GL Trade establishes Middle East North Africa unit in Tunis

Source: GL Trade

GL TRADE, global provider of front-to-back office software solutions for international financial institutions, announces the creation of a new Business Unit, GL TRADE Middle East North Africa (MENA).

This new geographical location, based in Tunis, has been created to support the development of group business in the Arab world.

GL TRADE MENA is headed by Yassine Brahim, former CEO of Ubitrade, a company bought up by the group at the end of 2004. GL TRADE MENA will provide technical and sales support to customers throughout the region. This unit will also offer development support for specific products. The GL TRADE office in Tunis has a workforce of 70 employees - a team of 60 R&D engineers working on all the group's products, a sales team and a customer support team.

GL TRADE MENA's geographical coverage extends from the North African countries to the Middle East, and in particular Dubai where GL TRADE signed a partnership agreement with the DIFX exchange and which opened for trading at the end of September 2005.

"GL TRADE already had customers in the Middle East and North Africa", said Yassine Brahim, GL TRADE MENA's CEO. "Investor interest in this part of the world is growing. Now, with a new dedicated Business Unit, we can help our new and existing customers in the roll-out, maintenance, support and optimization of their solutions. This is the guarantee that our group can offer the responsiveness and flexibility that they expect from a true partner".

GL TRADE now has 26 offices throughout the world, the most recent located in Korea, Taiwan and Moscow.

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