SunGard has opened an East African office in Nairobi, Kenya. 

The Nairobi office will provide support to Sungard's exisiting customers in Kenya, Tanzania and Uganda. It will offer professional services, training and project support, and function as a sales and account management base to expand and service new customers in the broader East African region. 

“With East Africa’s sizeable and strong developing financial services market, there is an increasing need for sound market regulation and compliance," said Fred Manthe, managing director East Africa for SunGard. 

"As we focus on the region’s positive economic growth and expanding client network, we are very excited about our strategic investment in East Africa and look forward to offering our customers a more efficient, competitive and industry aligned solutions and service delivery.”

The Nairobi office is SunGard’s fourth regional operating office in Africa. SunGard already supports over 140 customers in Africa, which include banks, securities firms, hedge funds, pension funds, asset managers, energy and commodity trading firms, insurance companies, corporations and government entities in 15 African countries.

“Countries in East and Central Africa have undergone a considerable and positive transformation in recent years. The sub-Saharan mobile money revolution alone has enabled Kenya to claim a leading position in the financial services arena, with banks offering a diverse range of new products such as loans, savings accounts, mortgages and insurance," said Alberto Fasana, managing director Africa for SunGard. 

"We are supporting the local financial industry with the underlying technology and services which enable clients to bring new products to market quickly, automate their business processes, implement tighter risk management practices, and meet required regulatory demands.”