Calypso plans Hong Kong subsidiary

Source: Calypso Technology

Calypso Technology, a global application software provider of an integrated trading and risk application suite to the capital markets industry, announced today that it has expanded its presence in the Asia Pacific region by filing all required documents to incorporate a new subsidiary company in Hong Kong.

The firm has also appointed Nigel Ford to head up the office, in response to increasing demand for local relationship management in Greater China.

Mr. Ford will work with existing Hong Kong based global clients, including HSBC, Calyon & BNP Paribas, and respond to the growing commercial interest from Greater China based financial institutions. Mr. Ford joined Calypso in August 2008 from similar positions at Sophis, Misys and Thomson Reuters. He was also previously Asia Regional Treasury Manager at ABN AMRO and Wells Fargo Bank.

"Having lived and worked continuously in Asia for the past 27 years, I am excited to be contributing my expertise and deep knowledge of the local business and financial IT industry in Greater China," says Mr. Ford. "In order to service our rapidly expanding client base in Hong Kong, Calypso recognizes the need to commit dedicated resources to the region and I am looking forward to being an integral part of this effort."

Calypso has been present in Asia Pacific since 2001, with an initial presence in Sydney, before opening offices in Tokyo in 2002, Singapore in 2005, and Mumbai in 2006. Calypso's swift growth in the Asia Pacific region is attributable to increasing demand for the state-of-the-art Calypso trading and risk platform from banks, asset managers, insurance companies and hedge funds. In 2009, Calypso announced the firm's implementation successes with Mitsubishi UFJ Trust and Banking Corporation and Macquarie Group to support front-to-back office, cross-asset trading of OTC derivatives and treasury products.

Sean McDermott, Regional General Manager for Asia Pacific of Calypso Technology, Inc. comments, "Asia Pacific is an important region for Calypso, and its diversity in terms of customer needs and government regulation requires dedicated expert resources. China's derivative regulatory landscape is undergoing important changes and Calypso provides the most scalable and reliable e solution for this shifting requirement. Our increasing client base is a testament to our capabilities."

Charles Marston, Chairman and CEO of Calypso Technology, Inc., says, "Calypso is truly a global company and a core part of our vision is to continue expanding our reach. We need to be where are our clients are based in order to deliver them the highest level of service and support. This is why we allocate top-notch resources to regions such as Hong Kong, where we are working with leading global financial institutions. 2009 has been another year of success for Calypso and we continue to seek out new and exciting opportunities for growth."

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