Electronic trade finance solutions provider Bolero is opening a new office in the heart of Singapore's Raffles Place financial district, bringing it closer to corporate, logistics and financial customers based in and operating out of the region.
The official opening of the new site in The Prudential Tower on Cecil Street will take place on 4 March.
Bolero, which also has international offices in London, Hong Kong, Shanghai and Tokyo, is committed to transforming world trade using electronic trade practices to make transactions more efficient, paving the way for improved working capital, accelerated time to cash and more effective credit line management.
Bolero's Regional Director for the Asia Pacific, Ross Wilkinson, sees the new office as a further commitment to growing business in the region. "Singapore is the fulcrum of world trade and a major gateway into Asia for many of the trade lanes," said Wilkinson.
"Having a direct presence in the country is an important next step for Bolero. As well as enabling us to service and develop existing relationships, having dedicated resources on the ground will put us in a stronger position to act on emerging opportunities in South East Asia."
The firm has now appointed a new Business Development Director, Kay Ren Yuh, who has a strong background in shipping and trade technology. "I am very pleased to be joining the leading digitised trade solutions provider Bolero at this exciting time in the company's growth," he added. "I look forward to bringing value to the key stakeholders in the dynamic industry of international trade in this region."
Linked to its strategy for international growth, Bolero is now in the process of recruiting additional technical resource and support.