Contact Information: Contact: Rob Klapprodt Vestmark 781-224-3640 www.vestmark.com
Vestmark Provides Federated Investors, Inc. With Solution for Distribution of Fixed Income Managed Accounts Through Banks and Trust Companies
| Source: Vestmark, Inc.
WAKEFIELD, MA--(Marketwire - March 11, 2009) - Vestmark, the leading innovator in the
managed accounts technology market, today announced that Federated
Investors, Inc. (Federated) has successfully implemented the Vestmark
Managed Accounts Platform (VMAP) to support distribution of Federated fixed
income managed account strategies through banks and trust companies.
"Vestmark provides the functionality necessary to effectively support our
fixed income strategies. They have demonstrated a deep understanding of
integrating our financial systems with those used by our bank partners,"
said Bud Person, director of national sales of Federated's Wealth
Management and Capital Markets division. "Establishing the connectivity to
distribute Federated's fixed income solutions is groundbreaking. This
capability will enable Federated to offer the investment solutions that are
desired by banks and trust companies."
"For decades, Federated has been a respected and successful provider of
investment management expertise to their bank partners," said Rob
Klapprodt, President of Vestmark Software. "Vestmark's deep fixed income
modeling and trading capabilities has become a major differentiator for us
in the marketplace. We are excited to be working with Federated to help
them expand their relationships in the banking world, provide customized
fixed income managed accounts, and efficiently grow Federated's assets
under management."
About Vestmark
Vestmark is a full service investment technology provider for investment
managers, overlay managers, sponsors, and operations outsourcing service
providers in the managed accounts industry. Vestmark's solution enables
greater product innovation, increased operational efficiency, and
compliance for its customers. The Vestmark Managed Accounts Platform (VMAP)
is a modern, web-based platform providing complete functionality and
connectivity to support the innovation in managed account solutions and the
growth of the managed accounts industry. Vestmark is headquartered in
Wakefield, Massachusetts with offices in Oakland, California; Cambridge,
Massachusetts; and Jersey City, New Jersey. For more information about
Vestmark's managed accounts platform solutions, please call 781-224-3640,
email inquiry@vestmark.com, or visit www.vestmark.com.