HypoVereinsbank Takes Control With SAS

Overview

European banking giant HypoVereinsBank (HVB) wanted to improve portfolio quality and control. In 2004, HVB created the Active Credit Portfolio Management (ACPM) Division to change the Corporates & Markets business division's credit portfolio management from "Buying and storing" credits to active management. Portfolio managers needed a reliable way to actively control their portfolios. HVB is now using SAS to centralize its credit portfolio management while helping to diversify its holdings and avoid risk.