London, 9th November 2004 - Financial Tradeware plc, provider of portfolio and fund management Straight Through Processing (STP) solutions, today announced the appointment of Saverio Bongo as European Sales Manager.
As a result of the recent launch of the Financial Tradeware product suite - Ultra.net(tm), H-FUND(tm) and S-Messenger(tm) - the company has appointed Saverio to spearhead the growth of the business across Europe. Saverio brings to the company more than 15 years experience successfully selling international wholesale and retail banking systems as well STP solutions to Financial Institutions. His track record and experience within the European market will be invaluable to Financial Tradeware as the company responds to an increasing number of opportunities in the investment management and hedge fund sectors.
Ultra.net(tm) is a suite of fund and portfolio management applications that automates front-, middle- and back-office operations for small to medium sized investment management firms. S-Messenger(tm) is a financial trade message routing system for the Straight Through Processing of SWIFT messages and H-Fund(tm) is a portfolio and fund management system designed to automate all the pre-and post-trading activities of Hedge Funds.
Saverio Bongo, Sales Manager at Financial Tradeware comments: "This is an excellent opportunity to be joining Financial Tradeware at this stage of the company's expansion. The recent migration of the product suite onto the Microsoft.NET platform is a very attractive proposition for small to medium sized investment managers and hedge funds."
Alberto Fontana, Managing Director of Financial Tradeware comments: "Financial Tradeware is in the enviable position of having a new suite of products that have been tested in real trading environment by our pilot clients. Having a number of new business opportunities in the pipeline means the value that Saverio brings to the company is significant. The development programme we undertook with Microsoft and our hard work and diligence has paid off and we look forward to firmly establishing ourselves as a vendor of choice in our chosen market."