Capitalgest Asset Management Selects Integrated SunGard Solution; Panorama and Decalog to Provide Complete Portfolio Management and Risk Analysis for 20 Funds and 5 Fund of Funds

Business Wire, May 20, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--May 20, 2002

SunGard (NYSE: SDS) today announced that Capitalgest Asset Management, based in Brescia, Italy, has selected Panorama and Decalog for cross-asset order management, risk analysis, compliance, portfolio management, and performance measurement and attribution.

Capitalgest is the third asset management firm in Italy to select this integrated SunGard solution to support its growing business.

Capitalgest selected Panorama Decalog as the technology platform to support its current investment activities, as well as its launch of five open, non-harmonized Italian law fund of funds. The first two funds will invest in global equities, while the other three will invest in multiple asset classes.

With this single vendor solution, Capitalgest will be able to seamlessly manage daily activities and measure risk and performance across its entire operation. Panorama Decalog will also enable Capitalgest to build best practice compliance and risk management controls, with risk-adjusted performance measures, portfolio benchmarking and customized reporting tools.

Sebastiano Di Pasquale, managing director of Capitalgest, said, "We selected SunGard because it was the only vendor that could provide a cross-asset solution that encompasses the entire range of functionality we require across risk and order management. The seamless integration of Panorama and Decalog will enable us to streamline our operation and achieve greater efficiencies. The comprehensiveness of the SunGard solution, combined with the strength, resources, expertise and reliability of the company, sets it apart."

Gavin Lavelle, president of the Panorama operating unit, said, "Panorama Decalog is a flexible, scaleable, cross-asset solution that offers asset managers the means to obtain control, oversight and transparency. Our technology platform is ideally suited to growing asset managers, who want to embrace industry best practices of order management, straight-through processing, compliance and risk-adjusted performance."

Harold Finders, managing director of SunGard Investment Management Systems, Europe, said, "SunGard's focus on company-wide integration and connectivity is evidenced in our contract with Capitalgest. Increasingly, asset managers in Europe are looking for a single vendor solution. Capitalgest's selection of Panorama Decalog demonstrates our ability to deliver real-time, connected, end-to-end solutions. We are excited that Capitalgest has chosen SunGard as a partner in its pursuit of straight-through processing."

About Capitalgest SGR

Capitalgest is the asset management arm of the Banca Lombarda Group, with over 12 billion euro in assets under management. It was founded by Banca San Paolo di Brescia in 1984 and launched its first balanced fund in July 1985. In 1997, Capitalgest signed an agreement with Salomon Smith Barney (now Citigroup Asset Management) to enhance the range of its products by offering specialized funds in the American, European and Pacific markets. Following the merger in 1999 of Banca San Paolo di Brescia with Credito Agrario Bresciano to create the Banca Lombarda Group, Unigest SpA was incorporated into Capitalgest, which is the fund management arm of the Group. Today, Capitalgest offers a range of 22 investment funds and five fund of funds that cover the world's major equity and bond markets, across geographies, currencies and sectors. Visit www.capitalgest.it

About SunGard Trading and Risk Systems

SunGard Trading and Risk Systems provides integrated, enterprise-wide solutions for financial trading, risk management and operations, as well as asset liability management and financial planning and forecasting. Serving over 500 clients, it offers Web-enabled solutions for achieving straight-through processing, and for managing market, credit and operational risk. Clients include banks, broker/dealers, asset managers, hedge funds, corporate and government treasuries of every size, geographical reach and operational complexity. For energy companies, SunGard Trading and Risk Systems provides trading, risk management and commodity scheduling software solutions. Visit www.risk.sungard.com

About SunGard Investment Management Systems

SunGard Investment Management Systems provides in-house and ASP solutions to the buy-side investment management market for trading, portfolio management, compliance, investment accounting, private banking, performance measurement and attribution applications. These products support comprehensive straight-through processing from trade initiation, to execution using client-selected brokers, through accounting and client reporting. SunGard solutions support the complex needs of many of the largest financial service firms in the world representing in aggregate approximately $8 trillion in assets processed daily by these solutions.

About SunGard

SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.