State Street asset management technology subsidiary Princeton Financial Systems has opened an office in Singapore to support its growing customer base in the Asia Pacific region.
Princeton Financial opened an office in Sydney, Australia in 1998 and now has 12 clients in the Asia Pacific region.
The vendor has signed up two new customers in Singapore over the past year - both Oversea-Chinese Banking Corp (OCBC Bank) and Straits Lion Asset Management have licensed its portfolio management and accounting package, Pam.
The new office is staffed by Manny Domantay, who comes to Singapore after five years at Princeton Financial's Sydney and Toronto offices, and new recruit Laura Llamado who has worked for Pam clients in Montreal and Sydney.