Vermeg Opens Office in Athens to Cover South East Europe

15 September 2008

VERMEG, the Paris and Tunis based provider of world ranking securities processing solutions, announced today the opening of an office in Athens to cover South East Europe, Turkey, Egypt and the Balkans region.

This initiative reflects the commitment of VERMEG to better serve its existing clients in the region by providing local support, to be proactive in anticipating any changes in local market practices and local regulations and to capture the business momentum in the rapidly evolving securities processing market in the area.

The office is headed by George Kanzos who has a long track record of more than 23 years in IT, Organisation and securities processing, having successfully worked for Arab bank Greece, Société Générale in Athens and at a regional banking software provider .

“By establishing an office in Athens, we will be closer to our clients in the region and able to respond to the growing demand for best of breed securities processing systems such as VERMEG’s SWIFTReady Gold Labelled Megara” said Baddredine Ouali, VERMEG CEO. He added, “We are also very pleased to welcome George Kanzos as Managing Director. His experience in the industry will be of great benefit for VERMEG in expanding its footprint in South East Europe and beyond.”

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