GoldenSource expands in Asia 23 December 2011New York Reporter: Justin Lawson
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GoldenSource has opened an office in Singapore, its fifth office in the APAC region further to this David Chew has been appointed as sales director and will be responsible for growing the business and developing GoldenSource’s presence in the region.
“David’s 20 years of experience in the IT sector in Asia puts us in a prime position to service clients locally as well as expand our global footprint. Singapore is a particularly important nexus for us due to the growing interest in data management as a strategic enabler and influx of capital being transferred to the region,” said Neill Vanlint, managing director of EMEA and APAC at GoldenSource.
“The domestic China market is internationalizing. Foreign data feeds such as Bloomberg, Thomson Reuters, and Interactive Data are now required to invest in non-domestic instruments,” said Mike Meriton, president and CEO of GoldenSource. “Additionally, Standard Chartered Bank and several large financial institutions have already approached us for guidance on their data governance best practices. We are investing heavily in APAC to satisfy the exponentially increasing demand, and view several recent client wins as a clear sign of deepening maturity in the region. We expect significant growth in additional lines of business to follow in 2012.”
Prior to joining GoldenSource, Chew was responsible for development within the APAC region for SmartStream and was also country manager for China working alongside some of the largest financial institutions in APAC. Chew has also held senior sales positions with global software companies including Siebel and Oracle.
“GoldenSource is a leader in the EDM space providing integrated instrument, transaction and entity data management necessary for a complete 360 degree view,” said Chew. “Data management is fundamental to bank operations and financial institutions in the APAC region are quickly adopting the benefits of a successful EDM implementation. Anticipation of additional regulatory requirements and pressure from clients for increased transparency will continue to drive demand for EDM projects in the future.”
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