Melbourne, Australia, FTA Congress, 29 October 2008 – Reval, a global leader in financial risk management and hedge accounting solutions today announced a partnership with the Austock Treasury team. This partnership will allow Austock clients to have access to the extensive risk management, hedge accounting and sophisticated reporting features within Reval’s award-winning solution, HedgeRx®.
This arrangement will help both businesses increase market presence and deliver seamless services to corporate clients.
The alliance enables Austock Treasury Risk Advisory to extend its core advisory services of strategy, governance and hedging recommendations to a fully integrated service offering including hedge effectiveness reports and independent derivative valuations. These services will have greatest appeal for growing mid-cap companies which may have limited resources or experience to effectively hedge financial risks.
"We undertook a thorough review of providers and were impressed with the professionalism and technical support that Reval provides," says Justin Williams, Head of Austock Treasury Risk Advisory. "It enables us to deliver a full treasury service to our clients as a ‘virtual treasurer’ with a market leading platform. For clients with low transactional volumes we manage their reporting in-house and when they grow bigger we can outsource with Reval or introduce HedgeRx directly as deal volumes dictate."
Tony Singleton, VP of Asia Pacific of Reval said, "We have formed a strong relationship with Austock in a short time. The alliance provides a wider audience for Reval in the emerging mid-cap segment and gives clients the best possible tools in their critical growth stage while also supporting the current growth strategy of Reval in the Asia-Pacific region."
Reval’s range of Web-based solutions – which includes HedgeRx can be rapidly deployed and are used by over 200 multi-national organizations across the globe. Reval and Austock expect this alliance to drive existing and new business through their strategic and combined efforts.
About Austock Group
Austock Group is an independent, publicly listed diversified investment and financial services group. It has a culture and track record of being prepared to invest to build sustainable returns for its clients and shareholders.
Founded in 1991, the company now comprises corporate and securities, private wealth and investment management businesses. Austock has offices in Melbourne, Sydney, Brisbane and Perth along with international affiliations.
Austock is a Pooled Development Fund that invests in and develops financial services businesses under a tax-efficient structure.
Austock seeks to maximise shareholder returns via long-term, tax-free capital growth and dividends.
For further details, visit www.austock.com
For more information, visit www.reval.com or email email@example.com.
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