Growth in APAC Economies Drives Netik Expansion into Asia
Netik, the global leading provider of financial data creation, management and distribution services and solutions, announced August 30 a key strategic move in the Asia Pacific region with the opening of its Hong Kong office. As part of Netik’s overall repositioning strategy and to complement their existing commercial centres in New York and London, the Hong Kong office will deliver a crucial component in the global expansion of the company’s operations.
According to the latest research from Ovum, investment banks are increasing their IT spending at a faster rate in Asia-Pacific as the region’s economies grow in their importance on the global stage. Much of the investment in all regions and lines of business will be made in risk management systems and reporting systems that allow financial markets companies to provide greater transparency and comply with new industry regulations such as Basel III.
“Asian markets are evolving rapidly and Hong Kong and Asia are seen as the new growth area for financial services. With Netik’s expanding client base using products and services across our range of index and ETF data, client reporting and Prime Brokerage solutions, it is only right that Netik moves into this thriving marketplace,” says Rob Flatley, CEO and President, Netik. “Our presence in the Asia Pacific region is critical in our strategy of repositioning Netik as a leading global provider of information management and delivery solutions for the buy and sell side”.
The new office will be led by Brian Rooney who has been appointed as Senior Vice President, Asia-Pacific. Rooney will assume responsibility for the Hong Kong office and all commercial operations in the Asia-Pacific region. The role will also see Rooney building the staff in this region across sales, service and support. Rooney comes to Netik from GoldenSource where he was regional sales director for the Asia-Pacific region based in Hong Kong.
“Rooney brings a wealth of both regional and professional experience that is exactly the right skill set to drive our expansion into the Asia Pacific region. His focus will be to grow this key region for Netik as it expands across its entire product range of delta one data, data warehousing and management and data distribution. Combined with the focus that Netik is putting into this region it marks a significant step forward in the company’s growth plans”, says Flatley.