Misys Banking Systems says its revenue in China has grown by over 40 percent during the 2005/06 financial year. A steady rise in demand for its market-leading products has resulted in the doubling in size of Misys local Treasury and Capital Markets team.
From its new base in The Executive Centre of the China Resources Building in Beijing, the team of full-time project managers, business, technical and help-desk consultants and sales personnel will provide sales, operations and support services throughout the PRC.
“As the local market becomes more and more attractive to investors, we have seen a sharp rise in demand for our specialist treasury and capital markets solutions, particularly Misys Summit, Misys Opics and Misys Opics Plus,” says Murray Sargant, the MD of Treasury & Capital Markets Asia at Misys Banking Systems. “These products enable banks to generate significant profits by becoming involved in more complex trading. There is huge growth potential in areas such as FX, credit derivatives and structured products trading.”
Misys has invested heavily in China and Hong Kong over the last 25 years and is closely involved with a wide range of financial institutions across Greater China.