Maple selects SunGard’s Apex 16 July 2012Toronto Reporter: Mark Dugdale
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Financial services provider Maple Financial Group has chosen SunGard’s Apex securities finance solution for its operations in Frankfurt, London, Toronto and New Jersey.
Toronto-based Maple Financial has been a SunGard customer since 1995. Its principal operating subsidiary is Frankfurt-based Maple Bank. The bank has a branch in Toronto, and owns regulated broker dealers in London, New Jersey and Toronto.
Maple Financial is engaged in customer business, carry and proprietary trading, securities finance and treasury activities.
The migration to Apex supports Maple Financial’s plans to combine its global equity and fixed income securities lending/borrowing and repo business, according to SunGard.
Maple Financial selected Apex because of its consolidated position management functionality and its ability to support securities lending activities across the enterprise.
James Leach, the COO of Maple Financial, said: “We have had a strong relationship with SunGard since we implemented its Global One solution 16 years ago. Apex provides the enterprise securities finance platform that we require to expand our business as well as supporting a cost effective implementation within our tight schedule.”
“The securities finance business is constantly evolving, and SunGard’s more than 25 years of experience in this area is helping financial institutions effectively manage their securities finance operations across geographies and assets,” added Craig Costigan, executive vice president and general manager in SunGard’s capital markets business. “Apex gives Maple Financial Group and other customers the real-time, global control and flexibility that they need to expand their business.”
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