Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Tim Berrada has joined the company as the business development director of Investment Services for the Asia-Pacific region.
Based out of the Fiserv Singapore office, Berrada has been hired to support strategic expansion in the region and drive business growth. In this position, Berrada will focus on promoting the Investment Services suite of solutions, including trade processing, corporate actions processing, financial messaging and client billing and revenue management.
Fiserv already has a strong presence in Asia-Pacific, with several clients employing the company's Bank Platform and Risk and Compliance solutions, and has cultivated a positive reputation in the region due to its understanding of each country's unique financial services needs. Establishing a solid local presence enables Investment Services to leverage the excellent client relationships Fiserv has developed during the past 20 years.
Berrada has spent the last 12 years living in Asia and has more than 14 years experience in the financial services technology industry.
"A dedicated Asia-Pacific team, supported by our partnership with Global Winning Technology Corporation (GWT) in Japan, reinforces Fiserv's long-term growth strategy for Investment Services in the region. A local presence will make it easier to collaborate with new clients and strengthen existing relationships building on recent successes such as Singapore Exchange (SGX) and their SGX Prime project," said Jay Pila, senior vice president and general manager, Investment Services, Fiserv. "Local knowledge and expertise is vital for developing regional go-to-market strategies, which is why Tim's background makes him a perfect fit for the new team."
SGX, Asia Pacific's first demutualised and integrated securities and derivatives exchange uses Fiserv's trade processing solution, TradeFlowTM, as the core functionality for its SGX Prime pre-settlement matching service. Muthukrishnan Ramaswami, senior executive vice president and chief operations officer, SGX, said, "We welcome the expansion of Fiserv's team in Asia. SGX Prime is a mmission critical pre-settlement matching service, and is part of our ongoing efforts to upgrade our IT infrastructure and solutions to provide improved post-trade services in the Singapore marketplace. Our relationship with Fiserv can only be enhanced through a stronger local presence."