Mr. Denis de Pentheny O'Kelly CEO of Finlab said, "The Asia Pacific region is seeing a major acceleration in growth in Alternative Investments. This growth stems from both new funds being created to invest in the Region as well as the Region itself becoming a major target for globally-focused hedge fund Investors from around the world. In addition this growth, fueled by the dynamic economies of the Region, presents an unique opportunity to accelerate delivery of our industry leading and price competitive solution PackHedge directly into this market. Equally, in responding to existing customer needs and as part of our worldwide expansion, Finlab SA is pleased to announce the opening of our Sales & Support office for the Asia Pacific region, based in Singapore.

"To be able to realise this strategic vision, we need to recruit the best individuals and resources to develop this market for us. We are therefore pleased to announce that we have been able to bring on board Mr Selva M. Selvaraju as the Director of Sales for Asia Pacific. Prior to joining us, Selva held senior finance and administration positions at Maxis Communications, PSINet and Serono. He has a Bachelor of Accountancy degree from the University of Singapore, attended various postgraduate programs at Harvard Business School and INSEAD and is a Fellow of the Institutes of Certified Public Accountants of Singapore as well as CPA Australia. He is an experienced finance professional and one who will lead us in accelerating our growth in this key market."

Mr Selvaraju said, "As an increasing number of the $1.7 trillion global hedge fund market becomes based in the region, it is a strategic imperative for FinLab to be directly present here. The rapid acceptance of our product Packhedge by investment professionals globally means that we needed to deploy locally based resources to exploit the potential that such a growing market affords. Our existing client base of leading investment houses in the Region gives us an ideal platform to launch our portfolio of products and services in this market. We intend over the coming year to build an organisation that will sell, market and fully support our products in the most dynamic economic market in the world for hedge funds and traditional funds. Singapore's excellent infrastructure, availability of top class talent from within the industry and its convenient time zone location made it compelling for us to base our regional office here."

The establishment of this new office complements the infrastructure we have created in London, Geneva and New York and demonstrates the global nature of our business and the need to provide best in class products and support services that delight our clients on a world wide basis.