GFT Technologies AG (GFT), a leading international provider of services to the financial sector, has today announced that it is expanding its operations in the UK.
Following the company's strategic expansion in Brazil in the early summer, and the opening of its New York office in September, GFT is now upgrading its UK operations with larger premises in the City. This is GFT UK's second relocation since establishing in the UK in the spring of 2001, which was in itself a bold move. The aftermath of the dotcom bubble was a tough economic climate, but this was in intelligent expansion at an appropriate time for the company and the London office has continued to thrive ever since.
Graham Underwood, Managing Director of GFT UK, commented: "2008 has seen an increase in revenues for us and we recruited to the point where we've outgrown our current offices. Although it's hard to find anyone in the City who isn't predicting difficult times in the short term, we're taking a longer view and expect to see growth over the next five years".
Commentators have anticipated that, as a result of the turbulence and volatility in the financial service sector this year, there will be an increase in business in specific sectors; notably that which is driven by the regulator, as well as mergers and acquisitions.
Graham Underwood again, "part of our expansion is about being well-placed to take advantage of the business available; be that assisting clients in complying with regulations or streamlining the technology following a merger or acquisition. The teams in London, Frankfurt, New York, Barcelona and Sầo Paulo encapsulate GFT's near and farshore outsourcing offering. Globally networked across the business we are also able, through this combination of locations, to both support activity worldwide and develop local markets".
Despite difficult economic times, GFT's confident expansion strategy in New York, Sầo Paulo and now London, demonstrates the company's continued commitment to becoming, not just an international business, but a truly global company.