FRSGlobal expands to meet market demands with new office and larger global sales force

Brussels - 24 June 2010

FRSGlobal, the industry-recognised leader in content-rich solutions for unified global regulatory reporting and risk management today announced that it will be opening an office in Shanghai as part of the company’s plans to expand into the mainland Chinese marketplace for risk and regulatory reporting, and to support its existing Shanghai client base. This brings the total amount of FRSGlobal offices up to 21 around the world. FRSGlobal has also announced that it has added to its sales team in its UK and Asia-Pacific Japan (APJ) regions.

The new recent hires include:

• Mark Looi – Regional Sales Director for South East Asia;
• Tim Connolly – Sales Manager, UK.

Mark Looi joins FRSGlobal with over 13 years of software and services sales experience in the financial sector at companies including Fermat, IBM, Computer Associates (CA) and Compuware. Mark will be responsible for regional sales in South East Asia, and is based in Singapore.

Tim Connolly has over 20 years’ experience working in several sales account management positions within companies including 10 years at Sybase and New Era of Networks (NEON). At FRSGlobal, Tim will be responsible for commercial activities in the UK and is based in London.

Steve Husk, CEO at FRSGlobal, commented: “The deluge of regulatory issues and plans to cement banking reform over the last couple of years have forced the entire industry to assess and plan for what is to come - but now we are at a stage when firms need to put theory into practice. This new office opening and these new hires denote the growth we are experiencing as the industry increasingly recognises the need to have robust risk management and regulatory reporting systems in place. The strength of our technology and value of the content we provide our clients put us in prime position to meet these demands.”

FRSGlobal’s new office is located at 5/F Standard Chartered Tower, 201 Shiji Avenue, Pudong, Shanghai 200120, Shanghai, China.

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