Rule Financial expands into Costa Rica

Source: Rule Financial

Rule Financial, a specialist global consulting firm providing business consultancy, program delivery and technology implementation services to the financial services sector, today announces the opening of its first office in Costa Rica on 1st October to meet a growing demand from clients in North America for nearshore delivery services.

Over a two to three year time period, Rule Financial expects to create over three hundred new high-end technology jobs in the country.

By choosing Costa Rica as its newest nearshore location, Rule Financial will be able to offer the benefits of time-zone alignment when delivering large projects for clients based in the United States and Canada. Rule Financial joins an extensive network of more than 250 multinational companies operating in Costa Rica, further reinforcing it as a viable location from which to execute its complex IT projects. The initial focus of the company will be to find and attract the best technical talent, especially those who are experienced in developing software using Microsoft Technologies, such as .Net, C#, WCF or WPF among others.

Alex Fernandez has joined Rule Financial as its Costa Rica country head and brings to the role more than sixteen years' experience in the technology industry gained from prior roles with Microsoft and Oracle. Fernandez was quick to point out the many advantages of opening a facility in Costa Rica, including "a large and expanding pool of highly skilled graduates in strategic areas such as IT, software development and technical support. This large bilingual labor pool, close proximity with North America and our near identical working hours provide an ideal environment for effective, nearshore IT development".

Rule Financial Costa Rica will serve a very exclusive customer base, including 9 of the top 10 investment banks in the world in key areas of their business, including Legal and compliance, Prime services, Risk management, Securities Finance, Trading and Operations.

Laura Chinchilla, President of Costa Rica commented on Rule Financial becoming the latest multinational company to locate in the country, saying; "We feel extremely pleased, that the Costa Rican talent, our proven track record, our political stability and our consistent efforts to attract foreign direct investment to our country, convinced Rule Financial to establish an operation in Costa Rica. The more than 300 high quality new jobs created by this company will bring opportunities for growth, quality of life and well-being for thousands of Costa Rican families".

Costa Rica has a long history of democracy, political and economic stability and cultural similarities with the US, supporting the establishment of solid multi-national relationships. Strong intellectual property law and data protection regulation ensure that Costa Rica is an appropriate location to deliver robust technology solutions for investment banks and other financial services organizations.

Commenting on the recent expansion, Chris DeBrusk, co-head of Americas for Rule Financial, said; "Significant and continued growth in our North American business has led to the need for a greater pool of high quality IT resources to ensure we can continue to service our clients' most strategic projects. We recognise that the excellent opportunities provided by the highly talented workforce and vibrant social and economic landscape in Costa Rica reinforce our commitment to deliver for our clients in the financial services sector". 

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