GoldenSource Opens Singapore Office

David Chew appointed as Sales Director for APAC region

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Dec 22, 2011, 10:37 ET

LONDON and NEW YORK, Dec. 22, 2011 /PRNewswire/ -- GoldenSource, a leading provider of Enterprise Data Management (EDM) solutions, has announced that it has opened an office in Singapore, its fifth office in the APAC region. David Chew has been appointed as Sales Director and will be responsible for growing the business and developing GoldenSource's presence in the region.

(Photo: http://photos.prnewswire.com/prnh/20111222/NY26834 )

"David's 20 years of experience in the IT sector in Asia puts us in a prime position to service clients locally as well as expand our global footprint. Singapore is a particularly important nexus for us due to the growing interest in data management as a strategic enabler and influx of capital being transferred to the region," said Neill Vanlint, managing director of EMEA and APAC at GoldenSource.

"The domestic China market is internationalizing. Foreign data feeds such as Bloomberg, Thomson Reuters, and Interactive Data are now required to invest in non-domestic instruments," said Mike Meriton, president and CEO of GoldenSource. "Additionally, Standard Chartered Bank and several large financial institutions have already approached us for guidance on their data governance best practices. We are investing heavily in APAC to satisfy the exponentially increasing demand, and view several recent client wins as a clear sign of deepening maturity in the region. We expect significant growth in additional lines of business to follow in 2012."

Prior to joining GoldenSource, David was responsible for development within the APAC region for SmartStream and was also country manager for China working alongside some of the largest financial institutions in APAC. David has also held senior sales positions with global software companies including Siebel and Oracle.

"GoldenSource is a leader in the EDM space providing integrated instrument, transaction and entity data management necessary for a complete 360 degree view," said Chew. "Data management is fundamental to bank operations and financial institutions in the APAC region are quickly adopting the benefits of a successful EDM implementation. Anticipation of additional regulatory requirements and pressure from clients for increased transparency will continue to drive demand for EDM projects in the future."

GoldenSource now has five offices in APAC, including Beijing, Hong Kong, Melbourne, and Mumbai. The Singapore office is located at 8 Marina View, Asia Square Tower 1, Level 07-04.

About GoldenSource

GoldenSource makes it easy to manage critical reference and market data. We offer an integrated Enterprise Data Management (EDM) platform for the securities and investment management industry.

Our innovative products are designed to create, maintain and distribute a trusted golden copy. Our unique data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organize and aggregate trusted information reduces risk, drives better decisions and helps our customers achieve their goals. GoldenSource solutions are used by forward-looking banks, brokers, investment managers and service providers to reconcile tactical departmental goals and strategic enterprise objectives.

A proven supplier of on premises EDM solutions to the world's largest financial institutions, GoldenSource also powers managed data services via the innovative Powered by GoldenSource™ program.

For more information, visit: http://www.thegoldensource.com/ or follow us on Twitter at http://twitter.com/goldensource.

SOURCE GoldenSource