FRSGlobal

FRSGlobal expands presence in Asia with multiple new senior management hires

14/07/2009

 Download in PDF Format » (111.03 kB)

Singapore, India - 14 July 2009: FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 30 countries on a unified platform, today announced that it has expanded its presence in Asia Pacific and Japan with four new senior management hires.

• Sudhansu Mishra has been appointed Head of Sales for India
• Raymond Hee as Regional Sales Manager for South East Asia, Australia, New Zealand and Korea
• Myron Zhu as Regional Sales Manager for China
• Michael Henroid as Regional Solutions Manager

Sudhansu Mishra has over 20 years' experience working within financial services industry and joins from Calypso where he was the Director of Business Development for South Asia. Sudhansu has unique experience working in both banks and software companies where he has held senior management roles, such as CTO of renowned banks including (i) Centurion Bank, the first private sector bank in India to implement centralised core banking solution and (ii) Commercial Bank of Oman. Sudhansu has also led sales and business development in global software companies including SunGard and UNISYS. At FRSGlobal, he will be responsible for sales in South Asia and will also manage partner relationships in the region.

Raymond Hee joins FRSGlobal with 15 years' experience in large account and complex solution sales within Business Intelligence, Data Warehousing, Customer Relationship Management, Anti Money Laundering, Asset/Liability Management, Fund Transfer Pricing and Customer Profitability in the Asian financial services industry. These companies include IPS-Sendero, Prism, Chordiant, SAS, Mantas and Infor.

Myron Zhu has over ten years' experience working for the financial services software industry in China. Prior to joining FRSGlobal, he was senior sales manager for Misys, responsible for sales and implementation of treasury and risk management banking solutions. Before Misys, Myron worked for Oracle and Microsoft. At FRSGlobal he will be responsible for sales and management in China.

Mike Henroid has over ten years' experience working in risk management. He joins FRSGlobal after eight years at SunGard, where for the last three years Mike was the Solution Director for Risk Management in Asia-Pacific. Mike has worked with banks in Asia as an advocate of sound risk management practice and has authored several Whitepapers on risk for the Asian market segment. His role within FRSGlobal will see him as the Regional Solutions Manger supporting the regional sales managers.

Stephen Thurley, Vice President for Asia Pacific and Japan at FRSGlobal, commented: "With last year being an outstanding one for FRSGlobal in Asia Pacific, we recognised the need to systematically grow our presence across the region. Our solutions in Asia now cover eight countries for regulatory reporting and the demand for our unified risk and regulatory product in ALM/Liquidity and IFRS has attracted quality staff from leading risk vendors. This was also backed up by the Chartis rankings that rated the FRSGlobal risk solution as one of the leading products in the market place today. I am delighted to welcome all of our new staff to FRSGlobal in this exciting and dynamic market place and I sure they will contribute to our success and next phase of growth in the region."

Steve Husk, CEO at FRSGlobal, added: "Asia Pacific presents great growth opportunities, the raft of regulatory changes expected across all the regions means that hiring talented staff throughout the company is an absolute priority. The knowledge base and experience from these individuals will be a real asset to the company and we look forward to having them on board at this crucial stage in the current economic climate."

About FRSGlobal

FRSGlobal is the only provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model.

FRSGlobal solutions are a combination of modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine:

• RiskPro provides profitability analysis across the following risk types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic Capital.



• RegPro enables financial institutions to address major regulatory and compliance requirements locally and globally - with reports for more than 30 countries.



• Subscribing clients benefit from the FRSGlobal Guarantee, which ensures the regulatory reports are maintained in line with the Regulators' requirements.



• FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and regulatory activities in 100+ countries.