June 24, 2010 05:29 ET

FRSGlobal Expands to Meet Market Demands With New Office and Larger Global Sales Force

New Shanghai Office Opens; UK and APJ Sales Teams Expand

BRUSSELS, BELGIUM--(Marketwire - June 24, 2010) - FRSGlobal, the industry-recognised leader in content-rich solutions for unified global regulatory reporting and risk management today announced that it will be opening an office in Shanghai as part of the company's plans to expand into the mainland Chinese marketplace for risk and regulatory reporting, and to support its existing Shanghai client base. This brings the total amount of FRSGlobal offices up to 21 around the world. FRSGlobal has also announced that it has added to its sales team in its UK and Asia-Pacific Japan (APJ) regions.

The new recent hires include:

  • Mark Looi -- Regional Sales Director for South East Asia;

  • Tim Connolly -- Sales Manager, UK.

Mark Looi joins FRSGlobal with over 13 years of software and services sales experience in the financial sector at companies including Fermat, IBM, Computer Associates (CA) and Compuware. Mark will be responsible for regional sales in South East Asia, and is based in Singapore.

Tim Connolly has over 20 years' experience working in several sales account management positions within companies including 10 years at Sybase and New Era of Networks (NEON). At FRSGlobal, Tim will be responsible for commercial activities in the UK and is based in London.

Steve Husk, CEO at FRSGlobal, commented: "The deluge of regulatory issues and plans to cement banking reform over the last couple of years have forced the entire industry to assess and plan for what is to come -- but now we are at a stage when firms need to put theory into practice. This new office opening and these new hires denote the growth we are experiencing as the industry increasingly recognises the need to have robust risk management and regulatory reporting systems in place. The strength of our technology and value of the content we provide our clients put us in prime position to meet these demands."

FRSGlobal's new office is located at 5/F Standard Chartered Tower, 201 Shiji Avenue, Pudong, Shanghai 200120, Shanghai, China and can be reached by phone at +86 21 61826935.

About FRSGlobal

FRSGlobal is the industry-recognised leader in unified global regulatory reporting and risk management solutions. These solutions, which are enriched with content including pre-defined regulatory reports and stress testing libraries, are employed daily across the globe by firms to meet increasingly complex external (regulatory) and internal (management) reporting obligations.

FRSGlobal solutions are a combination of in-depth content and modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine on a unified platform:

  • RegPro enables financial institutions to address major regulatory and compliance requirements locally and globally -- at branch and head office level.

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

  • Subscribing clients benefit from the FRSGlobal Regulatory Update Service 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 around the world.

FRSGlobal has 21 years of industry expertise and its high level of business content is used in over 1,500 financial organisations globally. FRSGlobal is owned by the Carlyle Group and Kennet Partners.

FRSGlobal is headquartered in Brussels with a further 19 other offices in North America (Boston, New York and Toronto), Europe (Amsterdam, Brussels, Dublin, Lisbon, London, Luxembourg, Madrid, Paris, Zurich, Lausanne, Warsaw and Cluj-Napoca (Romania)), Dubai and Asia Pacific and Japan (Hong Kong, Pune and Singapore).

Contact Information

    Lauren Dearmer
    PR manager
    Tel: +44 20 7539 6525
    Email: Email Contact