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18 May 2012
Bejing
Reporter Georgina Lavers

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Chinese CITC Securities chooses SunGard

CITIC Securities has chosen SunGard’s Asset Arena Investment Accounting solution as the accounting solution for its asset management business.

CITICS is relying on Asset Arena to help it meet multi-currency, multi-GAAP, multi-market and multi-product valuation accounting requirements.

Wang Yanqing, vice president and head of China operations in SunGard’s asset management business said: “CITICS selected SunGard because of our product management strategy, our deep understanding of Chinese and international business and our proven reliability in delivering on-time, on-budget implementations in China.”

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