Hong Kong, 31 March 2009 – Reval, a global leader in derivative risk management and hedge accounting solutions and services, today announced the opening of its Hong Kong office and the appointment of Will Marsden as Sales Director, Asia. With current operations in Australia, New Zealand and India, this announcement marks Reval’s continued growth, expansion and commitment within Asia Pacific.
“There has been strong demand in the region for Reval’s derivative risk management and hedge accounting solutions from financial institutions and corporations seeking compliance with IAS 39 regulations for hedge effectiveness,” said Jiro Okochi, CEO and Co-Founder of Reval. “This, along with Reval’s best-of-breed solution and ability to help corporations manage P&L volatility through the use of hedge accounting, has continued to drive growth in Asia Pacific.”
“The opening of Reval’s Hong Kong office and the opportunity within Asia comes at a very exciting time as Reval expands its customer base and helps companies manage their derivative risk and hedging programs in these extremely unique economic times,” said Marsden. “I am committed to expanding Reval’s outreach and influence by providing effective and efficient services for our clients.”
“Will’s strong new business expertise, managerial and sales experience complement the entrepreneurial nature of Reval and make him a great addition to our growing Asia Pacific team,” said Tony Singleton, Reval Managing Director, APAC. “I look forward to working with Will as Reval grows from strength to strength in the region.”
With 15 years experience in sales and sales management, Marsden will be based in Hong Kong and joins Reval from Mergermarket, a global mergers and acquisitions intelligence service within the Financial Times Group. Marsden was responsible for setting up, recruiting and leading the sales team for the launch of the Asia Pacific data-set and for growing the business in the region.
Reval’s hedge accounting solutions and derivative valuation services address the complex business, valuation, and accounting requirements for derivative management for interest rates, foreign exchange and commodities at over 200 clients globally. Reval’s products and services help companies implement better approaches to effectiveness testing under stringent accounting rules such as FAS 133, IAS 39, IFRS 7, FAS 157 and FAS 161, providing better control of operational risk, and helping to avoid financial restatements and other regulatory pitfalls.
For more information, visit www.reval.com or email email@example.com.
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