SOURCE: Paladyne

Paladyne

April 11, 2010 22:00 ET

Paladyne Continues Asia-Pacific Expansion With Appointment of a Regional Director of Client Services

New Hong Kong Office Added to Support Rapid Growth in Asia

NEW YORK, NY and LONDON and HONG KONG--(Marketwire - April 11, 2010) -  Paladyne Systems, Inc., a leading provider of technology and services to the global hedge fund Industry, today announced the appointment of Askin Leung as Director of Client Services for the Asia-Pacific region. Paladyne has also increased its office space in Hong Kong to support its rapidly growing staff and Asia-Pacific client base.

Mr. Leung brings deep knowledge of the hedge fund industry in Asia and will be responsible for all client service activities including implementation, training, and regional help desk support. Prior to joining Paladyne, Mr. Leung was Head of IT for a multi-billion dollar, multi-strategy hedge fund based in Hong Kong, and was the former Asia-Pacific Head of Implementation for Linedata Services, a provider of portfolio management software. Mr. Leung is a certified FRM, and holds a B.S. in computer science from Hong Kong Polytechnic University and an M.S. in Finance from the University of Hong Kong.

Paladyne Systems provides alternative asset managers in Asia-Pacific with an integrated front-, middle- and back-office technology solution which is scalable and cost-effective and meets investor requirements regarding infrastructure and transparency. The PALADYNE® suite is available either as a local install or as a hosted Application Service Provider (ASP) solution. Paladyne, in combination with its extensive partnership network of data providers, is uniquely positioned to service managers in the region who are either launching new funds or who are looking for improved technology and cost reduction.

"Paladyne is currently seeing significant momentum in Asia particularly with Paladyne Portfolio Master™, our unique trading and portfolio management system," said Sameer Shalaby, CEO of Paladyne Systems. "We are very fortunate to have someone with Askin's experience lead our Client Services organization as we continue to expand our presence in this region."

"We have been very impressed with Paladyne's technology as well as the caliber of their support team," said Mr. Lawrence Parsons, Chief Operating Officer at Saka Capital, whose firm recently implemented Paladyne Portfolio Master™. "Everyone we work with at Paladyne is extremely professional and has a clear understanding of what is required for a hedge fund business in Asia."

"Our experience has been first rate with Paladyne, and they have been very responsive to our requests," explained Mr. Guan Ong, Principal at Blue Rice Investment Management. "One of the main factors in our decision to go with Paladyne was that they have demonstrated a clear long-term commitment to our region."

"Paladyne's integrated solutions are very well suited to local hedge funds, and Paladyne has clearly made this region a priority," said Mr. Leung. "We have begun to see the results of this commitment with several new clients, and with our new office, we can continue to expand the team and provide the highest level of service to our clients."

About Paladyne Systems
Paladyne Systems, Inc. (www.paladyne.com), a leading provider of technology and services to the global hedge fund industry, develops and distributes products designed to streamline hedge fund operations while providing business efficiency and cost savings throughout the organization. Paladyne offers a fully-hosted technology platform known as the PALADYNE® suite which is capable of supporting the front- to back-office requirements of today's most comprehensive hedge funds. The PALADYNE® suite is an integrated set of applications including: trading and order management, portfolio management, portfolio accounting, global security master, data warehousing and custom reporting, pricing and valuation, and automated reconciliation. Paladyne was formed through an acquisition of its technology platform from a large US-based multi-strategy hedge fund.

The PALADYNE suite includes the following modules:

  • Paladyne Portfolio Master® -- provides electronic trading, order management and allocation, portfolio management, real-time P&L, and strategy-based performance tracking.
  • Paladyne Credit Master® -- provides loan processing and administration to fully support loan trading, analysis, reporting, and management.
  • Paladyne Analytics Master® -- provides portfolio analytics, data aggregation, and custom reporting tools.
  • Paladyne Security Master® -- provides a centralized terms and conditions repository and distribution engine with real-time updates and corporate action alerts.
  • Paladyne Price Master® -- provides automated collection, storage, and time series analysis of prices and market data from any third-party sources.

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