Fundtech Ltd. (NASDAQ: FNDT), a leader in global transaction banking solutions, today announced that Gil Gadot has been named managing director of Fundtech Asia-Pacific. Mr. Gadot is a co-founder of Fundtech and most recently held the position of executive vice president and CTO. He has a long and proven track-record of growing Fundtechâs business through new product introductions and geographic expansion.
Fundtech currently has a significant presence throughout the region with nearly 400 employees located in India, Singapore, Japan and Australia. The company has 37 clients in 14 countries using a wide variety of products including cash management, global payments, CLS and financial supply chain solutions.
Michael Sgroe, Fundtechâs president and COO said: âThis change supports our goal to become the clear leader in transaction banking products around the world. Our expansion strategy in the region will leverage our current operations, client base, and the strength of Gilâs leadership.â
âFundtechâs advanced SOA (service oriented architecture) development, and close consultation with our clients, enables us to offer the market a broad product line that addresses the sophisticated needs of financial institutions in Asia-Pacific. Our strategy will include direct selling as well as partnering with leading companies that have strong local presence on a country-by-country basis,â added Gil Gadot.