Reval, a global leader in financial risk management and hedge accounting solutions today announced a partnership with the Austock Treasury team.
This partnership will allow Austock clients to have access to the extensive risk management, hedge accounting and sophisticated reporting features within Reval's award-winning solution, HedgeRx.
This arrangement will help both businesses increase market presence and deliver seamless services to corporate clients.
The alliance enables Austock Treasury Risk Advisory to extend its core advisory services of strategy, governance and hedging recommendations to a fully integrated service offering including hedge effectiveness reports and independent derivative valuations. These services will have greatest appeal for growing mid-cap companies which may have limited resources or experience to effectively hedge financial risks.
"We undertook a thorough review of providers and were impressed with the professionalism and technical support that Reval provides," says Justin Williams, Head of Austock Treasury Risk Advisory. "It enables us to deliver a full treasury service to our clients as a 'virtual treasurer' with a market leading platform. For clients with low transactional volumes we manage their reporting in-house and when they grow bigger we can outsource with Reval or introduce HedgeRx directly as deal volumes dictate."
Tony Singleton, VP of Asia Pacific of Reval said, "We have formed a strong relationship with Austock in a short time. The alliance provides a wider audience for Reval in the emerging mid-cap segment and gives clients the best possible tools in their critical growth stage while also supporting the current growth strategy of Reval in the Asia-Pacific region."