NEW YORK, LONDON, MUMBAI, India and HONG KONG, March 14, 2011 /PRNewswire/ -- GoldenSource Corporation, a leading enterprise data management solutions provider, today announced the expansion of its Asia-Pacific presence with the opening of a Beijing office. With Beijing, GoldenSource now has four offices in Asia, including Hong Kong, Melbourne, and Mumbai. Located in the Chaoyang District, GoldenSource's Beijing office will provide sales and support for a growing client base, which includes several leading Chinese financial institutions.
"Spurred by the expanding economy and maturing financial system, clients are demanding more sophisticated EDM solutions to improve operational efficiency, transparency, and risk control. With China currently in the top five geographies based on total tier one capital, this office is of strategic importance to our long-term growth plans," said Mike Meriton, president and CEO of GoldenSource. "As China's regulatory hub, the Beijing office further demonstrates our commitment to the region and reinforces our position as a global EDM provider with a deep understanding of local business needs."
"Since 2006, QDII (Qualified Domestic Institutional Investor), a scheme that allows Chinese institutions to invest in financial products overseas, has accelerated the opening up of financial markets to international securities and investments," said Neill Vanlint, managing director of EMEA and Asia-Pacific at GoldenSource. "Financial institutions need to keep up with continuous innovation as more domestic investors demand alternative investment vehicles and complex instruments to diversify their portfolios."
"Having spent five years in the region, we have observed that current domestic infrastructure and platforms do not have the necessary connectivity for deal execution across the global markets, which increases the opportunity for global solutions to support these investments strategies," said Brian Rooney, sales director of Asia-Pacific at GoldenSource. "Thus, domestic financial institutions are aggressively looking to mature, best-in-breed solutions to transform their infrastructure and enable rapid growth in a short timeframe."
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 achieve 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 www.thegoldensource.com