Misys Banking Systems (Misys) announces its intention to strengthen its presence in Asia with a specialised team focused on the Asian capital markets arena, based in Beijing.
This extension to the Misys Banking Systems offering in the Asia Pacific region will be headed up by Murray Sargant, who will lead a dedicated team of Misys Treasury & Capital Markets specialists.
The strengthening of the Treasury & Capital Markets operation in Beijing signals Misys Banking Systems objective to further enhance its product offering and to respond to clients’ growing business needs to seize the opportunities this region represents. The impetus for this focus comes from the huge transformation in China in recent years offering the potential for double digit growth for institutions operating in the financial services market.
"We are finding that the Treasury & Capital Markets area in China is increasingly seeing newly listed financial institutions driving significant revenue in a more deregulated market place," comments Murray Sargant, Managing Director Asia Pacific for Treasury & Capital Markets, Misys Banking Systems. "China offers huge growth potential, particularly given the significant rise in FX trading and the birth of the derivatives market.
"With our world-class solutions in this sector comprising Misys Opics, Misys Summit and Misys Loan IQ, we offer clients the technology to take advantage of this burgeoning market. Currently in China we have a number of consultants and full time staff with treasury and capital markets expertise in our Beijing office, with projects ongoing in Beijing, Tanjin and Shanghai. Some recent customers that have signed contracts with us include China Zheshang Bank, China Bohai Bank and Bank of China. We expect to grow our position over the next six months.
"We are keen to help our clients take advantage of the opportunities to capitalise on the growth this market represents. There is the prospect of banks in this region expanding to the extent that they displace many US, Japanese and European banks currently among the top 20 of the world's largest banks," adds Sargant, who joined Misys Banking Systems earlier this Autumn after previously holding director positions with Oracle and Peoplesoft, based in Singapore and Hong Kong respectively. He leads a dedicated team of treasury and capital markets specialists in the area of sales, support and account management across Asia.