FinArch appoints new Vice President for Asia Pacific

9 September 2008

Financial Architects, leading provider of Finance Resource Planning (FRP) solutions, is pleased to announce the appointment of Tuck Chan as new Vice President, Regional Business Development for Asia Pacific. The addition of Tuck Chan to FinArch’s Asian sales team reflects the company’s significant growth and expansion in the region.

Tuck Chan brings with him more than two decades of experience in the financial services industry, having worked previously with banks as well as technology firms. He started his career at Scotiabank in their Financial Forecasting Group and subsequently in the North American Investment Banking group where he was responsible for performing daily mark to market revaluations on Devon and also performing Volatility analysis on risk for the traders. At IBM, Tuck led successfully the Asia Pacific Operations. While at Reuters, he was the head of business development for the Trading and Risk Management Group. Tuck joins FinArch from Adobe, where he served as the head for Financial Services.

In his capacity as Regional Vice President for Asia Pacific, Tuck will be defining and implementing the go-to-market strategies for all aspects of Financial Studio in the APAC region. He will leverage his extensive professional network in the region bringing new opportunities and new relationships for FinArch as well as working closely with existing customers and partners.

Tuck takes on this new role with enthusiasm: “I am excited to be part of the Finarch team. FinArch is recognized in the industry as the best-in-class vendor of financial management software. I find the opportunity to share their solutions exciting, and contributing to the expansion of all the benefits of FinArch’s products in Asia will be a great reward." Because of his familiarity with both the industry and the Asia Pacific region, Tuck believes there is a big opportunity to grow business: “There is explosive growth in the Basel II and IFRS space in Asia, and I believe that Finarch possesses the right products to be a key solution provider in these areas for the Asian banks”. Having spent years in Canada, Tuck will be based in Singapore, his home country.

“I am very pleased to have Tuck joining our sales team in Asia Pacific. Given that we have customers in many Asian countries and that the Asia-Pacific region has proven to have significant growth potential, we knew it was time to invest further in the region.” said Mr. Nigel Lee, Chief Commercial Officer of FinArch. “Tuck’s extensive experience in the financial services industry is a strong asset for us. It will enable him to effectively lead FinArch’s market penetration through the next phase of growth and development. I know for sure that he will support our customers in the region very well and he'll be nothing short of a great success in further developing the market in the region.”

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