Information Mosaic Expands Asian Operations

James Wayne joins as Director of Sales, APAC as company opens new office in Kuala Lumpur

Oct 22, 2010, 02:00 ET from Information Mosaic

LONDON and NEW YORK, Oct. 22 /PRNewswire/ -- Information Mosaic, the global provider of post-trade automation solutions, has appointed James Wayne as Director of Sales, APAC, and opened a new office in Kuala Lumpur to complement existing offices in Singapore, Melbourne and New Delhi. Based in Singapore, James brings over 20 years experience in the financial technology sector to the company.

As Director of Sales, James will be responsible for Information Mosaic's business development initiatives throughout Asia, expanding Information Mosaic's customer base in the region as well as building the regional sales team and introducing Information Mosaic's solutions to new sectors and geographies.  Prior to joining Information Mosaic, James held similar positions at a number of financial technology companies including Thomson Reuters, Fiserv and SunGard.

The new office in Kuala Lumpur has been established to provide local support to financial institutions in Malaysia. It is Information Mosaic's fourth office in the region, a response to the increasing demand there from custodians, asset managers, wealth managers and investment banks for automated asset servicing and securities processing solutions.

"Information Mosaic has a great proposition for the markets in Asia," says James Wayne, Head of APAC, Information Mosaic. "With international fund managers increasingly focused on opportunities in emerging markets such as India, China and Indonesia there is a great opportunity for regional and domestic custodians specialising in these markets. But of course with fragmented clearing and settlement processes there, they need to be looking at new ways to reduce the associated risk and cost of securities processing and asset servicing."  

John Byrne, CEO at Information Mosaic, said: "This is an exciting time for Information Mosaic in Asia. We already have over 120 people based across the region and see a lot of interest in our solutions from both local and international firms. Our new office in Kuala Lumpur, providing local support to institutions in Malaysia, is testament to the success we are experiencing. With his extensive experience in financial technology and in the region, James is a great addition to our team. He has demonstrated real insight into the challenges our clients face."

About Information Mosaic

Information Mosaic is a trusted global provider of advanced post-trade automation solutions to the securities and investment services industry, including custody, asset servicing, private wealth management, asset management and investment banking. The company is a recognized market leader for corporate actions automation, winning multiple awards for best corporate actions solution and achieving record scores in independent benchmark tests.

Founded in 1997, Information Mosaic currently supports the post-trade operations of over 60 financial institutions worldwide. The company has a proven track record of helping financial institutions transform post-trade operations, enabling them to enter new markets, improve customer service and reduce the risk and cost associated with volume and complex processing. Information Mosaic's breakless post-trade automation platform removes reconciliation points and therefore reduces risk and cost for all core post-trade services including corporate actions, securities settlement, trade, portfolio and cash management.

The company supports its global customer base from offices in Dublin, London, Luxembourg, New Delhi, Singapore, Melbourne and New York.

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For further information contact:

Nicola Garvin

Metia Ltd

+44 (0)20 3100 3586

SOURCE Information Mosaic