Rockall Technologies opens a new office in Dubai

5 May 2011

Rockall Technologies, a leading supplier of collateral management software solutions, announced today that it has opened a new office in Dubai. Rockall Tech is expanding its operations within the Middle East to take account of increased interest from the region and to allow the company to serve the ME and North Africa at a local level. This new office will further strengthen Rockall’s global operations and will complement their existing offices in Ireland and the U.S.

Dubai will be the ideal location for the company to provide sales and support to clients and build long term relationships with them.

Rockall Technologies has recruited Hugh McAree as Business Development Director for the Middle East and North Africa to look after this region. Hugh McAree has over 20 years’ experience in working with blue chip companies such as Misys and Path Solutions in the Middle East. He can be contacted by email hugh.mcaree@rockalltech.com. More information regarding our Dubai office can be found on our website www.rockalltech.com.

Rockall Technologies’ flagship collateral management solution STOC (Systematic Tracking of Collateral) is used across all banking disciplines from Trade Finance to Retail Banking and its system is used by major banks such as Well Fargo and Standard Bank of South Africa to enhance risk management and increase operational efficiency by centrally managing and controlling risks associated with commodities, marketable securities and securing facilities such as Letters of Credit and Limits.

Luke Nestor, CEO of Rockall Technologies, said, “We have over 20 years’ experience developing and deploying highly configurable solutions to help financial institutions manage their collateral according to industry best practices. We are delighted to announce our expansion into the Middle East and look forward to new and exciting opportunities.”

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