Pierpont Securities has selected SunGard’s Loanet to help manage its securities finance operations, including trading, inventory management, accounting and settlement.

The boutique broker-dealer selected Sungard's service to support its ambition to expand its securities lending service offerings.

“Choosing a solution that is delivered as a service, such as SunGard’s Loanet, enables us to efficiently grow our securities lending business and interface with our clients effectively,” said Bruce James, chief operations officer, Pierpont Securities.

“As a growing company, improving efficiency and productivity with a comprehensive solution is critical as Pierpont continues to expand its service offerings,” said John Grimaldi, president of SunGard’s North American securities operations and securities finance.