Technology
Schroders Picks SunGard’s Ambit For Centralised Risk Management
Schroders Private Banking has gone for SunGard’s Ambit Liquidity Risk Management and Ambit Asset Liability Management solutions to support its ability to meet the UK’s Financial Services Authority's stress testing regulations, as well as enhancing its instrument coverage and analysis capabilities.
The combined solution will be implemented in the bank’s service centre in Switzerland to support Schroders’ private banks in Switzerland, the UK, Guernsey and Singapore.
Schroders Private Banking decided to implement centralized risk management in Switzerland. It picked Ambit to help address ongoing regulatory change and perform liquidity risk management in accordance with local regulations.
The bank also hopes Ambit will help improve its balance sheet management, run stress tests, proactively manage its cost of contingent liquidity and enhance its instrument coverage while providing location-specific analysis capabilities.
