MANAGEMENT BRIEFS

SunGard Financial Systems Inc. and Devon Systems International Inc., both subsidiaries of SunGard Data Systems Inc. of Wayne, Penn., have selected Sybase's SQL Server relational database management system for their capital markets applications. SunGard Financial and Devon will use Sybase in a new global system for trading and tracking securities that the two companies have been jointly developing. SunGard Financial provides securities management system to banks, brokerages, thrifts, insurance companies and other financial institutions. Devon supplies risk management systems for securities and derivative products.

Aegon Verzekeringen, a Netherlands-based insurance company, will install Thomson Financial Services Inc.'s Portia portfolio management system at 24 user positions. Aegon has $34 billion in assets under management and holds positions in 8,500 financial instruments. The Portia modules purchased by Aegon include multicurrency, multicurrency performance, and variable rate securities. Aegon's private loan and fixed-income managers will use Portia to support portfolio analysis, client reporting, and investment operations. Transaction data from Portia will be exported to Aegon's mainframe accounting system.

Chicago-based consultant Ronald Surz has launched the Performance Presentation Consulting Alliance to offer compliance services on the Association of Investment Management & Research (AIMR) standards for portfolio manager performance reporting. Surz plans to work with other firms and recently forged a tie with Chicago accounting firm Checkers, Simon & Rosner.

Interactive Data Corp. has added data for securities traded in Mexico, Chile, Brazil and Argentina to the end-of-day pricing services it provides to the mutual fund industry. The Latin American data is supplied to IDC by Everest Capital of Jersey City, N.J.

Meanwhile, Mexican market data vendor Infosel S.A. is developing a client-server platform targeted at institutions south of the border. As part of the project, Infosel is seeking to form a partnership with a vendor of portfolio management software.

Bridge Information Systems Inc. is seeking to add institutional salespeople. The vendor will charge the new hires with attracting new buy-side clients and supporting existing. At the same time, Bridge plans to bring sales staff for the sell side to service customers in that sector.

EJV Partners L.P. is suggesting that potential customers of its UniVu fixed-income data and analytics service consider local data distribution systems other than Quotron Systems Inc.'s Trading Support System (TSS), according to sources. Quotron is seeking to sell the TSS source code to third parties and to customers (Trading Systems Technology, Sept. 21).