme) has asked CACEIS to meet its requirements for look-through reporting, data enrichment and calculation of the gross market SCR (solvency capital requirement) for portfolios already held under custody in light of the Solvency II reform, in effect from January 1 2016. 

JP Morgan Investor Services has been appointed as custodian of West Australia-based WA Super's investment portfolio.

BNY Mellon has been appointed as account bank for the Activate Capital lending platform (Activate Capital). 

A US subsidiary of Fiera Capital Corporation (Fiera Capital) has been retained by SEI, a global provider of investment processing, investment management, and investment operations solutions, to act as a sub-adviser for the newly created international equity collective investment trust (CIT) implemented through SEI Trust Company subsidiary.