Market changes fuel increased need in region for robust and flexible cross-commodity, trading and risk-management technology in the region
New York – February 17, 2011 – OpenLink Financial LLC (OpenLink), a leading provider of cross asset, trading, risk management and operations processing software solutions, announced today that it has fortified its international presence in the APAC region. Doug Gyani will relocate to OpenLink's Singapore office as the Director of Sales focused on the Asian region. Mr. Gyani brings a decade of global industry and product experience working in various international markets. The primary goal will be to grow OpenLink's existing market share and increase brand awareness within the Asian markets, as well as build and expand the network of distributorship agreements.
Although OpenLink's proactive investment in BRIC and APAC has historically supported their clients' global expansion initiatives, these investments are also validated by recent research showcasing the shift in Market Value Rankings of the top global energy firms moving from the west to Russia, China and Brazil (PFC Energy 50 Research). Other recent research on the Commodities and Agribusiness markets substantiates that demand will continue to increase, putting more pressure on enterprises to operate efficiently across their value chain.
Mr. Gyani's mandate will further the goals of the existing OpenLink Team in this region – to continue to bring the OpenLink leading suite of solutions to the Energy & Commodities, Financial & Capital Markets, Corporate Treasuries, and the Agribusiness industries. Support for the clients in this region has traditionally been handled by a team of seasoned consultants, who have a combined total of more than 50+ years experience in these markets.
Donnie Choi, President of STI CS, a current distributor of OpenLink solutions in the APAC region commented, "Two distinctive trends are emerging in the APAC region: the expanded presence of Global Energy and Commodity firms who desire to take advantage of regional opportunities, and the focus on efficiency from Agribusiness and Financial Services firms." Mr. Choi went on to add, "We are pleased to have a technology partner with a comprehensive solution which will allow all these various market participants the ability to manage their entiretransaction lifecycle in their specific markets."
OpenLink's MD for the APAC region, Jean-Claude Riss added, "OpenLink has historically assisted clients as they evolved and shifted – with pioneering, flexible technology which allows them the ability to respond to changing circumstances and environments." Mr. Riss went on to add, "By adding resources to the region we aim to achieve several goals; (i) expand our presence in our Singapore and Kuala Lumpur offices, (ii) open new offices in Japan and China, and (iii) add to our existing partnerships to help us achieve not only greater market penetration but also offer our potential clients a local partner to provide local knowledge and support."
STI CS Inc. is a leading solution provider to the Korean financial industry - providing global, leading-edge financial technology systems.
It has been focusing on Trading and Risk Management Systems and achieved a number of success stories in sales and marketing, implementation projects and maintenance and support.
Its main business experience is with banks and securities companies, and customers include the top 10 banks in Korea.
STI CS has over 20 years of experience in Financial Engineering and IT technology.