CITICS Selects SunGard's Investment Accounting Solution
CITIC Securities (CITICS), an international investment bank based in Beijing, has selected SunGard's Asset Arena Investment Accounting solution for its asset management business.
Asset Arena will provide cross-border portfolio valuations to enable CITICS to meet its multi-currency, multi-GAAP (Generally Accepted Accounting Principles), multi-market, and multi-product valuation accounting requirements.
"For many institutions within the Asia Pacific region, the expanding economy has meant that
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