SunGard names CIO to managed account subsidiary

FWR Staff

12 April 2007

Ex-Lincoln director joins Advisor Technologies as chief investment officer. Ronald Madey, formerly Lincoln Financial's director of investments, has become chief investment officer of Advisor Technologies, a SunGard-owned third-party separately managed account platform provider.

Split infinitive

Advisor Technologies hasn't had a CIO up until now.

Madey "will leverage his knowledge and experience in investment-program management, asset allocation, multi-manager investment structures and wealth management to expand SunGard's expertise in helping financial institutions to better manage client portfolios and more effectively serve private clients," according to a SunGard press release.

SunGard bought Sacramento, Calif.-based Advisor Technologies, formerly London Pacific Advisors, in 2003.

Wayne, Pa.-based SunGard provides software and investment-processing services to financial-service companies. -FWR