Tim Berrada has joined Fiserv, Inc. as the business development director of Investment Services for the Asia-Pacific region. Based out of the Fiserv Singapore office, Berrada has been hired to support strategic expansion in the region and drive business growth. Berrada will focus on promoting the Investment Services package, including trade processing, corporate actions processing, financial messaging and client billing and revenue management.
Fiserv already has several clients employing the companys Bank Platform and Risk and Compliance solutions in the Asia-pacific, and has cultivated a positive reputation in the region due to its understanding of each countrys financial services needs.
Berrada has spent the last 12 years living in Asia and has more than 14 years experience in the financial services technology industry.
A dedicated Asia-Pacific team, supported by our partnership with Global Winning Technology Corporation (GWT) in Japan, reinforces Fiservs long-term growth strategy for Investment Services in the region. A local presence will make it easier to collaborate with new clients and strengthen existing relationships building on recent successes such as Singapore Exchange (SGX) and their SGX Prime project, says Jay Pila, senior vice president and general manager, Investment Services, Fiserv. Local knowledge and expertise is vital for developing regional go-to-market strategies, which is why Tims background makes him a perfect fit for the new team.
SGX, Asia Pacifics first demutualised and integrated securities and derivatives exchange uses Fiservs trade processing solution, TradeFlow, as the core functionality for its SGX Prime pre-settlement matching service.
We welcome the expansion of Fiservs team in Asia. SGX Prime is a mission critical pre-settlement matching service, and is part of our ongoing efforts to upgrade our IT infrastructure and solutions to provide improved post-trade services in the Singapore marketplace. Our relationship with Fiserv can only be enhanced through a stronger local presence, says Muthukrishnan Ramaswami, senior executive vice president and chief operations officer, SGX.
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