Eurohypo selects Front Arena

The real estate and public financing specialist with E230 billion in assets chose Front Arena for its strong front-office capabilities and flexible system architecture, said Wolfgang Groth, Eurohypo head of treasury. “We needed a solution that could integrate seamlessly with our current SAP environment and fully manage our structured interest rate derivations, fixed-income, money market and credit derivatives,” Groth added.

Stephen Butcher, Front Capital Systems' head of operations, said Front Arena should help Eurohypo to realise greater efficiency and profitability.

The terms of the sale were not disclosed.

Stockholm-based Front Capital Systems is an operating unit of Pennsylvania-based IT systems provider SunGard.

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