The office is Callataÿ & Wouters' second in Asia, after Singapore, and will facilitate the company's business development and joint sales efforts with its partners in the region.

To lead the operations in China, Callataÿ & Wouters has appointed Peter Pan Yan as its local representative based in Beijing. Having started his career in banking at IBM, Pan Yan joined Callataÿ & Wouters in 2005. He has extensive knowledge and experience of core banking, having worked on numerous international implementation projects and helped to develop the company's strategy in China. Pan Yan will initially focus on joint market development with SAP China for Callataÿ & Wouters' "Thaler on SAP" solution as well as expanding partnerships with domestic system integrators and vendors to support regional implementations.

The new office is located at Unit 1528, 15F Yintai Office Tower, Beijing Yintai Centre, No. 2 Jianguomenwai Avenue, Chaoyang District Beijing 100022, P. R. China. Callataÿ & Wouters now has 12 offices across Europe, Middle East and Asia-Pacific, including those in Brussels, London, Luxembourg, Dubai and Sydney.

Thaler is a scalable core banking system that includes functionality for deposits, loans, securities, treasury and payments as well as multi-channel distribution modules. In 2007, Callataÿ & Wouters signed a strategic deal with SAP to deliver Thaler on the SAP platform and integrate it with SAP solutions for finance and risk management.

Peter Pan Yan, Country Manager, China at Callataÿ & Wouters, commented: "As one of the largest and fastest developing countries in the world, China is obviously a significant market presenting a number of opportunities. Our new office is a clear indication of our commitment to deliver the local knowledge and support that is required to meet the expectations of this region."