Contact Information: CONTACT: Eric Royer Paladyne Asian Sales +852 3180 9237 eroyer@paladyne.com Lisa Jane O'Neil Paladyne Media +212 786 7629 or 917 361 8303 lisajane@ljoassociates.com
Paladyne Systems Expands Its Global Operations With Hong Kong Office
Paladyne Names New Director for Asia Pacific Region
| Source: Paladyne
NEW YORK, NY and HONG KONG and LONDON--(Marketwire - November 19, 2009) - Paladyne Systems,
Inc., a leading provider of technology and services to the global hedge
fund Industry, today announced its continued global expansion with the
opening of a Hong Kong office in response to an increasing demand for its
hedge fund technology and services in the Asia Pacific region. Paladyne
appointed Eric Royer as the new Regional Director of Paladyne Asia with
responsibility for managing all aspects of Paladyne's Asian business
operations.
Paladyne, led by Mr. Royer, provides alternative asset managers in Asia
Pacific with a standardized and integrated front-, middle- and back-office
solution which is scalable, cost effective and improves 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, is uniquely positioned to service
managers in the region who are either launching new funds or who have
established businesses and are looking for improved technology and cost
reduction.
"The Asia Pacific region is an exciting growth area for the alternative
investments industry, and Paladyne is well positioned to service funds of
all sizes at the most efficient cost possible," said Sameer Shalaby, CEO of
Paladyne Systems. "Eric, with his in-depth knowledge of the region, has the
insight, experience and leadership to locally support and expand our client
base, establish relationships with complementary vendors and grow
Paladyne's presence in the region."
Prior to joining Paladyne, Mr. Royer served as Managing Director of Tradar
Asia and established their Hong Kong office. Mr. Royer managed all local
operations for Tradar Asia including sales, client support, account
management, product management, quality assurance and professional
services.
"Paladyne has developed an extremely comprehensive suite of products and a
robust ASP solution that addresses the operational requirements of both
start-up and complex Asian fund managers," said Mr. Royer. "Paladyne's
order and portfolio management solution supports multiple prime broker
relationships as well as managed accounts and addresses the needs of
investors regarding transparency and operational control and risk
mitigation."
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.