Friday, 4 July 2008

Serisys Opens Office in S’pore, Strengthens Asian Presence

Serisys Solutions, a provider of next generation applications to the capital markets, investment and banking industries in Asia, has opened its South East Asia headquarters in Singapore.

“Singapore is widely recognized as one of the most important financial centres in Asia.

Leading financial institutions have established regional trading and operations hubs in Singapore which means it is a critical part of our growth strategy,” said Tim Marsh, Chairman, Serisys Solutions.

Spearheaded by the Singapore Stock Exchange (SGX) and encouraged by the Monetary Authority of Singapore (MAS), the local market has successfully opened up and positioned itself as one of the leading financial centres in Asia Pacific. As a consequence, global financial services institutions are wishing to capitalize further on Singapore’s advanced infrastructure and regulatory framework to introduce their very best technologies and operating practices locally.

“Serisys is proud that we are enabling the financial services institutions to introduce world-class practices in Singapore through our applications to give them a competitive advantage,” added Marsh.

With Singapore’s initiatives in building a robust and sophisticated financial market structure, Serisys views this as a strategic investment. The SGX has increased equity trading value alone to 300% year on year from 2006 to 2007. Much of this has been driven by foreign investments flowing into Singapore from India, China, Korea, Japan and the rest of Southeast Asia.

“We believe our new office in Singapore will contribute to maintaining Singapore’s clear leadership in financial services in South East Asia. It will enhance our service capabilities for our customers, investment banks, hedge funds, ATS, stock exchanges and brokerages, helping them to succeed in South East Asia’s thriving financial markets,” concluded Marsh.

Serisys is headquartered in Hong Kong with an additional office in Tokyo besides the new office in Singapore.

Serisys offers services such as Application Service Provision (ASP), application implementation and application support.