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Triple Point Names Simon Woods as Managing Director, Asia Pacific

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today it has appointed Simon Woods as Managing Director, Asia Pacific, to drive Triple Point’s rapid expansion into the region’s growing commodity and energy markets. Woods will operate from Triple Point’s Singapore office.

Asia Pacific is a growth market with Singapore playing a major role. The active port city continues to grow as the nexus of commodity trading, procurement and logistics activity for Asia and is an important hub for Triple Point’s growing list of bulk physical commodity customers in oil, agriculture, metals and liquefied natural gas (LNG). Woods will focus on generating sales and growing regional business in Japan, Korea, Singapore, Malaysia, Indonesia and Australia and leveraging relationships with Triple Point’s strategic partners SAP and Accenture region-wide.

Woods joins Triple Point as a veteran in commodity markets with proven success and emphasis in the Asia Pacific region. He most recently served as a Managing Partner at IKAT Capital Ventures, a firm of international executives creating value in technology and services businesses in China, Malaysia, India and the Philippines. Mr. Woods spent much of his 25-year career at trading and risk firm, SunGard, where he held several key leadership positions in Europe and Asia.

“The Asia Pacific region plays an important part in the commodities value chain and continues to show strong growth,” said Greg Taylor, EVP, global field operations, Triple Point. “Simon’s in-depth knowledge of trading and risk systems and proven experience in the Asia Pacific region make him the perfect choice to support Triple Point’s customers in the region and drive significant expansion.”

Triple Point is the established leader of commodity trading and risk management systems in the Asia Pacific region with clients across commodity classes including PETRONAS, oil and gas; ABB Grain, agriculture; and HDFC Bank, financial. “For the last couple of years I’ve watched Triple Point increasingly gain market share throughout the Asia Pacific region,” said Simon Woods, managing director, Asia Pacific, Triple Point. “Triple Point’s leadership position pays testament to its exemplary service and product innovation. I feel fortunate to join such a talented and dedicated team.”