With a network of more than 430 branches and offices in 20 African countries, the ECOBANK Group is known as “the pan-African bank.” To help boost its expansion, ECOBANK Asset Management has been looking for a best-of-breed, scalable investment accounting solution to automate its operations.

“We selected SunGard’s Asset Arena because of its extensive functional coverage and ability to meet our business needs,” commented Georges Kavege, managing director at ECOBANK Asset Management. “The solution was implemented on-site, over the space of a single month, with the help of SunGard’s Asset Arena professional services team. We have been quick to realize the benefits of a robust, flexible and scalable solution that will help support the growth of our business.”

Bernard Huré, managing director of SunGard’s European institutional asset management business, commented: “ECOBANK is a recognized leader in the growing African banking industry, so we at SunGard are pleased to welcome them as a new customer. By providing enhanced functional capabilities on a single platform, Asset Arena will help ECOBANK streamline its back-office operations and help it improve its operational efficiency.”

About Ecobank
Incorporated in 1985, ECOBANK Transnational Incorporated (ETI) is the parent company of the largest independent regional banking group in Africa. The ECOBANK Group currently operates in 20 African countries. In addition, ETI has been simultaneously introduced in the Stock Exchanges of Nigeria, Ghana, and the Abidjan Securities: Bourse Régionale des Valeurs Mobilières (BRVM). The Group has over 7,000 employees in over 430 branches. ECOBANK offers a full service in commercial banking. It provides business services, investment, transaction, retail banking and large clientele to governments, multinational corporations, individuals, small and medium enterprises (SMEs) and micro-enterprises in Africa.
www.ecobank.com

About Asset Arena
Asset Arena is SunGard’s global suite of solutions for front-to-back-office investment support, serving asset managers, third-party administrators, insurers and pension fund managers. Available as an integrated solution set or as individual offerings, Asset Arena covers the entire investment management life-cycle, including trading, compliance, investment accounting, portfolio management and performance measurement and attribution.

About SunGard
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies.
www.sungard.com

Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.