Patsystems plc opens Hong Kong office changes announced to Asian teams

Singapore / Sydney / Hong Kong - 14 August 2007

Following a substantial growth in the region’s derivatives industry, Patsystems plc is pleased to announce the opening of a new office in Hong Kong. The move follows the appointment of Barry White to the position of Regional Director Asia Pacific, and subsequent changes to the Asian team structure and location.

The decision to establish a permanent office in Hong Kong is based on the considerable interest and prospect opportunities for Patsystems in the area. Hong Kong has shown substantial growth within the derivatives industry, over the past three years. Currently, Patsystems has seven customers with offices in the region, and now provides connectivity into Hong Kong Exchanges and Clearing Limited, HKEX. This office will be managed by Allison Nam, Senior Sales Manager

In addition to this new development, Patsystems is pleased to report further changes in the area. Barry White, Regional Director Asia Pacific, will be moving from Sydney to be based permanently in Patsystems’ long-established Singapore office, and Grant Lowden will move from our London office to Sydney, to become Patsystems Sales Manager Australia.

Barry White, Regional Director Asia Pacific, Patsystems, said:

"The Asian derivatives sector continues to grow and provide us with interesting opportunities, both in extending global derivatives trading solutions for our existing global customers and in attracting new business from major Asian banks and brokers. These changes to our regional infrastructure reflect Patsystems’ commitment to providing leading technology to this sector."

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