- User group meeting held with hedge fund clients to discuss specific local requirements
- Growth to continue in Asia in 2007 with a 25 per cent increase in staff
Sophis, a leading provider of cross-asset, front-to-back risk and portfolio management solutions, last Thursday, held a reception at the Mandarin Oriental Hotel, Hong Kong, to celebrate a successful year in Asia. Staff, clients, partners and journalists all attended the event to toast Sophis' expansion. Prior to the party, Sophis held its first regional user group meeting with its hedge fund clients to present Sophis' roadmap for the next 18 months, give a preview of the functionalities to be delivered in VALUE 3.3, which is to be released in the last quarter 2007 and discuss specific local requirements in terms of product functionalities and services.
Sophis now has more than 25 clients in the region, including BOCI (Bank of China International), HSBC and BEA (Bank of East Asia). Since its first footsteps in Asia ten years ago, continued efforts and unique strength in equity derivatives has enabled Sophis to establish itself as a market leader, with the vast majority of equity and structured derivatives traded in the region being processed by the firm's technology. Sophis has supported its success in Asia with an increase in staff to 19 and has plans to increase the number of staff in Asia by a further 25 per cent by the end of 2007.
Sebastien Roussotte, Head of Strategic Marketing, Sophis, says, "With the pace of innovation in the Asian markets being as rapid as it is, both in terms of hedge funds' horizons and the retail structured products market, we are proud to be working with our clients to ensure that they stay at the forefront of the competition. We are strongly committed to the hedge fund community and believe that discussing local requirements is very important for continued success in the region. The feedback we got at yesterday's user group meeting was very interesting and we are looking forward to deliver what we have committed to our clients in the coming months."