The awards are designed to recognize excellence in securities finance, with industry participants invited to nominate those firms they feel are top performers. In total 43 firms were nominated in 22 categories, and just under 6,000 votes were received. SunGard was recognised for both its new technology innovation and its commitment to an existing portfolio of well-established securities lending solutions.
GSL Editor-in-Chief Roy Zimmerhansl commented: "We'd like to congratulate SunGard on being named Technology Provider of the Year at the Securities Lending Industry Awards 2010. In what has been a turbulent time for this industry, the voting public has clearly decided that SunGard has continued to perform at a high level. They join our other winners in leading what we hope will be a strong second half for 2010, and we wish them well."
Brian Traquair, president of SunGard's capital markets and investment banking business, said, "This continued recognition from GSL's readers is testimony to the confidence our customers have in our people and solutions. We recognize that the securities lending industry is ever evolving, and by launching new solutions such as Apex, we have shown our commitment to working together with our customers to address new market requirements as they arise. Our goal is to help our customers gain increased transparency, improved efficiency and reduced costs across their business, and this award shows that we are going the right way."