New Asia Pacific Director Strengthens Logica’s Global Financial Products Business

Singapore - 21 June 2010

Richard Davies appointed as director of APAC for Logica Global Products Business

Logica, a leading business and technology service company, today announced the appointment of Richard Davies as director of Asia-Pacific (APAC) for its Global Financial Products Business (GPB). Davies’ main objective will be to build Logica’s financial institution client base in the region, and support these clients in their payments modernisation initiatives.

With many global banks planning to expand their presence in the APAC market and regional players also looking to move into new territories, demand for proven robust and scalable infrastructure for payments processing and filtering has increased. In his new role, Davies will identify these opportunities for growth, as well as further strengthen Logica’s relationships with its current APAC-based clients, which include Standard Chartered, the Central Bank of the Philippines, India and Sri Lanka, CAPS (Clearing and Payment Services) in Singapore and National Australia Bank.

“Banks in APAC are finding they need to drive improvements in their payments operations in response to the fiercely competitive landscape, increased regulatory demands and evolving customer requirements. They are realising that it is crucial to have in place technology that supports their business needs in addressing payment issues within a fragmented marketplace,” said Richard Davies, director of APAC, Logica GPB. “I look forward to extending the footprint of our best practice payments solutions in this region.”

For the past three years Davies served as Logica’s director of Global Payments, based in London. In this role, he helped to further establish its Global Products Business in EMEA. He additionally brings more than 25 years of payments industry experience, having also worked in several management roles within MPCT, American Express and Thomas Cook Group. In his new role as director of APAC, Davies will be based in Logica’s Singapore office, enabling him to work closely with local teams while using his extensive experience and subject matter expertise for the APAC region.

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