OpenLink is expanding its Americas Financial Services business by building a new team, opening new offices in the U.S. and Mexico and enhancing the Findur engine for financial transactions
New York – October 22, 2014 – OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, is reaffirming its pace-setting role in the financial services industry by attracting top executive talent, opening new offices, receiving validation from the industry for its pioneering offerings and by enhancing Findur, its cutting-edge engine for financial transactions.
OpenLink has invested in drafting a team of industry heavyweights brought on board to lead new positions created to strategically boost the firm’s regional partnerships, professional services and project management units.
Sandy Weil, an industry veteran known for his executive leadership, has been recruited to be managing director and head of Americas Financial Services for OpenLink.
Just prior to joining OpenLink in April, Weil held the key post of group vice president with the Financial Services Global Business Unit at database and systems giant Oracle Corp. He also served 15 years at Accenture as senior executive and partner in the Global Capital Markets and Banking division.
In conjunction with the new team, OpenLink opened a new office in Mexico City on September 29, a development that reflects the dramatic growth that Findur is experiencing in the Mexican financial services market as a result of new reforms for managing risk in the pension fund industry as mandated by The National Commission for the Pension System (CONSAR).
The new office is a continuation of OpenLink’s commitment to Latin America, a marketplace where the company has had a significant presence for more than eight years with an office in Sao Paulo, Brazil. In the United States, OpenLink has augmented its superior support for financial services firms by moving the financial services team to a new, expanded location in the heart of midtown Manhattan in July 2014.
Given the CONSAR incentive and the growth of markets in Latin America, OpenLink is experiencing significant growth in the region and has substantially increased its customer base. OpenLink has scored major wins at Mexican pension funds where Findur competed against other significant providers to support portfolio management.
OpenLink has made a number of new enhancements to Findur including new credit and risk and data visualization tools as well as predictive business intelligence dashboards.
"The support for OpenLink is growing exponentially, further showcasing how valuable Findur has become to the global financial services industry," said Dr. Mark Greene, CEO, OpenLink. "Our outreach to key markets is essential for OpenLink to meet the global demands for Findur."
Findur offers complete transaction lifecycle support for trading, investing, hedging and funding multiple asset classes, including interest rates, credit, currencies, equities and commodities. Providing strong front-, middle- and back-office and risk analytics all in one system, Findur covers the widest range of asset classes in the industry.