Fidessa group expands in the Middle East
London, 26th January 2009 - Fidessa group plc (LSE: FDSA), provider of the award winning Fidessa and Fidessa LatentZero trading, compliance and global connectivity solutions for the sell-side and the buy-side, has today announced the appointment of two new key staff as part of the expansion of its operations in the Middle East.
The company will also open a new office in Bahrain which will serve as its Middle East headquarters. This represents the latest step in the company's ongoing strategy of global expansion.
Fidessa's sell-side operations in the region will be managed by Edward Manley who will serve as Regional Manager for the Middle East and Africa. Manley brings extensive experience of the Gulf region having worked for Reuters Middle East for 12 years before joining Fidessa.
For Fidessa LatentZero on the buy-side, Gary Dingwall will be responsible for new business development in the region; he also brings a wealth of experience having lived and worked in the Gulf as Regional Manager for Swift for over a decade.
Simon Barnby, global director of marketing communications for Fidessa group, comments: "The Middle East presents an important new marketplace for Fidessa group, with opportunities for both our buy-side and sell-side products, as well as for our global connectivity solutions. These key staff appointments and new regional headquarters demonstrate our commitment to the region. The Middle East is a lucrative emerging market with international aspirations, and we are looking forward to being a part of the developing landscape there."
Fidessa group will be marking the official launch of its enhanced activities in the Middle East at MEFTEC, the Banking & Financial Technology event, at the Bahrain International Exhibition Centre on February 10 and 11 (www.meftec.com).PDF (0.07 MB)