Itochu Enex, a Japanese energy provider, has extended its technology outsourcing with SunGard’s Valdi and Stream Clearvision ASP Services to help operate its front-to-middle office technology platform. The agreement will also provide infrastructure for their commodities hedging business line in Asia-Pacific.
“When recently relocating offices, we integrated SunGard’s Valdi ASP Services for our total commodities hedging solution, which is delivering a lower total cost of ownership to our operations,” said Tomohiro Akaishi, manager, Itochu Enex. “Since the software and infrastructure is managed by SunGard as a fully outsourced solution, it will help us reduce costs and administration of having multiple vendors, and therefore provide more resources for us to better serve our clients.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.