23 October 2017
visit www.avoka.com

SunGard opens Middle East HQ

24 November 2008  |  6353 views  |  0 globe

SunGard Financial Systems has opened a new Middle East headquarters at the Dubai International Financial Centre (DIFC) as it looks to expand its presence in the increasingly lucrative region.

The vendor says the move will help it extend its local support and implementation capabilities to a regional customer base of over 50 financial institutions as well as gain new business.

SunGard has targeted Islamic banks, offering a Shariah-compliant suite for deposits, loans, credit cards, trade finance and treasury. The vendor now says it will extend the number of systems and services it provides to the region.

In September, Wissam Khoury was appointed managing director of the SunGard Financial Systems Middle East operations. Khoury was previously regional manger for Misys Treasury & Capital Markets in the Middle East and Africa.

Says Khoury: "The finance sector in the Middle East has been growing in size and strength, and Dubai is now an important international finance hub. By expanding our operations in the region, and enhancing our solutions to meet specific regional requirements such as Shariah law, SunGard is helping the DIFC, its members and the region to sustain its growth."

In July the firm outlined plans to add 300 new hires to its Indian operations in Pune and Bangalore over six months. SunGard plans to raise its headcount in India to 2000 by early 2009, as it injects more resources into its substantial R&D and sales support operations on the sub-continent.
KeywordsFINDEXPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard ships white-labelled corporate payments package

SunGard ships white-labelled corporate payments package

30 October 2008  |  5126 views  |  0 comments
SunGard moves to acquire GL Trade

SunGard moves to acquire GL Trade

01 August 2008  |  10697 views  |  0 comments
SunGard to bolster Indian headcount

SunGard to bolster Indian headcount

17 July 2008  |  10509 views  |  0 comments
Nyse Euronext beats LSE to win Qatar deal

Nyse Euronext beats LSE to win Qatar deal

24 June 2008  |  4420 views  |  0 comments
Dawood Islamic Bank live with SunGard Web banking product

Dawood Islamic Bank live with SunGard Web banking product

08 January 2008  |  6363 views  |  0 comments
Dubai buys SmartStream for £200m

Dubai buys SmartStream for £200m

12 November 2007  |  16933 views  |  0 comments
First Gulf Bank selects SunGard's BancWare and Adaptiv for Basel II

First Gulf Bank selects SunGard's BancWare and Adaptiv for Basel II

26 June 2007  |  7525 views  |  0 comments
SunGard restructures financial systems business

SunGard restructures financial systems business

17 April 2007  |  6950 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com visit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
16818 views comments | 20 tweets | 34 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14185 views comments | 22 tweets | 30 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10426 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10100 views comments | 13 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job