SunGard has expanded its leadership team with the appointment of Andrew Bateman as its newest President of its Treasury Business group, according to a SunGard statement.
Mr. Bateman has been a mainstay at SunGard for over fifteen years, having worked across a number of different channels and areas of focus during his tenure. He has specialized in energy companies, corporate hedgers, hedge funds, and financial services firms with a focus on global energy and commodities.
Prior to the promotion, Mr. Bateman served as the Executive Vice President of global accounts, Chief Operating Officer of international distribution, and Managing Director of SunGard’s AvantGard solution for Europe, Middle East, and Africa (EMEA).
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According to SunGard’s Group President, Scott Coffing, in a recent statement on the appointment: “I appointed Andrew to help drive innovation and expansion within our Treasury business. Following recent developments including the integration of payments and treasury, the move to SaaS and the expansion of managed services, we are looking to deliver new and exciting advancements to this space.”
“Given my extensive treasury background as both a practitioner and consultant, I understand the evolving demands and challenges. I look forward to working with the leadership team to take our services and solutions to the next level,” added Mr. Bateman in an accompanying statement.
SunGard made headlines late last month after its software suffered a glitch which caused a breakdown at BNY Mellon’s trading facility. Consequently, the malfunction placed billions worth of dollars in a precarious state of disarray that took almost a week to resolve.