Reval, a provider of risk management solutions and services, has expanded its Asia Pacific operations via the hiring of four hedge accounting professionals. Accordingly, Reval has added Blaik Wilson, George Chapman, Bevan Webster and Abhishek Maiti to its regional operations.
The vendor, which has operations in Australia, New Zealand and India, indicates that the appointments are part of its global expansion strategy. Jiro Okochi, CEO and co-founder of Reval, explains: “We view Asia Pacific as a key area of growth and are committed to a long term strategy for the region.”
Wilson joins Reval as an Asia Pacific solutions consultant and is the vendor’s first hire in New Zealand. Chapman, who has 10 years of financial services and treasury experience, joins Reval as director of sales for Asia Pacific and is responsible for business development in the region. Both Wilson and Chapman previously worked in the financial services sector for a hedge accounting solutions provider.
Webster and Maiti have joined Reval’s professional services team, which primarily focuses on client compliance with valuation and hedge accounting requirements such as IAS 39 and IFRS 7. Webster has eight years of global accounting and treasury experience, with strong commodities and interest rate derivatives expertise, says the vendor. Maiti has derivative knowledge gained through working in corporate treasury.
In 2008, Reval indicates it experienced 814% growth in the Asia Pacific region over the same period in 2007.