Expanding Oil and Gas Firm Chooses SunGard for Treasury Management

Austrian oil and gas firm OMV has selected SunGard’s AvantGard-Quantum and AvantGard-Risk systems for its group treasury function in Vienna. Udo Giegerich, senior vice president, group treasury at OMV, said, ‘Our goal is to double our oil and gas production volumes and market share in our downstream business by 2008. The need to optimize the management of group cash and effectively manage treasury risk makes our treasury unit integral to that effort.’


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