Calypso Opens Office in Chile

Capital markets platform provider Calypso Technology has opened an office in Santiago, Chile, which is the company's 19th location worldwide and second in South America.
By Jake Safane(2147484770)
Capital markets platform provider Calypso Technology has opened an office in Santiago, Chile, which is the company’s 19th location worldwide and second in South America.

The Santiago office serves as a professional services hub as well as a sales and marketing base for the region. Calypso’s other South American office is located in Sao Paulo, Brazil. Previously, the territory had been managed from Calypso’s New York office, but the company decided to make Santiago that region’s base due to recent sales growth in the area. Another reason for setting up in Santiago is because Calypso believes its platform will help Chile move toward a centrally cleared derivatives market.

“Key to our strategy as a global leader has been to identify, understand and implement solutions to meet the challenges faced by local financial institutions particular to their markets. We see great demand for our cross-asset capabilities from banks in the region who are looking to increase market share—both locally and globally, as foreign investors continue to focus on the region,” says Carlos Patino, Calypso’s director of business development, Latin America & the Caribbean. “These currents are also being driven by a need to comply with multiple regulatory regimes, while moving quickly to capitalize on current opportunities. We look forward to playing a critical role in the evolution of the regional markets and supporting institutions as they grow.”

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