Prudential: Prudential Assurance, the London-based pensions and investment management company, is installing Summit Systems risk management and trading applications to support a new treasury operation.

The fund plans to launch a retail banking subsidiary in October this year, say Prudential officials, and will use and extend Summit to support as much of the new bank's treasury as possible (Derivatives Engineering & Technology, May 27).

L-Bank: Germany's Landes-kreditbank Baden-Wurttemberg (L-Bank)

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