Canadian Western Trust Company has implemented SunGard’s Global Plus multi-currency asset management and custody solution to support its institutional trust and custody business.
The company has more than $6 billion of assets under administration and provides solutions to clients of all sizes with retirement trustee and custodial needs.
Canadian Western has also implemented Global Plus’s internet-based front- and middle-office workstation for administering client accounts. The Global Plus workstation can help Canadian Western to “more efficiently access client information, manage and monitor transactions, and retrieve documents”, according to SunGard.
Matt Colpitts, Canadian Western’s vice president and general manager, said: “In order to continue the strong momentum we’ve built over the last few years, we are expanding service to plans of all sizes by tailoring more products to meet our clients’ unique needs.”
“We chose SunGard’s Global Plus as our processing solution because it helps us to further personalise our services while supporting continued business growth. The system is already helping increase our operational efficiency and scale to manage our growing portfolio, while helping us to continue to deliver the high level of service that our clients are accustomed to.”
Eileen Van Scoy, executive vice president of SunGard’s wealth and retirement administration business, said: “Client service is the key differentiator in today’s competitive trust industry, and increasing operational efficiency is a key factor in providing excellent service. SunGard’s Global Plus back office accounting and custody solution can help Canadian Western improve efficiency and be better positioned to further enhance its client services.”
