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Management Strategies

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WORLD TRADE CENTER ROUNDUP

SunGard reports three employees visiting the World Trade Center at the time of the attack remain missing; Bank of New York reports its systems were up and running days after the attack; The Risk Management Association will donate $100,000 to a charity established for the victims of the September 11 attacks; AXA Group and AXA Financial to raise $15 million for September 11 relief effort.

SunGard, New York, reports that three employees who were visiting clients in the World Trade Center remain missing.

The company did not release the names of the missing.

"Our first concern is for the safety of our employees," said Cris Conde, president and CEO of SunGard. "We have been talking to their families and doing everything we can to help."

Meanwhile, SunGard's Business Continuity and Internet Services division is currently supporting 22 disaster declarations and monitoring 70 alerts. The company is supports these subscribers at five facilities along the eastern seaboard and one in Chicago.

"We are doing our best to help the financial community resume business swiftly and safely," Conde said.

For periodic updates on SunGard recovery efforts, visit www.recovery.sungard.com.

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The Bank of New York announced that virtually all of its systems are up, running and otherwise recovered from the terrorist attacks on New York City.

Although its lower Manhattan headquarters remains closed, Bank of New York has temporarily moved to alternate locations and, "is open for business in New York City, across the country and around the world."

For more information, contact Bank of New York at www.bankofny.com.

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The Risk Management Association (RMA), Philadelphia, announced that it will donate $100,000 to the Victims and Families Relief Fund, a charity established by the American Bankers Association, and state banking groups in New York and Virginia to aid those injured during the terrorist attacks on September 11.

"We have all been profoundly affected by the events of last week," said Maurice H. Hartigan, president and CEO of RMA. "The financial services industry was hit particularly hard by the attack. But it is proving its strength and resiliency. At this time we all want to help any way we can."

For more information on the RMA and the Victims and Families Relief Fund, contact the RMA at www.rmahq.com.

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AXA Group and AXA Financial Inc., New York, have committed $10 million to launch a worldwide $15 million corporate fund raising campaign to support the relief effort stemming from the terrorist attacks on September 11.

The company has established the AXA 9/11 Relief Fund to coordinate and maximize the contributions of its employees and associates. AXA will donate $10 million based on a $2-for-$1 matching gift program. It is anticipated that AXA employees across 50 countries will donate $5 million or more in individual contributions.

"We feel that a $2-for-$1 matching gift program would be the most meaningful way to aid relief agencies that have worked tirelessly for the past week and will continue their humanitarian efforts far into the future," said Jip Condron, CEO, AXA Financial.

For more information on this charitable effort, contact Barbara Wilkoc at [email protected]

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