Misys to nearly triple presence in China within a year

30 June 2011

No.1 for capital markets in China celebrates 30 years in Asia in 2011

Misys plc (FTSE: MSY.L), the global leader in treasury and capital markets solutions, announced today the group’s plan to extend its market leadership and its long-term commitment to China by growing its staff strength in China from 120 to 300, over the coming year.

“We are celebrating an incredible 30 years in Asia this year and during that time have built an enviable leadership position in China, with over 40 clients, including some of China’s leading banks and asset managers,” said Ed Ho, Executive Vice President and General Manager, Treasury & Capital Markets, Misys.

“As part of our continued commitment to provide our clients with innovative, localised and tailored solutions, we are stepping up our investment in China so as to help our customers with their aggressive growth plans and leverage on market trends like the internationalisation of RMB and the roll-out of new products,” continued Ed Ho.

Misys will be moving its current service centre in Beijing to a larger brand new office at the end of July to accommodate the planned expansion. The state-of-the-art facility will allow our experts to design and develop solutions to address local market requirements and service our expanding client base in China and the APAC region.

Misys clients will be able to learn more about the company’s latest research and development and regional strategy at an APAC User Group conference in the autumn, a chance to showcase what has worked for Misys’ current clients and for them to seek advice and share best practices.

Shen Shaozhen, General Manager, Bank of Communications Operations Centre, spoke about the difference Misys had made to their business: “As the fifth largest bank in China by market capitalisation and with a reputation of high standards and quality to maintain, client service is of utmost importance to us. We continually strive to improve our service in every way we can, to all our clients whatever their size. This means that we have to introduce the best technology on the market to improve systems, achieve optimal efficiency and keep costs and risks to a minimum.”

Over the last year Misys has won numerous awards including Asia Risk Technology Company of the Year and the Asian Banker “Best Trading Platform Back Office” for its Summit FT implementation at Bank of Communication Shanghai.
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