"We already have a number of key clients in Hong Kong who have successfully been using FMO", said Paul Lemphers, Director-FMO Asia. "FMO originates from Asia- Pacific and has been developed for hedge funds in Asia, trading in global markets. FMO's base in Hong Kong will support clients in Hong Kong and Singapore and reaffirms our commitment to this region."

FMO also announces the hiring of Cora Tang CFA as Head of Client Services. Ms Tang will be based in Hong Kong and leads the FMO Implementation and Support teams. Ms Tang joins FMO from Citi Hong Kong, where she set up and managed the OpenPrime portfolio management system for Citi's hedge fund clients in Asia. Previous to Citi, Ms Tang worked for front-office trading technology company, GL Trade (now known as Sungard), and back-office system company DST International. Ms Tang's experience in portfolio management systems for hedge funds will be invaluable for clients in getting the most out of the FMO system for their business.

"FMO has developed a very impressive portfolio management system aimed at the Asian market" said Cora Tang, Head of Client Services, FMO. "Its reporting functionality allows fund managers to view their portfolios in any way they want and this is superior to other systems on the market today. Its user-friendliness and compatibility with Microsoft Excel will bring the industry to a new era."