SunGard Treasury Systems (STS) has announced the opening of its new Tokyo office, expanding its presence and reinforcing its commitment to Asia Pacific-based clients. SunGard Treasury Systems, Calabasas, California, USA, operates regional headquarters in London and Sydney, in addition to 19 regional offices in 10 countries on five continents. STS said establishing a presence in Japan is key to meeting the needs of large internationally-focused corporations, government agencies and financial institutions. Until now, Japan-based clients have been served primarily by the Sydney and Christchurch, New Zealand offices of STS. Ken Dummitt, president, SunGard Treasury Systems, said: ‘Historically, internationally-focused corporations and financial service providers based in Japan, were able to operate their treasury activities efficiently using in-house developed technology. As these systems begin to age, and new international accounting policies, designed to protect shareholders and employees alike, are adopted, treasury solution providers become a much more viable and sagacious choice within the Asia Pacific market.’
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