Private Equity Firm Kohlberg Kravis Roberts & Company Selects SunGard's STN to Help Automate Trade Execution
Kohlberg Kravis Roberts & Company (KKR), a leading global alternative asset manager and private equity firm, has selected SunGard's STN Securities solution to help improve its trading efficiency from price discovery through execution.
Wayne, PA (Vocus) June 16, 2009
Kohlberg Kravis Roberts & Company (KKR), a leading global alternative asset manager and private equity firm, has selected SunGard's STN Securities solution to help improve its trading efficiency from price discovery through execution. STN Securities is part of the SunGard Transaction Network, an order routing network for equities, fixed income and options, connecting asset managers, issuers, and broker-dealers globally.
In today's financial climate, asset managers need to position their businesses in a way that helps them to effectively compete for assets and reduce transaction expenses. To achieve this, they need trading tools that help them enhance communication between institutions while improving execution quality and transparency. STN helps automate the steps in the trade lifecycle from order and execution through the post-trade process. In addition to providing KKR with a reliable order routing network, STN will integrate with KKR's order management system to help achieve a straight-through processing environment.
Ed Brandman, chief information officer at KKR, said, "Through its extensive network connectivity SunGard's STN will give our firm the tools we need to help us gain increased liquidity access, price transparency and transaction data integrity."
Kevin Rafferty, president of SunGard's wealth management business, said, "SunGard provides asset managers with solutions that help them focus on managing and growing their clients' assets. STN provides the connectivity, automation and reliability to help asset managers gain control of transaction costs, minimize failure rates and streamline their trading processes."
About Kohlberg Kravis Roberts & Company
Established in 1976, KKR is a leading global alternative asset manager. KKR's franchise is sponsoring and managing funds that make investments in private equity, fixed income and other assets in North America, Europe, Asia and the Middle East. Throughout its history, KKR has brought a long-term investment approach, focusing on working in partnership with management teams of its portfolio companies and investing for future competitiveness and growth. Funds that KKR sponsors include traditional private equity funds and KKR Private Equity Investors, L. P. (Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; two credit strategy funds, KKR Financial Holdings LLC (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions; and separately managed accounts focused on a variety of asset classes. KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington D. C., London, Paris, Hong Kong, Tokyo, Beijing, Mumbai and Sydney. More information about KKR is available at: http://www. kkr. com.
About STN
A trade automation, compliance and connectivity solution, the SunGard Transaction Network (STN) links institutions throughout the financial services value chain, facilitating the purchase and sale of many securities types, including U. S. and foreign equities, fixed income, mutual funds, money market funds, certificates of deposit, and commercial paper. Integrated directly with SunGard systems and with third-party systems, STN helps automate the entire transaction lifecycle.
About SunGard
SunGard is one of the world's leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world's 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher 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 exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at http://www. sungard. com.
*January 2009 Technology Vendors Financial Database Tracker http://www. datamonitor. com
STN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited - Authorised and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ. SunGard Global Execution Services Limited is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the FSA under UK laws, which differ from Australian laws.
STN Brokerage Services offered throughout the United States are provided by SunGard Institutional Brokerage Inc. * Member FINRA/SIPC * 377 E. Butterfield Rd., Suite 800 * Lombard, IL, USA 60148
STN Order Routing Services provided in Japan and Singapore is provided by SunGard Business Systems.
Trademark Information: SunGard, the SunGard logo and STN 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.
For more information, contact:
Adriana Senior
SunGard
Tel: +1 718-578-1130
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