Nimbus Expands APAC Team to support increasing demand for Business Process Improvement, Operational Risk and Compliance solutions

London, New York & Hong Kong - 16 May 2011

New office and key hires in Hong Kong boost local presence.

Nimbus announced today that it has expanded its presence in the Asia Pacific (APAC) region with two executive level hires and a new office in Hong Kong. The investment enables Nimbus to meet the growing demand for process improvement solutions in the region. Alex Cheng has joined Nimbus in the role of Senior Vice President for the APAC region and has recently been joined by Steve Farrer, Vice President and Regional Head of Financial Services.

Alex Cheng is responsible for all Nimbus business in the APAC region and for expanding the Nimbus footprint across multiple industry sectors. Alex has over 20 years experience selling IT solutions and managing business operations in APAC. One of Alex’s main objectives for 2011 is building Nimbus’ partner network in the region, with alliances that bring specific industry expertise and specialized knowledge, to ensure clients get the best possible solution. Alex graduated from the University of Hong Kong, and has since held senior positions in various European and North American companies including Hummingbird/OpenText, Secure Computing/McAfee, Platform Computing and BakBone/Quest Software.

Steve Farrer is spearheading the growth of Nimbus’ Global Financial Services Industry practice in the region, reporting to Antony Bream SVP Financial Services, Nimbus. He brings to Nimbus over 20 years of risk and compliance experience in APAC, having mainly worked in the financial services and government sectors. Previous roles include Director of Business Development at ACI Worldwide, Vice President of Security and Risk Management at MasterCard International and Senior Officer with the Royal Hong Kong Police Force. He frequently speaks at industry conferences, and is the author of a number of articles on fraud prevention and anti-money laundering. Steve received his Masters in Business Administration from Henley Management College in the UK.

Alex said: “As the market here continues to mature, it is extremely exciting to have the opportunity to help customers in Asia realize the benefits of business process improvement, compliance and efficiencies, in this fastest growing region in the world.”

Steve said: “Financial Services is a high growth sector in the APAC region, and given the importance of robust business processes, operational risk control and compliance in the industry, this is a fantastic opportunity to build on the success Nimbus has enjoyed in Europe and North America in financial services organizations like Barclays, ING, RBS and RBC.”

Ian Gotts, CEO of Nimbus, said: “The Hong Kong office, in addition to our existing operation in Beijing, strengthens our ability to execute in this important region, reinforcing our position as a leading BPM provider with global capability. Operational excellence, the drive for efficient and compliant operations and excellent customer service, will continue to drive demand for our unique business process management application – Nimbus Control. With Steve and Alex on board, we are anticipating significant growth in the region.”

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