Canadian Western Trust Implements SunGard's Global Plus for Asset Management and Custody Processing
August 8, 2012 — Lombard, IL and Vancouver, BC
Canadian Western Trust Company (CWT) has implemented SunGard’s Global Plus multi-currency asset management and custody solution to support its growing institutional trust and custody business. According to CWT it has more than $6 billion of assets under administration and serves clients of all sizes by delivering flexible, value-added solutions for retirement trustee and custodial needs.
CWT has also implemented Global Plus’ Web-based front- and middle-office workstation for administration of client accounts. The Global Plus Web dashboard can help CWT more efficiently access client information, manage and monitor transactions, and retrieve documents.
Matt Colpitts, CWT’s vice president & 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 personalize 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 & retirement administration business, says, “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 CWT improve efficiency and be better positioned to further enhance its client services.”
About Canadian Western Trust
Based in Vancouver, British Columbia, Canadian Western Trust Company (CWT) is a wholly owned subsidiary of Canadian Western Bank (TSX: CWB). CWT offers self-directed registered accounts and investment accounts services to independent financial advisors, mortgage brokers and individuals. CWT also provides corporate and group services to corporations that offer employee retirement and pension plans. For more information, visit www.cwt.ca.
About SunGard’s Global Plus
A real-time, Web-based asset management and custody solution, Global Plus supports private banking, wealth management, personal trust, institutional trust, and global custody operations. Customers including trust banks and private banks employ the multi-currency and multi-lingual accounting and reporting features of Global Plus to support their operations worldwide. They rely on its straight-through processing capabilities to help increase automation and efficiency in their administrative activities.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. Look for us wherever the mission is critical. For more information, please visit www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Global Plus 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.