Risk management solutions and valuations provider Reval has opened a new office in Hong Kong and appointed ex-Mergermarket sales head Will Marsden as its new sales director for Asia. The vendor, which currently has offices in Australia, New Zealand and India, hopes the new office will help it to expand its client reach further in the Asian region.
Jiro Okochi, CEO and co-founder of Reval, reckons there is strong demand for derivative risk management and hedge accounting solutions in the region as a result of the compliance requirements for IAS 39.
Marsden joins from Mergermarket, a global mergers and acquisitions intelligence service within the Financial Times Group, where he 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.
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